Flossbach Von Storch SE Acquires 152,070 Shares of Broadcom Inc. $AVGO

Flossbach Von Storch SE increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 144.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 257,267 shares of the semiconductor manufacturer’s stock after acquiring an additional 152,070 shares during the quarter. Flossbach Von Storch SE’s holdings in Broadcom were worth $70,916,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AVGO. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth about $25,000. Sawyer & Company Inc raised its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new stake in Broadcom during the second quarter worth approximately $28,000. LGT Financial Advisors LLC bought a new stake in shares of Broadcom during the second quarter worth approximately $31,000. Finally, Greenline Partners LLC acquired a new position in shares of Broadcom in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,218,280. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Performance

Shares of Broadcom stock opened at $355.22 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.68 trillion, a PE ratio of 90.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19. The company has a 50 day moving average of $348.26 and a 200-day moving average of $293.39. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48.

Broadcom (NASDAQ:AVGO) last announced 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. The business had revenue of $15.95 billion during 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 was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup reissued a “buy” rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Benchmark lifted their target price on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Argus upped their price target on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. KeyCorp set a $460.00 price target on shares of Broadcom in a research report on Monday, October 13th. Finally, Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has an average rating of “Buy” and an average target price of $372.52.

Broadcom 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.