Archford Capital Strategies LLC Purchases 3,332 Shares of Broadcom Inc. $AVGO

Key Points

• Archford Capital Strategies increased its Broadcom stake by 8.1% in the second quarter, purchasing 3,332 shares for a total of 44,304 shares valued at approximately $16.7 million.
• Broadcom reported stronger-than-expected quarterly results, with revenue rising 85.5% year over year to $29.59 billion and EPS of $3.32. The company’s AI-chip opportunity remains a major growth catalyst, though investors remain concerned about potential slower hyperscaler infrastructure spending.
• Analysts maintain a broadly positive view, with Broadcom holding a “Moderate Buy” consensus rating and an average price target of $509.04. The company also declared a quarterly dividend of $0.65 per share, representing an annualized yield of about 0.7%.

Archford Capital Strategies LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,304 shares of the semiconductor manufacturer's stock after buying an additional 3,332 shares during the quarter. Broadcom makes up about 1.7% of Archford Capital Strategies LLC's portfolio, making the stock its 11th biggest position. Archford Capital Strategies LLC's holdings in Broadcom were worth $16,736,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AVGO. Cornerstone Advisors LLC acquired a new stake in shares of Broadcom in the second quarter valued at approximately $92,522,000. Bank of America Corp DE boosted its stake in shares of Broadcom by 1.5% during 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 during the period. Clear Harbor Asset Management LLC acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $3,302,000. Bartlett & CO. Wealth Management LLC increased its holdings 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 acquiring an additional 62,050 shares during the last quarter. Finally, First Bank & Trust raised its stake in Broadcom by 17.2% in the 2nd quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer's stock valued at $3,968,000 after acquiring an additional 1,545 shares during the period. Institutional investors own 76.43% of the company's stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip opportunity remains the main bullish catalyst. Management forecasts AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, while recent reports say AI chip orders are tripling. Investors are looking for evidence that these orders will translate into revenue and earnings growth. Investors Want to Know When Broadcom’s Custom Hyperscaler Chips Will Move Share Prices
• Positive Sentiment: Analysts and market commentators see substantial upside after the summer selloff. Jim Cramer called AVGO potentially “too cheap to ignore,” while other coverage points to a wide gap between the current share price and Wall Street price targets. Jim Cramer on Broadcom: The Stock May Be Too Cheap to Ignore
• Positive Sentiment: Broadcom is viewed as a key supplier to the next phase of AI infrastructure, including custom accelerators, networking and inference hardware. Industry commentary also highlights potential growth in enterprise AI and VMware private-cloud demand, although the evidence for that software trend is mixed. Enterprise AI to Boost Broadcom’s Software Business
• Neutral Sentiment: The broader semiconductor rebound helped lift AVGO, but the stock’s performance is still being driven more by expectations than by newly announced company-specific results. Investors are waiting for custom-hyperscaler chip deployments to produce visible financial impact.
• Negative Sentiment: Shares have faced pressure after Anthropic and OpenAI leaders urged caution around rapidly scaling advanced AI models. That has raised concerns that hyperscalers could slow infrastructure spending, even though Broadcom’s CEO has reportedly maintained the company’s AI revenue targets. Broadcom Shares Fell as Slower AI Development Raised Demand Concerns

Analysts Set New Price Targets

A number of research firms have commented on AVGO. UBS Group cut shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, September 3rd. Morgan Stanley reissued an "overweight" rating and issued a $505.00 price objective (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. Cantor Fitzgerald raised their target price on shares of Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. Rosenblatt Securities assumed coverage on shares of Broadcom in a report on Thursday, September 3rd. They issued a "buy" rating and a $600.00 price target on the stock. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Broadcom in a research report on Monday, August 3rd. One 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. Based on data from MarketBeat, Broadcom currently has a consensus rating of "Moderate Buy" and an average target price of $509.04.

Insiders Place Their Bets

In other Broadcom news, Director Gayla Delly sold 1,890 shares of the firm's stock in a transaction dated Wednesday, July 8th. The shares were 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. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $10,033,250.00. Following the sale, the insider directly owned 194,989 shares of the company's stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,492 shares of company stock worth $20,840,292 over the last ninety days. Corporate insiders own 1.90% of the company's stock.

Broadcom Price Performance

Broadcom stock opened at $347.30 on Friday. The firm has a market cap of $1.66 trillion, a PE ratio of 44.36 and a beta of 1.44. 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 stock's fifty day moving average price is $379.76 and its two-hundred day moving average price is $379.16. Broadcom Inc. has a one year low of $289.96 and a one year 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 (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the firm posted $1.69 EPS. Broadcom's quarterly revenue was up 85.5% on a year-over-year basis. As a group, research analysts expect that Broadcom Inc. will post 10.36 EPS for the current fiscal year.

Broadcom Dividend Announcement

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 given a dividend of $0.65 per share. 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 is currently 33.21%.

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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