Police & Firemen s Retirement System of New Jersey Has $193.31 Million Stock Position in Broadcom Inc. $AVGO

Police & Firemen s Retirement System of New Jersey grew its position in Broadcom Inc. (NASDAQ:AVGO) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 701,288 shares of the semiconductor manufacturer’s stock after purchasing an additional 31,698 shares during the period. Broadcom comprises approximately 1.8% of Police & Firemen s Retirement System of New Jersey’s holdings, making the stock its 6th biggest holding. Police & Firemen s Retirement System of New Jersey’s holdings in Broadcom were worth $193,310,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Broadcom by 0.4% in the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer’s stock valued at $79,900,968,000 after buying an additional 2,085,534 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Broadcom by 2.1% during the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock worth $29,827,649,000 after buying an additional 2,226,585 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares during the last quarter. Nuveen LLC acquired a new position in shares of Broadcom in the 1st quarter worth approximately $6,649,117,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Broadcom by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer’s stock worth $5,900,814,000 after acquiring an additional 842,088 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In related news, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AVGO shares. Evercore ISI boosted their price objective on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Piper Sandler lifted their price target on Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Sanford C. Bernstein increased their price objective on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Mizuho set a $435.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Finally, Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Three equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Stock Up 0.7%

Shares of NASDAQ:AVGO opened at $342.46 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a market cap of $1.62 trillion, a price-to-earnings ratio of 87.36, a P/E/G ratio of 1.38 and a beta of 1.19. The company has a 50 day moving average of $349.09 and a 200-day moving average of $295.48. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period in the prior year, the business posted $1.24 earnings per share. Broadcom’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.59 dividend. 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 (DPR) is currently 60.20%.

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.