Bull Harbor Capital LLC Purchases New Stake in Broadcom Inc. $AVGO

Bull Harbor Capital LLC acquired a new position in Broadcom Inc. (NASDAQ:AVGO) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,251 shares of the semiconductor manufacturer’s stock, valued at approximately $3,482,000. Broadcom accounts for about 0.9% of Bull Harbor Capital LLC’s portfolio, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Strategic Investment Advisors MI grew its position in shares of Broadcom by 21.4% during the 1st quarter. Strategic Investment Advisors MI now owns 29,731 shares of the semiconductor manufacturer’s stock valued at $9,201,000 after acquiring an additional 5,236 shares during the period. Ashton Thomas Securities LLC lifted its stake in Broadcom by 30.0% in the first quarter. Ashton Thomas Securities LLC now owns 19,004 shares of the semiconductor manufacturer’s stock valued at $5,882,000 after purchasing an additional 4,391 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Broadcom by 4.9% in the first quarter. Arkadios Wealth Advisors now owns 144,888 shares of the semiconductor manufacturer’s stock valued at $44,844,000 after purchasing an additional 6,822 shares during the last quarter. South Dakota Investment Council grew its holdings in Broadcom by 24.2% during the first quarter. South Dakota Investment Council now owns 132,026 shares of the semiconductor manufacturer’s stock valued at $40,863,000 after purchasing an additional 25,744 shares during the period. Finally, IFS Group LLC bought a new position in Broadcom during the first quarter valued at $486,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Trading Down 2.8%

Shares of AVGO stock opened at $370.32 on Thursday. The firm has a market cap of $1.76 trillion, a P/E ratio of 61.72, a price-to-earnings-growth ratio of 0.73 and a beta of 1.45. The business has a 50-day moving average price of $395.11 and a two-hundred day moving average price of $367.66. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a 12-month low of $281.61 and a 12-month high of $495.00.

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

Broadcom Announces Dividend

The business also recently disclosed 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio (DPR) is 43.33%.

Insider Buying and Selling

In other news, Director Gayla J. Delly sold 1,890 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Justine Page sold 1,602 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the sale, the director owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,644 shares of company stock valued at $24,016,214 in the last 90 days. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AVGO. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $515.00 target price (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. Erste Group Bank reissued a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. Susquehanna restated a “positive” rating and issued a $490.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday, May 28th. Zacks Research downgraded shares of Broadcom from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Citigroup reiterated a “buy” rating 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 issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has an average rating of “Moderate Buy” and an average target price of $493.24.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reportedly signed a five-year, $200 billion agreement with Samsung covering memory chips, including high-bandwidth memory (HBM), and potentially advanced packaging. The deal could help solve a key constraint for Broadcom’s AI accelerators by securing critical memory supply and supporting long-term growth. Broadcom Just Signed a $200 Billion AI Agreement
• Positive Sentiment: Analysts and investors remain optimistic that Broadcom’s custom AI-chip business and relationships with hyperscale cloud providers can continue benefiting from infrastructure spending. Some valuation analysis indicates AVGO may be below estimated fair value based on discounted cash flow and earnings multiples despite its strong long-term appreciation. Is Broadcom Stock Below Fair Value After Its AI Deals?
• Neutral Sentiment: The Samsung agreement highlights both the scale of AI demand and the industry’s rising costs. While guaranteed memory access may support revenue, the size of the commitment could pressure margins, capital requirements, and returns if AI demand or customer orders weaken. Broadcom’s $200 Billion Samsung Deal
• Negative Sentiment: Chip stocks have continued to pull back amid fears that AI-related valuations and capital spending expectations have become excessive, creating a broader headwind for AVGO. Chip Stocks Extend Pullback Amid AI Bubble Fears
• Negative Sentiment: One analyst raised concerns about AI “backstop” arrangements involving Broadcom and Nvidia, warning that these structures could leave the companies with additional liabilities if customers do not meet expected commitments. AI Backstop Concerns

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.