Broadcom Inc. $AVGO Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 483,442,939 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,222,802 shares during the period. Broadcom comprises approximately 2.2% of Vanguard Group Inc.’s portfolio, making the stock its 6th biggest position. Vanguard Group Inc. owned about 10.28% of Broadcom worth $133,261,046,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Broadcom by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock valued at $29,827,649,000 after acquiring an additional 2,226,585 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock worth $10,968,270,000 after acquiring an additional 17,985,046 shares in the last quarter. Nuveen LLC bought a new stake in shares of Broadcom in the 1st quarter worth $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Broadcom by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer’s stock valued at $5,900,814,000 after purchasing an additional 842,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Broadcom by 3.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer’s stock valued at $5,668,134,000 after purchasing an additional 1,043,948 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 16,558 shares of the 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 sale, the insider 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 accessible through the SEC website. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction on Friday, November 14th. The shares were sold at an average price of $331.14, for a total value of $264,912.00. Following the sale, the director directly owned 21,382 shares of the company’s stock, valued at $7,080,435.48. This represents a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Macquarie started coverage on shares of Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective for the company. UBS Group set a $415.00 target price on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Argus upped their target price on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Sanford C. Bernstein increased their price target on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Finally, Rosenblatt Securities lifted their price target on Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Broadcom presently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $354.42 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The stock has a market cap of $1.67 trillion, a PE ratio of 90.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. The stock has a fifty day moving average of $348.80 and a 200-day moving average of $298.58.

Broadcom (NASDAQ:AVGO) last issued 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 business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter last year, the company earned $1.24 EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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