Generali Investments Management Co LLC Has $12.99 Million Stock Position in Broadcom Inc. $AVGO

Generali Investments Management Co LLC raised its position in Broadcom Inc. (NASDAQ:AVGO) by 37.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,189 shares of the semiconductor manufacturer’s stock after purchasing an additional 12,952 shares during the quarter. Broadcom accounts for approximately 2.9% of Generali Investments Management Co LLC’s holdings, making the stock its 7th largest holding. Generali Investments Management Co LLC’s holdings in Broadcom were worth $12,990,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AVGO. Cheviot Value Management LLC bought a new stake in Broadcom in the 1st quarter valued at approximately $25,000. Sawyer & Company Inc raised its holdings in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Broadcom in the second quarter worth $28,000. LGT Financial Advisors LLC bought a new stake in shares of Broadcom in the second quarter worth $31,000. Finally, New England Capital Financial Advisors LLC acquired a new position in Broadcom during the second quarter worth $31,000. 76.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Macquarie started coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target on the stock. Barclays set a $450.00 price objective on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Truist Financial upped their target price on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. JPMorgan Chase & Co. raised their price target on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Finally, Mizuho set a $435.00 price target on Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $372.52.

Broadcom Stock Down 0.6%

Broadcom stock opened at $340.50 on Wednesday. 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 company’s 50-day moving average is $349.10 and its 200-day moving average is $298.19. The firm has a market capitalization of $1.61 trillion, a PE ratio of 86.86, a P/E/G ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion during 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 revenue was up 22.0% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s payout ratio is presently 60.20%.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the transaction, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $331.14, for a total transaction 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. The trade was a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 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.

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.