80,607 Shares in Broadcom Inc. $AVGO Bought by Emerald Investment Advisers LLC

Key Points

• Emerald Investment Advisers bought 80,607 Broadcom shares worth approximately $30.45 million, making AVGO its fifth-largest holding at about 2% of the portfolio. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom’s latest quarter exceeded expectations, with revenue up 85.5% year over year to $29.59 billion and EPS of $3.32 versus the $3.22 consensus. AI semiconductor revenue surged 221% to $16.7 billion.
• Management forecast fourth-quarter revenue of roughly $34.8 billion, slightly below Wall Street expectations, while the stock trades at an elevated valuation of about 61 times earnings; analysts nevertheless maintain a “Moderate Buy” consensus with a $491.97 price target.

Emerald Investment Advisers LLC purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 80,607 shares of the semiconductor manufacturer's stock, valued at approximately $30,449,000. Broadcom makes up approximately 2.0% of Emerald Investment Advisers LLC's holdings, making the stock its 5th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ROSS JOHNSON & Associates LLC boosted its holdings in Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. SWAN Capital LLC increased its position in shares of Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Networth Advisors LLC increased its position in shares of Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Harborfront Financial Group LLC bought a new position in Broadcom during the 2nd quarter valued at about $38,000. Finally, Cherry Tree Wealth Management LLC boosted its position in Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock valued at $45,000 after buying an additional 40 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

Broadcom stock opened at $367.24 on Thursday. The business's 50-day simple moving average is $384.15 and its 200 day simple moving average is $377.14. The stock has a market cap of $1.75 trillion, a price-to-earnings ratio of 61.21, a P/E/G ratio of 0.71 and a beta of 1.44. Broadcom Inc. has a 12-month low of $289.96 and a 12-month 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.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. During the same period in the previous year, the business posted $1.69 EPS. The company's quarterly revenue was up 85.5% compared to the same quarter last year. As a group, research analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 1,602 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the transaction, the director directly owned 17,426 shares of the company's stock, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark David 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 transaction of $10,033,250.00. Following the completion of the transaction, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 61,644 shares of company stock worth $24,016,214 in the last 90 days. Corporate insiders own 1.90% of the company's stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.59 billion, up 85.5% year over year, while non-GAAP EPS of $3.32 exceeded the $3.22 analyst consensus. GAAP profit rose sharply to $13.09 billion from $4.14 billion a year earlier. Broadcom third-quarter earnings report
• Positive Sentiment: AI semiconductor revenue reached $16.7 billion, increasing 221% year over year and 54% sequentially, highlighting strong demand for Broadcom’s custom AI accelerators. The company also generated $13.7 billion in free cash flow and declared a quarterly dividend of $0.65 per share. Broadcom AI semiconductor revenue and guidance
• Neutral Sentiment: Broadcom guided to approximately $34.8 billion in fourth-quarter revenue, representing 93% year-over-year growth, with non-GAAP operating margin of about 66%. The outlook still implies substantial growth, but management did not provide an EPS forecast in the reported guidance.
• Negative Sentiment: The fourth-quarter revenue forecast was below Wall Street expectations of roughly $35.0 billion to $35.03 billion. Investors viewed the shortfall as a sign that competition or execution risks could limit further gains from custom AI processors, particularly after the stock’s strong run and premium valuation. Reuters report on Broadcom guidance
• Negative Sentiment: Broadcom’s elevated valuation—approximately 61 times earnings—left little room for a merely solid outlook. Recent insider activity was also heavily weighted toward selling, although this is a secondary consideration compared with the earnings guidance.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Broadcom in a research note on Monday, August 3rd. TD Cowen reissued a "buy" rating and issued a $500.00 target price on shares of Broadcom in a report on Thursday, June 4th. Wells Fargo & Company restated an "overweight" rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Jefferies Financial Group set a $550.00 price target on Broadcom and gave the company a "buy" rating in a report on Thursday, June 4th. Finally, Morgan Stanley set a $502.00 price objective on Broadcom and gave the company an "overweight" rating in a research report on Thursday, June 4th. Twenty-nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $491.97.

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.

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