EverSource Wealth Advisors LLC Has $32.87 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• EverSource Wealth Advisors reduced its Broadcom stake by 15.5% in the second quarter, selling 15,970 shares. It still held 87,009 shares valued at $32.87 million, representing about 1.1% of its portfolio.
• Analysts remain broadly bullish: 29 analysts rate Broadcom a Buy and four rate it Hold, producing a “Moderate Buy” consensus and an average price target of $491.97.
• Broadcom reported strong operating momentum, with quarterly revenue up 47.9% year over year to $22.19 billion and EPS of $2.44, above estimates. However, potential debt-funded AI expansion and competition from Marvell in custom AI chips present risks.

EverSource Wealth Advisors LLC reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,009 shares of the semiconductor manufacturer's stock after selling 15,970 shares during the period. Broadcom accounts for approximately 1.1% of EverSource Wealth Advisors LLC's portfolio, making the stock its 17th biggest holding. EverSource Wealth Advisors LLC's holdings in Broadcom were worth $32,868,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. ROSS JOHNSON & Associates LLC grew its stake in shares of Broadcom by 1,320.0% in the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Networth Advisors LLC increased its stake in Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 71 shares during the period. SWAN Capital LLC raised its holdings in Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Nvest Wealth Strategies Inc. bought a new stake in shares of Broadcom in the 4th quarter worth approximately $33,000. Finally, Camelot Portfolios LLC acquired a new stake in shares of Broadcom during the 4th quarter worth approximately $45,000. 76.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AVGO shares. Susquehanna reissued a "positive" rating and issued a $490.00 price target (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Jefferies Financial Group set a $550.00 price objective on Broadcom and gave the company a "buy" rating in a report on Thursday, June 4th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $525.00 price objective on shares of Broadcom in a research note on Thursday, June 4th. Benchmark increased their target price on Broadcom from $485.00 to $545.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. Finally, DA Davidson raised their target price on Broadcom from $375.00 to $400.00 and gave the stock a "neutral" rating in a research report on Thursday, June 4th. Twenty-nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom currently has an average rating of "Moderate Buy" and an average price target of $491.97.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI financing deal could expand Broadcom’s growth opportunity: Broadcom is reportedly discussing $70 billion to $80 billion of debt financing—potentially approaching $100 billion—to provide AI chips to Anthropic and other companies. The arrangement could support substantial future chip demand, although the financing remains under discussion. Broadcom debt deal expected to reach upwards of $70 billion
• Positive Sentiment: Analysts remain constructive: BMO initiated coverage with an “outperform” rating and a $455 price target, implying meaningful upside from recent levels. Other recent commentary also argues that Broadcom’s AI cycle and long-term custom-chip position could support further gains. Broadcom Stock Picks Up Another Lofty Bull Note
• Positive Sentiment: Strong AI demand underpins the bullish case: Reports cite approximately $30 billion in quarterly AI bookings and management’s goal of exceeding $100 billion in AI sales by 2027. Broadcom’s latest reported quarter also showed 47.9% year-over-year revenue growth, reinforcing the company’s momentum. Broadcom's AI Boom: Is a 2x Stock Gain Still Within Reach?
• Neutral Sentiment: Debt-funded expansion introduces execution and balance-sheet risk: Borrowing tens of billions of dollars could accelerate AI infrastructure growth, but it would also increase leverage and financing costs if customer demand or deal economics disappoint. Broadcom reportedly eyes nearly $100 billion debt package
• Negative Sentiment: Marvell’s Google partnership threatens Broadcom’s custom AI-chip dominance: Marvell’s agreement covers products connected to Google’s TPU ecosystem, including inference accelerators and networking components. Google also received warrants that could align it more closely with Marvell, raising concerns about future share loss for Broadcom despite Broadcom’s existing multiyear Google partnership. Marvell Constructs an AI Moat With Alphabet Warrants

Broadcom Stock Performance

Shares of AVGO opened at $368.45 on Friday. The firm has a market cap of $1.75 trillion, a P/E ratio of 61.41, a PEG ratio of 0.69 and a beta of 1.45. Broadcom Inc. has a twelve month low of $287.17 and a twelve month high of $495.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24. The firm's 50 day moving average price is $388.57 and its two-hundred day moving average price is $374.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm had revenue of $22.19 billion during the quarter, compared to analysts' expectations of $22.13 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The business's quarterly revenue was up 47.9% compared to the same quarter last year. On average, analysts forecast that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's payout ratio is currently 43.33%.

Insider Buying and Selling

In other Broadcom news, Director Justine Page sold 1,602 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the sale, the director owned 17,426 shares in the company, valued at $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Harry L. You purchased 1,000 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the purchase, the director directly owned 38,466 shares of the company's stock, valued at approximately $14,369,743.62. This represents a 2.67% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is owned by insiders.

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.

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