JNBA Financial Advisors Buys 3,783 Shares of Broadcom Inc. $AVGO

JNBA Financial Advisors grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 720.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,308 shares of the semiconductor manufacturer's stock after acquiring an additional 3,783 shares during the quarter. JNBA Financial Advisors' holdings in Broadcom were worth $1,627,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AVGO. Advocacy Wealth Management LLC bought a new position in shares of Broadcom during the 2nd quarter valued at approximately $549,000. BTG Pactual Asset Management US LLC raised its stake in Broadcom by 179.4% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 28,500 shares of the semiconductor manufacturer's stock worth $10,766,000 after acquiring an additional 18,299 shares during the period. Oarsman Capital Inc. lifted its holdings in Broadcom by 1.0% during the second quarter. Oarsman Capital Inc. now owns 25,549 shares of the semiconductor manufacturer's stock valued at $9,651,000 after purchasing an additional 260 shares in the last quarter. Rothschild Capital Partners LLC lifted its holdings in Broadcom by 2.9% during the second quarter. Rothschild Capital Partners LLC now owns 3,766 shares of the semiconductor manufacturer's stock valued at $1,423,000 after purchasing an additional 107 shares in the last quarter. Finally, Fosun International Ltd boosted its position in shares of Broadcom by 464.5% in the second quarter. Fosun International Ltd now owns 8,597 shares of the semiconductor manufacturer's stock worth $3,248,000 after purchasing an additional 7,074 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported record AI semiconductor revenue of approximately $16.7 billion and projected that the business could generate about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Custom AI accelerators and networking products are benefiting from heavy spending by hyperscalers. Broadcom Q3 2026 earnings call transcript
• Positive Sentiment: OpenAI’s selection of Broadcom for its first custom AI chip reinforces the company’s position as a key supplier to major AI developers. OpenAI’s planned $750 billion of compute infrastructure spending through 2030 could expand the addressable market for Broadcom’s chips and connectivity technology. OpenAI compute spending article
• Positive Sentiment: Several analysts and investment articles continue to argue that Broadcom’s custom-silicon and networking exposure could support substantial long-term earnings growth, with some bullish scenarios implying a share price near $900. Wall Street’s broader outlook remains constructive despite the recent pullback. Wall Street Broadcom price target article
• Neutral Sentiment: Reported short-interest data shows zero shares sold short and a zero-day days-to-cover ratio, offering no meaningful evidence that short sellers are driving the stock’s recent weakness.
• Negative Sentiment: Broadcom’s fiscal fourth-quarter revenue outlook reportedly fell short of Wall Street expectations. That softer near-term forecast led Truist to reduce its price target, highlighting a mismatch between rapidly rising long-term AI projections and nearer-term revenue timing. Truist cuts Broadcom price target
• Negative Sentiment: Investors are also focused on valuation and competitive risks, including potential AI-chip efforts by Google, Samsung, and other suppliers. Rising Treasury yields make high-multiple growth stocks less attractive and increase the market’s demand for continued earnings beats.

Analysts Set New Price Targets

Several brokerages have recently commented on AVGO. Rosenblatt Securities started coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set a "buy" rating and a $600.00 price objective on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $505.00 target price (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Zacks Research lowered Broadcom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. Citigroup reissued a "buy" rating and set a $515.00 price target (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $545.00 price objective (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Thirty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $505.97.

Insider Transactions at Broadcom

In other news, insider Mark Brazeal sold 25,000 shares of the business's stock in a transaction on 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 approximately $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 1,602 shares of the business's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is currently owned by insiders.

Broadcom Stock Down 1.0%

Shares of NASDAQ AVGO opened at $360.83 on Friday. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The firm has a 50-day simple moving average of $383.00 and a two-hundred day simple moving average of $378.43. The company has a market cap of $1.72 trillion, a P/E ratio of 46.08 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The firm had revenue of $29.59 billion for the quarter, compared to analysts' expectations of $29.24 billion. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The company's quarterly revenue was up 85.5% on a year-over-year basis. Research analysts anticipate that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

About Broadcom

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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