Natixis Advisors LLC Acquires 204,366 Shares of Broadcom Inc. $AVGO
by Renee Jackson · The Cerbat GemNatixis Advisors LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 5.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,898,757 shares of the semiconductor manufacturer’s stock after buying an additional 204,366 shares during the quarter. Broadcom makes up approximately 1.9% of Natixis Advisors LLC’s holdings, making the stock its 6th largest holding. Natixis Advisors LLC’s holdings in Broadcom were worth $1,349,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in AVGO. Miller Global Investments LLC acquired a new position in Broadcom during the 4th quarter valued at about $31,000. Nvest Wealth Strategies Inc. acquired a new position in Broadcom during the 4th quarter valued at about $33,000. Family CFO Inc acquired a new position in Broadcom during the 4th quarter valued at about $35,000. PayPay Securities Corp increased its position in Broadcom by 88.9% during the 4th quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer’s stock valued at $41,000 after buying an additional 56 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in Broadcom during the 4th quarter valued at about $45,000. 76.43% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Broadcom
In other news, insider S. Ram Velaga sold 8,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $370.52, for a total value of $2,964,160.00. Following the sale, the insider owned 57,932 shares in the company, valued at $21,464,964.64. This represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gayla J. Delly sold 1,000 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the sale, the director owned 32,352 shares in the company, valued at $11,592,045.12. The trade was a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is owned by insiders.
Broadcom Stock Down 7.9%
Shares of AVGO stock opened at $385.73 on Friday. The stock’s 50-day simple moving average is $396.22 and its 200-day simple moving average is $361.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.73 and a current ratio of 2.24. The firm has a market capitalization of $1.83 trillion, a PE ratio of 64.29, a P/E/G ratio of 0.86 and a beta of 1.41. Broadcom Inc. has a fifty-two week low of $241.11 and a fifty-two week high of $495.00.
Broadcom (NASDAQ:AVGO – Get Free Report) last issued its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. The company’s revenue was up 47.9% compared to the same quarter last year. Equities analysts expect that Broadcom Inc. will post 9.97 earnings per share for the current year.
Broadcom Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be paid a $0.65 dividend. The ex-dividend date is Monday, June 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is presently 43.33%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $525.00 price objective on shares of Broadcom in a report on Thursday. KeyCorp reissued an “overweight” rating and issued a $575.00 price objective (up from $500.00) on shares of Broadcom in a report on Thursday. Truist Financial increased their price objective on Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen reissued a “buy” rating and issued a $500.00 price objective on shares of Broadcom in a report on Thursday. Finally, Susquehanna reissued a “positive” rating and issued a $490.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $490.13.
Get Our Latest Stock Analysis on AVGO
Key Stories Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom posted record quarterly revenue, beat earnings estimates, and said AI semiconductor demand remains strong, supporting the long-term growth story. Broadcom Q2 Earnings Surpasses Estimates, Revenues Surge Y/Y
- Positive Sentiment: Several analysts remain bullish and raised price targets after the pullback, arguing the market is overreacting to expectations rather than fundamentals. Goldman Sachs urges investors to buy Broadcom dip with still AI revenue trajectory intact
- Positive Sentiment: Management still expects AI revenue to reach $56 billion in fiscal 2026 and more than $100 billion in fiscal 2027, keeping the longer-term AI thesis intact. AVGO Shares Drop 13% Post Q2 Results: Buy, Sell or Hold on the Dip?
- Neutral Sentiment: Broadcom also declared a quarterly dividend, which is supportive for income investors but not a major near-term stock driver.
- Negative Sentiment: The stock is under pressure because the AI outlook, while strong, was not upgraded enough to satisfy investors who had priced in an even bigger upside surprise. Broadcom’s sales and AI chip forecast comes in below expectations, shares tumble
- Negative Sentiment: The disappointment has spilled over into the semiconductor sector, pressuring peers such as AMD, Intel, Micron, and Marvell as investors reassess AI trade valuations. Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook
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.
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