Clear Harbor Asset Management LLC Invests $3.30 Million in Broadcom Inc. $AVGO

Key Points

• Clear Harbor Asset Management purchased 8,741 Broadcom shares worth approximately $3.30 million in the second quarter. Other institutions also initiated positions, with institutional investors collectively owning 76.43% of the stock.
• Broadcom reported strong quarterly results, including $29.59 billion in revenue, up 85.5% year over year, and non-GAAP EPS of $3.32 versus the $3.22 consensus estimate. AI semiconductor revenue surged 221% to $16.7 billion.
• The company’s fourth-quarter revenue outlook of about $34.8 billion fell slightly below analyst expectations, weighing on shares amid a premium valuation of roughly 61 times earnings. Analysts nevertheless maintain a “Moderate Buy” consensus with an average price target of $491.97.

Clear Harbor Asset Management LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,741 shares of the semiconductor manufacturer's stock, valued at approximately $3,302,000.

A number of other hedge funds also recently made changes to their positions in the stock. First Nebraska Trust Co bought a new position in Broadcom in the second quarter valued at $841,000. Kendall Capital Management bought a new stake in Broadcom during the second quarter worth about $17,271,000. Kirtland Hills Capital Management LLC bought a new stake in Broadcom during the second quarter worth about $3,331,000. Compass Financial Management LLC purchased a new position in shares of Broadcom in the 2nd quarter worth about $7,595,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Broadcom in the 2nd quarter worth about $61,457,000. 76.43% of the stock is owned by institutional investors.

Broadcom Trading Down 0.7%

NASDAQ AVGO opened at $367.24 on Thursday. The stock has a market cap of $1.75 trillion, a P/E ratio of 61.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The stock has a 50 day simple moving average of $384.15 and a two-hundred day simple moving average of $377.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to analysts' expectations of $29.24 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The business's revenue was up 85.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 earnings per share. On average, analysts forecast that Broadcom Inc. will post 10.24 earnings per share for the current year.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.59 billion, up 85.5% year over year, while non-GAAP EPS of $3.32 exceeded the $3.22 analyst consensus. GAAP profit rose sharply to $13.09 billion from $4.14 billion a year earlier. Broadcom third-quarter earnings report
• Positive Sentiment: AI semiconductor revenue reached $16.7 billion, increasing 221% year over year and 54% sequentially, highlighting strong demand for Broadcom’s custom AI accelerators. The company also generated $13.7 billion in free cash flow and declared a quarterly dividend of $0.65 per share. Broadcom AI semiconductor revenue and guidance
• Neutral Sentiment: Broadcom guided to approximately $34.8 billion in fourth-quarter revenue, representing 93% year-over-year growth, with non-GAAP operating margin of about 66%. The outlook still implies substantial growth, but management did not provide an EPS forecast in the reported guidance.
• Negative Sentiment: The fourth-quarter revenue forecast was below Wall Street expectations of roughly $35.0 billion to $35.03 billion. Investors viewed the shortfall as a sign that competition or execution risks could limit further gains from custom AI processors, particularly after the stock’s strong run and premium valuation. Reuters report on Broadcom guidance
• Negative Sentiment: Broadcom’s elevated valuation—approximately 61 times earnings—left little room for a merely solid outlook. Recent insider activity was also heavily weighted toward selling, although this is a secondary consideration compared with the earnings guidance.

Analyst Ratings Changes

AVGO has been the topic of a number of research reports. The Goldman Sachs Group reissued a "buy" rating on shares of Broadcom in a report on Monday, August 3rd. TD Cowen reaffirmed a "buy" rating and issued a $500.00 target price on shares of Broadcom in a research note on Thursday, June 4th. Benchmark increased their price target on shares of Broadcom from $485.00 to $545.00 and gave the company a "buy" rating in a research report on Thursday, June 4th. BMO Capital Markets initiated coverage on shares of Broadcom in a report on Thursday, August 20th. They issued an "outperform" rating and a $455.00 price objective for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Broadcom in a research note on Thursday, June 4th. Twenty-nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Broadcom presently has a consensus rating of "Moderate Buy" and an average target price of $491.97.

Insider Activity at Broadcom

In related news, Director Gayla J. Delly sold 1,890 shares of the company's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the sale, the director directly owned 31,326 shares of the company's stock, valued at $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Justine Page sold 1,602 shares of the stock in a transaction on Monday, June 29th. The stock was 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 approximately $6,514,884.36. This trade represents a 8.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is currently owned by company insiders.

Broadcom 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.

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