Mizuho Securities Co. Ltd. Buys 630 Shares of Broadcom Inc. $AVGO

Mizuho Securities Co. Ltd. boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 370.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 800 shares of the semiconductor manufacturer’s stock after acquiring an additional 630 shares during the period. Broadcom accounts for about 0.8% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 24th largest position. Mizuho Securities Co. Ltd.’s holdings in Broadcom were worth $221,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AVGO. Nuveen LLC purchased a new position in shares of Broadcom during the 1st quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD raised its holdings in Broadcom by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares during the period. Vanguard Group Inc. raised its holdings in Broadcom by 1.3% during the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock valued at $133,261,046,000 after acquiring an additional 6,222,802 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock valued at $5,333,384,000 after acquiring an additional 4,550,647 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Broadcom by 36.9% in the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after acquiring an additional 4,245,345 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares in the company, valued at $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the sale, the chief executive officer directly owned 825,998 shares in the company, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AVGO. The Goldman Sachs Group reissued a “buy” rating and set a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Macquarie initiated coverage on shares of Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective on the stock. TD Cowen upped their target price on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Arete Research raised shares of Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $374.21.

Broadcom Trading Down 1.9%

AVGO opened at $340.20 on Friday. The stock has a 50-day moving average of $348.15 and a 200 day moving average of $299.89. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $386.48. The firm has a market cap of $1.61 trillion, a P/E ratio of 86.79, a P/E/G ratio of 1.19 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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. The business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

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.