Rheos Capital Works Inc. Purchases 54,000 Shares of Broadcom Inc. $AVGO

Rheos Capital Works Inc. grew its position in Broadcom Inc. (NASDAQ:AVGO) by 34.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 212,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 54,000 shares during the period. Broadcom makes up 3.4% of Rheos Capital Works Inc.’s holdings, making the stock its 8th largest position. Rheos Capital Works Inc.’s holdings in Broadcom were worth $58,438,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its holdings in Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after buying an additional 756 shares during the period. GAMMA Investing LLC raised its holdings in shares of Broadcom by 9.2% in the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after buying an additional 8,672 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Broadcom by 3.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 2,733 shares of the semiconductor manufacturer’s stock valued at $458,000 after buying an additional 87 shares during the period. Finally, Continuum Advisory LLC raised its holdings in shares of Broadcom by 5.2% in the 1st quarter. Continuum Advisory LLC now owns 11,536 shares of the semiconductor manufacturer’s stock valued at $1,931,000 after buying an additional 571 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AVGO. Morgan Stanley set a $409.00 price objective on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. HSBC upgraded Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Tuesday, June 24th. Weiss Ratings downgraded Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. Finally, Argus boosted their price objective on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $372.52.

Broadcom Trading Down 1.9%

AVGO opened at $342.66 on Wednesday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The stock has a market capitalization of $1.62 trillion, a price-to-earnings ratio of 87.41, a PEG ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The business has a fifty day moving average price of $329.23 and a 200 day moving average price of $271.96.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the previous year, the firm posted $1.24 EPS. Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is presently 60.20%.

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.