Trivest Advisors Ltd Takes Position in Broadcom Inc. $AVGO

Trivest Advisors Ltd bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 565,000 shares of the semiconductor manufacturer’s stock, valued at approximately $155,742,000. Broadcom makes up approximately 6.1% of Trivest Advisors Ltd’s investment portfolio, making the stock its 5th largest position.

Other hedge funds have also recently modified their holdings of the company. Resona Asset Management Co. Ltd. lifted its stake in Broadcom by 5.4% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 1,500,590 shares of the semiconductor manufacturer’s stock valued at $412,102,000 after buying an additional 76,679 shares in the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Broadcom by 22.3% during the second quarter. Atlantic Union Bankshares Corp now owns 192,864 shares of the semiconductor manufacturer’s stock valued at $53,162,000 after acquiring an additional 35,160 shares during the last quarter. Asahi Life Asset Management CO. LTD. raised its holdings in shares of Broadcom by 40.2% during the second quarter. Asahi Life Asset Management CO. LTD. now owns 9,590 shares of the semiconductor manufacturer’s stock valued at $2,643,000 after acquiring an additional 2,750 shares during the last quarter. SP Asset Management LLC lifted its position in shares of Broadcom by 1.4% in the second quarter. SP Asset Management LLC now owns 10,772 shares of the semiconductor manufacturer’s stock valued at $2,969,000 after acquiring an additional 144 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new stake in shares of Broadcom in the second quarter worth approximately $248,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Trading Down 1.7%

Shares of AVGO opened at $349.43 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The firm has a 50-day moving average price of $344.91 and a 200 day moving average price of $290.63. The firm has a market capitalization of $1.65 trillion, a P/E ratio of 89.14, a P/E/G ratio of 1.41 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current 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 given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AVGO. Sanford C. Bernstein boosted their price target on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Argus lifted their target price on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. UBS Group set a $415.00 target price on shares of Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Rosenblatt Securities raised their price target on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Bank of America boosted their price target on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research report 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $372.52.

Insider Transactions at Broadcom

In other Broadcom news, 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 value of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares in the company, valued at $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

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.