Gamco Investors INC. ET AL Purchases 700 Shares of Broadcom Inc. $AVGO

Gamco Investors INC. ET AL boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,406 shares of the semiconductor manufacturer’s stock after purchasing an additional 700 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Broadcom were worth $9,109,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Gabelli Funds LLC raised its holdings in Broadcom by 34.0% in the first quarter. Gabelli Funds LLC now owns 256,317 shares of the semiconductor manufacturer’s stock worth $42,915,000 after purchasing an additional 65,034 shares in the last quarter. Kitching Partners LLC bought a new position in Broadcom in the first quarter worth $216,000. FORA Capital LLC bought a new position in Broadcom in the first quarter worth $7,083,000. Harvest Portfolios Group Inc. raised its holdings in Broadcom by 40.6% in the first quarter. Harvest Portfolios Group Inc. now owns 277,580 shares of the semiconductor manufacturer’s stock worth $46,475,000 after purchasing an additional 80,191 shares in the last quarter. Finally, Orion Capital Management LLC raised its holdings in Broadcom by 7.3% in the first quarter. Orion Capital Management LLC now owns 1,175 shares of the semiconductor manufacturer’s stock worth $197,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AVGO. Arete Research upgraded Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Redburn Atlantic began coverage on Broadcom in a report on Wednesday, May 28th. They set a “buy” rating and a $301.00 price target for the company. Evercore ISI restated an “outperform” rating and set a $304.00 price target (up from $267.00) on shares of Broadcom in a report on Friday, June 6th. Rosenblatt Securities raised their price target on Broadcom from $223.00 to $340.00 and gave the company a “buy” rating in a report on Friday, June 6th. Finally, HSBC upgraded Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a report on Tuesday, June 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and an average target price of $300.96.

Broadcom Trading Up 1.3%

Broadcom stock opened at $298.01 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. Broadcom Inc. has a one year low of $134.90 and a one year high of $317.35. The stock has a market capitalization of $1.40 trillion, a PE ratio of 111.61, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The business’s fifty day moving average is $284.66 and its 200 day moving average is $233.28.

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

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were given 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 dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is 88.39%.

Insider Activity at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of the stock in a transaction 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 sale, the director directly owned 38,188,575 shares of the company’s stock, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gayla J. Delly sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the transaction, the director directly owned 33,352 shares in the company, valued at $8,842,615.76. The trade was a 8.25% 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 over the last three months. 2.00% of the stock is owned by insiders.

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.