BDF Gestion Has $33.35 Million Stake in Broadcom Inc. $AVGO

BDF Gestion decreased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,968 shares of the semiconductor manufacturer’s stock after selling 1,604 shares during the period. Broadcom comprises approximately 3.7% of BDF Gestion’s holdings, making the stock its 5th largest holding. BDF Gestion’s holdings in Broadcom were worth $33,345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sawyer & Company Inc increased its stake in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in Broadcom in the fourth quarter worth $30,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the first quarter worth $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom during the first quarter valued at $25,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Broadcom during the first quarter valued at $26,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 0.1%

NASDAQ AVGO opened at $344.94 on Monday. The business has a fifty day moving average price of $308.05 and a 200 day moving average price of $248.20. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The company has a market cap of $1.63 trillion, a P/E ratio of 87.99, a P/E/G ratio of 1.91 and a beta of 1.16.

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

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s dividend payout ratio is presently 60.20%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Rosenblatt Securities raised their price target on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Redburn Atlantic assumed coverage on Broadcom in a research note on Wednesday, May 28th. They set a “buy” rating and a $301.00 price target on the stock. Cowen restated a “buy” rating on shares of Broadcom in a research note on Friday, June 6th. Wells Fargo & Company raised their price target on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Finally, TD Cowen raised their price target on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has an average rating of “Buy” and an average price target of $356.48.

Insider Buying and Selling

In related news, Director Harry L. You bought 500 shares of the stock in a transaction on Wednesday, September 10th. The stock was bought at an average price of $363.38 per share, with a total value of $181,690.00. Following the completion of the purchase, the director directly owned 35,602 shares in the company, valued at $12,937,054.76. This represents a 1.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 790,522 shares worth $224,295,124. Corporate 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.