Broadcom Inc. $AVGO Shares Sold by CPC Advisors LLC

CPC Advisors LLC lessened its stake in Broadcom Inc. (NASDAQ:AVGO) by 73.3% in the first quarter, Holdings Channel reports. The institutional investor owned 16,243 shares of the semiconductor manufacturer’s stock after selling 44,519 shares during the quarter. Broadcom accounts for about 0.8% of CPC Advisors LLC’s portfolio, making the stock its 21st largest position. CPC Advisors LLC’s holdings in Broadcom were worth $5,028,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Johnson Bixby & Associates LLC increased its position in shares of Broadcom by 12.2% in the 1st quarter. Johnson Bixby & Associates LLC now owns 1,109 shares of the semiconductor manufacturer’s stock worth $343,000 after purchasing an additional 121 shares during the last quarter. Sterling Investment Counsel LLC raised its stake in shares of Broadcom by 1.3% in the 1st quarter. Sterling Investment Counsel LLC now owns 6,523 shares of the semiconductor manufacturer’s stock valued at $2,019,000 after purchasing an additional 86 shares in the last quarter. Tactive Advisors LLC lifted its position in shares of Broadcom by 34.3% during the first quarter. Tactive Advisors LLC now owns 1,823 shares of the semiconductor manufacturer’s stock worth $564,000 after purchasing an additional 466 shares during the last quarter. Capstone Wealth Management Group LLC lifted its position in shares of Broadcom by 0.7% during the fourth quarter. Capstone Wealth Management Group LLC now owns 40,986 shares of the semiconductor manufacturer’s stock worth $14,185,000 after purchasing an additional 291 shares during the last quarter. Finally, Waystone Advisors LLC grew its stake in Broadcom by 3.6% in the first quarter. Waystone Advisors LLC now owns 2,763 shares of the semiconductor manufacturer’s stock worth $855,000 after purchasing an additional 97 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Up 0.3%

Shares of NASDAQ AVGO opened at $381.30 on Thursday. Broadcom Inc. has a 12-month low of $262.66 and a 12-month high of $495.00. The company has a market cap of $1.81 trillion, a price-to-earnings ratio of 63.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $412.37 and its 200 day simple moving average is $363.42.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same period in the prior year, the business earned $1.58 EPS. The firm’s revenue was up 47.9% on a year-over-year basis. Equities research analysts expect that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement

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 given a dividend of $0.65 per share. The ex-dividend date is Monday, June 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is currently 43.33%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom and OpenAI unveiled Jalapeño, a custom AI inference chip that could expand Broadcom’s role in AI infrastructure and deepen its long-term partnership with OpenAI. Reuters: OpenAI unveils custom chip it designed with Broadcom to boost its AI infrastructure
• Positive Sentiment: Early testing suggests the new chip delivers better performance per watt, which supports Broadcom’s AI efficiency story and could improve adoption with hyperscale data-center customers. GlobeNewswire: OpenAI and Broadcom Unveil LLM-Optimized Intelligence Processor
• Neutral Sentiment: Broadcom raised its tender offer for senior notes to $3 billion, a financing move that may affect investor views on leverage and capital allocation more than near-term earnings. MSN: Broadcom raises tender offer for its senior notes to $3 billion
• Neutral Sentiment: Commentary around AI-chip sector volatility and whether the AI trade is cooling adds mixed context, but does not change Broadcom’s core AI growth narrative. Benzinga: Broadcom, OpenAI Unveil ‘Jalapeño’ AI Inference Chip
• Negative Sentiment: Some prior reports noted weakness in the broader semiconductor complex and concerns about AI infrastructure spending, which could limit upside if the sector selloff continues. Yahoo Finance: Broadcom (AVGO) Stock Trades Down, Here Is Why

Analyst Ratings Changes

Several analysts recently weighed in on the company. Mizuho boosted their price objective on Broadcom from $480.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $515.00 target price (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. UBS Group set a $485.00 target price on Broadcom and gave the stock a “buy” rating in a research report on Thursday, June 4th. Erste Group Bank upgraded Broadcom from a “hold” rating to a “buy” rating in a report on Friday, June 5th. Finally, Bank of America upped their price target on Broadcom from $450.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and an average target price of $493.24.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 4,825 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $394.91, for a total value of $1,905,440.75. Following the sale, the insider owned 269,989 shares of the company’s stock, valued at $106,621,355.99. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total transaction of $3,452,300.00. Following the completion of the sale, the insider owned 787,184 shares in the company, valued at approximately $271,759,532.32. This represents a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 59,385 shares of company stock valued at $21,301,057. Corporate insiders own 1.90% of the company’s 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.