Broadcom Inc. $AVGO Holdings Raised by Talon Private Wealth LLC

Talon Private Wealth LLC raised its position in Broadcom Inc. (NASDAQ:AVGO) by 11.7% during the second quarter, HoldingsChannel.com reports. The firm owned 16,020 shares of the semiconductor manufacturer’s stock after buying an additional 1,679 shares during the quarter. Talon Private Wealth LLC’s holdings in Broadcom were worth $6,051,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AVGO. ABS Direct Equity Fund LLC boosted its holdings in Broadcom by 170.0% during the second quarter. ABS Direct Equity Fund LLC now owns 756 shares of the semiconductor manufacturer’s stock valued at $286,000 after acquiring an additional 476 shares during the period. Bouchey Financial Group Ltd. lifted its position in Broadcom by 15.8% in the second quarter. Bouchey Financial Group Ltd. now owns 7,216 shares of the semiconductor manufacturer’s stock worth $2,726,000 after purchasing an additional 985 shares during the period. Miramontes Capital LLC increased its stake in Broadcom by 2.5% in the second quarter. Miramontes Capital LLC now owns 14,231 shares of the semiconductor manufacturer’s stock valued at $5,376,000 after acquiring an additional 351 shares during the period. Core Capital Management & Research inc. acquired a new position in shares of Broadcom in the 2nd quarter worth approximately $31,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Broadcom by 32.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,023,467 shares of the semiconductor manufacturer’s stock worth $2,486,114,000 after purchasing an additional 1,712,701 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AVGO. Lake Street Capital upgraded Broadcom to a “buy” rating in a research report on Thursday, September 3rd. Citigroup restated a “buy” rating and issued a $515.00 price target (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. JPMorgan Chase & Co. upped their target price on shares of Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Cantor Fitzgerald boosted their price objective on Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Finally, KeyCorp reaffirmed an “overweight” rating and set a $575.00 price objective on shares of Broadcom in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $509.04.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip business is the central bullish catalyst. Management projects AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, as hyperscalers seek alternatives to standard GPUs to improve computing costs and efficiency. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Commentators including Jim Cramer view AVGO as potentially “too cheap to ignore” following a decline of roughly 30% from its yearly peak. The argument is that strong AI growth, repeated earnings beats, and a lower share price create an attractive risk-reward setup for long-term investors. Jim Cramer on Broadcom
• Positive Sentiment: Broadcom’s CEO Hock Tan reportedly expressed strong confidence despite recent AI-related market fears. The company also benefits from continued semiconductor-sector strength and expectations that AI infrastructure investment will remain elevated. Broadcom CEO Hock Tan says he isn’t worried
• Neutral Sentiment: Investor attention is unusually high, with multiple reports highlighting AVGO as one of the most-watched stocks. These articles largely recap existing earnings and valuation themes rather than announce a new company-specific development. Broadcom is Attracting Investor Attention
• Negative Sentiment: Risks include hyperscalers developing their own AI accelerators, which could reduce reliance on outside suppliers. Meta, for example, could save billions by using internally designed chips. Broadcom’s VMware and enterprise-software growth story also has mixed industry evidence, making the AI forecast the more important driver for the stock. Meta Can Save $8.5 Billion by Using Its Own Chips

Broadcom Stock Performance

NASDAQ:AVGO opened at $357.67 on Friday. The company has a market cap of $1.71 trillion, a price-to-earnings ratio of 45.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The stock has a fifty day moving average price of $378.91 and a 200-day moving average price of $379.01.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same period last year, the firm earned $1.69 EPS. As a group, equities analysts anticipate that Broadcom Inc. will post 10.36 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom’s dividend payout ratio is currently 33.21%.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the sale, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction that occurred 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 owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 53,492 shares of company stock worth $20,840,292. 1.90% of the stock is currently owned by insiders.

Broadcom Profile

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.