Broadcom Inc. $AVGO Shares Acquired by Westpac Banking Corp

Westpac Banking Corp grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,016 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,357 shares during the period. Broadcom makes up 2.0% of Westpac Banking Corp’s investment portfolio, making the stock its 7th biggest holding. Westpac Banking Corp’s holdings in Broadcom were worth $30,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AVGO. Integrated Quantitative Investments LLC bought a new stake in Broadcom in the 2nd quarter valued at about $582,000. ANB Bank increased its holdings in shares of Broadcom by 50.5% during the second quarter. ANB Bank now owns 3,401 shares of the semiconductor manufacturer’s stock valued at $937,000 after acquiring an additional 1,141 shares in the last quarter. Bell Investment Advisors Inc raised its position in shares of Broadcom by 12.3% during the second quarter. Bell Investment Advisors Inc now owns 1,608 shares of the semiconductor manufacturer’s stock worth $443,000 after purchasing an additional 176 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Broadcom by 7.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 361,068 shares of the semiconductor manufacturer’s stock worth $99,528,000 after purchasing an additional 25,126 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in Broadcom in the 2nd quarter valued at $289,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Down 0.6%

NASDAQ:AVGO opened at $340.50 on Wednesday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The firm has a 50-day moving average price of $349.10 and a two-hundred day moving average price of $298.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a market cap of $1.61 trillion, a price-to-earnings ratio of 86.86, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The firm 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 revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup restated a “buy” rating and set a $415.00 price objective (up previously from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. KeyCorp set a $460.00 target price on shares of Broadcom in a report on Monday, October 13th. JPMorgan Chase & Co. raised their price target on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadcom in a research note on Thursday, November 13th. Finally, Benchmark increased their price objective on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Broadcom presently has an average rating of “Buy” and a consensus target price of $372.52.

Insider Activity at Broadcom

In related news, insider Charlie B. Kawwas sold 3,893 shares of the business’s 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 transaction, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Justine Page sold 800 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $331.14, for a total transaction of $264,912.00. Following the transaction, the director owned 21,382 shares of the company’s stock, valued at approximately $7,080,435.48. The trade was a 3.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders purchased 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 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.