10,989 Shares in Broadcom Inc. $AVGO Acquired by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Broadcom Inc. (NASDAQ:AVGO) in the second quarter, HoldingsChannel.com reports. The firm purchased 10,989 shares of the semiconductor manufacturer’s stock, valued at approximately $3,029,000. Broadcom comprises 0.5% of Pinpoint Asset Management Singapore Pte. Ltd.’s holdings, making the stock its 26th biggest holding.

A number of other hedge funds also recently made changes to their positions in AVGO. Cheviot Value Management LLC acquired a new position in Broadcom in the 1st quarter worth $25,000. Sawyer & Company Inc grew its stake in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Broadcom during the second quarter valued at about $27,000. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom during the second quarter worth about $28,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Broadcom in the second quarter worth about $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Up 1.9%

Broadcom stock opened at $385.03 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a one year low of $138.10 and a one year high of $388.13. The company has a 50-day simple moving average of $348.93 and a 200-day simple moving average of $303.70. The firm has a market capitalization of $1.82 trillion, a P/E ratio of 98.22, a P/E/G ratio of 1.29 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the prior year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 0.6%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Insider Buying and Selling

In other news, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of recent analyst reports. Oppenheimer restated an “outperform” rating and set a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Wall Street Zen downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a research report on Sunday. Sanford C. Bernstein lifted their price target on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Macquarie started coverage on shares of Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus price target of $377.61.

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.