Broadcom Inc. $AVGO Shares Bought by Blackhawk Capital Partners LLC

Key Points

• Blackhawk Capital Partners increased its Broadcom stake by 17.8% in the second quarter, holding 13,430 shares valued at approximately $5.07 million. Institutional investors collectively own 76.43% of the stock.
• Broadcom reported strong momentum, with quarterly revenue up 47.9% year over year to $22.19 billion and EPS of $2.44, while AI semiconductor revenue rose 143% to $10.8 billion.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and $493.24 price target, although Broadcom’s elevated valuation—roughly 69 times earnings—remains a key risk.

Blackhawk Capital Partners LLC raised its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,430 shares of the semiconductor manufacturer's stock after buying an additional 2,026 shares during the period. Broadcom comprises about 1.7% of Blackhawk Capital Partners LLC's holdings, making the stock its 15th largest holding. Blackhawk Capital Partners LLC's holdings in Broadcom were worth $5,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Broadcom by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer's stock valued at $167,064,997,000 after acquiring an additional 3,919,715 shares in the last quarter. State Street Corp increased its stake in Broadcom by 2.7% during the fourth quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer's stock worth $65,788,194,000 after purchasing an additional 5,040,801 shares during the period. Geode Capital Management LLC lifted its position in shares of Broadcom by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer's stock worth $38,396,634,000 after purchasing an additional 1,548,699 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Broadcom by 3.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer's stock worth $29,607,500,000 after purchasing an additional 2,491,644 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Broadcom in the fourth quarter valued at approximately $24,252,196,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI growth remains the primary bullish catalyst. Broadcom’s AI semiconductor revenue increased 143% year over year to $10.8 billion in fiscal second quarter, and CEO Hock Tan reaffirmed his forecast for fiscal 2027 AI semiconductor revenue to exceed $100 billion. Hock Tan Reaffirmed Broadcom's $100 Billion AI Forecast
• Positive Sentiment: Investors continue to view Broadcom as a diversified AI infrastructure play because its custom accelerators and networking products can benefit across competing AI architectures, rather than depending on a single chip design. Broadcom Wins If AI Wins So I Keep Buying
• Positive Sentiment: AMD’s planned Helios rack-scale AI systems could create additional demand for Broadcom components and networking technology, potentially expanding its ecosystem opportunity beyond direct customer programs. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Positive Sentiment: Broadcom’s software division joining the Open Secure AI Alliance adds a longer-term cybersecurity and software angle to the company’s AI strategy. Is Broadcom’s Next Big Bet Hidden in Plain Sight?
• Neutral Sentiment: Analysts and investors are comparing Broadcom’s custom-chip and networking model with NVIDIA’s more vertically integrated approach. The comparison supports Broadcom’s differentiation but highlights intense competition for AI infrastructure spending. This Is Where Nvidia Beats Broadcom
• Negative Sentiment: Valuation is the main restraint on the stock. Broadcom trades at a substantial premium to historical earnings levels, with reports citing roughly 71 times trailing earnings and 27 times projected earnings. Continued appreciation therefore depends on rapid AI earnings growth catching up with the share price. Broadcom Trades at 71 Times Earnings
• Negative Sentiment: Crake Asset Management reportedly reduced its Broadcom position by 330,000 shares, providing a modest signal of profit-taking or caution among some institutional investors. Crake Asset Management Trims Broadcom Stake

Insiders Place Their Bets

In related news, Director Justine Page sold 1,602 shares of the business'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 transaction of $598,923.72. Following the completion of the sale, the director owned 17,426 shares in the company, valued at $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harry L. You purchased 1,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $373.57 per share, with a total value of $373,570.00. Following the completion of 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 61,644 shares of company stock worth $24,016,214 in the last three months. 1.90% of the stock is owned by company insiders.

Broadcom Stock Performance

Shares of AVGO stock opened at $416.05 on Thursday. The company has a market cap of $1.98 trillion, a P/E ratio of 69.34, a PEG ratio of 0.79 and a beta of 1.45. The firm has a fifty day moving average price of $389.67 and a 200 day moving average price of $372.47. 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 Inc. has a 12 month low of $281.87 and a 12 month high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.40 by $0.04. The company had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.Broadcom's revenue for the quarter was up 47.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 EPS. Sell-side analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom's dividend payout ratio (DPR) is 43.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup restated a "buy" rating on shares of Broadcom in a report on Thursday, June 4th. TD Cowen reiterated a "buy" rating and set a $500.00 target price on shares of Broadcom in a report on Thursday, June 4th. Jefferies Financial Group set a $550.00 price target on shares of Broadcom and gave the company a "buy" rating in a research report on Thursday, June 4th. KeyCorp reaffirmed an "overweight" rating and set a $575.00 price objective (up from $500.00) on shares of Broadcom in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada upped 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. Twenty-eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $493.24.

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.

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.

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