Owen LaRue LLC decreased its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 62.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,402 shares of the semiconductor manufacturer's stock after selling 4,040 shares during the period. Owen LaRue LLC's holdings in Broadcom were worth $907,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AVGO. Fullerton Advisors LLC boosted its holdings in shares of Broadcom by 1.3% in the 1st quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer's stock valued at $616,000 after buying an additional 25 shares during the period. NORTHSTAR ASSET MANAGEMENT Co raised its stake in Broadcom by 0.5% during the first quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock worth $1,656,000 after acquiring an additional 25 shares during the period. RFG Holdings Inc. raised its stake in Broadcom by 0.3% during the first quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer's stock worth $2,631,000 after acquiring an additional 26 shares during the period. Yukon Wealth Management Inc. lifted its holdings in Broadcom by 1.1% in the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock worth $774,000 after acquiring an additional 26 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC boosted its stake in Broadcom by 2.6% in the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock valued at $399,000 after acquiring an additional 27 shares during the period. 76.43% of the stock is owned by institutional investors.
Broadcom Stock Performance
Shares of AVGO opened at $379.83 on Wednesday. The firm has a 50-day moving average price of $389.46 and a 200 day moving average price of $374.39. The firm has a market capitalization of $1.81 trillion, a PE ratio of 63.31, a P/E/G ratio of 0.75 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 52-week low of $281.87 and a 52-week high of $495.00.
Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.04. The company had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. Broadcom's revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current fiscal 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 paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom's payout ratio is currently 43.33%.
Trending Headlines about Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom’s custom AI accelerator business continues to gain traction, while its partnership with Alphabet on custom silicon and infrastructure supporting Anthropic workloads reinforces expectations for sustained AI-related demand. Broadcom vs. Nvidia: 1 Metric Shows Which AI Chipmaker Is the Better Bargain
- Positive Sentiment: Analyst sentiment remains broadly constructive. Broadcom received a Zacks Rank upgrade to Buy, and the average analyst price target implies substantial upside, supported by rising earnings estimates. Broadcom Inc. Upgraded to Buy
- Positive Sentiment: The company is scheduled to pay its regular quarterly dividend of $0.65 per share on September 30, providing continued shareholder income. Broadcom to Pay Dividends Next Month
- Neutral Sentiment: VMware Explore 2026 will showcase private-cloud and AI capabilities, potentially highlighting growth opportunities for Broadcom’s VMware business, although the event has not yet provided a material financial update. VMware Explore 2026
- Negative Sentiment: Several comparisons favor Astera Labs over Broadcom because of Astera’s faster growth, improving estimates, and exposure to AI connectivity demand. This may encourage investors to rotate toward smaller AI infrastructure stocks. ALAB vs. AVGO
- Negative Sentiment: Reports that hedge funds reduced or exited Broadcom positions during the second quarter, including shifts into other semiconductor names, are adding to selling pressure and weakening institutional sentiment. Hedge Funds Turn Bearish on Broadcom
- Negative Sentiment: Investors remain concerned about a reported VMware vCenter Syslog Server security vulnerability, AI funding uncertainty, and the possibility that rising AI infrastructure costs could pressure margins. These risks are particularly important given AVGO’s elevated valuation. Broadcom Bounce and VMware Concerns
Insider Transactions at Broadcom
In related news, insider Mark David Brazeal sold 25,000 shares of Broadcom stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares of the company's stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harry L. You purchased 1,000 shares of the company's stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the transaction, the director 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 a total of 61,644 shares of company stock worth $24,016,214 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
AVGO has been the subject of several recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $500.00 target price on shares of Broadcom in a report on Thursday, June 4th. Royal Bank Of Canada raised their price target on Broadcom from $360.00 to $400.00 and gave the stock a "sector perform" rating in a report on Thursday, June 4th. Bank of America boosted their price objective on Broadcom from $450.00 to $530.00 and gave the company a "buy" rating in a research report on Thursday, June 4th. Evercore reaffirmed an "outperform" rating and issued a $582.00 target price on shares of Broadcom in a research report on Tuesday, May 19th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $525.00 price target on shares of Broadcom in a report on Thursday, June 4th. Twenty-eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Broadcom currently has an average rating of "Moderate Buy" and an average target price of $493.24.
Check Out Our Latest Report on Broadcom
About Broadcom
(
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.
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