Apollon Wealth Management LLC Boosts Stake in Broadcom Inc. $AVGO

Key Points

• Apollon Wealth Management increased its Broadcom stake by 2.4% in the second quarter, adding 6,847 shares to hold 294,393 shares valued at approximately $111.2 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported quarterly earnings of $2.44 per share and revenue of $22.19 billion, exceeding analyst estimates, while revenue rose 47.9% year over year. The company also pays a quarterly dividend of $0.65 per share, yielding approximately 0.7% annually.
• Analyst sentiment remains favorable, with 28 Buy ratings and four Hold ratings producing a consensus “Moderate Buy” rating and a $493.24 price target. However, elevated valuation, insider selling, VMware security concerns and uncertainty over AI infrastructure spending remain risks.

Apollon Wealth Management LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 294,393 shares of the semiconductor manufacturer's stock after buying an additional 6,847 shares during the quarter. Broadcom comprises 1.4% of Apollon Wealth Management LLC's investment portfolio, making the stock its 14th biggest holding. Apollon Wealth Management LLC's holdings in Broadcom were worth $111,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Bank of America Corp DE raised its position in Broadcom by 1.5% in the first 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. Bartlett & CO. Wealth Management LLC boosted its position in shares of Broadcom by 129.3% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer's stock worth $34,061,000 after purchasing an additional 62,050 shares in the last quarter. 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 worth $3,968,000 after purchasing an additional 1,545 shares in the last quarter. Fifth Lane Capital LP grew its stake in shares of Broadcom by 77.8% during the 4th quarter. Fifth Lane Capital LP now owns 4,000 shares of the semiconductor manufacturer's stock worth $1,384,000 after purchasing an additional 1,750 shares during the period. Finally, Wealthcare Capital Partners LLC grew its stake in shares of Broadcom by 36.4% during the 2nd quarter. Wealthcare Capital Partners LLC now owns 4,407 shares of the semiconductor manufacturer's stock worth $1,665,000 after purchasing an additional 1,176 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $379.83 on Wednesday. The stock has a market cap of $1.81 trillion, a price-to-earnings ratio of 63.31, a PEG ratio of 0.75 and a beta of 1.45. Broadcom Inc. has a 52 week low of $281.87 and a 52 week high of $495.00. The company's 50-day moving average price is $389.46 and its 200 day moving average price is $374.39. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.04. The firm had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm's revenue for the quarter was up 47.9% on a year-over-year basis. During the same period last year, the firm posted $1.58 EPS. As a group, research analysts forecast that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were paid 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 of this dividend was Monday, June 22nd. Broadcom's dividend payout ratio (DPR) is 43.33%.

Analysts Set New Price Targets

AVGO has been the subject of several recent analyst reports. Wall Street Zen cut shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Susquehanna reissued a "positive" rating and set a $490.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Dbs Bank upgraded shares of Broadcom to a "moderate buy" rating in a research report on Thursday, June 18th. UBS Group set a $485.00 target price on shares of Broadcom and gave the company a "buy" rating in a report on Thursday, June 4th. Finally, Evercore reiterated an "outperform" rating and set a $582.00 price target on shares of Broadcom in a research report on Tuesday, May 19th. Twenty-eight analysts have rated the stock with 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 $493.24.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 1,602 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the sale, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gayla J. Delly sold 1,890 shares of the firm's stock in a transaction 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 transaction, the director directly owned 31,326 shares of the company's stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 61,644 shares of company stock valued at $24,016,214. Company insiders own 1.90% of the company's stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom AI accelerator business continues to gain traction, while its partnership with Alphabet on custom silicon and infrastructure supporting Anthropic workloads reinforces expectations for sustained AI-related demand. Broadcom vs. Nvidia: 1 Metric Shows Which AI Chipmaker Is the Better Bargain
• Positive Sentiment: Analyst sentiment remains broadly constructive. Broadcom received a Zacks Rank upgrade to Buy, and the average analyst price target implies substantial upside, supported by rising earnings estimates. Broadcom Inc. Upgraded to Buy
• Positive Sentiment: The company is scheduled to pay its regular quarterly dividend of $0.65 per share on September 30, providing continued shareholder income. Broadcom to Pay Dividends Next Month
• Neutral Sentiment: VMware Explore 2026 will showcase private-cloud and AI capabilities, potentially highlighting growth opportunities for Broadcom’s VMware business, although the event has not yet provided a material financial update. VMware Explore 2026
• Negative Sentiment: Several comparisons favor Astera Labs over Broadcom because of Astera’s faster growth, improving estimates, and exposure to AI connectivity demand. This may encourage investors to rotate toward smaller AI infrastructure stocks. ALAB vs. AVGO
• Negative Sentiment: Reports that hedge funds reduced or exited Broadcom positions during the second quarter, including shifts into other semiconductor names, are adding to selling pressure and weakening institutional sentiment. Hedge Funds Turn Bearish on Broadcom
• Negative Sentiment: Investors remain concerned about a reported VMware vCenter Syslog Server security vulnerability, AI funding uncertainty, and the possibility that rising AI infrastructure costs could pressure margins. These risks are particularly important given AVGO’s elevated valuation. Broadcom Bounce and VMware Concerns

Broadcom 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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