Focus Partners Advisor Solutions LLC purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 94,108 shares of the semiconductor manufacturer's stock, valued at approximately $35,549,000. Broadcom makes up about 0.3% of Focus Partners Advisor Solutions LLC's investment portfolio, making the stock its 21st largest position.
A number of other institutional investors and hedge funds also recently bought and sold shares of AVGO. Frontier Asset Management LLC bought a new stake in Broadcom during the 2nd quarter worth about $204,000. State of Wyoming acquired a new stake in shares of Broadcom in the second quarter valued at approximately $3,873,000. ABN AMRO Bank N.V. bought a new position in Broadcom in the 2nd quarter worth approximately $319,253,000. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in Broadcom during the 2nd quarter worth $5,666,000. Finally, Summit Asset Management LLC bought a new position in Broadcom in the 2nd quarter valued at $286,000. Institutional investors and hedge funds own 76.43% of the company's stock.
More Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Rackspace Technology launched a fully managed multitenant cloud platform based on Broadcom’s VMware Cloud Foundation 9.1. The deployment provides early commercial validation for Broadcom’s VMware strategy and targets regulated customers running Kubernetes and AI workloads. Broadcom (AVGO) Debuts VMware Cloud Foundation 9.1 In Managed Multitenant Cloud
- Positive Sentiment: Analysts continue to view Broadcom as a major beneficiary of the shift from AI training toward inference and agentic workloads, supporting the long-term outlook for its custom silicon and networking businesses. Broadcom Vs. Micron: Why They're So Strong as Capital Shifts to Inference and Agentic AI
- Positive Sentiment: Historical analysis argues that the loss or reduction of a major customer’s chip program does not necessarily imply sustained weakness; Broadcom’s revenue grew substantially after a comparable Apple-related concern in 2023. Broadcom Has Seen Its Biggest Customer Drop a Key Chip Before
- Neutral Sentiment: Upcoming NVIDIA earnings and guidance could move Broadcom and other AI stocks, making NVIDIA’s results an important read-through for AI infrastructure demand. NVIDIA Earnings Could Move These 3 AI Stocks
- Neutral Sentiment: Reported short-interest data showed no measurable short position, but the figures appear incomplete or erroneous, limiting their usefulness as a trading signal.
- Negative Sentiment: Analysts expect continued gross-margin contraction in the upcoming third-quarter report, raising concerns that Broadcom’s rapid AI expansion could pressure profitability. Broadcom Q3 Earnings Preview
- Negative Sentiment: Reports that Broadcom is arranging roughly $60 billion of AI-related financing, potentially through structures that keep debt off its balance sheet, have increased investor concerns about leverage, credit-default-swap risk and the ultimate scale of AI deployment obligations. Broadcom’s $60 Billion AI Debt Deal
- Negative Sentiment: Broadcom is also facing broader semiconductor-sector selling ahead of NVIDIA’s report, while Marvell’s expanded custom-chip agreement with Google has intensified worries about customer concentration and competitive pressure. Broadcom Stock Drops Amid Rising Credit Default Swap Concerns
Analyst Ratings Changes
Several equities research analysts have recently commented on AVGO shares. Bank of America lifted their price target on shares of Broadcom from $450.00 to $530.00 and gave the stock a "buy" rating in a research report on Thursday, June 4th. Zacks Research lowered shares of Broadcom from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. UBS Group set a $485.00 price target on Broadcom and gave the company a "buy" rating in a research note on Thursday, June 4th. BMO Capital Markets assumed coverage on Broadcom in a research note on Thursday, August 20th. They set an "outperform" rating and a $455.00 price objective for the company. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $525.00 target price on shares of Broadcom in a research note on Thursday, June 4th. Twenty-nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom currently has an average rating of "Moderate Buy" and an average price target of $491.97.
Get Our Latest Analysis on Broadcom
Insider Transactions at Broadcom
In other Broadcom news, Director Justine Page sold 1,602 shares of the company's 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 transaction, the director directly owned 17,426 shares of the company's stock, valued at $6,514,884.36. This represents a 8.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 25,000 shares of the business's stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the sale, the insider directly owned 194,989 shares of the company's stock, valued at $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. Over the last quarter, insiders have sold 61,644 shares of company stock valued at $24,016,214. Company insiders own 1.90% of the company's stock.
Broadcom Stock Performance
Shares of AVGO opened at $356.74 on Wednesday. The stock has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 59.46, a PEG ratio of 0.68 and a beta of 1.45. Broadcom Inc. has a 12 month low of $287.17 and a 12 month high of $495.00. The firm has a fifty day simple moving average of $387.47 and a 200 day simple moving average of $375.72. 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 (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating 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 business had revenue of $22.19 billion during the quarter, compared to analysts' expectations of $22.13 billion. During the same period last year, the business earned $1.58 earnings per share. The firm's revenue was up 47.9% on a year-over-year basis. Research analysts forecast that Broadcom Inc. will post 10.24 EPS for the current fiscal year.
Broadcom Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were 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 of this dividend was Monday, June 22nd. Broadcom's dividend payout ratio (DPR) is presently 43.33%.
About Broadcom
(
Free Report)
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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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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