Western Wealth Management LLC Has $27.44 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Western Wealth Management increased its Broadcom stake by 24.3% in the first quarter to 88,661 shares valued at approximately $27.44 million. Institutional investors collectively own 76.43% of the company.
• Analysts remain broadly bullish, with 28 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $493.24.
• Broadcom exceeded quarterly earnings and revenue expectations, reporting $2.44 in EPS and $22.19 billion in revenue, with sales up 47.9% year over year. Its AI semiconductor growth and long-term revenue outlook remain key catalysts, although recent insider selling and elevated valuation present potential risks.

Western Wealth Management LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 24.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,661 shares of the semiconductor manufacturer's stock after purchasing an additional 17,326 shares during the period. Broadcom comprises about 1.0% of Western Wealth Management LLC's holdings, making the stock its 14th biggest holding. Western Wealth Management LLC's holdings in Broadcom were worth $27,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Broadcom by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer's stock worth $167,064,997,000 after acquiring an additional 3,919,715 shares in the last quarter. State Street Corp lifted its position in shares of Broadcom by 2.7% in the 4th quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer's stock valued at $65,788,194,000 after acquiring an additional 5,040,801 shares in the last quarter. Geode Capital Management LLC boosted its stake in Broadcom by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer's stock worth $38,396,634,000 after purchasing an additional 1,548,699 shares during the period. Price T Rowe Associates Inc. MD grew its position in Broadcom by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer's stock worth $29,607,500,000 after purchasing an additional 2,491,644 shares in the last quarter. Finally, Norges Bank purchased a new position in Broadcom during the 4th quarter worth approximately $24,252,196,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Broadcom from $500.00 to $580.00 and gave the company an "overweight" rating in a research note on Thursday, June 4th. Rosenblatt Securities reiterated a "buy" rating and set a $500.00 price target on shares of Broadcom in a report on Thursday, June 4th. Benchmark upped their price target on Broadcom from $485.00 to $545.00 and gave the company a "buy" rating in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $515.00 price objective (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. Finally, Royal Bank Of Canada lifted their target price on 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 research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $493.24.

Broadcom Stock Performance

Shares of AVGO stock opened at $416.08 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. Broadcom Inc. has a fifty-two week low of $281.87 and a fifty-two week high of $495.00. The stock's 50-day moving average is $390.93 and its two-hundred day moving average is $371.83. The firm has a market cap of $1.98 trillion, a P/E ratio of 69.35, a PEG ratio of 0.81 and a beta of 1.45.

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

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.65 per share. The ex-dividend date was Monday, June 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom's dividend payout ratio (DPR) is currently 43.33%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI revenue outlook remains a major catalyst. Broadcom’s AI semiconductor revenue increased 143% year over year to $10.8 billion in fiscal second quarter. CEO Hock Tan reaffirmed that fiscal 2027 AI semiconductor revenue should exceed $100 billion, supporting the long-term growth narrative. Hock Tan Reaffirmed Broadcom's $100 Billion AI Forecast
• Positive Sentiment: Broadcom could benefit from multiple AI infrastructure channels. Coverage highlighted its custom-chip and networking exposure, while AMD’s Helios rack-scale systems could create additional demand for Broadcom components. Analysts also view Broadcom as a potentially attractive complement to NVIDIA in an AI-focused portfolio. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Positive Sentiment: Software and security initiatives broaden the story. Broadcom joined NVIDIA and other companies as a founding member of the Open Secure AI Alliance, while expanding VMware Cloud Foundation security features. These efforts may strengthen its enterprise software position and help defend against Nutanix and IBM. Broadcom Boosts VCF Security
• Neutral Sentiment: Brokerage sentiment remains supportive, with Broadcom carrying a consensus “Moderate Buy” rating and at least one firm raising its fiscal 2027 EPS estimate. Reported short interest was zero shares, offering no meaningful evidence of either short-covering demand or elevated bearish positioning.
• Negative Sentiment: Near-term trading pressure reflects valuation and profit-taking. Broadcom pulled back after its extended rally, while comparisons showed NVIDIA retaining advantages in some AI markets. Crake Asset Management also trimmed its position by 330,000 shares, a modest sentiment headwind. Broadcom Slips After Seven-Session Advance

Insider Buying and Selling at Broadcom

In related news, Director Gayla J. 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 sale, the director owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark David Brazeal sold 25,000 shares of the company'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 completion of the sale, the insider owned 194,989 shares of the company's stock, valued at $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,644 shares of company stock worth $24,016,214 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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