Broadcom Inc. $AVGO Shares Bought by Scholtz & Company LLC

Key Points

• Scholtz & Company LLC increased its Broadcom position by 127.3% in the second quarter, bringing its holdings to 10,474 shares worth approximately $3.96 million. Institutional investors and hedge funds collectively own 76.43% of AVGO.
• Broadcom reported quarterly EPS of $3.32, beating estimates by $0.10, while revenue rose 85.5% year over year to $29.59 billion. The company also declared a quarterly dividend of $0.65 per share.
• Analysts remain broadly bullish, with 28 Buy ratings and an average price target of $509.04, but insiders sold 53,492 shares worth about $20.84 million over the past 90 days. Investor attention remains focused on whether AI-chip demand and custom hyperscaler deployments will deliver sustained growth.

Scholtz & Company LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 127.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,474 shares of the semiconductor manufacturer's stock after acquiring an additional 5,865 shares during the quarter. Broadcom accounts for about 2.0% of Scholtz & Company LLC's holdings, making the stock its 20th biggest position. Scholtz & Company LLC's holdings in Broadcom were worth $3,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AVGO. Networth Advisors LLC boosted its position in Broadcom by 546.2% during the first 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. Harborfront Financial Group LLC acquired a new stake in Broadcom in the second quarter valued at $38,000. Cherry Tree Wealth Management LLC increased its position in shares of Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock valued at $45,000 after buying an additional 40 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of Broadcom in the fourth quarter valued at $56,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Broadcom during the 2nd quarter worth $64,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Activity

In other news, Director Justine Page sold 1,602 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares of the company's stock, 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 filing with the SEC, which is available at the SEC website. Also, Director Gayla Delly sold 1,890 shares of the company's stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 53,492 shares of company stock valued at $20,840,292 over the last 90 days. Insiders own 1.90% of the company's stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip opportunity remains the main bullish catalyst. Management forecasts AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, while recent reports say AI chip orders are tripling. Investors are looking for evidence that these orders will translate into revenue and earnings growth. Investors Want to Know When Broadcom’s Custom Hyperscaler Chips Will Move Share Prices
• Positive Sentiment: Analysts and market commentators see substantial upside after the summer selloff. Jim Cramer called AVGO potentially “too cheap to ignore,” while other coverage points to a wide gap between the current share price and Wall Street price targets. Jim Cramer on Broadcom: The Stock May Be Too Cheap to Ignore
• Positive Sentiment: Broadcom is viewed as a key supplier to the next phase of AI infrastructure, including custom accelerators, networking and inference hardware. Industry commentary also highlights potential growth in enterprise AI and VMware private-cloud demand, although the evidence for that software trend is mixed. Enterprise AI to Boost Broadcom’s Software Business
• Neutral Sentiment: The broader semiconductor rebound helped lift AVGO, but the stock’s performance is still being driven more by expectations than by newly announced company-specific results. Investors are waiting for custom-hyperscaler chip deployments to produce visible financial impact.
• Negative Sentiment: Shares have faced pressure after Anthropic and OpenAI leaders urged caution around rapidly scaling advanced AI models. That has raised concerns that hyperscalers could slow infrastructure spending, even though Broadcom’s CEO has reportedly maintained the company’s AI revenue targets. Broadcom Shares Fell as Slower AI Development Raised Demand Concerns

Broadcom Stock Up 2.3%

AVGO opened at $347.30 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.66 trillion, a P/E ratio of 44.36 and a beta of 1.44. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The business's fifty day simple moving average is $379.76 and its 200 day simple moving average is $379.16.

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

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's payout ratio is 33.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AVGO shares. Bank of America boosted their price objective on shares of Broadcom from $450.00 to $530.00 and gave the stock a "buy" rating in a research report on Thursday, June 4th. Truist Financial cut their target price on shares of Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Royal Bank Of Canada assumed coverage on shares of Broadcom in a report on Thursday, September 3rd. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. increased their price target 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, KeyCorp reissued an "overweight" rating and set a $575.00 price objective on shares of Broadcom in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $509.04.

Broadcom Company 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.

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