Broadcom Inc. $AVGO Shares Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. grew its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 92.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,551,735 shares of the semiconductor manufacturer's stock after buying an additional 746,843 shares during the period. Broadcom accounts for about 1.3% of Panagora Asset Management Inc.'s holdings, making the stock its 10th biggest holding. Panagora Asset Management Inc.'s holdings in Broadcom were worth $259,807,000 as of its most recent filing with the Securities and Exchange Commission.

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Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of Broadcom by 86.5% during the 1st quarter. Activest Wealth Management now owns 1,932 shares of the semiconductor manufacturer's stock valued at $323,000 after purchasing an additional 896 shares in the last quarter. Totem Point Management LLC bought a new stake in shares of Broadcom during the 1st quarter valued at about $3,198,000. Aragon Global Management LP boosted its position in shares of Broadcom by 18.5% during the 1st quarter. Aragon Global Management LP now owns 64,920 shares of the semiconductor manufacturer's stock valued at $10,870,000 after purchasing an additional 10,140 shares in the last quarter. Stony Point Capital LLC boosted its position in shares of Broadcom by 181.1% during the 1st quarter. Stony Point Capital LLC now owns 160,766 shares of the semiconductor manufacturer's stock valued at $26,917,000 after purchasing an additional 103,568 shares in the last quarter. Finally, Analog Century Management LP boosted its position in shares of Broadcom by 8.1% during the 1st quarter. Analog Century Management LP now owns 451,035 shares of the semiconductor manufacturer's stock valued at $75,517,000 after purchasing an additional 33,609 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Stock Down 3.6%

Shares of NASDAQ:AVGO opened at $297.39 on Friday. The business's 50 day simple moving average is $287.74 and its two-hundred day simple moving average is $234.68. The firm has a market cap of $1.40 trillion, a P/E ratio of 111.38, a PEG ratio of 2.19 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35.

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Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. During the same quarter last year, the company earned $10.96 earnings per share. The company's revenue for the quarter was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom's dividend payout ratio (DPR) is currently 88.39%.

Analysts Set New Price Targets

• Broadcom Named in Apple’s $100B U.S. Investment Plan

Several equities research analysts recently commented on AVGO shares. Morgan Stanley set a $338.00 target price on Broadcom and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Wells Fargo & Company upped their target price on Broadcom from $230.00 to $255.00 and gave the company an "equal weight" rating in a research report on Friday, June 6th. Cantor Fitzgerald restated an "overweight" rating and set a $300.00 target price on shares of Broadcom in a research report on Friday, June 6th. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 price target on shares of Broadcom in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has a consensus rating of "Buy" and a consensus price target of $301.79.

Get Our Latest Report on Broadcom

Insider Buying and Selling

In other news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hock E. Tan sold 117,758 shares of the firm's 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 transaction, the chief executive officer owned 1,014,152 shares in the company, valued at $256,489,182.32. This represents a 10.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is currently owned by company insiders.

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.

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