Impact Investors Inc reduced its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 23.9% in the 1st quarter, Holdings Channel reports. The fund owned 4,039 shares of the semiconductor manufacturer’s stock after selling 1,269 shares during the quarter. Broadcom accounts for 0.9% of Impact Investors Inc’s portfolio, making the stock its 23rd biggest position. Impact Investors Inc’s holdings in Broadcom were worth $1,250,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Warner Group LLC lifted its holdings in shares of Broadcom by 3.3% during the 1st quarter. Warner Group LLC now owns 1,005 shares of the semiconductor manufacturer’s stock valued at $311,000 after purchasing an additional 32 shares in the last quarter. SilverOak Wealth Management LLC lifted its stake in Broadcom by 1.5% in the first quarter. SilverOak Wealth Management LLC now owns 2,951 shares of the semiconductor manufacturer’s stock valued at $913,000 after buying an additional 45 shares in the last quarter. Cvfg LLC boosted its holdings in shares of Broadcom by 240.0% in the first quarter. Cvfg LLC now owns 2,897 shares of the semiconductor manufacturer’s stock valued at $897,000 after buying an additional 2,045 shares during the period. Saxon Interests Inc. raised its holdings in shares of Broadcom by 7.5% during the first quarter. Saxon Interests Inc. now owns 12,273 shares of the semiconductor manufacturer’s stock worth $3,799,000 after acquiring an additional 851 shares during the period. Finally, Golden Road Advisors LLC lifted its position in Broadcom by 11.4% in the 1st quarter. Golden Road Advisors LLC now owns 2,818 shares of the semiconductor manufacturer’s stock valued at $872,000 after acquiring an additional 288 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.
Insider Activity
In other news, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harry L. You bought 1,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the acquisition, the director owned 38,466 shares in the company, valued at $14,369,743.62. This trade represents a 2.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 36,644 shares of company stock valued at $13,982,964. 1.90% of the stock is owned by insiders.
Analysts Set New Price Targets
Read Our Latest Report on Broadcom
Key Headlines Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom’s expanded Apple agreement, valued at more than $30 billion through 2031, strengthens visibility for revenue and highlights demand beyond AI chips. Why Broadcom Stock Rose Today
- Positive Sentiment: Analysts remain upbeat on Broadcom’s AI business, with Jefferies reiterating a Buy rating and a $550 price target as AI chip momentum improves. Broadcom’s (AVGO) AI Chip Momentum Keeps Wall Street Bullish
- Positive Sentiment: Broadcom is being viewed as a broader AI infrastructure winner because its networking products help connect large-scale AI systems, expanding the investment thesis beyond GPUs and custom chips. Broadcom stock’s latest catalyst targets Nvidia where it looks strongest
- Neutral Sentiment: Some coverage notes Broadcom’s near-$2 trillion market value and strong AI revenue growth, but also suggests much of the good news may already be reflected in the stock. Broadcom Is Less Than 5% From the $2 Trillion Club — and Apple Just Committed $30 Billion for More Chips
- Negative Sentiment: Erste Group downgraded Broadcom to Hold, citing valuation concerns, which may be limiting upside after the recent rally. Erste Group downgrades Broadcom to Hold citing valuation concerns
Broadcom Stock Down 0.3%
AVGO traded down $1.14 on Friday, hitting $399.97. 14,579,242 shares of the company were exchanged, compared to its average volume of 26,802,910. The stock’s fifty day moving average is $405.29 and its 200-day moving average is $364.13. Broadcom Inc. has a 12 month low of $269.58 and a 12 month high of $495.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24. The company has a market cap of $1.90 trillion, a PE ratio of 66.66, a PEG ratio of 0.70 and a beta of 1.45.
Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The firm had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The business’s revenue was up 47.9% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. Equities research analysts predict that Broadcom Inc. will post 10.24 EPS for the current fiscal year.
Broadcom Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, June 22nd. Broadcom’s payout ratio is presently 43.33%.
Broadcom Profile
Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.
On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.
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