J.W. Cole Advisors Inc. lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 8.4% during the 4th quarter, Holdings Channel reports. The firm owned 69,682 shares of the semiconductor manufacturer’s stock after selling 6,373 shares during the period. Broadcom comprises about 0.5% of J.W. Cole Advisors Inc.’s portfolio, making the stock its 29th biggest holding. J.W. Cole Advisors Inc.’s holdings in Broadcom were worth $24,117,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Prudential PLC increased its stake in Broadcom by 0.6% in the 4th quarter. Prudential PLC now owns 522,432 shares of the semiconductor manufacturer’s stock worth $180,814,000 after acquiring an additional 3,093 shares during the last quarter. OPTIMAS CAPITAL Ltd purchased a new position in shares of Broadcom in the 4th quarter worth approximately $2,547,000. Argent Advisors Inc. boosted its holdings in shares of Broadcom by 1.8% in the 4th quarter. Argent Advisors Inc. now owns 3,235 shares of the semiconductor manufacturer’s stock worth $1,120,000 after purchasing an additional 56 shares during the period. Avise Financial Cooperative Inc. purchased a new position in shares of Broadcom in the 4th quarter worth approximately $270,000. Finally, Vista Cima Wealth Management LLC boosted its holdings in shares of Broadcom by 53.9% in the 4th quarter. Vista Cima Wealth Management LLC now owns 7,507 shares of the semiconductor manufacturer’s stock worth $2,598,000 after purchasing an additional 2,628 shares during the period. 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: Broadcom posted record quarterly revenue, beat earnings estimates, and said AI semiconductor demand remains strong, supporting the long-term growth story. Broadcom Q2 Earnings Surpasses Estimates, Revenues Surge Y/Y
- Positive Sentiment: Several analysts remain bullish and raised price targets after the pullback, arguing the market is overreacting to expectations rather than fundamentals. Goldman Sachs urges investors to buy Broadcom dip with still AI revenue trajectory intact
- Positive Sentiment: Management still expects AI revenue to reach $56 billion in fiscal 2026 and more than $100 billion in fiscal 2027, keeping the longer-term AI thesis intact. AVGO Shares Drop 13% Post Q2 Results: Buy, Sell or Hold on the Dip?
- Neutral Sentiment: Broadcom also declared a quarterly dividend, which is supportive for income investors but not a major near-term stock driver.
- Negative Sentiment: The stock is under pressure because the AI outlook, while strong, was not upgraded enough to satisfy investors who had priced in an even bigger upside surprise. Broadcom’s sales and AI chip forecast comes in below expectations, shares tumble
- Negative Sentiment: The disappointment has spilled over into the semiconductor sector, pressuring peers such as AMD, Intel, Micron, and Marvell as investors reassess AI trade valuations. Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook
Insiders Place Their Bets
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company reiterated an “overweight” rating and issued a $545.00 target price (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $515.00 price objective (up from $430.00) on shares of Broadcom in a research note on Thursday. Evercore restated an “outperform” rating and set a $582.00 price objective on shares of Broadcom in a research note on Tuesday, May 19th. Finally, Erste Group Bank raised Broadcom from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $490.13.
Read Our Latest Stock Analysis on AVGO
Broadcom Price Performance
Shares of AVGO opened at $385.73 on Monday. Broadcom Inc. has a 52 week low of $241.11 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 company has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 64.29, a PEG ratio of 0.70 and a beta of 1.41. The stock’s 50-day moving average price is $396.22 and its 200-day moving average price is $362.04.
Broadcom (NASDAQ:AVGO – Get Free Report) last issued its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. The company’s revenue was up 47.9% compared to the same quarter last year. On average, sell-side analysts predict that Broadcom Inc. will post 9.97 EPS for the current year.
Broadcom Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.65 per share. The ex-dividend date is Monday, June 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is currently 43.33%.
About Broadcom
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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