Broadcom Inc. $AVGO Shares Acquired by Capstone Wealth Management LLC

Key Points

• Capstone Wealth Management increased its Broadcom stake by 144.2% in the second quarter, owning 2,833 shares valued at approximately $1.07 million. Institutional investors collectively hold 76.43% of Broadcom’s stock.
• Broadcom reported strong operating momentum, with quarterly revenue rising 47.9% year over year to $22.19 billion and EPS of $2.44, exceeding analyst expectations. Analysts maintain a broadly positive view, with 28 Buy ratings and an average price target of $493.24.
• Risks include increased competition in custom AI chips after Marvell’s Google deal, alongside investor concerns about Broadcom’s leverage, AI infrastructure financing and VMware-related issues. Insiders have also sold 61,644 shares worth about $24.0 million over the past 90 days.

Capstone Wealth Management LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 144.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,833 shares of the semiconductor manufacturer's stock after purchasing an additional 1,673 shares during the quarter. Broadcom comprises 0.5% of Capstone Wealth Management LLC's investment portfolio, making the stock its 15th largest holding. Capstone Wealth Management LLC's holdings in Broadcom were worth $1,070,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Symmetry Partners LLC grew its position in Broadcom by 12.0% during the 2nd quarter. Symmetry Partners LLC now owns 7,192 shares of the semiconductor manufacturer's stock worth $2,717,000 after purchasing an additional 768 shares during the last quarter. RIA Advisory Group LLC purchased a new stake in shares of Broadcom in the second quarter valued at about $421,000. L. Roy Papp & Associates LLP purchased a new stake in shares of Broadcom in the second quarter valued at about $229,000. ERn Financial LLC boosted its stake in shares of Broadcom by 28.1% during the second quarter. ERn Financial LLC now owns 2,590 shares of the semiconductor manufacturer's stock worth $979,000 after buying an additional 568 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. boosted its stake in shares of Broadcom by 1.2% during the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,617 shares of the semiconductor manufacturer's stock worth $989,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom AI accelerator and networking businesses remain major growth drivers. The company recently reported 47.9% year-over-year revenue growth and exceeded quarterly EPS and revenue expectations, while one analysis argues its combination of custom chips and data-center networking gives it durable AI exposure. Broadcom AI infrastructure analysis
• Positive Sentiment: TD Cowen reiterated a Buy rating and maintained a $500 price target, indicating that at least one major analyst views the recent weakness as an opportunity rather than a deterioration in Broadcom’s long-term outlook. TD Cowen Broadcom price target
• Positive Sentiment: Broader AI spending trends remain favorable for chip and infrastructure suppliers, including Broadcom, as companies increase investment in compute and connectivity. Anthropic’s reported growth and its infrastructure relationships also highlight potential demand for Broadcom custom silicon. Anthropic pre-IPO and Broadcom infrastructure
• Neutral Sentiment: Broadcom is scheduled to pay its regular quarterly dividend of $0.65 per share on September 30, providing income support but little immediate catalyst for the stock. Broadcom dividend announcement
• Negative Sentiment: Marvell Technology announced an agreement to help Google develop custom AI chips and received a potential $12.2 billion Google-linked warrant or equity option. Because Broadcom has been viewed as Google’s leading custom-chip partner, the deal raised concerns that Marvell could take share or weaken Broadcom’s negotiating position. Marvell Google custom AI chip deal
• Negative Sentiment: Investors remain concerned about financing conditions for AI infrastructure spending, Broadcom’s leverage and VMware-related issues, including a reported vCenter Syslog Server vulnerability. Comparisons with NVIDIA and Astera Labs also emphasize Broadcom’s higher perceived financial risk or less attractive growth profile. Broadcom VMware and financing concerns

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 25,000 shares of the firm's stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the sale, the insider 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the business's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the sale, the director owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,644 shares of company stock worth $24,016,214 in the last ninety days. 1.90% of the stock is owned by insiders.

Broadcom Stock Performance

NASDAQ AVGO opened at $362.48 on Thursday. 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 business's 50 day moving average is $389.27 and its two-hundred day moving average is $374.61. Broadcom Inc. has a 12-month low of $281.87 and a 12-month high of $495.00. The stock has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 60.41, a PEG ratio of 0.73 and a beta of 1.45.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating 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 business had revenue of $22.19 billion during the quarter, compared to analysts' expectations of $22.13 billion. During the same period last year, the firm earned $1.58 EPS. The company's quarterly revenue was up 47.9% compared to the same quarter last year. Research analysts expect that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a $0.65 dividend. 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%.

Wall Street Analyst Weigh In

AVGO has been the topic of several recent research reports. DA Davidson boosted their price target on Broadcom from $375.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, June 4th. Dbs Bank raised Broadcom to a "moderate buy" rating in a research report on Thursday, June 18th. Benchmark lifted their target price on Broadcom from $485.00 to $545.00 and gave the company a "buy" rating in a research note on Thursday, June 4th. Truist Financial boosted 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. Finally, Susquehanna restated 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. Twenty-eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Broadcom has an average rating of "Moderate Buy" and an average price target of $493.24.

About Broadcom

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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