Broadcom Inc. $AVGO is Empowered Funds LLC’s 5th Largest Position

Empowered Funds LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 64.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699,504 shares of the semiconductor manufacturer’s stock after purchasing an additional 275,197 shares during the period. Broadcom makes up approximately 1.4% of Empowered Funds LLC’s holdings, making the stock its 5th biggest position. Empowered Funds LLC’s holdings in Broadcom were worth $216,503,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after acquiring an additional 756 shares in the last quarter. United Bank raised its holdings in Broadcom by 76.5% in the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after acquiring an additional 1,014 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Broadcom by 10.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock worth $3,499,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Capital & Planning LLC lifted its position in Broadcom by 10.5% in the 2nd quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock valued at $1,098,000 after acquiring an additional 378 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Up 0.0%

Shares of Broadcom stock opened at $418.28 on Thursday. Broadcom Inc. has a twelve month low of $281.87 and a twelve month high of $495.00. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $393.49 and its 200 day moving average is $369.56. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 69.71, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45.

Broadcom (NASDAQ:AVGO) last posted its 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 business had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm’s revenue was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 EPS. Research analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. Broadcom’s payout ratio is presently 43.33%.

Wall Street Analyst Weigh In

Several analysts have commented on AVGO shares. Susquehanna reiterated a “positive” rating and set a $490.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, May 28th. Seaport Research Partners reissued a “neutral” rating on shares of Broadcom in a report on Wednesday, April 8th. Truist Financial boosted their price target on Broadcom from $545.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Benchmark upped their price target on Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $500.00 price objective on shares of Broadcom in a research report on Thursday, June 4th. Twenty-eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $493.24.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s strong AI exposure remains the primary catalyst. Its latest quarterly results showed AI semiconductor revenue of $10.8 billion, up 143% year over year, while management maintained its expectation for AI semiconductor revenue to exceed $100 billion in fiscal 2027. Investors are also focused on Broadcom’s custom-chip relationships with major cloud customers, including Google and OpenAI. Broadcom custom AI chips article
• Positive Sentiment: A broad semiconductor rally, record industry sales and renewed risk appetite are lifting AVGO alongside AMD, Marvell and Micron. Analysts and market commentators increasingly describe Broadcom as one of Nvidia’s most significant competitors in data-center silicon because of its custom AI accelerators and high-speed networking portfolio. Semiconductor rally article
• Positive Sentiment: Potential U.S. restrictions on Chinese optical-transceiver imports could create additional demand for Broadcom’s networking chips and digital-signal-processing components as data centers seek Western alternatives. The company’s optical and connectivity technologies may become more strategically important as AI clusters migrate toward 800G and 1.6T architectures. AI infrastructure and optical supply chain article
• Neutral Sentiment: Analyst sentiment is favorable, with recent Buy ratings and a median price target of about $525, but targets vary widely. This optimism is balanced by AVGO’s elevated valuation, making the stock more sensitive to any slowdown in AI spending or weaker guidance.
• Negative Sentiment: A possible ban on Chinese AI-related components could increase costs, constrain optical-transceiver supply and delay hyperscaler data-center deployments. Broadcom could benefit from substitution demand, but it could also face near-term disruption across an interconnected supply chain. China AI component ban article
• Negative Sentiment: Reported insider activity has been overwhelmingly weighted toward sales, which may raise caution after the recent advance, although institutional ownership remains mixed rather than uniformly negative.

Insider Transactions at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the transaction, the director directly owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harry L. You purchased 1,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $373.57 per share, with a total value of $373,570.00. Following the completion of the purchase, 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 disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is currently owned by insiders.

Broadcom 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.