Dorsey Wright & Associates Has $7.92 Million Stake in Broadcom Inc. $AVGO

Dorsey Wright & Associates lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 28,742 shares of the semiconductor manufacturer’s stock after buying an additional 1,484 shares during the period. Broadcom comprises about 1.9% of Dorsey Wright & Associates’ holdings, making the stock its 10th largest position. Dorsey Wright & Associates’ holdings in Broadcom were worth $7,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its position in Broadcom by 10.4% in 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 during the last quarter. United Bank boosted its stake in Broadcom by 76.5% during the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock valued at $392,000 after purchasing an additional 1,014 shares during the period. Madison Asset Management LLC grew its position in Broadcom by 2.5% in the 1st quarter. Madison Asset Management LLC now owns 2,548 shares of the semiconductor manufacturer’s stock worth $427,000 after purchasing an additional 63 shares during the last quarter. Finally, Triumph Capital Management bought a new position in Broadcom in the 1st quarter worth about $371,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $346.82 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month 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 firm has a 50-day moving average of $348.54 and a two-hundred day moving average of $298.92. The company has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 88.47, a PEG ratio of 1.21 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is 60.20%.

Insider Activity at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Justine Page sold 800 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $331.14, for a total value of $264,912.00. Following the sale, the director directly owned 21,382 shares in the company, valued at $7,080,435.48. This trade represents a 3.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AVGO shares. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Barclays set a $450.00 target price on Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price target on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Bank of America increased their price target on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Oppenheimer restated an “outperform” rating and set a $360.00 price objective (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Three investment 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 data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $374.21.

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.