Advocacy Wealth Management LLC Invests $549,000 in Broadcom Inc. $AVGO

Advocacy Wealth Management LLC acquired a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,453 shares of the semiconductor manufacturer's stock, valued at approximately $549,000.

Other large investors have also added to or reduced their stakes in the company. BTG Pactual Asset Management US LLC grew its position in Broadcom by 179.4% in the second quarter. BTG Pactual Asset Management US LLC now owns 28,500 shares of the semiconductor manufacturer's stock valued at $10,766,000 after purchasing an additional 18,299 shares in the last quarter. Oarsman Capital Inc. increased its stake in Broadcom by 1.0% in the 2nd quarter. Oarsman Capital Inc. now owns 25,549 shares of the semiconductor manufacturer's stock valued at $9,651,000 after buying an additional 260 shares during the last quarter. Rothschild Capital Partners LLC lifted its position in Broadcom by 2.9% during the 2nd quarter. Rothschild Capital Partners LLC now owns 3,766 shares of the semiconductor manufacturer's stock worth $1,423,000 after buying an additional 107 shares in the last quarter. Fosun International Ltd boosted its stake in shares of Broadcom by 464.5% during the 2nd quarter. Fosun International Ltd now owns 8,597 shares of the semiconductor manufacturer's stock worth $3,248,000 after buying an additional 7,074 shares during the last quarter. Finally, Moore Capital Management LP raised its holdings in Broadcom by 1.8% during the second quarter. Moore Capital Management LP now owns 16,140 shares of the semiconductor manufacturer's stock worth $6,097,000 after acquiring an additional 288 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

Shares of AVGO opened at $360.83 on Friday. The company's 50-day moving average is $383.00 and its 200-day moving average is $378.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The firm has a market capitalization of $1.72 trillion, a PE ratio of 46.08 and a beta of 1.44. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00.

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

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom's payout ratio is currently 33.21%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported record AI semiconductor revenue of approximately $16.7 billion and projected that the business could generate about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Custom AI accelerators and networking products are benefiting from heavy spending by hyperscalers. Broadcom Q3 2026 earnings call transcript
• Positive Sentiment: OpenAI’s selection of Broadcom for its first custom AI chip reinforces the company’s position as a key supplier to major AI developers. OpenAI’s planned $750 billion of compute infrastructure spending through 2030 could expand the addressable market for Broadcom’s chips and connectivity technology. OpenAI compute spending article
• Positive Sentiment: Several analysts and investment articles continue to argue that Broadcom’s custom-silicon and networking exposure could support substantial long-term earnings growth, with some bullish scenarios implying a share price near $900. Wall Street’s broader outlook remains constructive despite the recent pullback. Wall Street Broadcom price target article
• Neutral Sentiment: Reported short-interest data shows zero shares sold short and a zero-day days-to-cover ratio, offering no meaningful evidence that short sellers are driving the stock’s recent weakness.
• Negative Sentiment: Broadcom’s fiscal fourth-quarter revenue outlook reportedly fell short of Wall Street expectations. That softer near-term forecast led Truist to reduce its price target, highlighting a mismatch between rapidly rising long-term AI projections and nearer-term revenue timing. Truist cuts Broadcom price target
• Negative Sentiment: Investors are also focused on valuation and competitive risks, including potential AI-chip efforts by Google, Samsung, and other suppliers. Rising Treasury yields make high-multiple growth stocks less attractive and increase the market’s demand for continued earnings beats.

Insider Transactions at Broadcom

In other news, insider Mark Brazeal sold 25,000 shares of the company's stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider owned 194,989 shares of the company's stock, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 1,602 shares of the company'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 completion of the transaction, the director directly owned 17,426 shares in the company, valued at $6,514,884.36. The trade was a 8.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 61,644 shares of company stock worth $24,016,214 over the last quarter. Company insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

AVGO has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Broadcom in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Wells Fargo & Company reiterated an "overweight" rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Fox Advisors raised Broadcom to an "outperform" rating in a research report on Thursday, September 3rd. Finally, Piper Sandler assumed coverage on Broadcom in a research note on Wednesday. They issued an "overweight" rating and a $460.00 price objective on the stock. Thirty analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus target price of $505.97.

Broadcom Company 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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