Financial Enhancement Group LLC Has $12.66 Million Stake in Broadcom Inc. $AVGO

Key Points

• Financial Enhancement Group LLC increased its Broadcom stake by 4.0% in the first quarter, holding 40,902 shares valued at about $12.66 million. Broadcom now makes up 1.6% of the fund’s portfolio.
• Broadcom reported strong quarterly results, with earnings of $2.44 per share and revenue of $22.19 billion, both ahead of expectations. Revenue jumped 47.9% year over year, and analysts expect continued earnings growth this fiscal year.
• The company also announced a quarterly dividend of $0.65 per share, while multiple Wall Street firms raised price targets and maintained bullish ratings. Recent insider stock sales and a broader AI-sector pullback may be weighing on sentiment, but analysts remain generally positive on AVGO.

Financial Enhancement Group LLC grew its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,902 shares of the semiconductor manufacturer's stock after acquiring an additional 1,592 shares during the period. Broadcom accounts for 1.6% of Financial Enhancement Group LLC's portfolio, making the stock its 22nd largest holding. Financial Enhancement Group LLC's holdings in Broadcom were worth $12,660,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. ROSS JOHNSON & Associates LLC raised its position in Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. SWAN Capital LLC grew its holdings in shares of Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Miller Global Investments LLC bought a new stake in shares of Broadcom during the fourth quarter worth $31,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Broadcom during the fourth quarter worth $33,000. Finally, Family CFO Inc acquired a new stake in shares of Broadcom in the fourth quarter valued at $35,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Down 3.7%

Broadcom stock opened at $365.02 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a 1-year low of $262.66 and a 1-year high of $495.00. The company has a fifty day simple moving average of $411.70 and a 200 day simple moving average of $363.35. The company has a market cap of $1.74 trillion, a P/E ratio of 60.84, a price-to-earnings-growth ratio of 0.64 and a beta of 1.41.

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, topping the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $22.19 billion for the quarter, compared to analysts' expectations of $22.13 billion. During the same period in the previous year, the firm posted $1.58 EPS. The company's revenue for the quarter was up 47.9% on a year-over-year basis. Research analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, June 22nd. Broadcom's dividend payout ratio is presently 43.33%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: OpenAI and Broadcom unveiled “Jalapeño,” a custom AI accelerator built for LLM inference, reinforcing Broadcom’s growing role in AI chip design and improving revenue visibility as deployment is expected in late 2026. Article Title
• Positive Sentiment: Additional coverage highlighted the Jalapeño AI accelerator as a sign that Broadcom is expanding its custom AI silicon roadmap, which could strengthen its position in high-margin AI infrastructure sales. Article Title
• Positive Sentiment: Analysts continue to view Broadcom as a favored long-term AI chip stock, with strong buy ratings reinforcing confidence in the company’s AI and networking growth outlook. Article Title
• Neutral Sentiment: A market note suggested investors may want to “buy the chip dip” and avoid hyperscalers for now, which is supportive for semiconductor names like Broadcom but does not specifically change AVGO’s fundamentals. Article Title
• Negative Sentiment: Broader AI-sector selloff headlines are weighing on sentiment across major tech leaders, suggesting valuation concerns may continue to pressure Broadcom despite its strong fundamentals. Article Title
• Negative Sentiment: One valuation-focused article argued that Broadcom and Marvell may face a “dangerous valuation gap,” which could raise investor concern that AVGO’s premium pricing is getting stretched. Article Title

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $515.00 price target (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. Morgan Stanley set a $502.00 price objective on shares of Broadcom and gave the company an "overweight" rating in a research report on Thursday, June 4th. KeyCorp reaffirmed an "overweight" rating and issued a $575.00 target price (up from $500.00) on shares of Broadcom in a research note on Thursday, June 4th. Benchmark upped their target price on shares of Broadcom from $485.00 to $545.00 and gave the stock a "buy" rating in a research report on Thursday, June 4th. Finally, UBS Group set a $485.00 price target on shares of Broadcom and gave the company a "buy" rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Broadcom presently has a consensus rating of "Moderate Buy" and a consensus price target of $493.24.

Insider Activity

In other Broadcom news, insider S. Ram Velaga sold 17,260 shares of the company's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $352.12, for a total transaction of $6,077,591.20. Following the sale, the insider directly owned 65,932 shares of the company's stock, valued at approximately $23,215,975.84. This represents a 20.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 4,825 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $394.91, for a total transaction of $1,905,440.75. Following the completion of the sale, the insider owned 269,989 shares of the company's stock, valued at approximately $106,621,355.99. This represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 59,385 shares of company stock valued at $21,301,057. Corporate insiders own 1.90% of the company's stock.

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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