Vantus Wealth LLC bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 5,424 shares of the semiconductor manufacturer’s stock, valued at approximately $1,877,000. Broadcom comprises approximately 1.4% of Vantus Wealth LLC’s portfolio, making the stock its 13th largest position.
A number of other large investors have also bought and sold shares of the stock. Root Financial Partners LLC grew its holdings in Broadcom by 56.5% in the fourth quarter. Root Financial Partners LLC now owns 33,295 shares of the semiconductor manufacturer’s stock worth $11,523,000 after purchasing an additional 12,016 shares during the period. Cogent Private Wealth Inc. acquired a new stake in Broadcom in the fourth quarter worth $1,365,000. Twin Peaks Wealth Advisors LLC grew its holdings in Broadcom by 13.1% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 5,485 shares of the semiconductor manufacturer’s stock worth $1,886,000 after purchasing an additional 637 shares during the period. BNP Paribas grew its holdings in Broadcom by 12.8% in the fourth quarter. BNP Paribas now owns 326,824 shares of the semiconductor manufacturer’s stock worth $113,964,000 after purchasing an additional 36,959 shares during the period. Finally, Sustainable Growth Advisers LP acquired a new stake in Broadcom in the fourth quarter worth $224,246,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.
Broadcom News Summary
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
Analyst Upgrades and Downgrades
Get Our Latest Analysis on AVGO
Broadcom Stock Down 7.9%
Broadcom stock opened at $385.73 on Friday. Broadcom Inc. has a 1-year low of $241.11 and a 1-year high of $495.00. The firm has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 64.29, a price-to-earnings-growth ratio of 0.86 and a beta of 1.41. The firm’s fifty day moving average price is $396.22 and its two-hundred day moving average price is $361.90. The company has a current ratio of 2.24, a quick ratio of 1.73 and a debt-to-equity ratio of 0.71.
Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating 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 firm had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. During the same period last year, the firm earned $1.58 earnings per share. The business’s quarterly revenue was up 47.9% compared to the same quarter last year. On average, equities research analysts predict that Broadcom Inc. will post 9.97 earnings per share for the current fiscal year.
Broadcom Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid 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 of this dividend is Monday, June 22nd. Broadcom’s dividend payout ratio (DPR) is 43.33%.
Insider Buying and Selling at Broadcom
In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $16,236,940.80. Following the transaction, the insider directly owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider S. Ram Velaga sold 38,841 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the completion of the sale, the insider owned 96,147 shares of the company’s stock, valued at approximately $30,920,875.20. This represents a 28.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 over the last ninety days. 1.90% of the stock is currently owned by corporate 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.
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