2,453 Shares in Broadcom Inc. $AVGO Acquired by Schuylkill Financial LLC

Key Points

• Schuylkill Financial LLC acquired 2,453 Broadcom shares during the second quarter, valued at approximately $927,000. Institutional investors collectively own 76.43% of AVGO.
• Broadcom reported strong quarterly results, with revenue rising 85.5% year over year to $29.59 billion and earnings of $3.32 per share, exceeding analyst expectations. The company also declared a quarterly dividend of $0.65 per share.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $509.04 price target, though concerns persist over valuation, customer concentration, execution and the sustainability of AI spending; insiders sold more than $22.7 million in shares last quarter.

Schuylkill Financial LLC bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,453 shares of the semiconductor manufacturer's stock, valued at approximately $927,000.

Several other large investors have also added to or reduced their stakes in AVGO. NBH Bank purchased a new stake in shares of Broadcom during the second quarter worth about $2,264,000. AlphaGrep UK Ltd purchased a new position in Broadcom in the 2nd quarter worth approximately $720,000. Gainline Financial Partners LLC purchased a new position in Broadcom in the 2nd quarter worth approximately $1,579,000. William John Sempolinski bought a new position in Broadcom in the 2nd quarter worth approximately $1,165,000. Finally, Succession Financial Inc. bought a new position in Broadcom in the 2nd quarter worth approximately $243,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom remains a favored way to gain exposure to AI while receiving dividend income. Its custom AI-chip business is expected to continue expanding rapidly as hyperscalers and AI companies build additional computing capacity. 3 Stocks That Offer AI Exposure and Dividends
• Positive Sentiment: CEO Hock Tan reportedly said demand already exceeds Broadcom’s $115 billion AI forecast, with AI revenue projected to double in fiscal 2027 and again in 2028. Accelerating shipments of Ironwood chips to Anthropic could further strengthen Broadcom’s custom-hardware opportunity. Broadcom CEO Hock Tan Says Demand Already Exceeds Broadcom’s $115 Billion AI Forecast
• Positive Sentiment: Mizuho analyst Vijay Rakesh expects AVGO to rally toward a new all-time high over the next 12 months, supporting the longer-term bullish case despite recent weakness. Wall Street Sets Broadcom Stock Price for the Next 12 Months
• Neutral Sentiment: Analyst commentary remains divided: Broadcom is viewed as a major beneficiary of AI demand, but Vertiv is considered better positioned on valuation, earnings momentum and near-term upside. Vertiv vs. Broadcom: Which AI Infrastructure Stock Has More Upside?
• Negative Sentiment: Investors are questioning whether AI spending can maintain its current pace. Broadcom also faces concerns about elevated valuation, customer concentration, margins and execution, while reports cite a failure to meet Wall Street’s fiscal fourth-quarter revenue expectations. Marvell Falls as AI Pacing Debate Collides With Fed Week

Insider Buying and Selling

In other news, Director Gayla J. Delly sold 1,890 shares of the firm's stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares of the company's stock, valued at $12,072,413.88. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Brazeal sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the sale, the insider directly owned 194,989 shares of the company's stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 58,317 shares of company stock worth $22,745,733. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AVGO shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $515.00 price objective (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. Rosenblatt Securities initiated coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set a "buy" rating and a $600.00 target price for the company. Piper Sandler started coverage on shares of Broadcom in a research note on Wednesday, September 9th. They set an "overweight" rating and a $460.00 target price for the company. Morgan Stanley reaffirmed an "overweight" rating and set a $505.00 target price (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. Finally, Fox Advisors upgraded shares of Broadcom to an "outperform" rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $509.04.

Broadcom Price Performance

AVGO stock opened at $344.72 on Tuesday. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $382.45 and a two-hundred day simple moving average of $378.79. The firm has a market capitalization of $1.65 trillion, a P/E ratio of 44.03 and a beta of 1.44.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the firm posted $1.69 EPS. The business's quarterly revenue was up 85.5% on a year-over-year basis. Analysts anticipate that Broadcom Inc. will post 10.36 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a $0.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom's dividend payout ratio (DPR) is currently 33.21%.

Broadcom Profile

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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