J. Safra Sarasin Holding AG Buys 12,933 Shares of Broadcom Inc. $AVGO

J. Safra Sarasin Holding AG increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.9% in the first quarter, HoldingsChannel reports. The firm owned 347,788 shares of the semiconductor manufacturer’s stock after buying an additional 12,933 shares during the period. Broadcom makes up approximately 1.8% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 12th largest position. J. Safra Sarasin Holding AG’s holdings in Broadcom were worth $107,258,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Hibernia Wealth Partners LLC grew its stake in Broadcom by 5.3% in the first quarter. Hibernia Wealth Partners LLC now owns 3,406 shares of the semiconductor manufacturer’s stock valued at $1,054,000 after purchasing an additional 171 shares during the last quarter. Applied Finance Capital Management LLC raised its holdings in Broadcom by 63.4% in the first quarter. Applied Finance Capital Management LLC now owns 51,271 shares of the semiconductor manufacturer’s stock worth $15,869,000 after purchasing an additional 19,886 shares in the last quarter. CORDA Investment Management LLC. lifted its position in shares of Broadcom by 0.7% during the first quarter. CORDA Investment Management LLC. now owns 5,298 shares of the semiconductor manufacturer’s stock valued at $1,640,000 after buying an additional 36 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Broadcom by 4.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 850,380 shares of the semiconductor manufacturer’s stock valued at $263,200,000 after buying an additional 37,060 shares during the last quarter. Finally, Persium Advisors LLC boosted its holdings in shares of Broadcom by 9.7% in the 1st quarter. Persium Advisors LLC now owns 2,588 shares of the semiconductor manufacturer’s stock valued at $801,000 after buying an additional 229 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Activity

In other news, Director Harry L. You purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the transaction, the director owned 38,466 shares in the company, valued at $14,369,743.62. This represents a 2.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,644 shares of company stock valued at $24,016,214 in the last quarter. Company insiders own 1.90% of the company’s stock.

Broadcom Stock Down 5.0%

Shares of AVGO opened at $374.45 on Friday. Broadcom Inc. has a 52 week low of $273.00 and a 52 week high of $495.00. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 62.41, a PEG ratio of 0.69 and a beta of 1.45. The stock’s 50-day moving average price is $402.47 and its 200-day moving average price is $365.27.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. During the same period last year, the business earned $1.58 earnings per share. Broadcom’s quarterly revenue was up 47.9% on a year-over-year basis. On average, sell-side analysts predict that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s payout ratio is 43.33%.

Analyst Ratings Changes

A number of research firms recently commented on AVGO. Susquehanna reissued a “positive” rating and set a $490.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Jefferies Financial Group set a $550.00 price target on Broadcom and gave the stock a “buy” rating in a research report on Thursday, June 4th. Zacks Research cut Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Oppenheimer restated an “outperform” rating and set a $535.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $515.00 target price (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and an average target price of $493.24.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom announced a long-term strategic commitment with Standard Chartered to modernize global banking infrastructure using a secure private cloud foundation, highlighting another enterprise customer win and supporting the company’s recurring infrastructure-software and semiconductor growth story. Standard Chartered Selects Broadcom to Deliver Secure, Always-On Banking Services at Global Scale
• Positive Sentiment: Multiple commentaries framed Broadcom as a core AI beneficiary, with articles saying its AI moat is expanding and that it remains one of the biggest winners from AI infrastructure spending. Broadcom’s AI Moat Keeps Expanding
• Positive Sentiment: Analysts have been boosting price targets despite recent weakness, suggesting Wall Street still expects meaningful upside if Broadcom’s AI and custom-chip momentum continues. As Shares Fall, Analyst Are Boosting Their Broadcom Price Targets
• Neutral Sentiment: Broadcom remains a frequent topic in bullish valuation pieces and long-term price-prediction articles, but these are mainly sentiment drivers rather than immediate catalysts. Price Prediction: Nvidia, AMD & Broadcom-Our Bold Price Predictions for 2029
• Negative Sentiment: Semiconductor shares sold off broadly on worries that AI capex growth may be slowing, and Broadcom was caught up in the sector-wide decline. Marvell Drops 8% as AI Capex Slowdown Fears Weigh on Chips; Broadcom, AMD, and Intel Slide
• Negative Sentiment: An insider sale by Broadcom executive Mark David Brazeal also weighed on sentiment, as investors often view large insider selling as a caution sign even when fundamentals remain strong. Broadcom Inc. (NASDAQ:AVGO) Insider Mark David Brazeal Sells 25,000 Shares

About Broadcom

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.