River Street Advisors LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 7.2% in the first quarter, HoldingsChannel.com reports. The fund owned 22,215 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,498 shares during the quarter. Broadcom comprises about 2.3% of River Street Advisors LLC’s portfolio, making the stock its 8th largest holding. River Street Advisors LLC’s holdings in Broadcom were worth $6,876,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Signature Wealth Management Partners LLC raised its stake in shares of Broadcom by 5.4% in the first quarter. Signature Wealth Management Partners LLC now owns 2,699 shares of the semiconductor manufacturer’s stock worth $835,000 after purchasing an additional 139 shares during the last quarter. Granite Islands Private Wealth LLC raised its position in Broadcom by 13.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 9,637 shares of the semiconductor manufacturer’s stock worth $2,968,000 after buying an additional 1,151 shares during the last quarter. TigerOak Management L.L.C. lifted its stake in Broadcom by 6.4% during the 1st quarter. TigerOak Management L.L.C. now owns 5,190 shares of the semiconductor manufacturer’s stock valued at $1,606,000 after acquiring an additional 313 shares during the period. Riverstone Advisors LLC boosted its holdings in shares of Broadcom by 2.8% in the 1st quarter. Riverstone Advisors LLC now owns 20,493 shares of the semiconductor manufacturer’s stock valued at $6,343,000 after acquiring an additional 562 shares during the last quarter. Finally, Laurel Oak Wealth Management LLC raised its holdings in shares of Broadcom by 15.8% during the first quarter. Laurel Oak Wealth Management LLC now owns 8,124 shares of the semiconductor manufacturer’s stock worth $2,514,000 after purchasing an additional 1,107 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Broadcom news, Director Harry L. You bought 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $373.57 per share, with a total value of $373,570.00. Following the purchase, the director directly owned 38,466 shares of the company’s stock, valued at $14,369,743.62. This trade represents a 2.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider S. Ram Velaga sold 17,260 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $352.12, for a total value of $6,077,591.20. Following the transaction, the insider owned 65,932 shares in the company, valued at approximately $23,215,975.84. This represents a 20.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 59,385 shares of company stock valued at $21,301,057 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on AVGO
Key Stories Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Jefferies reiterated its Buy rating on Broadcom and kept a $550 price target, suggesting substantial upside from current levels. Analyst updates Broadcom (AVGO) stock price target
- Positive Sentiment: Erste Group raised its earnings estimates for Broadcom, including higher FY2026 and FY2027 EPS forecasts, reinforcing the view that earnings growth remains strong. Broadcom estimate update
- Positive Sentiment: Coverage around Broadcom’s partnership with OpenAI on the Jalapeño AI accelerator continues to support the company’s AI growth story and long-term demand outlook. What Broadcom (AVGO)’s Jalapeño AI Accelerator Partnership With OpenAI Means For Shareholders
- Neutral Sentiment: Several articles highlighted Broadcom’s recent weakness and “buy the dip” debate, indicating that investor sentiment is cautious but not turning bearish on fundamentals. Broadcom’s Stock Has Slumped Over 20% From Its Highs. These Experts Say They Would Buy the Dip
- Negative Sentiment: Reports of heavy insider selling over the past two weeks may weigh on sentiment, as investors often view large insider sales as a cautionary signal. Monster insider trading alert for Broadcom (AVGO) stock
Broadcom Stock Performance
NASDAQ AVGO opened at $377.75 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. The stock’s 50 day simple moving average is $410.61 and its 200-day simple moving average is $362.60. The company has a market cap of $1.80 trillion, a PE ratio of 62.96, a price-to-earnings-growth ratio of 0.65 and a beta of 1.41. Broadcom Inc. has a 1-year low of $262.66 and a 1-year high of $495.00.
Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.40 by $0.04. The firm had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 earnings per share. As a group, equities research analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current fiscal year.
Broadcom Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 22nd. Broadcom’s dividend payout ratio is 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.
Read More
- Five stocks we like better than Broadcom
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).
Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.
