Waverly Advisors LLC Has $132.44 Million Stake in Broadcom Inc. $AVGO

Key Points

• Waverly Advisors increased its Broadcom stake by 29.8% in the second quarter, owning 350,604 shares valued at approximately $132.44 million. Institutional investors collectively hold 76.43% of Broadcom’s stock.
• Broadcom reported strong quarterly results, with revenue rising 85.5% year over year to $29.59 billion and EPS of $3.32, exceeding analyst expectations. Analysts maintain a broadly bullish outlook, with a consensus “Moderate Buy” rating and a $509.04 price target.
• Despite strong AI demand and positive guidance, investors face risks from valuation, customer concentration, VMware-related margin and financing pressures, and concerns that slower AI development could reduce future orders. Broadcom shares recently traded at $339.51, while insiders have sold more than $20.8 million of stock over the past three months.

Waverly Advisors LLC raised its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 29.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 350,604 shares of the semiconductor manufacturer's stock after acquiring an additional 80,462 shares during the quarter. Broadcom makes up about 0.8% of Waverly Advisors LLC's investment portfolio, making the stock its 20th largest holding. Waverly Advisors LLC's holdings in Broadcom were worth $132,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Networth Advisors LLC lifted its stake in Broadcom by 546.2% in 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. Harborfront Financial Group LLC acquired a new position in Broadcom during the second quarter worth approximately $38,000. Cherry Tree Wealth Management LLC raised its stake in Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock valued at $45,000 after buying an additional 40 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in shares of Broadcom in the fourth quarter valued at approximately $56,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Broadcom during the 2nd quarter worth approximately $60,000. Institutional investors own 76.43% of the company's stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: CEO Hock Tan said Broadcom’s AI revenue targets have not changed despite calls from Anthropic and OpenAI executives to slow development of increasingly powerful models. The comments helped reinforce management’s confidence in sustained demand. Broadcom CEO delivers blunt verdict on AI’s biggest debate right now
• Positive Sentiment: Analysts and bullish commentators point to Broadcom’s 221% year-over-year AI revenue growth, strong guidance and potential for significant upside following the recent selloff. Several reports argue that the stock’s valuation is attractive relative to its growth and custom-chip competitors. Wall Street Sees 56% Upside in Broadcom After Summer Selloff
• Positive Sentiment: Broadcom’s reported supply constraint may be more significant than demand weakness. Piper Sandler estimated that demand for the company’s AI inference ASICs is roughly twice available supply and assigned an Overweight rating with a $460 price target. Broadcom’s Real Constraint Isn’t Demand. It’s Supply.
• Positive Sentiment: Recent coverage also cites new fourth-quarter revenue guidance, share-repurchase activity and continued dividend support as potential catalysts for shareholder returns. Broadcom Could Be 47% Below Fair Value
• Neutral Sentiment: Commentary remains divided: Broadcom’s earnings growth and AI exposure are viewed favorably, while valuation, macroeconomic conditions and customer concentration remain important risks for investors. Bull v. Bear: AVGO Shows Strong Earnings Growth, Macro Risks Weigh on Stock
• Negative Sentiment: Shares declined as Anthropic’s CEO called for a pause in rapidly scaling AI systems and OpenAI’s leadership expressed similar caution. Investors reassessed whether slower AI model development could reduce future orders for chips, networking equipment and custom accelerators. Broadcom Shares Fell As Slower AI Development Raised Demand Concerns
• Negative Sentiment: Bearish analysis highlights potential margin pressure, financing needs and regulatory concerns related to VMware, adding uncertainty despite Broadcom’s strong AI outlook. Broadcom’s strong AI growth faces margin, financing risks

Insider Buying and Selling

In other Broadcom news, Director Justine Page sold 1,602 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were 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 represents a 8.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the firm's stock in a transaction that occurred 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 directly owned 194,989 shares in the company, valued at $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 53,492 shares of company stock valued at $20,840,292. 1.90% of the stock is owned by company insiders.

Broadcom Stock Performance

AVGO opened at $339.51 on Thursday. The business has a fifty day simple moving average of $380.83 and a 200 day simple moving average of $378.97. The company has a market capitalization of $1.62 trillion, a PE ratio of 43.36 and a beta of 1.44. Broadcom Inc. has a 1 year low of $289.96 and a 1 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 posted 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. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The firm had revenue of $29.59 billion for the quarter, compared to analysts' expectations of $29.24 billion. During the same quarter last year, the business earned $1.69 EPS. The company's quarterly revenue was up 85.5% compared to the same quarter last year. Research analysts expect 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. Investors of record on Monday, September 21st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom's dividend payout ratio (DPR) is currently 33.21%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AVGO shares. Jefferies Financial Group initiated coverage on Broadcom in a research note on Thursday, September 3rd. They issued a "buy" rating on the stock. Susquehanna reiterated a "positive" rating and issued a $490.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Lake Street Capital raised shares of Broadcom to a "buy" rating in a research report on Thursday, September 3rd. Benchmark raised their target price on shares of Broadcom from $485.00 to $545.00 and gave the stock a "buy" rating in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Broadcom from $500.00 to $580.00 and gave the stock an "overweight" rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Broadcom presently has a consensus 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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