Broadcom Inc. $AVGO is Jefferson Bridge Capital LLC's 4th Largest Position

Key Points

• Jefferson Bridge Capital reduced its Broadcom stake by 13% in the second quarter, but AVGO remains the firm’s fourth-largest holding at 4.5% of its portfolio, valued at approximately $5.14 million. Institutional investors collectively own 76.43% of the stock.
• Broadcom reported quarterly earnings of $2.44 per share, exceeding estimates, while revenue rose 47.9% year over year to $22.19 billion. The company also maintains a quarterly dividend of $0.65 per share, or a 0.7% annualized yield.
• Analysts hold a “Moderate Buy” consensus rating on Broadcom, with an average price target of $493.24 versus a recent share price of about $393.05. AI infrastructure spending, custom chips and networking remain key potential growth catalysts.

Jefferson Bridge Capital LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,596 shares of the semiconductor manufacturer's stock after selling 2,032 shares during the period. Broadcom comprises approximately 4.5% of Jefferson Bridge Capital LLC's investment portfolio, making the stock its 4th largest holding. Jefferson Bridge Capital LLC's holdings in Broadcom were worth $5,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. ROSS JOHNSON & Associates LLC lifted its position in shares of 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 purchasing an additional 66 shares in the last quarter. SWAN Capital LLC grew its position in Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Networth Advisors LLC grew its position in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Nvest Wealth Strategies Inc. purchased a new stake in Broadcom in the 4th quarter valued at about $33,000. Finally, Family CFO Inc purchased a new stake in Broadcom in the 4th quarter valued at about $35,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $393.05 on Monday. The stock has a fifty day simple moving average of $389.79 and a two-hundred day simple moving average of $373.64. Broadcom Inc. has a 1-year low of $281.87 and a 1-year high of $495.00. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 65.51, a price-to-earnings-growth ratio of 0.75 and a beta of 1.45. 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 quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The firm's quarterly revenue was up 47.9% compared to the same quarter last year. Analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 25,000 shares of the business's stock in a transaction 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 in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the company'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 sale, the director owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,644 shares of company stock worth $24,016,214 over the last ninety days. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. DA Davidson boosted their target price on Broadcom from $375.00 to $400.00 and gave the stock a "neutral" rating in a research note on Thursday, June 4th. UBS Group set a $485.00 price target on Broadcom and gave the company a "buy" rating in a research report on Thursday, June 4th. Erste Group Bank reiterated a "hold" rating on shares of Broadcom in a report on Tuesday, July 7th. Royal Bank Of Canada boosted their price objective on Broadcom from $360.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 4th. Finally, Jefferies Financial Group set a $550.00 price objective on Broadcom and gave the company a "buy" rating in a research note on Thursday, June 4th. Twenty-eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $493.24.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-silicon and XPU opportunity remains a key long-term catalyst. Analysts and commentators point to accelerating AI infrastructure spending, major customer agreements, and potential growth in custom chips and networking. Broadcom: XPU Growth Trajectory Underestimated, Stock A Bargain
• Positive Sentiment: Wall Street’s average price target implies substantial upside from recent trading levels, supporting the bullish view that the market may be underestimating Broadcom’s AI growth trajectory. Broadcom is Down Over 3 Months: One Wall Street Pro Sees 60%+ Gains Ahead
• Positive Sentiment: Continued institutional interest, including purchases by GAMCO Investors and Cathie Wood’s reported investment, provides some additional support for the stock’s long-term AI investment case. Cathie Wood buys $16.2 million of Broadcom

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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