Union Heritage Capital LLC Boosts Stake in Broadcom Inc. $AVGO

Key Points

• Union Heritage Capital increased its Broadcom stake by 77.2% in the first quarter, owning 20,200 shares valued at approximately $6.25 million. Institutional investors and hedge funds collectively own 76.43% of Broadcom.
• Broadcom exceeded quarterly expectations, reporting $2.44 in EPS and $22.19 billion in revenue, with revenue rising 47.9% year over year. The company also pays a $0.65 quarterly dividend, equivalent to a 0.7% yield.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus rating and an average price target of $493.24 versus the reported share price of $387.84. However, Broadcom’s elevated valuation and sensitivity to AI-spending slowdowns remain key risks.

Union Heritage Capital LLC increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 77.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,200 shares of the semiconductor manufacturer's stock after acquiring an additional 8,800 shares during the period. Broadcom makes up about 2.3% of Union Heritage Capital LLC's portfolio, making the stock its 16th largest holding. Union Heritage Capital LLC's holdings in Broadcom were worth $6,252,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TrueWealth Financial Partners purchased a new position in Broadcom during the first quarter worth approximately $372,000. Pathway Wealth Management LLC increased its position in shares of Broadcom by 5.0% in the first quarter. Pathway Wealth Management LLC now owns 48,441 shares of the semiconductor manufacturer's stock valued at $14,993,000 after buying an additional 2,300 shares in the last quarter. Norris Financial Group LLC acquired a new position in shares of Broadcom during the 1st quarter worth approximately $304,000. Western Wealth Management LLC raised its stake in shares of Broadcom by 24.3% during the 1st quarter. Western Wealth Management LLC now owns 88,661 shares of the semiconductor manufacturer's stock worth $27,442,000 after buying an additional 17,326 shares during the period. Finally, Mascagni Wealth Management Inc. lifted its position in shares of Broadcom by 0.8% during the 1st quarter. Mascagni Wealth Management Inc. now owns 4,821 shares of the semiconductor manufacturer's stock valued at $1,492,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 4.7%

Shares of AVGO opened at $387.84 on Friday. Broadcom Inc. has a 52-week low of $281.61 and a 52-week high of $495.00. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The firm's fifty day moving average is $394.58 and its two-hundred day moving average is $367.96. The stock has a market cap of $1.85 trillion, a PE ratio of 64.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.40 by $0.04. The business had revenue of $22.19 billion during the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company's revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Research analysts forecast that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom's dividend payout ratio is currently 43.33%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Apple partnership adds significant demand visibility. Apple announced a multiyear agreement with Broadcom under its American Manufacturing Program, with more than $30 billion expected to support a U.S.-based silicon supply chain and advanced manufacturing equipment. Apple commits more than $30 Billion to US manufacturing
• Positive Sentiment: A reported Samsung agreement reinforces the AI growth outlook. Broadcom and Samsung reportedly signed a five-year, $200 billion arrangement covering memory chips, including high-bandwidth memory, and potential advanced packaging collaboration for Broadcom’s AI accelerators. The deal could help secure critical components and support future revenue growth. Broadcom’s $200 Billion Samsung Deal Shows How Costly the AI Memory Race Has Become
• Positive Sentiment: Analyst and investor commentary remains bullish. Recent coverage highlights strong AI accelerator and networking bookings, long-term contracts, and a potentially undervalued share price after the recent pullback. Broadcom was also identified as a top growth-stock pick for the remainder of 2026. AI Accelerators and Networking Fuel Broadcom's Growth
• Neutral Sentiment: The broader AI semiconductor group recently pulled back, potentially improving entry valuations but also underscoring volatility following a powerful multiyear rally. The Ultimate Bull Run for AMD, Broadcom, and Arm May Be Closer Than You Think
• Negative Sentiment: Some analysts remain concerned that AI “backstop” arrangements could create financial liabilities, while Broadcom’s elevated earnings multiple leaves the stock sensitive to any slowdown in AI spending or execution issues. AI Backstops Have One Analyst Worried

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial boosted their price target on shares of Broadcom from $545.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. Citigroup reiterated a "buy" rating on shares of Broadcom in a research report on Thursday, June 4th. Rosenblatt Securities reissued a "buy" rating and set a $500.00 target price on shares of Broadcom in a research note on Thursday, June 4th. Weiss Ratings upgraded shares of Broadcom from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada raised their price target on shares of Broadcom from $360.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, June 4th. Twenty-eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $493.24.

Insider Buying and Selling at Broadcom

In other news, Director Gayla J. Delly sold 1,890 shares of the company'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 value 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 represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harry L. You purchased 1,000 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $373.57 per share, with a total value of $373,570.00. Following the acquisition, the director owned 38,466 shares of the company's stock, valued at approximately $14,369,743.62. The trade was a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 61,644 shares of company stock worth $24,016,214 in the last quarter. Insiders own 1.90% of the company's stock.

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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