Broadcom Inc. $AVGO Position Increased by Eventide Asset Management LLC

Eventide Asset Management LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,587 shares of the semiconductor manufacturer’s stock after buying an additional 2,810 shares during the quarter. Eventide Asset Management LLC’s holdings in Broadcom were worth $5,298,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. PARUS FINANCE UK Ltd lifted its position in Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after purchasing an additional 64,038 shares during the last quarter. Keener Financial Planning LLC raised its holdings in shares of Broadcom by 34.8% during the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock valued at $149,000 after buying an additional 230 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in shares of Broadcom by 5.6% during the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock valued at $6,365,000 after buying an additional 2,016 shares during the last quarter. OMNI 360 Wealth Inc. boosted its position in shares of Broadcom by 51.6% during the first quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer’s stock worth $499,000 after buying an additional 1,014 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Broadcom by 1.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 54,406 shares of the semiconductor manufacturer’s stock worth $9,109,000 after buying an additional 700 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Broadcom

In other news, CEO Hock E. Tan sold 117,758 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $252.91, for a total value of $29,782,175.78. Following the completion of the sale, the chief executive officer directly owned 1,014,152 shares of the company’s stock, valued at $256,489,182.32. This represents a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry Samueli sold 473,898 shares of the business’s 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 transaction, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock valued at $217,286,457 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Broadcom Price Performance

AVGO stock opened at $306.10 on Friday. Broadcom Inc. has a one year low of $134.90 and a one year high of $317.35. The firm has a 50-day moving average of $290.78 and a two-hundred day moving average of $236.51. The firm has a market capitalization of $1.44 trillion, a PE ratio of 114.64, a P/E/G ratio of 2.15 and a beta of 1.16. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the business earned $1.24 earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is presently 88.39%.

Analyst Ratings Changes

Several analysts have weighed in on AVGO shares. KeyCorp lifted their target price on Broadcom from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Morgan Stanley increased their target price on shares of Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup boosted their price target on shares of Broadcom from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Three investment 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 company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $304.17.

About Broadcom

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.