Knollwood Investment Advisory LLC Has $25.71 Million Holdings in Broadcom Inc. $AVGO

Key Points

• Knollwood Investment Advisory increased its Broadcom stake by 52.7% in the second quarter, bringing its holdings to 68,063 shares valued at approximately $25.71 million. Institutional investors collectively own 76.43% of AVGO.
• Broadcom reported strong quarterly results, with adjusted EPS of $3.32 and revenue of $29.59 billion, up 85.5% year over year and above analyst expectations. The company also declared a quarterly dividend of $0.65 per share.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $505.97 price target, supported by expectations for substantial AI semiconductor growth. However, elevated valuation, rising yields and potential competition from in-house chip efforts pose risks.

Knollwood Investment Advisory LLC grew its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 52.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,063 shares of the semiconductor manufacturer's stock after purchasing an additional 23,491 shares during the quarter. Broadcom comprises about 2.3% of Knollwood Investment Advisory LLC's investment portfolio, making the stock its 9th largest position. Knollwood Investment Advisory LLC's holdings in Broadcom were worth $25,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVGO. Cornerstone Advisors LLC bought a new stake in shares of Broadcom during the 2nd quarter valued at $92,522,000. Bank of America Corp DE boosted its position in shares of Broadcom by 1.5% in the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock worth $18,179,719,000 after purchasing an additional 894,564 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Broadcom during the second quarter worth $3,302,000. Bartlett & CO. Wealth Management LLC grew its stake 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 worth $34,061,000 after purchasing an additional 62,050 shares during the period. Finally, First Bank & Trust increased its holdings in Broadcom by 17.2% in the second quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer's stock valued at $3,968,000 after purchasing an additional 1,545 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analyst upgrade: Piper Sandler upgraded Broadcom to “strong buy,” reinforcing confidence in the company’s earnings growth and AI semiconductor outlook. Zacks Broadcom analyst upgrade
• Positive Sentiment: AI revenue expectations remain a major catalyst: Broadcom projects approximately $115 billion in AI semiconductor revenue for fiscal 2027 and $230 billion for fiscal 2028. Custom accelerators and networking products are benefiting from hyperscalers seeking lower-cost, workload-specific alternatives to Nvidia’s chips. Broadcom AI semiconductor revenue forecast
• Positive Sentiment: Strong customer demand: OpenAI, Anthropic, Alphabet and Meta are cited as buyers or potential buyers of Broadcom-designed accelerators, supporting the view that the company can gain share as AI infrastructure becomes more diversified. Broadcom custom AI accelerator demand
• Positive Sentiment: Recent execution was solid: Broadcom exceeded quarterly earnings and revenue estimates, while revenue rose sharply year over year. Analysts continue to argue that improving profits could eventually support a significantly higher valuation. Broadcom earnings and analyst coverage
• Neutral Sentiment: Market and valuation backdrop: Rising Treasury yields and a high earnings multiple are encouraging investors to scrutinize expensive AI stocks, even when long-term demand remains strong. Broadcom’s ability to deliver on its 2027–2028 forecasts will be critical.
• Negative Sentiment: Competitive uncertainty: Google’s internal chip efforts and OpenAI’s newly disclosed Samsung partnership have raised questions about whether some future custom-chip business could bypass Broadcom. The impact is unclear, but the developments may pressure near-term sentiment. Broadcom Google chip risks

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVGO. Morgan Stanley reissued an "overweight" rating and issued a $505.00 target price (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. BMO Capital Markets boosted their target price on Broadcom from $455.00 to $575.00 and gave the stock an "outperform" rating in a research report on Thursday, September 3rd. KeyCorp reaffirmed an "overweight" rating and issued a $575.00 price target on shares of Broadcom in a research note on Thursday, September 3rd. Zacks Research downgraded shares of Broadcom from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Finally, Rosenblatt Securities began coverage on shares of Broadcom in a research note on Thursday, September 3rd. They set a "buy" rating and a $600.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $505.97.

Broadcom Stock Performance

AVGO stock opened at $361.99 on Monday. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.73 trillion, a PE ratio of 46.23 and a beta of 1.44. The business's 50-day moving average price is $383.03 and its two-hundred day moving average price is $378.66.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced 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 company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company's revenue for the quarter was up 85.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.69 earnings per share. As a group, research analysts forecast that Broadcom Inc. will post 10.36 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. Investors of record on Monday, September 21st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom's dividend payout ratio is presently 33.21%.

Insider Buying and Selling

In other Broadcom news, Director Justine Page sold 1,602 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction that occurred 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 transaction, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is owned by corporate insiders.

Broadcom Profile

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.

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.