NewEdge Advisors LLC Sells 179,105 Shares of Broadcom Inc. $AVGO

Key Points

• NewEdge Advisors reduced its Broadcom stake by 15.9%, selling 179,105 shares in the first quarter and retaining 948,027 shares valued at approximately $293.4 million. Institutional investors own 76.43% of AVGO.
• Broadcom reported strong quarterly results, with revenue up 47.9% year over year to $22.19 billion and earnings of $2.44 per share, beating estimates. AI semiconductor revenue and custom-chip demand remain key growth drivers.
• Analysts maintain a generally favorable outlook, with a “Moderate Buy” consensus and an average price target of $493.24, though the stock’s elevated valuation and predominantly insider selling could present risks.

NewEdge Advisors LLC reduced its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 15.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 948,027 shares of the semiconductor manufacturer's stock after selling 179,105 shares during the period. Broadcom accounts for about 1.1% of NewEdge Advisors LLC's portfolio, making the stock its 12th largest holding. NewEdge Advisors LLC's holdings in Broadcom were worth $293,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Fullerton Advisors LLC grew its stake in Broadcom by 1.3% in the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer's stock valued at $616,000 after purchasing an additional 25 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co raised its stake in shares of Broadcom by 0.5% during the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock worth $1,656,000 after purchasing an additional 25 shares in the last quarter. RFG Holdings Inc. boosted its holdings in shares of Broadcom by 0.3% in the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer's stock valued at $2,631,000 after buying an additional 26 shares during the last quarter. Yukon Wealth Management Inc. boosted its holdings in shares of Broadcom by 1.1% in the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock valued at $774,000 after buying an additional 26 shares during the last quarter. Finally, Capital Planning LLC grew its stake in shares of Broadcom by 0.7% in the first quarter. Capital Planning LLC now owns 4,044 shares of the semiconductor manufacturer's stock valued at $1,252,000 after buying an additional 28 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Insider Transactions at Broadcom

In other Broadcom news, Director Justine Page sold 1,602 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the transaction, the director owned 17,426 shares in the company, valued at $6,514,884.36. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harry L. You bought 1,000 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $373.57 per share, with a total value of $373,570.00. Following the acquisition, 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 position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is currently owned by company insiders.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s strong AI exposure remains the primary catalyst. Its latest quarterly results showed AI semiconductor revenue of $10.8 billion, up 143% year over year, while management maintained its expectation for AI semiconductor revenue to exceed $100 billion in fiscal 2027. Investors are also focused on Broadcom’s custom-chip relationships with major cloud customers, including Google and OpenAI. Broadcom custom AI chips article
• Positive Sentiment: A broad semiconductor rally, record industry sales and renewed risk appetite are lifting AVGO alongside AMD, Marvell and Micron. Analysts and market commentators increasingly describe Broadcom as one of Nvidia’s most significant competitors in data-center silicon because of its custom AI accelerators and high-speed networking portfolio. Semiconductor rally article
• Positive Sentiment: Potential U.S. restrictions on Chinese optical-transceiver imports could create additional demand for Broadcom’s networking chips and digital-signal-processing components as data centers seek Western alternatives. The company’s optical and connectivity technologies may become more strategically important as AI clusters migrate toward 800G and 1.6T architectures. AI infrastructure and optical supply chain article
• Neutral Sentiment: Analyst sentiment is favorable, with recent Buy ratings and a median price target of about $525, but targets vary widely. This optimism is balanced by AVGO’s elevated valuation, making the stock more sensitive to any slowdown in AI spending or weaker guidance.
• Negative Sentiment: A possible ban on Chinese AI-related components could increase costs, constrain optical-transceiver supply and delay hyperscaler data-center deployments. Broadcom could benefit from substitution demand, but it could also face near-term disruption across an interconnected supply chain. China AI component ban article
• Negative Sentiment: Reported insider activity has been overwhelmingly weighted toward sales, which may raise caution after the recent advance, although institutional ownership remains mixed rather than uniformly negative.

Broadcom Stock Performance

Shares of AVGO stock opened at $418.28 on Thursday. Broadcom Inc. has a 52 week low of $281.87 and a 52 week high of $495.00. The company has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 69.71, a PEG ratio of 0.80 and a beta of 1.45. The company has a 50-day simple moving average of $393.49 and a 200 day simple moving average of $369.56. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $22.19 billion for the quarter, compared to analysts' expectations of $22.13 billion. During the same period in the prior year, the firm earned $1.58 EPS. The business's revenue was up 47.9% on a year-over-year basis. On average, sell-side analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom's dividend payout ratio (DPR) is presently 43.33%.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent analyst reports. Seaport Research Partners restated a "neutral" rating on shares of Broadcom in a report on Wednesday, April 8th. Citigroup reissued a "buy" rating on shares of Broadcom in a research report on Thursday, June 4th. Wall Street Zen lowered shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Weiss Ratings cut shares of Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Finally, UBS Group set a $485.00 target price on shares of Broadcom and gave the company a "buy" rating in a research note on Thursday, June 4th. Twenty-eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $493.24.

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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