Old Mission Investment Co LLC Takes $808,000 Position in Broadcom Inc. $AVGO

Key Points

• Old Mission Investment Co. LLC established a new Broadcom position worth approximately $808,000 by purchasing 2,138 shares during the second quarter. Institutional investors and hedge funds now own 76.43% of the company.
• Broadcom insiders sold 58,317 shares valued at about $22.7 million over the past 90 days, while corporate insiders own 1.90% of the stock.
• Broadcom reported strong quarterly results, with revenue rising 85.5% year over year and EPS exceeding estimates. Analysts maintain a “Moderate Buy” consensus with a $509.04 target price, though concerns remain about valuation, customer concentration and the sustainability of AI spending.

Old Mission Investment Co LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,138 shares of the semiconductor manufacturer's stock, valued at approximately $808,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Montgomery Financial Services LLC acquired a new position in Broadcom in the second quarter valued at about $87,000. Highland Investment Advisors LLC bought a new position in shares of Broadcom in the second quarter valued at approximately $1,158,000. Turner Financial Group Inc. acquired a new position in shares of Broadcom in the 2nd quarter worth approximately $800,000. Oakmont Investment Advisors Inc. bought a new stake in shares of Broadcom during the second quarter worth $2,747,000. Finally, Strive Financial Group LLC grew its holdings in Broadcom by 170.4% during the 2nd quarter. Strive Financial Group LLC now owns 3,258 shares of the semiconductor manufacturer's stock worth $1,231,000 after acquiring an additional 2,053 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Buying and Selling

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the firm's stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider owned 194,989 shares in the company, valued at $78,254,935.37. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gayla Delly sold 1,890 shares of Broadcom stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares of the company's stock, valued at $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,317 shares of company stock valued at $22,745,733 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom remains a favored way to gain exposure to AI while receiving dividend income. Its custom AI-chip business is expected to continue expanding rapidly as hyperscalers and AI companies build additional computing capacity. 3 Stocks That Offer AI Exposure and Dividends
• Positive Sentiment: CEO Hock Tan reportedly said demand already exceeds Broadcom’s $115 billion AI forecast, with AI revenue projected to double in fiscal 2027 and again in 2028. Accelerating shipments of Ironwood chips to Anthropic could further strengthen Broadcom’s custom-hardware opportunity. Broadcom CEO Hock Tan Says Demand Already Exceeds Broadcom’s $115 Billion AI Forecast
• Positive Sentiment: Mizuho analyst Vijay Rakesh expects AVGO to rally toward a new all-time high over the next 12 months, supporting the longer-term bullish case despite recent weakness. Wall Street Sets Broadcom Stock Price for the Next 12 Months
• Neutral Sentiment: Analyst commentary remains divided: Broadcom is viewed as a major beneficiary of AI demand, but Vertiv is considered better positioned on valuation, earnings momentum and near-term upside. Vertiv vs. Broadcom: Which AI Infrastructure Stock Has More Upside?
• Negative Sentiment: Investors are questioning whether AI spending can maintain its current pace. Broadcom also faces concerns about elevated valuation, customer concentration, margins and execution, while reports cite a failure to meet Wall Street’s fiscal fourth-quarter revenue expectations. Marvell Falls as AI Pacing Debate Collides With Fed Week

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $344.72 on Tuesday. The stock's fifty day moving average price is $382.45 and its two-hundred day moving average price is $378.79. The firm has a market cap of $1.65 trillion, a price-to-earnings ratio of 44.03 and a beta of 1.44. Broadcom Inc. has a one year low of $289.96 and a one year 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 quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business's revenue was up 85.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.69 EPS. On average, equities analysts forecast that Broadcom Inc. will post 10.36 EPS for the current year.

Broadcom Dividend Announcement

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 dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom's dividend payout ratio is currently 33.21%.

Analyst Ratings Changes

AVGO has been the subject of several research analyst reports. Fox Advisors upgraded shares of Broadcom to an "outperform" rating in a research report on Thursday, September 3rd. Rosenblatt Securities started coverage on Broadcom in a research report on Thursday, September 3rd. They set a "buy" rating and a $600.00 target price for the company. Benchmark upped their price objective on shares of Broadcom from $485.00 to $545.00 and gave the company a "buy" rating in a research report on Thursday, June 4th. The Goldman Sachs Group restated a "buy" rating on shares of Broadcom in a report on Monday, August 3rd. Finally, UBS Group cut Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has an average rating of "Moderate Buy" and a consensus target price of $509.04.

Broadcom Company 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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