Broadcom Inc. $AVGO Stock Holdings Lifted by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory increased its Broadcom stake by 4.4% in the second quarter to 34,043 shares valued at approximately $12.86 million. Institutional investors collectively own 76.43% of the company.
• Wall Street remains broadly bullish: 30 analysts rate Broadcom a Buy and four rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $504.93. Cantor Fitzgerald recently raised its target to $600.
• Broadcom reported quarterly revenue of $29.59 billion and EPS of $3.32, beating estimates, while revenue rose 85.5% year over year. Strong AI growth supports the outlook, but premium valuation, customer concentration, supply constraints and margin pressure remain key risks.

Toth Financial Advisory Corp grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 34,043 shares of the semiconductor manufacturer's stock after acquiring an additional 1,448 shares during the period. Broadcom comprises about 1.3% of Toth Financial Advisory Corp's portfolio, making the stock its 18th largest holding. Toth Financial Advisory Corp's holdings in Broadcom were worth $12,860,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Fullerton Advisors LLC boosted its position 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 purchasing an additional 25 shares during the period. NORTHSTAR ASSET MANAGEMENT Co raised its holdings in Broadcom by 0.5% during the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock worth $1,656,000 after buying an additional 25 shares during the period. RFG Holdings Inc. lifted 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 valued at $2,631,000 after buying an additional 26 shares in the last quarter. Yukon Wealth Management Inc. boosted its holdings in shares of 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 buying an additional 26 shares during the period. Finally, NerdWallet Wealth Partners LLC increased its position in shares of Broadcom by 2.6% in the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock worth $399,000 after acquiring an additional 27 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised their price objective on shares of Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. Citigroup restated a "buy" rating and issued a $515.00 target price (up from $500.00) on shares of Broadcom in a report on Friday. Oppenheimer reaffirmed an "outperform" rating and issued a $535.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, June 4th. Zacks Research downgraded Broadcom from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Finally, Wall Street Zen downgraded Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Thirty research analysts have rated the stock with 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 a consensus price target of $504.93.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s latest results showed powerful AI momentum: AI semiconductor revenue increased 221% to $16.7 billion, while management raised its fiscal 2027 AI revenue outlook to approximately $115 billion, up from more than $100 billion previously. Some projections cited in the coverage point to $230 billion in AI revenue by fiscal 2028. Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Nvidia GPUs
• Positive Sentiment: Analysts continue to raise their expectations, with Cantor reportedly assigning a $600 price target. Bullish analysts argue that hyperscalers increasingly want custom accelerators, AI networking and complete data-center architectures—not only Nvidia GPUs—giving Broadcom a larger role in inference and other workloads. Top Analyst Sets $600 Broadcom Stock Target
• Positive Sentiment: A multi-generation Amazon AI-silicon agreement with Qualcomm also highlights the growing data-center market for custom chips. Although Qualcomm is the direct beneficiary, the deal reinforces the strategic importance of custom silicon and supports the broader investment case for Broadcom’s design and networking business. Qualcomm Amazon AI Silicon Deal
• Neutral Sentiment: The post-earnings reaction has been mixed because investors are scrutinizing near-term guidance, Broadcom’s share of customers’ tensor processing unit programs, and whether constrained chip supply can keep pace with demand. Wall Street remains broadly optimistic, but expectations are exceptionally high. Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
• Negative Sentiment: Bearish coverage points to margin pressure, customer concentration, supply constraints and a premium valuation—Broadcom trades at roughly 47 times earnings—leaving limited room for execution mistakes. These concerns help explain why strong earnings did not produce a uniformly positive market response. Broadcom Buy, Sell or Hold Analysis

Insider Buying and Selling at Broadcom

In other news, Director Justine Page sold 1,602 shares of the firm's 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 transaction, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harry L. You acquired 1,000 shares of Broadcom 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 purchase, the director owned 38,466 shares in the company, valued at $14,369,743.62. The trade was a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 61,644 shares of company stock worth $24,016,214. Company insiders own 1.90% of the company's stock.

Broadcom Price Performance

AVGO opened at $368.56 on Wednesday. The stock has a fifty day moving average price of $383.09 and a 200 day moving average price of $378.02. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The stock has a market cap of $1.75 trillion, a price-to-earnings ratio of 47.07 and a beta of 1.44.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The business's quarterly revenue was up 85.5% on a year-over-year basis. During the same period last year, the business earned $1.69 EPS. Analysts forecast that Broadcom Inc. will post 10.25 EPS for the current fiscal year.

Broadcom Announces Dividend

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 paid 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 0.7%. Broadcom's dividend payout ratio is 33.21%.

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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