Machina Capital S.A.S. Increases Position in Broadcom Inc. $AVGO

Machina Capital S.A.S. raised its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 177.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,379 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,313 shares during the period. Broadcom comprises 1.3% of Machina Capital S.A.S.’s portfolio, making the stock its 3rd biggest position. Machina Capital S.A.S.’s holdings in Broadcom were worth $6,169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cheviot Value Management LLC purchased a new stake in shares of Broadcom in the 1st quarter worth approximately $25,000. Sawyer & Company Inc raised its stake in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in Broadcom during the second quarter worth $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom during the 2nd quarter valued at $31,000. Finally, Greenline Partners LLC purchased a new position in shares of Broadcom in the 1st quarter valued at $33,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 1.7%

AVGO stock opened at $349.43 on Friday. The stock has a market capitalization of $1.65 trillion, a PE ratio of 89.14, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $344.91 and a 200 day moving average of $289.00.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter last year, the company posted $1.24 earnings per share. The business’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

Insiders Place Their Bets

In related news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AVGO. Piper Sandler upped their price objective on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Mizuho set a $435.00 price target on shares of Broadcom and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Citigroup reaffirmed a “buy” rating and issued a $415.00 price objective (up previously from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Evercore ISI increased their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, TD Cowen raised their target price on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Broadcom presently has a consensus rating of “Buy” and an average target price of $372.52.

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.