Oddo BHF Asset Management Sas raised its position in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 31.4% during the first quarter, HoldingsChannel.com reports. The firm owned 401,348 shares of the semiconductor manufacturer’s stock after purchasing an additional 95,972 shares during the period. Broadcom makes up 4.9% of Oddo BHF Asset Management Sas’ portfolio, making the stock its 3rd biggest position. Oddo BHF Asset Management Sas’ holdings in Broadcom were worth $124,211,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Bull Harbor Capital LLC bought a new stake in shares of Broadcom during the first quarter valued at approximately $3,482,000. Strategic Investment Advisors MI grew its stake in Broadcom by 21.4% in the first quarter. Strategic Investment Advisors MI now owns 29,731 shares of the semiconductor manufacturer’s stock worth $9,201,000 after purchasing an additional 5,236 shares in the last quarter. Ashton Thomas Securities LLC raised its position in Broadcom by 30.0% during the 1st quarter. Ashton Thomas Securities LLC now owns 19,004 shares of the semiconductor manufacturer’s stock valued at $5,882,000 after purchasing an additional 4,391 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Broadcom by 4.9% in the 1st quarter. Arkadios Wealth Advisors now owns 144,888 shares of the semiconductor manufacturer’s stock worth $44,844,000 after buying an additional 6,822 shares during the period. Finally, South Dakota Investment Council grew its position in shares of Broadcom by 24.2% during the 1st quarter. South Dakota Investment Council now owns 132,026 shares of the semiconductor manufacturer’s stock worth $40,863,000 after buying an additional 25,744 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.
Broadcom News Roundup
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom reportedly signed a five-year, $200 billion agreement with Samsung covering memory chips, including high-bandwidth memory (HBM), and potentially advanced packaging. The deal could help solve a key constraint for Broadcom’s AI accelerators by securing critical memory supply and supporting long-term growth. Broadcom Just Signed a $200 Billion AI Agreement
- Positive Sentiment: Analysts and investors remain optimistic that Broadcom’s custom AI-chip business and relationships with hyperscale cloud providers can continue benefiting from infrastructure spending. Some valuation analysis indicates AVGO may be below estimated fair value based on discounted cash flow and earnings multiples despite its strong long-term appreciation. Is Broadcom Stock Below Fair Value After Its AI Deals?
- Neutral Sentiment: The Samsung agreement highlights both the scale of AI demand and the industry’s rising costs. While guaranteed memory access may support revenue, the size of the commitment could pressure margins, capital requirements, and returns if AI demand or customer orders weaken. Broadcom’s $200 Billion Samsung Deal
- Negative Sentiment: Chip stocks have continued to pull back amid fears that AI-related valuations and capital spending expectations have become excessive, creating a broader headwind for AVGO. Chip Stocks Extend Pullback Amid AI Bubble Fears
- Negative Sentiment: One analyst raised concerns about AI “backstop” arrangements involving Broadcom and Nvidia, warning that these structures could leave the companies with additional liabilities if customers do not meet expected commitments. AI Backstop Concerns
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on AVGO
Insider Transactions at Broadcom
In related news, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director owned 31,326 shares in the company, valued at $12,072,413.88. This trade represents a 5.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harry L. You purchased 1,000 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $373.57 per share, with a total value of $373,570.00. Following the transaction, 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. Insiders sold 61,644 shares of company stock valued at $24,016,214 in the last quarter. Insiders own 1.90% of the company’s stock.
Broadcom Stock Performance
Shares of Broadcom stock opened at $370.32 on Thursday. The company has a 50 day moving average price of $395.11 and a 200 day moving average price of $367.66. The firm has a market capitalization of $1.76 trillion, a P/E ratio of 61.72, a PEG ratio of 0.73 and a beta of 1.45. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a 52 week low of $281.61 and a 52 week high of $495.00.
Broadcom (NASDAQ:AVGO – Get Free Report) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.04. The company had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. Broadcom’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. Sell-side analysts expect that Broadcom Inc. will post 10.24 EPS for the current 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 given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is presently 43.33%.
About Broadcom
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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