Broadcom Inc. $AVGO Shares Sold by Sapient Capital LLC

Sapient Capital LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 19.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,816 shares of the semiconductor manufacturer’s stock after selling 114,193 shares during the quarter. Broadcom makes up 2.2% of Sapient Capital LLC’s portfolio, making the stock its 7th largest holding. Sapient Capital LLC’s holdings in Broadcom were worth $148,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Broadcom by 1.5% during the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock worth $18,179,719,000 after buying an additional 894,564 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Broadcom by 129.3% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock valued at $34,061,000 after acquiring an additional 62,050 shares in the last quarter. Sovran Advisors LLC boosted its holdings in shares of Broadcom by 121.3% in the fourth quarter. Sovran Advisors LLC now owns 30,631 shares of the semiconductor manufacturer’s stock valued at $10,507,000 after acquiring an additional 16,789 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Broadcom by 406.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,994 shares of the semiconductor manufacturer’s stock valued at $4,151,000 after acquiring an additional 9,624 shares during the period. Finally, Aspiriant LLC increased its stake in shares of Broadcom by 18.5% during the fourth quarter. Aspiriant LLC now owns 12,016 shares of the semiconductor manufacturer’s stock valued at $4,158,000 after acquiring an additional 1,872 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s reported multiyear memorandum of understanding with Samsung, valued at more than $200 billion, is expected to provide high-bandwidth memory and advanced manufacturing support for Broadcom’s next-generation AI accelerators through 2030. The arrangement could improve supply-chain capacity and strengthen Broadcom’s position in AI data-center infrastructure. Samsung AI chip pact article
• Positive Sentiment: Apple announced a multiyear agreement with Broadcom as part of its American Manufacturing Program. The partnership is expected to support more than $30 billion of investment in a U.S.-based silicon supply chain and advanced manufacturing equipment, adding a major customer-related opportunity. Apple manufacturing agreement article
• Positive Sentiment: Semiconductor ETFs attracted significant new cash as chip stocks rallied on strong technology earnings, potentially increasing passive and sector-wide demand for AVGO shares. Semiconductor ETF flows article
• Positive Sentiment: Analysts continue to highlight Broadcom’s AI accelerators, networking products, strong bookings, and long-term contracts as drivers of semiconductor growth into fiscal 2027. Consensus estimates imply additional upside, while upward earnings revisions could provide near-term support. Broadcom analyst upside article
• Neutral Sentiment: Commentary characterizes Broadcom as a relatively safer AI-hardware investment and suggests its infrastructure exposure could benefit from strong Alphabet and broader hyperscaler AI spending. However, these views remain dependent on continued capital-expenditure growth and execution. Broadcom safer AI hardware article
• Negative Sentiment: Broadcom recently underperformed the broader market during a pullback, highlighting sensitivity to elevated expectations. With a high earnings multiple after a powerful multiyear advance, investors may demand continued strong growth to justify the valuation. Broadcom market pullback article

Insider Transactions at Broadcom

In other Broadcom news, Director Harry L. You acquired 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 38,466 shares in the company, valued at $14,369,743.62. The trade was a 2.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,644 shares of company stock valued at $24,016,214 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $389.28 on Monday. Broadcom Inc. has a 1-year low of $281.61 and a 1-year high of $495.00. 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 company has a market capitalization of $1.85 trillion, a PE ratio of 64.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.45. The firm’s fifty day simple moving average is $394.08 and its 200-day simple moving average is $368.22.

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, topping 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 analyst estimates of $22.13 billion. During the same period last year, the company earned $1.58 earnings per share. Broadcom’s quarterly revenue was up 47.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on AVGO. Zacks Research lowered Broadcom from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Oppenheimer reiterated an “outperform” rating and set a $535.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, June 4th. 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. Dbs Bank upgraded Broadcom to a “moderate buy” rating in a research report on Thursday, June 18th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. Twenty-eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $493.24.

About Broadcom

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.