Marsico Capital Management LLC Invests $15.33 Million in Broadcom Inc. $AVGO

Marsico Capital Management LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO) during the second quarter, according to its most recent filing with the SEC. The firm purchased 55,617 shares of the semiconductor manufacturer’s stock, valued at approximately $15,331,000.

A number of other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after buying an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares in the last quarter. United Bank raised its holdings in Broadcom by 76.5% during the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after buying an additional 1,014 shares during the period. Madison Asset Management LLC lifted its stake in Broadcom by 2.5% in the first quarter. Madison Asset Management LLC now owns 2,548 shares of the semiconductor manufacturer’s stock valued at $427,000 after buying an additional 63 shares in the last quarter. Finally, Principle Wealth Partners LLC boosted its holdings in shares of Broadcom by 18.5% in the first quarter. Principle Wealth Partners LLC now owns 3,485 shares of the semiconductor manufacturer’s stock valued at $584,000 after buying an additional 544 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Down 1.9%

NASDAQ AVGO opened at $340.20 on Friday. The company has a market cap of $1.61 trillion, a price-to-earnings ratio of 86.79, a PEG ratio of 1.19 and a beta of 1.19. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $348.15 and a 200-day moving average of $299.89.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during 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 period in the prior year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is 60.20%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AVGO shares. Sanford C. Bernstein increased their target price on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Mizuho set a $435.00 price target on Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. TD Cowen raised their price target on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Barclays set a $450.00 price objective on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, Rosenblatt Securities raised their target price on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. 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 MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $374.21.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the transaction, the insider owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. Insiders own 2.00% of the company’s stock.

About Broadcom

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.