Broadcom Inc. $AVGO is IFM Investors Pty Ltd’s 9th Largest Position

IFM Investors Pty Ltd lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 0.5% in the first quarter, HoldingsChannel reports. The firm owned 842,741 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,974 shares during the quarter. Broadcom accounts for 1.5% of IFM Investors Pty Ltd’s portfolio, making the stock its 9th largest position. IFM Investors Pty Ltd’s holdings in Broadcom were worth $141,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom in the first quarter valued at $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom in the first quarter valued at $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom during the first quarter worth $26,000. Sunbeam Capital Management LLC purchased a new position in Broadcom during the fourth quarter worth $28,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Broadcom during the fourth quarter worth $30,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

In other news, Director Henry Samueli sold 473,898 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Justine Page sold 800 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total value of $245,968.00. Following the transaction, the director owned 23,782 shares in the company, valued at $7,312,013.72. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 820,516 shares of company stock worth $214,757,657. 2.00% of the stock is currently owned by insiders.

Broadcom Stock Performance

AVGO stock opened at $336.67 on Wednesday. The firm has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.89, a PEG ratio of 1.89 and a beta of 1.16. The firm has a 50-day simple moving average of $294.92 and a two-hundred day simple moving average of $238.95. Broadcom Inc. has a one year low of $138.10 and a one year high of $356.34. 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 (NASDAQ:AVGO) last posted its quarterly earnings data 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 firm had revenue of $15.95 billion for 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%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the subject of several recent analyst reports. Arete Research raised shares of Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Erste Group Bank raised shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Piper Sandler boosted their target price on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Argus boosted their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday. Finally, Sanford C. Bernstein boosted their target price on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $351.92.

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.