Tudor Financial Inc. Sells 1,513 Shares of Broadcom Inc. $AVGO

Key Points

• Tudor Financial cut its Broadcom position by 54.3% in the second quarter, selling 1,513 shares and retaining 1,273 shares valued at approximately $481,000. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom exceeded quarterly expectations with EPS of $3.32 and revenue of $29.59 billion, up 85.5% year over year. Its AI semiconductor outlook remains a major growth catalyst, with projected revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $505.97, though Broadcom faces valuation concerns and potential competition from customers’ internally developed AI chips.

Tudor Financial Inc. lowered its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 54.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,273 shares of the semiconductor manufacturer's stock after selling 1,513 shares during the period. Tudor Financial Inc.'s holdings in Broadcom were worth $481,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AVGO. ROSS JOHNSON & Associates LLC grew its holdings in Broadcom by 1,320.0% in the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Networth Advisors LLC lifted its holdings in shares of Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. SWAN Capital LLC lifted its holdings in shares of Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Harborfront Financial Group LLC acquired a new stake in shares of Broadcom in the 2nd quarter worth $38,000. Finally, Cherry Tree Wealth Management LLC boosted its position in shares of Broadcom by 44.9% in the 4th 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 in the last quarter. Institutional investors own 76.43% of the company's stock.

Key Stories Impacting Broadcom

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 Analyst Weigh In

AVGO has been the topic of several recent analyst reports. Dbs Bank raised Broadcom to a "moderate buy" rating in a research report on Thursday, June 18th. Weiss Ratings downgraded Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Citigroup restated a "buy" rating and set a $515.00 price target (up from $500.00) on shares of Broadcom in a research note on Friday, September 4th. Raymond James Financial restated an "outperform" rating and set a $475.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. Finally, Lake Street Capital raised shares of Broadcom to a "buy" rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $505.97.

Insiders Place Their Bets

In other Broadcom news, 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gayla Delly sold 1,890 shares of the company's stock in a transaction on 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 directly owned 31,326 shares in the company, valued at $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is owned by insiders.

Broadcom Price Performance

Broadcom stock opened at $361.99 on Monday. 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 business's 50-day simple moving average is $383.03 and its two-hundred day simple moving average is $378.66. The company has a market cap of $1.73 trillion, a PE ratio of 46.23 and a beta of 1.44. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data 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. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The firm had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. During the same period last year, the business posted $1.69 earnings per share. The company's revenue for the quarter was up 85.5% compared to the same quarter last year. Equities analysts anticipate that Broadcom Inc. will post 10.36 EPS for the current year.

Broadcom Announces Dividend

The firm 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 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 0.7%. Broadcom's dividend payout ratio (DPR) is currently 33.21%.

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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