RB Capital Management LLC Acquires 753 Shares of Broadcom Inc. $AVGO

RB Capital Management LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.5% during the first quarter, HoldingsChannel.com reports. The firm owned 30,942 shares of the semiconductor manufacturer’s stock after buying an additional 753 shares during the period. Broadcom accounts for 1.2% of RB Capital Management LLC’s portfolio, making the stock its 19th largest position. RB Capital Management LLC’s holdings in Broadcom were worth $5,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Nuveen LLC bought a new position in Broadcom in the first quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD increased 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 worth $10,968,270,000 after buying an additional 17,985,046 shares during the period. GAMMA Investing LLC increased its position in shares of Broadcom by 18,179.3% in the first quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer’s stock valued at $2,892,548,000 after acquiring an additional 17,181,652 shares during the period. Goldman Sachs Group Inc. raised its position in Broadcom by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock valued at $5,333,384,000 after purchasing an additional 4,550,647 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Broadcom by 36.9% during the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock valued at $2,638,512,000 after acquiring an additional 4,245,345 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Trading Up 1.3%

Shares of AVGO stock opened at $298.01 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35. The stock’s 50-day moving average price is $284.66 and its 200-day moving average price is $233.28. The stock has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 111.61, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15.

Broadcom (NASDAQ:AVGO) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company earned $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. Equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

AVGO has been the subject of several research analyst reports. Erste Group Bank upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a report on Thursday, June 5th. Morgan Stanley set a $338.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Wells Fargo & Company lifted their target price on Broadcom from $230.00 to $255.00 and gave the stock an “equal weight” rating in a report on Friday, June 6th. Truist Financial set a $295.00 price objective on shares of Broadcom and gave the company a “buy” rating in a report on Friday, June 6th. Finally, Seaport Res Ptn raised Broadcom to a “strong-buy” rating in a report on Wednesday, April 30th. Three investment 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. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $300.96.

Insider Activity at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 36,350 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the completion of the sale, the chief financial officer owned 325,587 shares of the company’s stock, valued at $85,066,115.49. This trade represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hock E. Tan sold 40,000 shares of Broadcom stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares of the company’s stock, valued at approximately $129,540,070.44. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock worth $217,286,457 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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.