Ameritas Advisory Services LLC Has $26.61 Million Stake in Broadcom Inc. $AVGO

Key Points

• Ameritas Advisory Services increased its Broadcom stake by 14% in the second quarter, bringing its holdings to 70,445 shares valued at approximately $26.61 million. Institutional investors collectively own 76.43% of Broadcom’s stock.
• Broadcom reported quarterly revenue of $29.59 billion, up 85.5% year over year, and earnings of $3.32 per share, exceeding analyst estimates. Management continues to point to durable AI and hyperscaler demand, though investors remain concerned about valuation, customer concentration and the sustainability of AI spending.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $509.04. Broadcom also announced a quarterly dividend of $0.65 per share, equivalent to a 0.8% annualized yield.

Ameritas Advisory Services LLC lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,445 shares of the semiconductor manufacturer's stock after acquiring an additional 8,673 shares during the quarter. Ameritas Advisory Services LLC's holdings in Broadcom were worth $26,611,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AVGO. Geode Capital Management LLC grew its holdings in shares of Broadcom by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer's stock worth $38,396,634,000 after purchasing an additional 1,548,699 shares during the last quarter. Norges Bank acquired a new position in Broadcom during the 4th quarter worth about $24,252,196,000. Bank of America Corp DE lifted its position in Broadcom by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer's stock worth $23,202,543,000 after buying an additional 2,685,916 shares in the last quarter. Wellington Management Group LLP grew its holdings in Broadcom by 3.8% during the 2nd quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer's stock worth $19,484,611,000 after acquiring an additional 1,892,721 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Broadcom by 2.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer's stock valued at $15,178,195,000 after acquiring an additional 1,140,598 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Buying and Selling

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the company's stock in a transaction 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 transaction, the insider directly owned 194,989 shares in the company, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 53,492 shares of company stock valued at $20,840,292. 1.90% of the stock is owned by insiders.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s CEO dismissed concerns about an AI slowdown and reaffirmed the company’s long-term revenue objectives, supporting management’s view that demand from hyperscale customers remains durable. Broadcom CEO dismisses AI slowdown concerns
• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $460 price target, estimating that demand for Broadcom’s AI inference ASICs is roughly twice available supply. The tight supply outlook could support pricing and future growth. Broadcom’s Real Constraint Isn’t Demand. It’s Supply.
• Positive Sentiment: Recent coverage highlighted a 221% year-over-year increase in AI revenue, continued hyperscaler adoption, debt reduction and substantial cash generation. Broadcom also completed prior repurchase authorizations, issued new fourth-quarter revenue guidance and reaffirmed its dividend, potentially improving shareholder returns and visibility. Broadcom Could Be 47% Below Fair Value
• Neutral Sentiment: Analyst comparisons with NVIDIA, Credo and Vertiv underscore Broadcom’s strong AI-connectivity position but also frame the investment case around relative valuation, margins, customer concentration and execution. Some analysts favor competitors with lower valuations or broader ecosystems. NVIDIA vs. Broadcom
• Negative Sentiment: Investors remain concerned that elevated expectations leave AVGO vulnerable if AI spending slows, revenue guidance disappoints or margins are pressured. Coverage also cited financing risks, VMware-related regulatory issues and reliance on a limited number of large customers. Broadcom’s strong AI growth faces margin, financing risks
• Negative Sentiment: Broadcom was pressured alongside other AI-chip stocks as debate intensified over the timing and sustainability of AI infrastructure investment, compounded by a broader technology selloff and Fed-week uncertainty. AI pacing debate weighs on semiconductor stocks

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent research reports. Cantor Fitzgerald increased their price objective on Broadcom from $525.00 to $600.00 and gave the company an "overweight" rating in a research report on Thursday, September 3rd. Zacks Research lowered Broadcom from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Truist Financial dropped their price objective on Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $515.00 target price (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. Finally, Wall Street Zen downgraded Broadcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $509.04.

Broadcom Stock Performance

Shares of AVGO stock opened at $339.27 on Wednesday. The company's fifty day simple moving average is $381.82 and its 200-day simple moving average is $378.84. 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 firm has a market cap of $1.62 trillion, a PE ratio of 43.33 and a beta of 1.44. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating 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 business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter last year, the firm earned $1.69 earnings per share. The firm's revenue for the quarter was up 85.5% compared to the same quarter last year. Equities research analysts expect that Broadcom Inc. will post 10.36 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, September 21st. Broadcom's payout ratio is currently 33.21%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.