Idaho Trust Co Acquires New Shares in Broadcom Inc. $AVGO

Idaho Trust Co acquired a new position in Broadcom Inc. (NASDAQ:AVGO) in the second quarter, HoldingsChannel reports. The fund acquired 2,023 shares of the semiconductor manufacturer’s stock, valued at approximately $764,000. Broadcom comprises 0.2% of Idaho Trust Co’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in AVGO. Compass Capital Management Inc. bought a new stake in shares of Broadcom in the 2nd quarter valued at about $4,535,000. Prospect Financial Group LLC bought a new position in shares of Broadcom during the second quarter valued at approximately $480,000. Avise Financial Cooperative Inc. bought a new position in shares of Broadcom during the second quarter valued at approximately $285,000. Insight Wealth Partners LLC purchased a new position in Broadcom during the second quarter valued at approximately $3,274,000. Finally, Roman Butler Fullerton & Co. purchased a new position in Broadcom during the second quarter valued at approximately $2,305,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity

In other news, Director Harry L. You acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was acquired 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AVGO has been the subject of a number of analyst reports. Weiss Ratings lowered Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $525.00 price target on shares of Broadcom in a research report on Thursday, June 4th. BMO Capital Markets assumed coverage on Broadcom in a research note on Thursday, August 20th. They set an “outperform” rating and a $455.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating on shares of Broadcom in a research report on Monday, August 3rd. Finally, Morgan Stanley set a $502.00 price target on Broadcom and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $491.97.

Broadcom Stock Performance

NASDAQ:AVGO opened at $355.59 on Thursday. 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 firm has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 59.27, a PEG ratio of 0.68 and a beta of 1.45. The company’s 50-day moving average is $386.72 and its two-hundred day moving average is $376.03. Broadcom Inc. has a 1-year low of $287.17 and a 1-year high of $495.00.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The business had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. During the same quarter last year, the business posted $1.58 EPS. The business’s quarterly revenue was up 47.9% compared to the same quarter last year. Analysts forecast that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, June 22nd. Broadcom’s payout ratio is 43.33%.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analyst support remains strong: BMO initiated coverage with an Outperform rating and a $455 price target, while RBC reaffirmed its Sector Perform rating with a $400 target—both implying potential upside from the recently reported trading level. BMO starts Broadcom at Outperform with $455 target
• Positive Sentiment: AI infrastructure demand remains the core bullish thesis: Broadcom is positioned to benefit from custom AI accelerators, networking equipment, and the shift toward inference and agentic AI workloads. Commentary also suggests a potential “next $100 billion” AI business opportunity if hyperscaler demand continues. Broadcom’s next $100 billion AI business is taking shape
• Positive Sentiment: VMware commercial traction is encouraging: Rackspace launched a managed multitenant cloud based on Broadcom’s VMware Cloud Foundation 9.1, supporting regulated workloads, Kubernetes, and AI applications. Broadcom debuts VMware Cloud Foundation 9.1
• Neutral Sentiment: Earnings are the near-term catalyst: Investors are awaiting Broadcom’s results and guidance for evidence that AI demand, custom-chip growth, and VMware integration can offset rising expectations. Its prior quarter showed 47.9% year-over-year revenue growth and earnings above consensus.
• Negative Sentiment: Customer concentration is a key risk: Analysts caution that dependence on a small number of large hyperscale customers could make revenue vulnerable to spending changes, in-house chip development, or order delays. Broadcom’s real risk is its customer list
• Negative Sentiment: Valuation and financial concerns are weighing on sentiment: Broadcom’s premium multiple, potential margin contraction, vendor-financing expansion, and reports of increased credit-default-swap concerns have raised questions about execution and balance-sheet risk. Broadcom Q3 earnings preview

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.