Welch Group LLC Has $13.23 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Welch Group LLC increased its Broadcom stake by 4.1% in the second quarter to 35,018 shares valued at approximately $13.23 million. Institutional investors and hedge funds collectively own 76.43% of Broadcom’s stock.
• Analyst sentiment remains favorable, with 29 Buy ratings and four Holds, producing a consensus “Moderate Buy” rating and an average price target of $491.97. Broadcom recently reported 47.9% year-over-year revenue growth and earnings above expectations.
• Broadcom faces potential risks from its premium valuation, reported financing needs for AI-chip projects, insider selling, and Marvell’s agreement to develop custom silicon for Google’s TPU ecosystem.

Welch Group LLC grew its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,018 shares of the semiconductor manufacturer's stock after buying an additional 1,384 shares during the period. Welch Group LLC's holdings in Broadcom were worth $13,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVGO. Forum Financial Management LP grew its stake in shares of Broadcom by 7.6% in the second quarter. Forum Financial Management LP now owns 12,093 shares of the semiconductor manufacturer's stock valued at $4,568,000 after acquiring an additional 855 shares in the last quarter. Dynamic Wealth Strategies LLC boosted its holdings in Broadcom by 3.7% in the 2nd quarter. Dynamic Wealth Strategies LLC now owns 1,669 shares of the semiconductor manufacturer's stock valued at $630,000 after purchasing an additional 60 shares during the period. Ted Buchan & Co grew its position in shares of Broadcom by 2.6% during the 2nd quarter. Ted Buchan & Co now owns 13,113 shares of the semiconductor manufacturer's stock worth $4,953,000 after purchasing an additional 328 shares in the last quarter. JNBA Financial Advisors grew its position in shares of Broadcom by 720.6% during the 2nd quarter. JNBA Financial Advisors now owns 4,308 shares of the semiconductor manufacturer's stock worth $1,627,000 after purchasing an additional 3,783 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its holdings in shares of Broadcom by 10.4% during the second quarter. Cape Investment Advisory Inc. now owns 2,087 shares of the semiconductor manufacturer's stock worth $788,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AVGO shares. Zacks Research cut Broadcom from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. KeyCorp reaffirmed an "overweight" rating and set a $575.00 price target (up from $500.00) on shares of Broadcom in a report on Thursday, June 4th. Mizuho raised their price objective on Broadcom from $480.00 to $530.00 and gave the company an "outperform" rating in a research note on Thursday, June 4th. The Goldman Sachs Group reiterated a "buy" rating on shares of Broadcom in a research report on Monday, August 3rd. Finally, Bank of America boosted their target price on shares of Broadcom from $450.00 to $530.00 and gave the stock a "buy" rating in a research note on Thursday, June 4th. Twenty-nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $491.97.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly engaging lenders to secure up to $60 billion in financing for AI-chip projects. The funding could support large-scale production and expansion, although it may also increase leverage and financing risk. Broadcom engages with lenders to secure $60B for AI chip financing
• Positive Sentiment: ARK Invest reportedly purchased approximately $20 million of Broadcom shares during the weakness, providing a vote of confidence in the long-term AI infrastructure opportunity. AVGO Stock Recovers Premarket After Marvell-Linked Selloff
• Positive Sentiment: TD Cowen reiterated a Buy rating and a $500 price target. Broadcom’s latest results also showed strong underlying momentum, including nearly 48% year-over-year revenue growth and quarterly revenue slightly above consensus. Wall Street analyst updates Broadcom stock price target
• Neutral Sentiment: Broadcom still has a Google TPU and networking agreement extending through 2031. However, the company’s upcoming guidance—especially for fiscal 2027 AI semiconductor revenue—will be important in determining whether it can offset competitive concerns. Marvell Takes a Shot at Broadcom's Throne With Google Deal
• Negative Sentiment: Marvell Technology’s agreement to develop custom silicon connected to Google’s TPU ecosystem is the main pressure on AVGO. The deal covers inference accelerators and networking-related components, raising fears that Google could diversify away from Broadcom. Google also received warrants worth roughly $12.2 billion, potentially tied to as much as $120 billion of Marvell product purchases through 2033. Marvell Just Took Custom AI Chip Work at Google
• Negative Sentiment: Analyst commentary has highlighted Broadcom’s premium valuation, financing needs, and the reported second-quarter exit by Stanley Druckenmiller’s Duquesne Family Office. These factors reinforce concerns that strong AI growth may already be heavily reflected in the stock. Druckenmiller Sold Broadcom

Insider Activity at Broadcom

In other news, insider Mark David 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 transaction, the insider owned 194,989 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gayla J. Delly sold 1,890 shares of the business's stock in a transaction dated 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 sale, the director directly owned 31,326 shares of the company's stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is currently owned by company insiders.

Broadcom Stock Performance

NASDAQ:AVGO opened at $364.03 on Friday. Broadcom Inc. has a fifty-two week low of $286.17 and a fifty-two week high of $495.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24. The company has a 50 day simple moving average of $388.84 and a two-hundred day simple moving average of $374.84. The company has a market capitalization of $1.73 trillion, a PE ratio of 60.67, a P/E/G ratio of 0.69 and a beta of 1.45.

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

Broadcom Announces Dividend

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

Broadcom 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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