Broadcom Inc. $AVGO Holdings Raised by Beacon Financial Group

Key Points

• Beacon Financial Group nearly doubled its Broadcom stake in the first quarter, increasing holdings by 92.8% to 21,190 shares valued at about $6.56 million.
• Wall Street remains largely bullish on Broadcom, with several analysts reiterating or raising price targets and the consensus rating sitting at Moderate Buy with a target price of $493.24.
• Broadcom reported strong recent results, beating earnings and revenue estimates, while insiders have also been selling shares, which may temper near-term sentiment despite the company’s solid AI and semiconductor outlook.

Beacon Financial Group raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 92.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,190 shares of the semiconductor manufacturer's stock after buying an additional 10,200 shares during the period. Beacon Financial Group's holdings in Broadcom were worth $6,558,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. ROSS JOHNSON & Associates LLC raised its position in Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 66 shares in the last quarter. SWAN Capital LLC grew its position in Broadcom by 261.9% in the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Networth Advisors LLC grew its position in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Miller Global Investments LLC acquired a new position in shares of Broadcom during the 4th quarter worth $31,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of Broadcom during the 4th quarter worth $33,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on AVGO. Citigroup reaffirmed a "buy" rating on shares of Broadcom in a research note on Thursday, June 4th. Jefferies Financial Group set a $550.00 target price on shares of Broadcom and gave the stock a "buy" rating in a research report on Thursday, June 4th. Truist Financial raised their target price on Broadcom from $545.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, June 4th. Seaport Research Partners reaffirmed a "neutral" rating on shares of Broadcom in a research report on Wednesday, April 8th. Finally, Susquehanna reiterated a "positive" rating and set a $490.00 price target (up from $450.00) on shares of Broadcom in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and a consensus target price of $493.24.

Insiders Place Their Bets

In other Broadcom news, Director Justine Page sold 1,602 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the sale, the director owned 17,426 shares of the company's stock, valued at $6,514,884.36. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark David Brazeal sold 25,000 shares of Broadcom stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $379.19, for a total value of $9,479,750.00. Following the completion of the transaction, the insider directly owned 219,989 shares in the company, valued at approximately $83,417,628.91. This represents a 10.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,644 shares of company stock worth $13,982,964 in the last 90 days. 1.90% of the stock is owned by company insiders.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Several recent pieces remained constructive on Broadcom’s AI outlook, arguing that AVGO is well positioned to benefit from continued hyperscaler demand and that its custom AI chip business could outpace peers through the rest of 2026. Broadcom vs Nvidia: Yes, Broadcom Is Set to Outpace Nvidia Through the Rest of 2026
• Positive Sentiment: Analysts also highlighted memory chips and AI infrastructure as major beneficiaries of the AI boom, reinforcing the broader strength in the semiconductor demand backdrop that can support Broadcom’s growth narrative. Analyst Dan Ives Calls Memory Chips the “Golden Child” of the AI Revolution with “15-to-1” Demand-to-Supply Imbalance
• Neutral Sentiment: Commentary comparing Broadcom with Alphabet and Marvell focused on relative valuation and strategy, suggesting AVGO remains a major AI winner but may face investor debate about whether to rotate into other AI-related names. Alphabet Vs. Broadcom: Rotate Out of AVGO and into GOOG as a Custom Chip Creator and Hyperscaler Partner
• Neutral Sentiment: Some market coverage noted Broadcom’s recent volatility and framed the stock as a contested but still attractive AI chip investment, with valuation arguments supporting both bullish and cautious views. Broadcom vs. Marvell: A Valuation Showdown for the Custom AI Chip Trade
• Negative Sentiment: Broadcom was also hit by a broader selloff in chip stocks as investors rotated out of semiconductors and back into Big Tech, which pressured AVGO alongside peers like Nvidia and AMD. INTC, AMD, NVDA, AVGO: Chip Stocks Slide As Fresh US-Iran Strikes Test Peace Deal
• Negative Sentiment: Insider selling added to cautious sentiment, with reports of a Broadcom insider selling millions of dollars of stock, which can sometimes worry traders about near-term valuation. Insider Selling: Broadcom NASDAQ: AVGO Insider Sells $9,479,750.00 in Stock

Broadcom Stock Performance

NASDAQ:AVGO opened at $384.05 on Tuesday. Broadcom Inc. has a 1 year low of $269.58 and a 1 year high of $495.00. The firm's fifty day simple moving average is $404.62 and its 200 day simple moving average is $364.53. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.83 trillion, a PE ratio of 64.01, a PEG ratio of 0.70 and a beta of 1.45.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.40 by $0.04. The firm had revenue of $22.19 billion for 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 business's quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a dividend of $0.65 per share. The ex-dividend date was Monday, June 22nd. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio is presently 43.33%.

Broadcom Company 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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