Community Financial Services Group LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,623 shares of the semiconductor manufacturer's stock after purchasing an additional 2,653 shares during the period. Broadcom makes up about 3.1% of Community Financial Services Group LLC's portfolio, making the stock its 9th largest holding. Community Financial Services Group LLC's holdings in Broadcom were worth $21,652,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in AVGO. Fulton Bank N.A. increased its stake in Broadcom by 1.3% during the 2nd quarter. Fulton Bank N.A. now owns 89,944 shares of the semiconductor manufacturer's stock worth $33,976,000 after acquiring an additional 1,147 shares during the period. Paladin Wealth LLC grew its holdings in shares of Broadcom by 12.5% during the 2nd quarter. Paladin Wealth LLC now owns 4,915 shares of the semiconductor manufacturer's stock worth $1,857,000 after purchasing an additional 548 shares in the last quarter. Kraft Davis & Associates LLC grew its holdings in shares of Broadcom by 5.9% during the 2nd quarter. Kraft Davis & Associates LLC now owns 2,176 shares of the semiconductor manufacturer's stock worth $846,000 after purchasing an additional 121 shares in the last quarter. First Bank & Trust increased its position in shares of Broadcom by 17.2% in the second 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 during the period. Finally, Revolve Wealth Partners LLC lifted its position in Broadcom by 33.7% during the second quarter. Revolve Wealth Partners LLC now owns 13,415 shares of the semiconductor manufacturer's stock worth $5,067,000 after purchasing an additional 3,380 shares during the period. 76.43% of the stock is owned by institutional investors.
Key Headlines Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom’s custom ASIC positioning remains a key bullish factor. AI semiconductor revenue has more than doubled year over year, with further substantial growth expected, helping the stock outperform some large semiconductor peers. Top Semiconductor Stock Outpacing Nvidia With a 36% Gain Over 6 Months
- Positive Sentiment: Investors continue to favor Broadcom’s combination of cloud-scale demand, enterprise adoption, booked AI growth and strong cash generation. Broadcom’s Brilliant Positioning is Why I Am Loading Up Over and Over
- Positive Sentiment: Broadcom expanded security capabilities in its VMware Cloud Foundation offering, including faster vDefend deployment, on-premises malware sandboxing and API protection. The additions support its enterprise software strategy, although competition from Nutanix and IBM remains intense. Broadcom Boosts VCF Security
- Positive Sentiment: Broker coverage remains constructive: analysts maintain a consensus “Moderate Buy” rating, while Erste Group raised its fiscal 2027 EPS estimate. Broadcom Given Consensus Rating of Moderate Buy
- Neutral Sentiment: The immediate move appears largely technical, with Broadcom slipping after its extended winning streak rather than following a reported earnings or guidance disappointment. Broadcom Slips After Seven-Session Advance
- Negative Sentiment: A potential FCC ban on Chinese optical transceivers could disrupt data-center supply chains and create uncertainty for AI infrastructure suppliers. AI Cold War Catches Light
Broadcom Stock Performance
NASDAQ:AVGO opened at $422.40 on Tuesday. The company has a fifty day moving average of $392.24 and a 200-day moving average of $371.22. The firm has a market capitalization of $2.01 trillion, a P/E ratio of 70.40, a P/E/G ratio of 0.82 and a beta of 1.45. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a twelve month low of $281.87 and a twelve month high of $495.00.
Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. Broadcom's revenue was up 47.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current year.
Broadcom Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.65 per share. The ex-dividend date was Monday, June 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. Broadcom's payout ratio is currently 43.33%.
Insider Transactions at Broadcom
In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of the firm's stock in a transaction on 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 approximately $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harry L. You purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $373.57 per share, with a total value of $373,570.00. Following the acquisition, the director directly owned 38,466 shares of the company's stock, valued at $14,369,743.62. This represents a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 61,644 shares of company stock valued at $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. Wells Fargo & Company reissued an "overweight" rating and issued a $545.00 target price (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Evercore reaffirmed an "outperform" rating and set a $582.00 price target on shares of Broadcom in a report on Tuesday, May 19th. Dbs Bank upgraded shares of Broadcom to a "moderate buy" rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. boosted their price objective on shares of Broadcom from $500.00 to $580.00 and gave the company an "overweight" rating in a research report on Thursday, June 4th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Broadcom 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $493.24.
Read Our Latest Stock Analysis on AVGO
Broadcom Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).
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