Robeco Schweiz AG increased its position in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 22.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,000 shares of the semiconductor manufacturer’s stock after buying an additional 3,100 shares during the period. Robeco Schweiz AG’s holdings in Broadcom were worth $5,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Encompass More Asset Management grew its position in Broadcom by 9.2% during the 4th quarter. Encompass More Asset Management now owns 855 shares of the semiconductor manufacturer’s stock worth $296,000 after purchasing an additional 72 shares during the period. Ponta Wealth Partners LLC purchased a new stake in shares of Broadcom in the fourth quarter worth about $1,965,000. MA Private Wealth grew its holdings in Broadcom by 11.1% during the fourth quarter. MA Private Wealth now owns 2,607 shares of the semiconductor manufacturer’s stock worth $902,000 after acquiring an additional 261 shares during the period. Total Investment Management Inc. grew its holdings in Broadcom by 64.9% during the fourth quarter. Total Investment Management Inc. now owns 1,393 shares of the semiconductor manufacturer’s stock worth $482,000 after acquiring an additional 548 shares during the period. Finally, Indivisible Partners purchased a new position in Broadcom during the fourth quarter valued at approximately $5,865,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Citigroup restated a “buy” rating and issued a $500.00 price objective (up from $475.00) on shares of Broadcom in a research report on Tuesday. Weiss Ratings lowered Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Mizuho restated an “outperform” rating and issued a $480.00 price objective on shares of Broadcom in a research report on Thursday, April 16th. Wells Fargo & Company upgraded Broadcom from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $410.00 to $430.00 in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. raised their target price on Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Broadcom has an average rating of “Moderate Buy” and an average price target of $436.13.
Key Stories Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Citi raised its price target on Broadcom to $500 from $475 and kept a Buy rating, citing strong AI demand and expectations for another strong quarter. Citi Raises Broadcom Price Target to $500: AI Demand Sets Up Another Big April Quarter
- Positive Sentiment: Other Wall Street coverage also pointed to continued upside for Broadcom, reflecting optimism around its AI infrastructure exposure and earnings outlook. Wall Street sets Broadcom (AVGO) stock price for the next 12 months
- Positive Sentiment: Zacks highlighted Broadcom’s strong earnings-surprise history and said the company appears well-positioned to beat estimates again in its next report. Will Broadcom Inc. (AVGO) Beat Estimates Again in Its Next Earnings Report?
- Neutral Sentiment: Broadcom’s latest stock move also appears tied to a recent run-up, with one article saying investors were taking profits after a large AI-driven rally rather than reacting to a fundamental deterioration. Why analysts are bullish on Broadcom stock despite a 4% fall today?
- Neutral Sentiment: Several hedge-fund and institutional filings showed mixed activity in Broadcom, with some firms trimming holdings while Mirova US LLC added shares; these moves are notable but not necessarily a direct signal on the company’s fundamentals. PRIMECAP Management Co trims Broadcom stake by 12,410 shares Cincinnati Specialty Underwriters slashes Broadcom stake by 207K shares Mirova US LLC Boosts Broadcom Stake by 183,850 Shares
Broadcom Trading Down 2.1%
AVGO stock opened at $419.30 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a 12-month low of $221.60 and a 12-month high of $437.68. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 81.89, a PEG ratio of 0.89 and a beta of 1.43. The business’s 50-day moving average is $358.98 and its 200 day moving average is $353.01.
Broadcom (NASDAQ:AVGO – Get Free Report) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.60 EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current fiscal year.
Broadcom Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 0.6%. Broadcom’s dividend payout ratio is currently 50.78%.
Insiders Place Their Bets
In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the sale, the insider owned 278,141 shares of the company’s stock, valued at $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kirsten M. Spears sold 36,292 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the sale, the chief financial officer directly owned 327,760 shares in the company, valued at approximately $105,407,616. The trade was a 9.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 324,282 shares of company stock valued at $106,425,249. Insiders own 1.90% of the company’s stock.
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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