Gotham Asset Management LLC Buys 54,818 Shares of Broadcom Inc. $AVGO

Gotham Asset Management LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 25.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 270,076 shares of the semiconductor manufacturer's stock after buying an additional 54,818 shares during the period. Broadcom accounts for approximately 0.4% of Gotham Asset Management LLC's portfolio, making the stock its 14th largest holding. Gotham Asset Management LLC's holdings in Broadcom were worth $45,219,000 at the end of the most recent reporting period.

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A number of other hedge funds and other institutional investors have also bought and sold shares of AVGO. Sunbeam Capital Management LLC bought a new position in shares of Broadcom in the fourth quarter worth $28,000. Vermillion Wealth Management Inc. bought a new position in shares of Broadcom in the fourth quarter worth $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the 1st quarter worth about $25,000. Cheviot Value Management LLC bought a new position in Broadcom in the 1st quarter worth about $25,000. Finally, Inlight Wealth Management LLC bought a new position in Broadcom in the 1st quarter worth about $26,000. Institutional investors own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AVGO. Redburn Atlantic began coverage on Broadcom in a research note on Wednesday, May 28th. They issued a "buy" rating and a $301.00 target price on the stock. Mizuho upped their price objective on shares of Broadcom from $315.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Barclays upped their price objective on shares of Broadcom from $215.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Susquehanna increased their price target on shares of Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a report on Friday, June 6th. Finally, Oppenheimer reissued an "outperform" rating and issued a $325.00 price target (up previously from $305.00) on shares of Broadcom in a report on Thursday, August 28th. Three equities 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 company. According to MarketBeat.com, Broadcom has a consensus rating of "Buy" and an average target price of $304.17.

• With Shares Near Highs, Here's to Watch in Broadcom's Q3 Report

Get Our Latest Report on AVGO

Insiders Place Their Bets

In related news, Director Gayla J. Delly sold 3,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director directly owned 33,352 shares of the company's stock, valued at $8,842,615.76. This trade represents a 8.25% 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 link. Also, Director Justine Page sold 800 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $307.46, for a total value of $245,968.00. Following the completion of the sale, the director directly owned 23,782 shares in the company, valued at $7,312,013.72. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by insiders.

Broadcom Stock Up 1.2%

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Shares of NASDAQ:AVGO opened at $306.10 on Friday. The stock's 50-day moving average price is $290.78 and its 200-day moving average price is $236.51. 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 Inc. has a 12-month low of $134.90 and a 12-month high of $317.35. The stock has a market capitalization of $1.44 trillion, a P/E ratio of 114.64, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16.

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

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. Broadcom's dividend payout ratio (DPR) is presently 88.39%.

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.

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