Folger Nolan Fleming Douglas Capital Management Inc. Takes $1.21 Million Position in Broadcom Inc. $AVGO

Posted by Francis Steltz on Jul 4th, 2026

Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm bought 3,893 shares of the semiconductor manufacturer’s stock, valued at approximately $1,205,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SevenBridge Financial Group LLC lifted its position in Broadcom by 2.8% in the first quarter. SevenBridge Financial Group LLC now owns 15,402 shares of the semiconductor manufacturer’s stock valued at $4,767,000 after purchasing an additional 425 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Broadcom by 1.5% in the first quarter. Pathway Financial Advisers LLC now owns 37,193 shares of the semiconductor manufacturer’s stock worth $11,512,000 after purchasing an additional 536 shares during the last quarter. Spinnaker Trust grew its holdings in shares of Broadcom by 4.4% in the first quarter. Spinnaker Trust now owns 54,310 shares of the semiconductor manufacturer’s stock worth $16,810,000 after purchasing an additional 2,303 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its stake in shares of Broadcom by 8.3% in the first quarter. Moss Adams Wealth Advisors LLC now owns 19,786 shares of the semiconductor manufacturer’s stock worth $6,124,000 after buying an additional 1,512 shares during the period. Finally, McMillan Office Inc. increased its stake in shares of Broadcom by 15.5% in the first quarter. McMillan Office Inc. now owns 1,155 shares of the semiconductor manufacturer’s stock worth $357,000 after buying an additional 155 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several analyst reports. Benchmark increased their price target on shares of Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Truist Financial upped their price objective on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $525.00 target price on shares of Broadcom in a report on Thursday, June 4th. UBS Group set a $485.00 target price on Broadcom and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group set a $550.00 price target on Broadcom and gave the company a “buy” rating in a report on Thursday, June 4th. One 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 company. Based on data from MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and an average price target of $493.24.

Check Out Our Latest Report on AVGO

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 4,825 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $394.91, for a total value of $1,905,440.75. Following the transaction, the insider owned 269,989 shares in the company, valued at $106,621,355.99. The trade was a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harry L. You acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the transaction, the director directly owned 38,466 shares in the company, valued at $14,369,743.62. The trade was a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 60,987 shares of company stock worth $21,899,980 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $360.45 on Friday. The company has a 50 day simple moving average of $407.92 and a two-hundred day simple moving average of $362.33. Broadcom Inc. has a fifty-two week low of $269.58 and a fifty-two week high of $495.00. The company has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 60.08, a P/E/G ratio of 0.63 and a beta of 1.45. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24.

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 analysts’ consensus estimates of $2.40 by $0.04. The firm 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 for the quarter was up 47.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS. Analysts expect that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s payout ratio is currently 43.33%.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: JPMorgan, UBS, Jefferies and other analysts remain constructive on Broadcom’s AI-driven growth, with price targets well above current levels and continued optimism around custom AI silicon demand, including exposure to customers such as OpenAI and Anthropic. UBS Reaffirms Buy Rating on Broadcom (AVGO) Amid AI ASIC Demand and OpenAI, Anthropic Growth
Positive Sentiment: Articles highlighting Broadcom’s partnership with OpenAI on the “Jalapeño” AI accelerator reinforce the market’s bullish view that AI infrastructure can keep driving revenue growth. What Broadcom (AVGO)’s Jalapeño AI Accelerator Partnership With OpenAI Means For Shareholders
Neutral Sentiment: Several recent write-ups argue Broadcom may be attractive after its pullback, but they mostly restate the same long-term thesis rather than pointing to a new catalyst. Why Broadcom Stock Slumped Today
Neutral Sentiment: Investors continue to search for clues on whether Broadcom can rebound from its post-earnings decline, with coverage focusing on earnings estimates and fair-value changes. Broadcom (AVGO) Stock Gets Fair Value Boost As Analysts Split On AI Outlook
Negative Sentiment: Director Justine Page sold 1,602 shares of Broadcom stock, extending insider-selling headlines that can weigh on sentiment even if the sale is relatively small versus the company’s size. SEC Form 4 filing for Justine Page sale
Negative Sentiment: Broadcom remains about 14% below its last earnings report level, and recent commentary suggests investors are still uneasy about whether the company’s strong results were enough to justify its premium valuation. Broadcom Inc. (AVGO) Down 14% Since Last Earnings Report: Can It Rebound?

Broadcom Profile

(Free Report)

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.