Broadcom Inc. $AVGO Position Lifted by Genus Capital Management Inc.

Genus Capital Management Inc. lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 583.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 61,055 shares of the semiconductor manufacturer’s stock after acquiring an additional 52,120 shares during the period. Broadcom accounts for about 2.1% of Genus Capital Management Inc.’s investment portfolio, making the stock its 8th largest holding. Genus Capital Management Inc.’s holdings in Broadcom were worth $16,830,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trillium Asset Management LLC acquired a new position in Broadcom in the second quarter valued at $499,000. Simmons Bank grew its holdings in Broadcom by 1.1% in the 2nd quarter. Simmons Bank now owns 21,984 shares of the semiconductor manufacturer’s stock valued at $6,060,000 after buying an additional 232 shares during the period. Fourth Dimension Wealth LLC increased its stake in shares of Broadcom by 571.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 2,014 shares of the semiconductor manufacturer’s stock valued at $555,000 after acquiring an additional 1,714 shares during the last quarter. Arrowroot Family Office LLC purchased a new position in shares of Broadcom during the 2nd quarter worth about $254,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Broadcom by 17.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 73,571 shares of the semiconductor manufacturer’s stock worth $20,280,000 after acquiring an additional 11,041 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AVGO shares. Evercore ISI upped their price target on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. KeyCorp set a $460.00 price objective on shares of Broadcom in a research note on Monday, October 13th. Barclays set a $450.00 price objective on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Bank of America lifted their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Benchmark upped their price target on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Broadcom currently has a consensus rating of “Buy” and an average target price of $372.52.

Broadcom Stock Performance

NASDAQ:AVGO opened at $349.43 on Monday. The firm has a 50-day moving average of $344.91 and a two-hundred day moving average of $290.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a market cap of $1.65 trillion, a P/E ratio of 89.14, a PEG ratio of 1.41 and a beta of 1.19. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, research 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. Shareholders of record on Monday, September 22nd were given a $0.59 dividend. 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 presently 60.20%.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Corporate 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.