NewEdge Advisors LLC Has $355.08 Million Holdings in Broadcom Inc. $AVGO

Key Points

• NewEdge Advisors reduced its Broadcom position by 0.8% in the second quarter but still held 939,989 shares worth approximately $355.1 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom exceeded quarterly expectations, reporting $3.32 in earnings per share and $29.59 billion in revenue, with revenue up 85.5% year over year. The company also declared a quarterly dividend of $0.65 per share, equivalent to a 0.7% annual yield.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $509.04. The main growth catalyst is demand for custom AI chips and infrastructure, although concerns about a potential slowdown in hyperscaler AI spending remain.

NewEdge Advisors LLC lessened its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 939,989 shares of the semiconductor manufacturer's stock after selling 8,038 shares during the period. Broadcom accounts for 1.0% of NewEdge Advisors LLC's holdings, making the stock its 11th biggest holding. NewEdge Advisors LLC's holdings in Broadcom were worth $355,081,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AVGO. Networth Advisors LLC raised its position in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Harborfront Financial Group LLC acquired a new stake in Broadcom during the second quarter worth approximately $38,000. Cherry Tree Wealth Management LLC grew its stake in Broadcom by 44.9% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock worth $45,000 after purchasing an additional 40 shares during the period. Godfrey Financial Associates Inc. bought a new stake in Broadcom in the fourth quarter worth approximately $56,000. Finally, Coppell Advisory Solutions LLC bought a new stake in Broadcom in the second quarter worth approximately $60,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In other news, Director Justine Page sold 1,602 shares of the company's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the sale, the director owned 17,426 shares in the company, valued at $6,514,884.36. This represents a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the sale, the director owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 53,492 shares of company stock worth $20,840,292. Corporate insiders own 1.90% of the company's stock.

Broadcom Stock Performance

Shares of AVGO opened at $347.30 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The stock has a 50 day moving average price of $379.76 and a two-hundred day moving average price of $379.16. The firm has a market capitalization of $1.66 trillion, a P/E ratio of 44.36 and a beta of 1.44. Broadcom Inc. has a 52 week low of $289.96 and a 52 week 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 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.69 earnings per share. Equities analysts forecast that Broadcom Inc. will post 10.36 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a $0.65 dividend. 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%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip opportunity remains the main bullish catalyst. Management forecasts AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, while recent reports say AI chip orders are tripling. Investors are looking for evidence that these orders will translate into revenue and earnings growth. Investors Want to Know When Broadcom’s Custom Hyperscaler Chips Will Move Share Prices
• Positive Sentiment: Analysts and market commentators see substantial upside after the summer selloff. Jim Cramer called AVGO potentially “too cheap to ignore,” while other coverage points to a wide gap between the current share price and Wall Street price targets. Jim Cramer on Broadcom: The Stock May Be Too Cheap to Ignore
• Positive Sentiment: Broadcom is viewed as a key supplier to the next phase of AI infrastructure, including custom accelerators, networking and inference hardware. Industry commentary also highlights potential growth in enterprise AI and VMware private-cloud demand, although the evidence for that software trend is mixed. Enterprise AI to Boost Broadcom’s Software Business
• Neutral Sentiment: The broader semiconductor rebound helped lift AVGO, but the stock’s performance is still being driven more by expectations than by newly announced company-specific results. Investors are waiting for custom-hyperscaler chip deployments to produce visible financial impact.
• Negative Sentiment: Shares have faced pressure after Anthropic and OpenAI leaders urged caution around rapidly scaling advanced AI models. That has raised concerns that hyperscalers could slow infrastructure spending, even though Broadcom’s CEO has reportedly maintained the company’s AI revenue targets. Broadcom Shares Fell as Slower AI Development Raised Demand Concerns

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of research analyst reports. Dbs Bank upgraded Broadcom to a "moderate buy" rating in a report on Thursday, June 18th. Rosenblatt Securities initiated coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued a "buy" rating and a $600.00 price objective for the company. Wall Street Zen downgraded shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Raymond James Financial reissued an "outperform" rating and set a $475.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Broadcom in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has a consensus rating of "Moderate Buy" and an average price target of $509.04.

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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