Bank Julius Baer & Co. Ltd Zurich Has $654.36 Million Stock Holdings in Broadcom Inc. $AVGO

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 14.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,888,778 shares of the semiconductor manufacturer’s stock after purchasing an additional 243,093 shares during the quarter. Broadcom comprises about 1.8% of Bank Julius Baer & Co. Ltd Zurich’s portfolio, making the stock its 12th biggest holding. Bank Julius Baer & Co. Ltd Zurich’s holdings in Broadcom were worth $654,356,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Fourier Capital Management Ltd bought a new stake in shares of Broadcom in the 4th quarter valued at approximately $7,244,000. E Fund Management Hong Kong Co. Ltd. grew its position in Broadcom by 26.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 12,415 shares of the semiconductor manufacturer’s stock valued at $4,111,000 after acquiring an additional 2,564 shares during the period. Plancorp LLC raised its stake in Broadcom by 4.1% during the fourth quarter. Plancorp LLC now owns 11,641 shares of the semiconductor manufacturer’s stock worth $4,029,000 after acquiring an additional 462 shares in the last quarter. Baader Bank Aktiengesellschaft raised its stake in Broadcom by 98.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 29,242 shares of the semiconductor manufacturer’s stock worth $10,121,000 after acquiring an additional 14,516 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Broadcom by 22.9% during the fourth quarter. Allworth Financial LP now owns 441,839 shares of the semiconductor manufacturer’s stock worth $152,920,000 after acquiring an additional 82,263 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AVGO shares. Bank of America lowered their target price on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. UBS Group restated a “buy” rating and issued a $490.00 price target (up from $475.00) on shares of Broadcom in a research report on Monday. Morgan Stanley upped their price objective on shares of Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $500.00 price objective on shares of Broadcom in a report on Tuesday, April 7th. Finally, Citigroup reiterated a “buy” rating and issued a $500.00 target price (up from $475.00) on shares of Broadcom in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and a consensus price target of $448.10.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the transaction, the insider owned 278,141 shares of the company’s stock, valued at $89,450,145.60. This represents a 15.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the transaction, the chief financial officer owned 327,760 shares in the company, valued at $105,407,616. This represents a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 in the last three months. Insiders own 1.90% of the company’s stock.

Broadcom Stock Performance

AVGO stock opened at $411.07 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The company has a 50 day moving average price of $368.97 and a 200 day moving average price of $355.08. Broadcom Inc. has a fifty-two week low of $226.18 and a fifty-two week high of $442.36. The stock has a market capitalization of $1.95 trillion, a PE ratio of 80.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company’s revenue was up 29.5% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. Analysts forecast that Broadcom Inc. will post 9.97 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom’s dividend payout ratio is currently 50.78%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom renewed its long-running technology partnership with LSEG in a new five-year agreement centered on VMware Cloud Foundation, expanding Broadcom’s role in LSEG’s private cloud infrastructure and adding professional services revenue potential. LSEG renews Broadcom partnership to expand cloud infrastructure strategy (AVGO)
• Positive Sentiment: Wall Street remains bullish on AVGO, with recent analyst updates and price targets pointing to confidence in Broadcom’s AI-driven growth and leadership in semiconductor and infrastructure software. Wall Street sets Broadcom stock price target for next 12 months
• Neutral Sentiment: Recent coverage continues to highlight Broadcom as a major AI infrastructure beneficiary, with analysts favoring AVGO over some peers because of its strong AI revenue growth and broad demand trends. ALAB vs. AVGO: Which AI Infrastructure Stock Is the Better Buy Now?
• Neutral Sentiment: Broader market commentary and stock-search interest have kept AVGO in the spotlight, but these items do not point to a direct fundamental change. Investors Heavily Search Broadcom Inc. (AVGO): Here is What You Need to Know
• Negative Sentiment: AVGO had recently been trading lower at times, reflecting some profit-taking even as the longer-term story remains tied to AI and enterprise software growth. Broadcom Inc. (AVGO) Declines More Than Market: Some Information for Investors

Broadcom Company Profile

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.