Fund Advisors of America Inc FL Invests $795,000 in Broadcom Inc. $AVGO

Key Points

• Fund Advisors of America purchased 2,104 Broadcom shares worth approximately $795,000, while institutional investors collectively own 76.43% of the company.
• Broadcom’s latest quarterly results exceeded expectations, with EPS of $2.44 versus $2.40 estimated and revenue of $22.19 billion, up 47.9% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and average price target of $491.97, although the stock’s roughly 62 P/E ratio and recent insider selling present valuation risks.

Fund Advisors of America Inc FL bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,104 shares of the semiconductor manufacturer's stock, valued at approximately $795,000.

A number of other large investors also recently made changes to their positions in the company. ROSS JOHNSON & Associates LLC grew its holdings 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 buying an additional 66 shares in the last quarter. Networth Advisors LLC lifted its holdings in shares of Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 71 shares in the last quarter. SWAN Capital LLC lifted 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 buying an additional 55 shares in the last quarter. Harborfront Financial Group LLC bought a new stake in shares of Broadcom in the second quarter valued at about $38,000. Finally, Camelot Portfolios LLC bought a new stake in shares of Broadcom in the fourth quarter valued at about $45,000. Institutional investors own 76.43% of the company's stock.

Insider Activity

In other Broadcom news, Director Justine Page sold 1,602 shares of the firm'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 sale, the director owned 17,426 shares of the company's stock, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harry L. You purchased 1,000 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the purchase, the director owned 38,466 shares in the company, valued at approximately $14,369,743.62. The trade was a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is owned by insiders.

Broadcom Trading Down 0.2%

AVGO opened at $369.68 on Wednesday. Broadcom Inc. has a twelve month low of $287.17 and a twelve month high of $495.00. The company has a 50-day simple moving average of $384.43 and a 200 day simple moving average of $376.88. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.76 trillion, a price-to-earnings ratio of 61.61, a P/E/G ratio of 0.71 and a beta of 1.44.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its 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. The firm 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 quarterly revenue was up 47.9% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. Analysts predict that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled VMware Private AI Cloud, including VMware AI Factory, AI-ready data foundations and support for more than 150 commercial and open-source models. The platform is designed to reduce AI infrastructure deployment from weeks to hours, improve GPU utilization and give enterprises greater control over AI costs. Broadcom launches private AI cloud tools
• Positive Sentiment: New VMware capabilities—AgentMinder, vDefend and Avi Load Balancer—target security, identity, governance and observability for autonomous AI agents. The launches could strengthen Broadcom’s position in enterprise hybrid-cloud and private-AI deployments while creating additional infrastructure-software opportunities. Broadcom agentic AI security announcement
• Positive Sentiment: Broadcom also launched TrueSource, a commercially supported portfolio of verified open-source software covering Spring, Java, Python, Node.js, PostgreSQL, MySQL and other data engines. The offering may expand recurring software revenue and address growing enterprise demand for secure software supply chains. Broadcom TrueSource announcement
• Neutral Sentiment: Analysts expect another sharp increase in quarterly results, with consensus estimates cited near $29.4 billion in revenue and $3.24 in EPS. Investors will focus on AI-chip demand, hyperscaler custom-ASIC growth, VMware execution, margins and forward guidance when AVGO reports after the market closes on September 2. Broadcom Q3 earnings preview
• Neutral Sentiment: Optimistic coverage points to a median analyst price target of $525 and potential upside from backlog strength, while technical commentary identifies the current area as important support. However, the stock’s reaction may depend more on results and guidance than on existing bullish targets. Broadcom Wall Street outlook
• Negative Sentiment: Semiconductor shares broadly weakened as a global bond selloff pushed long-term yields higher, pressuring high-multiple technology stocks. Broadcom also faces elevated expectations, a valuation near 62 times earnings, margin concerns and competitive pressure from Nvidia, Nutanix and Microsoft. Reported insider activity is heavily weighted toward sales, adding another cautionary signal. Semiconductor stocks and rising yields

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AVGO shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $400.00 price target on shares of Broadcom in a research report on Wednesday, August 26th. BMO Capital Markets started coverage on shares of Broadcom in a report on Thursday, August 20th. They issued an "outperform" rating and a $455.00 price objective for the company. Rosenblatt Securities restated a "buy" rating and set a $500.00 target price on shares of Broadcom in a research report on Thursday, June 4th. Morgan Stanley set a $502.00 target price on shares of Broadcom and gave the stock an "overweight" rating in a report on Thursday, June 4th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $545.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Twenty-nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $491.97.

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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