Broadcom Inc. $AVGO Shares Acquired by Varenne Capital Partners

Key Points

• Varenne Capital Partners increased its Broadcom stake by 2,173.6% in the second quarter, acquiring 207,709 additional shares. Broadcom now represents 13.6% of the firm’s portfolio, valued at approximately $82 million.
• Institutional investors own 76.43% of Broadcom, while insiders sold 53,492 shares worth $20.84 million during the latest quarter.
• Broadcom reported quarterly earnings and revenue above analyst expectations, with revenue up 85.5% year over year. Analysts maintain a “Moderate Buy” consensus, though concerns remain about elevated valuation, AI-spending sustainability, margins and customer concentration.

Varenne Capital Partners boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2,173.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,265 shares of the semiconductor manufacturer's stock after buying an additional 207,709 shares during the period. Broadcom comprises 13.6% of Varenne Capital Partners' portfolio, making the stock its largest holding. Varenne Capital Partners' holdings in Broadcom were worth $82,014,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Networth Advisors LLC increased its stake in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 71 shares during the period. Harborfront Financial Group LLC bought a new stake in shares of Broadcom in the 2nd quarter valued at approximately $38,000. Cherry Tree Wealth Management LLC lifted its position in shares of Broadcom by 44.9% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock worth $45,000 after buying an additional 40 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in Broadcom in the 4th quarter valued at $56,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Broadcom in the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other Broadcom news, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the sale, the director owned 17,426 shares of the company's stock, valued at approximately $6,514,884.36. The trade was a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the company's stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the sale, the insider owned 194,989 shares of the company's stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,492 shares of company stock worth $20,840,292 in the last quarter. 1.90% of the stock is owned by company insiders.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s CEO dismissed concerns about an AI slowdown and reaffirmed the company’s long-term revenue objectives, supporting management’s view that demand from hyperscale customers remains durable. Broadcom CEO dismisses AI slowdown concerns
• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $460 price target, estimating that demand for Broadcom’s AI inference ASICs is roughly twice available supply. The tight supply outlook could support pricing and future growth. Broadcom’s Real Constraint Isn’t Demand. It’s Supply.
• Positive Sentiment: Recent coverage highlighted a 221% year-over-year increase in AI revenue, continued hyperscaler adoption, debt reduction and substantial cash generation. Broadcom also completed prior repurchase authorizations, issued new fourth-quarter revenue guidance and reaffirmed its dividend, potentially improving shareholder returns and visibility. Broadcom Could Be 47% Below Fair Value
• Neutral Sentiment: Analyst comparisons with NVIDIA, Credo and Vertiv underscore Broadcom’s strong AI-connectivity position but also frame the investment case around relative valuation, margins, customer concentration and execution. Some analysts favor competitors with lower valuations or broader ecosystems. NVIDIA vs. Broadcom
• Negative Sentiment: Investors remain concerned that elevated expectations leave AVGO vulnerable if AI spending slows, revenue guidance disappoints or margins are pressured. Coverage also cited financing risks, VMware-related regulatory issues and reliance on a limited number of large customers. Broadcom’s strong AI growth faces margin, financing risks
• Negative Sentiment: Broadcom was pressured alongside other AI-chip stocks as debate intensified over the timing and sustainability of AI infrastructure investment, compounded by a broader technology selloff and Fed-week uncertainty. AI pacing debate weighs on semiconductor stocks

Broadcom Trading Down 1.6%

Shares of AVGO opened at $339.27 on Wednesday. The stock's fifty day simple moving average is $381.82 and its 200-day simple moving average is $378.84. The firm has a market capitalization of $1.62 trillion, a PE ratio of 43.33 and a beta of 1.44. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. The firm had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company's revenue was up 85.5% on a year-over-year basis. During the same period last year, the company earned $1.69 earnings per share. As a group, research analysts predict that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.65 per share. The ex-dividend date is Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom's payout ratio is currently 33.21%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AVGO. Zacks Research cut Broadcom from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Bank of America upped their target price on shares of Broadcom from $450.00 to $530.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. Cantor Fitzgerald increased their target price on shares of Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Oppenheimer reissued an "outperform" rating and set a $535.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, June 4th. Finally, Erste Group Bank restated a "hold" rating on shares of Broadcom in a research report on Tuesday, July 7th. One research 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $509.04.

Broadcom Profile

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.