3,945 Shares in Broadcom Inc. $AVGO Purchased by Cogent Private Wealth Inc.

Posted by Lindsey Winhoffer on Jun 6th, 2026

Cogent Private Wealth Inc. purchased a new position in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,945 shares of the semiconductor manufacturer’s stock, valued at approximately $1,365,000. Broadcom comprises about 1.0% of Cogent Private Wealth Inc.’s holdings, making the stock its 27th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Miller Global Investments LLC purchased a new stake in Broadcom during the fourth quarter valued at about $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Broadcom during the fourth quarter valued at about $33,000. Family CFO Inc purchased a new stake in Broadcom during the fourth quarter valued at about $35,000. PayPay Securities Corp lifted its holdings in Broadcom by 88.9% during the fourth quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 56 shares during the last quarter. Finally, Camelot Portfolios LLC purchased a new stake in Broadcom during the fourth quarter valued at about $45,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Down 7.9%

Shares of Broadcom stock opened at $385.73 on Friday. Broadcom Inc. has a 12-month low of $241.11 and a 12-month high of $495.00. The company has a market cap of $1.83 trillion, a price-to-earnings ratio of 64.29, a PEG ratio of 0.86 and a beta of 1.41. The company has a current ratio of 2.24, a quick ratio of 1.73 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $396.22 and its 200-day moving average price is $361.90.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $22.13 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, equities analysts expect that Broadcom Inc. will post 9.97 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued 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 is presently 43.33%.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Benchmark upped their price objective on shares of Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $545.00 price objective (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Royal Bank Of Canada upped their price objective on shares of Broadcom from $360.00 to $400.00 and gave the company a “sector perform” rating in a report on Thursday. Wall Street Zen downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $525.00 price objective on shares of Broadcom in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and a consensus price target of $490.13.

View Our Latest Report on AVGO

Insider Transactions at Broadcom

In other news, insider S. Ram Velaga sold 8,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $370.52, for a total value of $2,964,160.00. Following the sale, the insider directly owned 57,932 shares of the company’s stock, valued at approximately $21,464,964.64. This represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Justine Page sold 2,018 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director directly owned 18,164 shares in the company, valued at approximately $6,411,892. The trade was a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 324,282 shares of company stock valued at $106,425,249. Company insiders own 1.90% of the company’s stock.

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.