Investor s Fiduciary Advisor Network LLC Buys Shares of 7,262 Broadcom Inc. $AVGO

Key Points

• Investor’s Fiduciary Advisor Network LLC initiated a Broadcom position by purchasing 7,262 shares valued at approximately $2.74 million. Institutional investors collectively own 76.43% of the company.
• Broadcom exceeded quarterly earnings and revenue estimates, reporting $3.32 in EPS and $29.59 billion in revenue, up 85.5% year over year. However, shares fell 2.7% after the company’s fourth-quarter revenue outlook came in slightly below Wall Street expectations.
• Analysts maintain a broadly positive view, with 31 Buy ratings and four Holds and an average price target of $501.77. Broadcom also declared a quarterly dividend of $0.65 per share, representing a 0.7% annualized yield.

Investor s Fiduciary Advisor Network LLC bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,262 shares of the semiconductor manufacturer's stock, valued at approximately $2,743,000. Broadcom accounts for about 0.9% of Investor s Fiduciary Advisor Network LLC's investment portfolio, making the stock its 25th largest position.

A number of other institutional investors also recently bought and sold shares of the company. Cornerstone Advisors LLC bought a new stake in Broadcom during the second quarter valued at about $92,522,000. Bank of America Corp DE lifted its holdings in shares of Broadcom by 1.5% in the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock worth $18,179,719,000 after buying an additional 894,564 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new position in Broadcom during the second quarter valued at $3,302,000. Bartlett & CO. Wealth Management LLC grew its position in shares of Broadcom by 129.3% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer's stock valued at $34,061,000 after purchasing an additional 62,050 shares in the last quarter. Finally, First Bank & Trust increased its stake in Broadcom by 17.2% in the 2nd quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer's stock worth $3,968,000 after acquiring an additional 1,545 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Insiders Place Their Bets

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harry L. You bought 1,000 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $373.57 per share, with a total value of $373,570.00. Following the purchase, the director directly owned 38,466 shares of the company's stock, valued at approximately $14,369,743.62. This represents a 2.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is owned by company insiders.

Broadcom Trading Down 2.7%

Shares of Broadcom stock opened at $357.16 on Friday. The stock has a market cap of $1.70 trillion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 0.70 and a beta of 1.44. The firm has a fifty day moving average price of $383.71 and a 200 day moving average price of $377.36. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 50.76% and a net margin of 42.94%.Broadcom's revenue for the quarter was up 85.5% compared to the same quarter last year. During the same period last year, the company earned $1.69 earnings per share. Equities research analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.65 per share. The ex-dividend date is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 43.33%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Broadcom in a research report on Thursday. They set a "buy" rating on the stock. Weiss Ratings lowered shares of Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. BMO Capital Markets increased their target price on shares of Broadcom from $455.00 to $575.00 and gave the stock an "outperform" rating in a report on Thursday. Cantor Fitzgerald boosted their price objective on shares of Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Susquehanna restated 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. Thirty-one research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $501.77.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86% year over year, and non-GAAP EPS of $3.32, exceeding estimates of $29.43 billion and $3.22. AI semiconductor revenue surged 221% to $16.7 billion, while free cash flow reached $13.7 billion. Broadcom fiscal third-quarter results
• Positive Sentiment: Management raised its fiscal 2027 AI revenue outlook to $115 billion and projected $230 billion in fiscal 2028, alongside confidence in fiscal 2027 EPS of at least $30. Analysts including Macquarie, Cantor Fitzgerald, BMO and Rosenblatt responded with upgrades or higher price targets, supporting the long-term AI investment case. Broadcom AI growth outlook
• Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, payable September 30 to shareholders of record September 21. The dividend provides modest income but is unlikely to drive the stock’s near-term performance. Broadcom dividend announcement
• Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion was below Wall Street’s roughly $35.0 billion expectation. Investors viewed the outlook as insufficient given AVGO’s premium valuation and elevated AI expectations, overshadowing the earnings beat. Broadcom forecasts quarterly revenue below estimates
• Negative Sentiment: Investors are also weighing supply constraints involving power, land, chips and substrates, along with customer concentration among major hyperscalers such as Alphabet, Anthropic and OpenAI. Competition from custom-chip rivals, including Marvell, adds uncertainty to the ambitious long-term forecast. Broadcom AI supply constraints
• Negative Sentiment: Recent disclosures that Third Point exited its Broadcom position and that company insiders have overwhelmingly sold shares may reinforce profit-taking concerns, although these transactions are not necessarily indicative of deteriorating fundamentals. Dan Loeb exits Broadcom position

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.

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