36,426 Shares in Broadcom Inc. $AVGO Bought by 111 Capital

111 Capital bought a new stake in Broadcom Inc. (NASDAQ:AVGO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,426 shares of the semiconductor manufacturer’s stock, valued at approximately $10,041,000. Broadcom comprises approximately 1.7% of 111 Capital’s investment portfolio, making the stock its 8th largest holding.

A number of other hedge funds have also made changes to their positions in AVGO. AIFG Consultants Ltd. purchased a new stake in shares of Broadcom in the 2nd quarter worth about $319,000. QRG Capital Management Inc. raised its position in Broadcom by 15.2% during the second quarter. QRG Capital Management Inc. now owns 1,015,200 shares of the semiconductor manufacturer’s stock worth $279,840,000 after acquiring an additional 134,249 shares during the last quarter. Successful Portfolios LLC purchased a new stake in shares of Broadcom in the second quarter valued at about $236,000. WT Asset Management Ltd purchased a new stake in shares of Broadcom in the second quarter valued at about $149,485,000. Finally, Single Point Partners LLC acquired a new stake in shares of Broadcom in the second quarter valued at approximately $225,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom

In other news, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was 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 in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. Insiders own 2.00% of the company’s stock.

Broadcom Price Performance

AVGO opened at $345.50 on Thursday. The company’s 50 day simple moving average is $320.89 and its 200 day simple moving average is $260.37. 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 1 year low of $138.10 and a 1 year high of $374.23. The stock has a market capitalization of $1.63 trillion, a PE ratio of 88.14, a P/E/G ratio of 1.86 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 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 firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. Broadcom’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, sell-side analysts expect 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. 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 yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Benchmark lifted their price objective on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Macquarie assumed coverage on Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target for the company. HSBC upgraded Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Tuesday, June 24th. Evercore ISI reissued an “outperform” rating and issued a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Finally, Barclays upped their target price on shares of Broadcom from $265.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $357.22.

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.