Atalanta Sosnoff Capital LLC Has $97.68 Million Stock Holdings in Broadcom Inc. $AVGO

Atalanta Sosnoff Capital LLC lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 15.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 583,383 shares of the semiconductor manufacturer’s stock after selling 109,306 shares during the quarter. Broadcom comprises about 2.3% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 14th biggest position. Atalanta Sosnoff Capital LLC’s holdings in Broadcom were worth $97,676,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Broadcom by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer’s stock worth $79,900,968,000 after buying an additional 2,085,534 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock worth $10,968,270,000 after buying an additional 17,985,046 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Broadcom during the 1st quarter worth about $6,649,117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Broadcom by 1.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer’s stock worth $7,975,616,000 after buying an additional 581,704 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Broadcom by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer’s stock worth $5,668,134,000 after buying an additional 1,043,948 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several analyst reports. Citigroup lifted their price objective on shares of Broadcom from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. HSBC upgraded shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Tuesday, June 24th. Oppenheimer reiterated an “outperform” rating and issued a $325.00 price objective (up previously from $305.00) on shares of Broadcom in a research note on Thursday, August 28th. Finally, Hsbc Global Res upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $302.58.

Broadcom Price Performance

AVGO stock opened at $298.24 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a 12 month low of $134.90 and a 12 month high of $317.35. The firm has a market cap of $1.40 trillion, a P/E ratio of 111.70, a P/E/G ratio of 2.11 and a beta of 1.16. The company’s 50-day moving average price is $289.30 and its two-hundred day moving average price is $235.55.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The firm had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. During the same period last year, the firm earned $10.96 EPS. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. Broadcom has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Activity at Broadcom

In related news, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the sale, the director directly owned 33,352 shares of the company’s stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the sale, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock worth $217,286,457 in the last ninety days. Insiders own 2.00% of the company’s stock.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.