Yukon Wealth Management Inc. raised its position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 310.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,262 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,761 shares during the period. Broadcom makes up about 1.1% of Yukon Wealth Management Inc.’s investment portfolio, making the stock its 18th largest position. Yukon Wealth Management Inc.’s holdings in Broadcom were worth $3,877,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in AVGO. WNY Asset Management LLC boosted its stake in shares of Broadcom by 22.1% during the 2nd quarter. WNY Asset Management LLC now owns 2,479 shares of the semiconductor manufacturer’s stock worth $937,000 after purchasing an additional 448 shares during the period. Hamilton Capital LLC boosted its position in shares of Broadcom by 4.2% during the second quarter. Hamilton Capital LLC now owns 7,259 shares of the semiconductor manufacturer’s stock valued at $2,742,000 after buying an additional 292 shares during the period. Hayek Kallen Investment Management grew its stake in shares of Broadcom by 60.4% during the second quarter. Hayek Kallen Investment Management now owns 1,314 shares of the semiconductor manufacturer’s stock valued at $497,000 after buying an additional 495 shares during the last quarter. Caitlin John LLC grew its stake in shares of Broadcom by 6,617.0% during the second quarter. Caitlin John LLC now owns 3,560 shares of the semiconductor manufacturer’s stock valued at $1,345,000 after buying an additional 3,507 shares during the last quarter. Finally, Asset Allocation Strategies LLC purchased a new stake in shares of Broadcom in the second quarter worth approximately $201,000. Institutional investors own 76.43% of the company’s stock.
Insider Activity
In related news, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 1,602 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the transaction, the director directly owned 17,426 shares in the company, valued at $6,514,884.36. This represents a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,644 shares of company stock valued at $24,016,214 over the last three months. Company insiders own 1.90% of the company’s stock.
Broadcom Stock Performance
Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company’s revenue was up 85.5% compared to the same quarter last year. During the same period last year, the business earned $1.69 EPS. Equities research analysts expect that Broadcom Inc. will post 10.25 EPS for the current fiscal year.
Broadcom Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom’s payout ratio is currently 33.21%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on AVGO shares. Jefferies Financial Group assumed coverage on Broadcom in a report on Thursday. They set a “buy” rating for the company. KeyCorp reissued an “overweight” rating and set a $575.00 target price on shares of Broadcom in a research note on Thursday, September 3rd. Evercore set a $578.00 price target on shares of Broadcom in a report on Thursday. Rosenblatt Securities started coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $515.00 price objective (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. Thirty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $504.93.
View Our Latest Stock Analysis on AVGO
Broadcom News Summary
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom raised its fiscal 2027 AI-semiconductor revenue forecast to approximately $115 billion, up from more than $100 billion previously, and reportedly sees potential for about $230 billion in fiscal 2028. The outlook reflects sustained spending by hyperscalers on custom accelerators and AI infrastructure. Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Just Nvidia GPUs
- Positive Sentiment: AI semiconductor revenue reportedly jumped 221% to $16.7 billion in the latest quarter. Broadcom is benefiting as large technology companies seek alternatives or complements to Nvidia GPUs, particularly for inference workloads, custom silicon and high-speed data-center networking. Broadcom Inc. Stock: Rises as Custom AI Silicon Fuels Massive Growth Outlook
- Positive Sentiment: Analysts and financial commentators increasingly characterize Broadcom as a major beneficiary of the expansion of customized AI infrastructure, alongside its strong free-cash-flow generation and AI networking exposure. The company’s custom-chip strategy could also pressure competitors such as AMD in hyperscaler accounts. Broadcom stock: Why the AI chipmaker’s growth story is gaining steam
- Neutral Sentiment: High-volume purchases of Broadcom call options indicate speculative bullish interest, but options activity does not guarantee sustained buying in the shares. Stock Traders Purchase High Volume of Broadcom Call Options
- Negative Sentiment: Investors remain concerned about Broadcom’s premium valuation, possible margin pressure, supply constraints and dependence on a limited number of large customers. These risks help explain why the stock has declined over the past three months despite its strong AI growth outlook. Broadcom Drops 10% in 3 Months: Buy, Sell or Hold the Stock?
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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