Cim Investment Management Inc. Grows Position in Broadcom Inc. $AVGO

Key Points

• Cim Investment Management increased its Broadcom stake by 9.7% in the second quarter to 22,900 shares valued at approximately $8.65 million. Institutional investors own 76.43% of Broadcom’s stock.
• Broadcom exceeded quarterly expectations, reporting $3.32 in EPS and $29.59 billion in revenue, up 85.5% year over year. Shares recently traded at $355.10, down from their 52-week high of $495.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $527.20 price target, while Broadcom declared a quarterly dividend of $0.65 per share, yielding about 0.7%.

Cim Investment Management Inc. lifted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,900 shares of the semiconductor manufacturer's stock after purchasing an additional 2,032 shares during the quarter. Broadcom accounts for 2.0% of Cim Investment Management Inc.'s portfolio, making the stock its 8th largest position. Cim Investment Management Inc.'s holdings in Broadcom were worth $8,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Networth Advisors LLC raised its position in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Core Capital Management & Research inc. bought a new position in Broadcom in the 2nd quarter valued at $31,000. Harborfront Financial Group LLC acquired a new stake in shares of Broadcom in the 2nd quarter valued at $38,000. Cherry Tree Wealth Management LLC raised its position in shares of Broadcom by 44.9% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock worth $45,000 after acquiring an additional 40 shares during the last quarter. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Broadcom during the fourth quarter worth $56,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Up 1.6%

Shares of Broadcom stock traded up $5.53 during trading on Tuesday, reaching $355.10. The stock had a trading volume of 18,945,171 shares, compared to its average volume of 25,179,324. The company has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 45.35 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 stock has a fifty day moving average price of $375.79 and a two-hundred day moving average price of $380.50. 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 (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The firm had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. During the same period in the prior year, the firm posted $1.69 earnings per share. The business's quarterly revenue was up 85.5% compared to the same quarter last year. Sell-side analysts predict that Broadcom Inc. will post 10.36 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given 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 is Monday, September 21st. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is being highlighted as a potentially undervalued semiconductor and AI-infrastructure stock. Its role in developing custom AI accelerators for hyperscale customers supports the long-term growth narrative, particularly because the shares have lagged some peers. This Semiconductor Stock Is a Bargain; Seize It With This ETF
• Positive Sentiment: Analysts cited in recent coverage have continued raising Broadcom’s price targets, with one report showing an average target of $527.20. That implies substantial potential upside from recent trading levels and reinforces bullish sentiment. Broadcom Inc. Stock Has Average Target Price of $527.20
• Positive Sentiment: Broadcom has increased its annual dividend for 15 consecutive years, most recently by 10% in December 2025. Strong free-cash-flow generation through the first three quarters of fiscal 2026 raises expectations for another dividend increase, typically announced in December. Broadcom's Dividend Has Grown About 90-Fold Since 2010
• Neutral Sentiment: Broadcom has attracted increased attention from Zacks users, but the report mainly reviews factors affecting the company’s outlook rather than announcing a new fundamental development. Broadcom Inc. Is Attracting Investor Attention
• Negative Sentiment: Broadcom has substantially underperformed Marvell in the custom-AI-chip trade this year, highlighting investor concerns that its strong growth prospects may already be reflected in the valuation. The stock also remains below its reported 50-day and 200-day moving averages, suggesting lingering technical pressure. Marvell vs. Broadcom: Which Custom AI Chip Stock Has More Room to Run?

Insider Activity at Broadcom

In related news, Director Gayla Delly sold 1,890 shares of the business's stock in a transaction that occurred on Wednesday, July 8th. The stock was 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 of the company's stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the firm's stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the sale, the insider directly owned 194,989 shares of the company's stock, valued at $78,254,935.37. This represents a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,890 shares of company stock valued at $20,241,368 over the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on AVGO shares. Wall Street Zen cut Broadcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Rothschild & Co Redburn boosted their price objective on Broadcom from $516.97 to $595.20 and gave the stock a "buy" rating in a report on Friday, June 5th. Lake Street Capital upgraded shares of Broadcom to a "buy" rating in a research report on Thursday, September 3rd. Cantor Fitzgerald raised their target price on shares of Broadcom from $525.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. Finally, Evercore set a $578.00 price target on shares of Broadcom and gave the stock an "outperform" rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Broadcom has an average rating of "Moderate Buy" and a consensus price target of $527.20.

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company's semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.

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