Fulcrum Asset Management LLP Has $15.92 Million Holdings in Broadcom Inc. $AVGO

Key Points

• Fulcrum Asset Management reduced its Broadcom stake by 40.6% in the second quarter, selling 29,196 shares and retaining 42,754 shares valued at approximately $15.92 million.
• Broadcom exceeded quarterly expectations with adjusted EPS of $3.32 and revenue of $29.59 billion, up 85.5% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $504.93.
• AI remains Broadcom’s primary growth driver: the company raised its fiscal 2027 AI-semiconductor revenue forecast to about $115 billion, though investors remain watchful of its premium valuation, customer concentration, supply constraints and potential margin pressure.

Fulcrum Asset Management LLP cut its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 40.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,754 shares of the semiconductor manufacturer's stock after selling 29,196 shares during the quarter. Broadcom makes up about 1.6% of Fulcrum Asset Management LLP's investment portfolio, making the stock its 8th largest position. Fulcrum Asset Management LLP's holdings in Broadcom were worth $15,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Liontrust Investment Partners LLP increased its position in Broadcom by 3.7% during the 2nd quarter. Liontrust Investment Partners LLP now owns 642,254 shares of the semiconductor manufacturer's stock valued at $242,611,000 after purchasing an additional 22,702 shares during the period. Glenview Trust Co purchased a new stake in shares of Broadcom in the 2nd quarter worth approximately $147,696,000. Concorde Asset Management LLC lifted its position in shares of Broadcom by 5.5% in the 2nd quarter. Concorde Asset Management LLC now owns 2,186 shares of the semiconductor manufacturer's stock worth $826,000 after purchasing an additional 114 shares during the period. Balanced Rock Investment Advisors LLC boosted its stake in shares of Broadcom by 20.3% during the second quarter. Balanced Rock Investment Advisors LLC now owns 937 shares of the semiconductor manufacturer's stock valued at $354,000 after purchasing an additional 158 shares in the last quarter. Finally, Dearborn Partners LLC bought a new position in shares of Broadcom during the second quarter valued at approximately $3,862,000. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AVGO. TD Cowen reissued a "buy" rating and issued a $475.00 price objective (down from $500.00) on shares of Broadcom in a research note on Thursday. Wells Fargo & Company reaffirmed an "overweight" rating and set a $545.00 target price (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Susquehanna reiterated a "positive" rating and issued a $490.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Lake Street Capital raised Broadcom to a "buy" rating in a research report on Thursday. Finally, Wall Street Zen cut Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Thirty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and an average price target of $504.93.

Insiders Place Their Bets

In other Broadcom news, Director Justine Page sold 1,602 shares of the 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 completion of the sale, the director directly owned 17,426 shares in the company, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the firm's stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value 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 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. Over the last quarter, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is currently owned by corporate insiders.

Broadcom Stock Performance

NASDAQ:AVGO opened at $357.89 on Tuesday. The stock has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 45.71 and a beta of 1.44. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $383.28 and a 200 day moving average of $377.77.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business's revenue for the quarter was up 85.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.69 earnings per share. As a group, sell-side analysts anticipate that Broadcom Inc. will post 10.25 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid 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, September 21st. Broadcom's payout ratio is 33.21%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom raised its fiscal 2027 AI-semiconductor revenue forecast to approximately $115 billion, up from more than $100 billion previously, and reportedly sees potential for about $230 billion in fiscal 2028. The outlook reflects sustained spending by hyperscalers on custom accelerators and AI infrastructure. Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Just Nvidia GPUs
• Positive Sentiment: AI semiconductor revenue reportedly jumped 221% to $16.7 billion in the latest quarter. Broadcom is benefiting as large technology companies seek alternatives or complements to Nvidia GPUs, particularly for inference workloads, custom silicon and high-speed data-center networking. Broadcom Inc. Stock: Rises as Custom AI Silicon Fuels Massive Growth Outlook
• Positive Sentiment: Analysts and financial commentators increasingly characterize Broadcom as a major beneficiary of the expansion of customized AI infrastructure, alongside its strong free-cash-flow generation and AI networking exposure. The company’s custom-chip strategy could also pressure competitors such as AMD in hyperscaler accounts. Broadcom stock: Why the AI chipmaker’s growth story is gaining steam
• Neutral Sentiment: High-volume purchases of Broadcom call options indicate speculative bullish interest, but options activity does not guarantee sustained buying in the shares. Stock Traders Purchase High Volume of Broadcom Call Options
• Negative Sentiment: Investors remain concerned about Broadcom’s premium valuation, possible margin pressure, supply constraints and dependence on a limited number of large customers. These risks help explain why the stock has declined over the past three months despite its strong AI growth outlook. Broadcom Drops 10% in 3 Months: Buy, Sell or Hold the Stock?

Broadcom Company 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.

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