Broadcom Inc. $AVGO is Panagora Asset Management Inc.’s 10th Largest Position

Panagora Asset Management Inc. lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 92.8% in the first quarter, HoldingsChannel.com reports. The fund owned 1,551,735 shares of the semiconductor manufacturer’s stock after acquiring an additional 746,843 shares during the period. Broadcom makes up 1.3% of Panagora Asset Management Inc.’s investment portfolio, making the stock its 10th largest position. Panagora Asset Management Inc.’s holdings in Broadcom were worth $259,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. PARUS FINANCE UK Ltd increased its position in shares of Broadcom by 175.3% during the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after acquiring an additional 64,038 shares during the last quarter. Keener Financial Planning LLC increased its position in Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock worth $149,000 after buying an additional 230 shares during the last quarter. Diversify Wealth Management LLC increased its position in Broadcom by 5.6% in the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock worth $6,365,000 after buying an additional 2,016 shares during the last quarter. OMNI 360 Wealth Inc. increased its position in Broadcom by 51.6% in the first quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer’s stock worth $499,000 after buying an additional 1,014 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in Broadcom by 1.3% in the first quarter. Gamco Investors INC. ET AL now owns 54,406 shares of the semiconductor manufacturer’s stock worth $9,109,000 after buying an additional 700 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $297.39 on Friday. The stock has a market cap of $1.40 trillion, a PE ratio of 111.38, a price-to-earnings-growth ratio of 2.19 and a beta of 1.15. Broadcom Inc. has a fifty-two week low of $134.90 and a fifty-two week high of $317.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The stock has a fifty day moving average of $287.74 and a 200-day moving average of $234.68.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.01. The company had revenue of $15 billion during the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is currently 88.39%.

Insider Activity at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of Broadcom stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the sale, the director owned 23,782 shares of the company’s stock, valued at $7,312,013.72. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the sale, the director directly owned 38,188,575 shares of the company’s stock, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock valued at $217,286,457 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AVGO shares. Morgan Stanley set a $338.00 target price on Broadcom and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Mizuho raised their target price on Broadcom from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Cowen reissued a “buy” rating on shares of Broadcom in a research report on Friday, June 6th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $325.00 price target (up from $305.00) on shares of Broadcom in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $301.79.

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.