Dynamic Technology Lab Private Ltd Has $701,000 Stock Position in Broadcom Inc. $AVGO

Dynamic Technology Lab Private Ltd lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 83.2% during the second quarter, HoldingsChannel reports. The fund owned 2,543 shares of the semiconductor manufacturer’s stock after selling 12,579 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Broadcom were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Cheviot Value Management LLC acquired a new position in shares of Broadcom during the first quarter valued at about $25,000. Sawyer & Company Inc increased its stake in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new position in Broadcom in the 2nd quarter valued at approximately $28,000. LGT Financial Advisors LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $31,000. Finally, New England Capital Financial Advisors LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $31,000. 76.43% of the stock is owned by institutional investors.

Insider Activity at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider directly owned 25,295 shares of the company’s stock, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on AVGO shares. Truist Financial raised their target price on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Oppenheimer reissued an “outperform” rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Barclays set a $450.00 price target on shares of Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Evercore ISI upped their price objective on Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $374.21.

Broadcom Price Performance

NASDAQ:AVGO opened at $340.20 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.61 trillion, a PE ratio of 86.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $386.48. The company’s 50-day moving average price is $348.15 and its two-hundred day moving average price is $300.59.

Broadcom (NASDAQ:AVGO) last posted its 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. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Broadcom 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.