Broadcom Inc. $AVGO Shares Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 35.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,748 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,048 shares during the period. Redwood Investment Management LLC’s holdings in Broadcom were worth $1,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Sunbeam Capital Management LLC acquired a new stake in shares of Broadcom in the fourth quarter valued at $28,000. Vermillion Wealth Management Inc. bought a new stake in Broadcom in the fourth quarter worth about $30,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter valued at about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom during the 1st quarter valued at about $25,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter worth approximately $26,000. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on AVGO shares. Barclays increased their target price on shares of Broadcom from $215.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Seaport Res Ptn raised Broadcom to a “strong-buy” rating in a research note on Wednesday, April 30th. Susquehanna lifted their target price on Broadcom from $280.00 to $300.00 and gave the stock a “positive” rating in a report on Friday, June 6th. Oppenheimer boosted their target price on Broadcom from $265.00 to $305.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Finally, KeyCorp increased their price target on Broadcom from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $300.96.

Insiders Place Their Bets

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the business’s 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 transaction, the director owned 38,188,575 shares in the company, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the transaction, the insider directly owned 789,784 shares in the company, valued at approximately $199,720,577.92. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock valued at $217,286,457 in the last three months. Company insiders own 2.00% of the company’s stock.

Broadcom Price Performance

Shares of AVGO opened at $300.25 on Thursday. The business’s 50-day moving average is $285.64 and its 200-day moving average is $233.74. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The company has a market capitalization of $1.41 trillion, a price-to-earnings ratio of 112.45, a P/E/G ratio of 2.12 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.

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

Broadcom Dividend Announcement

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

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.