Cooper Haims Advisors LLC Makes New $630,000 Investment in Broadcom Inc. $AVGO

Key Points

• Cooper Haims Advisors LLC initiated a $630,000 Broadcom position by purchasing 1,667 shares in the second quarter. Institutional investors collectively own 76.43% of the company.
• Broadcom surpassed quarterly expectations, reporting adjusted EPS of $3.32 and revenue of $29.59 billion, with revenue up 85.5% year over year. AI semiconductor revenue rose 221% to $16.7 billion, and management raised its long-term AI revenue outlook.
• Despite strong AI momentum and a consensus “Moderate Buy” rating, investors remain concerned about Broadcom’s slightly disappointing fourth-quarter revenue guidance, margin pressure, customer concentration and data-center supply constraints.

Cooper Haims Advisors LLC bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,667 shares of the semiconductor manufacturer's stock, valued at approximately $630,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Broadcom during the 4th quarter worth $24,252,196,000. Legal & General Group Plc bought a new stake in Broadcom during the 2nd quarter valued at $11,998,148,000. Bank of New York Mellon Corp purchased a new stake in shares of Broadcom in the 2nd quarter worth $10,528,191,000. Deutsche Bank AG purchased a new stake in shares of Broadcom in the 2nd quarter worth $5,661,216,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Broadcom during the 2nd quarter worth $4,920,178,000. Institutional investors own 76.43% of the company's stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Investor interest in Broadcom’s AI opportunity remains strong. AI semiconductor revenue surged 221% year over year to $16.7 billion, while management raised its AI revenue outlook to approximately $115 billion for fiscal 2027 and $230 billion for fiscal 2028. Several analysts and commentators view the selloff as a buying opportunity. The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
• Positive Sentiment: Analysts continue to see substantial upside despite some target reductions. Truist maintained a buy rating with a $520 target, while other firms cited targets ranging from $575 to $600. Macquarie upgraded Broadcom to Outperform, citing strong custom-chip growth and reduced concerns about customers developing chips internally. These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings
• Positive Sentiment: Unusual options activity provided another bullish trading signal: investors purchased roughly 373,000 call options, about 26% above average call volume. Broadcom also declared a quarterly dividend of $0.65 per share, payable September 30 to eligible shareholders.
• Neutral Sentiment: Broadcom beat quarterly expectations with adjusted earnings of $3.32 per share versus a $3.22 consensus and revenue of $29.59 billion. The company’s long-term AI demand commentary was strong, but investors are focused on whether supply, power, land and data-center construction constraints can limit near-term shipments. Broadcom CEO Says AI Demand Could Be Significantly Higher
• Negative Sentiment: The main pressure remains Broadcom’s fourth-quarter revenue outlook of $34.8 billion, slightly below Wall Street’s roughly $35.0 billion expectation. The modest guidance miss, concerns about margin compression and customer concentration—including major AI customers—caused the initial sell-the-news reaction despite excellent AI growth.
• Negative Sentiment: Third Point disclosed that it exited its remaining Broadcom position during the second quarter. Although the holding was relatively small, the sale adds to caution around elevated valuation and expectations for the AI-chip cycle.

Insider Activity at Broadcom

In related news, Director Harry L. You purchased 1,000 shares of the business's stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the purchase, the director owned 38,466 shares of the company's stock, valued at $14,369,743.62. This trade represents a 2.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Brazeal sold 25,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider directly owned 194,989 shares of the company's stock, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,644 shares of company stock worth $24,016,214 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $357.89 on Friday. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The company has a market cap of $1.70 trillion, a PE ratio of 45.71, a P/E/G ratio of 0.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.01 and a current ratio of 2.50. The business has a 50-day simple moving average of $383.57 and a two-hundred day simple moving average of $377.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company's revenue for the quarter was up 85.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. As a group, equities analysts expect that Broadcom Inc. will post 10.25 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom's payout ratio is currently 33.21%.

Analysts Set New Price Targets

AVGO has been the topic of several research reports. UBS Group lowered Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday. Wall Street Zen lowered shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Oppenheimer reiterated an "outperform" rating and set a $535.00 target price (up from $450.00) on shares of Broadcom in a report on Thursday, June 4th. Royal Bank Of Canada began coverage on shares of Broadcom in a research report on Thursday. They set an "outperform" rating on the stock. Finally, Jefferies Financial Group started coverage on shares of Broadcom in a research report on Thursday. They set a "buy" rating on the stock. Thirty-one analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus target price of $500.60.

About Broadcom

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source