Anchor Investment Management LLC Buys 1,741 Shares of Broadcom Inc. $AVGO

Key Points

• Institutional ownership increased: Anchor Investment Management raised its Broadcom stake by 7.3% to 25,525 shares, valued at approximately $9.27 million. Institutional investors and hedge funds collectively own 76.43% of AVGO.
• Analysts remain bullish: Broadcom has a consensus “Moderate Buy” rating and an average price target of $509.04, with 28 analysts recommending Buy and one recommending Strong Buy.
• Strong operating results supported the outlook: Broadcom exceeded quarterly earnings and revenue expectations, with revenue rising 85.5% year over year. However, insiders sold $20.84 million of stock over the past 90 days, while the company maintained a $0.65 quarterly dividend.

Anchor Investment Management LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,525 shares of the semiconductor manufacturer's stock after buying an additional 1,741 shares during the quarter. Anchor Investment Management LLC's holdings in Broadcom were worth $9,269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. Cornerstone Advisors LLC bought a new stake in Broadcom during the second quarter valued at $92,522,000. Bank of America Corp DE raised its position in shares of Broadcom by 1.5% in the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock worth $18,179,719,000 after acquiring an additional 894,564 shares in the last quarter. Clear Harbor Asset Management LLC bought a new position in shares of Broadcom in the 2nd quarter worth about $3,302,000. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Broadcom by 129.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer's stock valued at $34,061,000 after purchasing an additional 62,050 shares during the period. Finally, First Bank & Trust boosted its position in shares of Broadcom by 17.2% during the 2nd quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer's stock valued at $3,968,000 after purchasing an additional 1,545 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Oppenheimer reiterated an "outperform" rating and issued a $535.00 target price (up from $450.00) on shares of Broadcom in a report on Thursday, June 4th. Bank of America lifted their price objective on shares of Broadcom from $450.00 to $530.00 and gave the company a "buy" rating in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $515.00 target price (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. TD Cowen restated a "buy" rating and issued a $475.00 price target (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Finally, Susquehanna reaffirmed a "positive" rating and issued a $490.00 price target (up from $450.00) on shares of Broadcom in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Broadcom presently has an average rating of "Moderate Buy" and a consensus target price of $509.04.

Insider Buying and Selling

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction dated 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 owned 194,989 shares in the company, valued at $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares of the company's stock, valued at $6,514,884.36. The trade was a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 53,492 shares of company stock valued at $20,840,292. 1.90% of the stock is owned by insiders.

Broadcom Stock Performance

Shares of AVGO stock opened at $357.67 on Friday. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The firm's 50-day simple moving average is $378.91 and its two-hundred day simple moving average is $379.01. The firm has a market cap of $1.71 trillion, a price-to-earnings ratio of 45.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

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

Broadcom Announces Dividend

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

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip business is the central bullish catalyst. Management projects AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, as hyperscalers seek alternatives to standard GPUs to improve computing costs and efficiency. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Commentators including Jim Cramer view AVGO as potentially “too cheap to ignore” following a decline of roughly 30% from its yearly peak. The argument is that strong AI growth, repeated earnings beats, and a lower share price create an attractive risk-reward setup for long-term investors. Jim Cramer on Broadcom
• Positive Sentiment: Broadcom’s CEO Hock Tan reportedly expressed strong confidence despite recent AI-related market fears. The company also benefits from continued semiconductor-sector strength and expectations that AI infrastructure investment will remain elevated. Broadcom CEO Hock Tan says he isn’t worried
• Neutral Sentiment: Investor attention is unusually high, with multiple reports highlighting AVGO as one of the most-watched stocks. These articles largely recap existing earnings and valuation themes rather than announce a new company-specific development. Broadcom is Attracting Investor Attention
• Negative Sentiment: Risks include hyperscalers developing their own AI accelerators, which could reduce reliance on outside suppliers. Meta, for example, could save billions by using internally designed chips. Broadcom’s VMware and enterprise-software growth story also has mixed industry evidence, making the AI forecast the more important driver for the stock. Meta Can Save $8.5 Billion by Using Its Own Chips

About Broadcom

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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