Nwam LLC Boosts Holdings in Broadcom Inc. $AVGO

Key Points

• Nwam LLC increased its Broadcom stake by 3.0% in the second quarter, bringing its holdings to 100,961 shares valued at approximately $38.1 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported strong quarterly results, with revenue rising 85.5% year over year to $29.59 billion and EPS beating estimates. Its AI semiconductor business is driving optimism, though analysts also cite valuation, competition, and a softer near-term revenue outlook as risks.
• Analyst sentiment remains broadly positive, with 30 Buy ratings and four Holds and a consensus price target of $505.97. Broadcom also declared a quarterly dividend of $0.65 per share, equivalent to a 0.7% annualized yield.

Nwam LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 100,961 shares of the semiconductor manufacturer's stock after buying an additional 2,916 shares during the period. Broadcom makes up 1.9% of Nwam LLC's investment portfolio, making the stock its 7th biggest holding. Nwam LLC's holdings in Broadcom were worth $38,138,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Fullerton Advisors LLC raised its holdings in Broadcom by 1.3% in the 1st quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer's stock valued at $616,000 after acquiring an additional 25 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co grew its holdings 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. grew its holdings in shares of Broadcom by 0.3% during the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer's stock worth $2,631,000 after purchasing an additional 26 shares in the last quarter. Yukon Wealth Management Inc. increased its position in shares of Broadcom by 1.1% during the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock valued at $774,000 after purchasing an additional 26 shares during the period. Finally, NerdWallet Wealth Partners LLC raised its stake in shares of Broadcom by 2.6% in the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock valued at $399,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom News Roundup

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.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 194,989 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gayla Delly sold 1,890 shares of the firm's stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the sale, the director directly owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,644 shares of company stock worth $24,016,214 over the last ninety days. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on AVGO shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Broadcom in a research report on Monday, August 3rd. Truist Financial dropped their price objective on shares of Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Mizuho raised their price objective on shares of Broadcom from $480.00 to $530.00 and gave the stock an "outperform" rating in a report on Thursday, June 4th. UBS Group lowered shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, September 3rd. Finally, KeyCorp reissued an "overweight" rating and issued a $575.00 target price on shares of Broadcom in a research note on Thursday, September 3rd. Thirty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $505.97.

Broadcom Stock Performance

Broadcom stock opened at $360.83 on Friday. The firm has a market capitalization of $1.72 trillion, a P/E ratio of 46.08 and a beta of 1.44. The stock has a fifty day moving average price of $383.00 and a two-hundred day moving average price of $378.43. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. 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 issued its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the previous year, the company earned $1.69 EPS. The firm's revenue for the quarter was up 85.5% compared to the same quarter last year. As a group, analysts anticipate that Broadcom Inc. will post 10.36 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given 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 payout ratio is 33.21%.

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.

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