First National Bank of Mount Dora Trust Investment Services Decreases Holdings in Broadcom Inc. $AVGO

Key Points

• First National Bank of Mount Dora Trust Investment Services cut its Broadcom stake by 3.4% in the second quarter, selling 1,385 shares. It still held 39,932 shares worth approximately $15.1 million, representing 3.0% of its portfolio.
• Broadcom reported quarterly earnings of $2.44 per share and revenue of $22.19 billion, beating analyst expectations; revenue increased 47.9% year over year. The company also pays a quarterly dividend of $0.65 per share, yielding approximately 0.6%.
• Analysts remain broadly bullish, with 28 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $493.24. Shares recently traded at $427.76, though the stock’s elevated valuation and broader AI-market volatility remain risks.

First National Bank of Mount Dora Trust Investment Services reduced its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,932 shares of the semiconductor manufacturer's stock after selling 1,385 shares during the period. Broadcom accounts for approximately 3.0% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 6th largest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Broadcom were worth $15,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVGO. ROSS JOHNSON & Associates LLC increased its position in 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 purchasing an additional 66 shares during the period. Networth Advisors LLC lifted its position in Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 71 shares during the period. SWAN Capital LLC boosted its stake in shares of 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 purchasing an additional 55 shares during the last quarter. Nvest Wealth Strategies Inc. bought a new position in shares of Broadcom in the 4th quarter valued at about $33,000. Finally, Family CFO Inc acquired a new stake in shares of Broadcom during the 4th quarter worth approximately $35,000. Institutional investors own 76.43% of the company's stock.

Broadcom Stock Up 1.7%

Shares of NASDAQ AVGO opened at $427.76 on Friday. Broadcom Inc. has a 52-week low of $281.87 and a 52-week 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 stock has a market cap of $2.04 trillion, a P/E ratio of 71.29, a P/E/G ratio of 0.82 and a beta of 1.45. The firm has a 50 day moving average price of $392.99 and a 200 day moving average price of $370.45.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.04. The company had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business's revenue for the quarter was up 47.9% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. Analysts expect that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom's dividend payout ratio (DPR) is presently 43.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. 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. UBS Group set a $485.00 target price on shares of Broadcom and gave the company a "buy" rating in a research report on Thursday, June 4th. The Goldman Sachs Group reissued a "buy" rating on shares of Broadcom in a research note on Monday, August 3rd. Citigroup restated a "buy" rating on shares of Broadcom in a research report on Thursday, June 4th. Finally, Benchmark lifted their price objective on Broadcom from $485.00 to $545.00 and gave the stock a "buy" rating in a research note on Thursday, June 4th. Twenty-eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and an average target price of $493.24.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI demand remains the primary catalyst. Analysts highlighted Broadcom’s record quarterly revenue of approximately $22.2 billion, 79% growth in semiconductor revenue, 143% growth in AI semiconductor revenue to $10.8 billion and more than $30 billion in AI bookings. The figures support the view that hyperscaler spending on custom chips, networking and connectivity is still expanding. Is the AI Selloff a Buying Opportunity? The Data Says Yes
• Positive Sentiment: Broadcom is being positioned as a beneficiary of AI infrastructure bottlenecks. Commentary identified networking equipment, optical interconnects and power delivery as supply-constrained areas, with Broadcom named among companies that could benefit as data-center construction accelerates. Other reports described the company as a leading AI infrastructure stock and a potentially attractive long-term chip investment. Beyond NVIDIA and GPUs: The Next AI and Quantum Winners Leading 2026 3 AI Infrastructure Stocks That Could Make You Rich in August
• Positive Sentiment: Product updates add support for Broadcom’s software business. New capabilities for VMware vDefend and Avi Load Balancer are intended to improve cybersecurity, performance and operational efficiency in private-cloud environments, potentially strengthening Broadcom’s infrastructure-software offering as enterprises prepare for AI workloads. Broadcom Enables Enterprises to Strengthen Multi-Layer Cyber Defense and Operational Efficiency
• Neutral Sentiment: Broadcom was included in stock screens favoring companies with high returns on equity and strong earnings growth. The favorable fundamental profile supports investor interest, but the articles offered no new company-specific financial data. 5 High ROE Stocks to Buy as Oil Price Surge Hits Short-Term Rally
• Negative Sentiment: Risks include stretched valuation and broader-market concerns. Coverage warned that AI stocks may face a normal pullback after a strong rally, while oil-price increases could revive inflation concerns. One investment firm also disclosed that it sold 3,867 Broadcom shares, though the transaction appears minor relative to the company’s overall market value. SCS Capital Trims Broadcom Stake

Insiders Place Their Bets

In other Broadcom news, Director Harry L. You purchased 1,000 shares of the stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the acquisition, the director directly owned 38,466 shares of the company's stock, valued at $14,369,743.62. The trade was a 2.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Justine Page sold 1,602 shares of the firm's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the sale, the director directly owned 17,426 shares in the company, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 61,644 shares of company stock valued at $24,016,214. Insiders own 1.90% of the company's stock.

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.

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.

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