Vertrix Wealth Management LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 19.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,111 shares of the semiconductor manufacturer’s stock after selling 3,453 shares during the quarter. Broadcom comprises approximately 1.8% of Vertrix Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Vertrix Wealth Management LLC’s holdings in Broadcom were worth $5,331,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in AVGO. Alliance Wealth Advisors LLC lifted its position in Broadcom by 4.2% in the 2nd quarter. Alliance Wealth Advisors LLC now owns 2,406 shares of the semiconductor manufacturer’s stock valued at $909,000 after acquiring an additional 97 shares in the last quarter. Allied Private Wealth LLC bought a new stake in shares of Broadcom in the second quarter valued at about $1,035,000. Corepath Wealth Partners LLC bought a new stake in shares of Broadcom in the second quarter valued at about $215,000. Herbst Group LLC acquired a new position in shares of Broadcom during the second quarter worth about $907,000. Finally, TOWER TRUST & INVESTMENT Co grew its holdings in shares of Broadcom by 61.2% during the second quarter. TOWER TRUST & INVESTMENT Co now owns 8,686 shares of the semiconductor manufacturer’s stock worth $3,281,000 after buying an additional 3,299 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.
Insider Activity
In other news, Director Gayla J. Delly sold 1,890 shares of Broadcom 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 transaction, the director owned 31,326 shares of the company’s stock, valued at $12,072,413.88. This trade represents a 5.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harry L. You acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $373.57 per share, with a total value of $373,570.00. Following the transaction, the director owned 38,466 shares in the company, valued at approximately $14,369,743.62. This trade represents a 2.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on Broadcom
Broadcom News Summary
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: AI demand remains the primary catalyst. Analysts highlighted Broadcom’s record quarterly revenue of approximately $22.2 billion, 79% growth in semiconductor revenue, 143% growth in AI semiconductor revenue to $10.8 billion and more than $30 billion in AI bookings. The figures support the view that hyperscaler spending on custom chips, networking and connectivity is still expanding. Is the AI Selloff a Buying Opportunity? The Data Says Yes
- Positive Sentiment: Broadcom is being positioned as a beneficiary of AI infrastructure bottlenecks. Commentary identified networking equipment, optical interconnects and power delivery as supply-constrained areas, with Broadcom named among companies that could benefit as data-center construction accelerates. Other reports described the company as a leading AI infrastructure stock and a potentially attractive long-term chip investment. Beyond NVIDIA and GPUs: The Next AI and Quantum Winners Leading 2026 3 AI Infrastructure Stocks That Could Make You Rich in August
- Positive Sentiment: Product updates add support for Broadcom’s software business. New capabilities for VMware vDefend and Avi Load Balancer are intended to improve cybersecurity, performance and operational efficiency in private-cloud environments, potentially strengthening Broadcom’s infrastructure-software offering as enterprises prepare for AI workloads. Broadcom Enables Enterprises to Strengthen Multi-Layer Cyber Defense and Operational Efficiency
- Neutral Sentiment: Broadcom was included in stock screens favoring companies with high returns on equity and strong earnings growth. The favorable fundamental profile supports investor interest, but the articles offered no new company-specific financial data. 5 High ROE Stocks to Buy as Oil Price Surge Hits Short-Term Rally
- Negative Sentiment: Risks include stretched valuation and broader-market concerns. Coverage warned that AI stocks may face a normal pullback after a strong rally, while oil-price increases could revive inflation concerns. One investment firm also disclosed that it sold 3,867 Broadcom shares, though the transaction appears minor relative to the company’s overall market value. SCS Capital Trims Broadcom Stake
Broadcom Price Performance
AVGO stock opened at $427.76 on Monday. The company has a market cap of $2.04 trillion, a price-to-earnings ratio of 71.29, a P/E/G ratio of 0.82 and a beta of 1.45. Broadcom Inc. has a twelve month low of $281.87 and a twelve month high of $495.00. The business has a 50 day moving average price of $392.99 and a two-hundred day moving average price of $370.59. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71.
Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. The company had revenue of $22.19 billion for 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 business’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.58 EPS. Analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current fiscal year.
Broadcom Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is 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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