Sowell Financial Services LLC Sells 1,567 Shares of Broadcom Inc. $AVGO

Sowell Financial Services LLC lessened its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,418 shares of the semiconductor manufacturer’s stock after selling 1,567 shares during the period. Broadcom accounts for 0.6% of Sowell Financial Services LLC’s holdings, making the stock its 29th biggest holding. Sowell Financial Services LLC’s holdings in Broadcom were worth $19,423,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AVGO. ROSS JOHNSON & Associates LLC lifted its stake in shares of Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Networth Advisors LLC lifted its stake in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 71 shares during the period. SWAN Capital LLC boosted its holdings in shares of Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 55 shares in the last quarter. Nvest Wealth Strategies Inc. acquired a new stake in shares of Broadcom during the 4th quarter worth approximately $33,000. Finally, Family CFO Inc bought a new stake in shares of Broadcom in the 4th quarter valued at $35,000. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AVGO shares. Mizuho increased their target price on shares of Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Wall Street Zen cut shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Dbs Bank raised Broadcom to a “moderate buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. increased their price target on Broadcom from $500.00 to $580.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Finally, DA Davidson boosted their price objective on Broadcom from $375.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Twenty-eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $493.24.

Broadcom Stock Down 0.0%

AVGO stock opened at $416.05 on Thursday. The firm has a market capitalization of $1.98 trillion, a PE ratio of 69.34, a P/E/G ratio of 0.79 and a beta of 1.45. 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 twelve month low of $281.87 and a twelve month high of $495.00. The stock’s 50 day moving average is $389.67 and its 200-day moving average is $372.47.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results 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. The business had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.Broadcom’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 earnings per share. Sell-side analysts expect that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Announces Dividend

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

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI growth remains the primary bullish catalyst. Broadcom’s AI semiconductor revenue increased 143% year over year to $10.8 billion in fiscal second quarter, and CEO Hock Tan reaffirmed his forecast for fiscal 2027 AI semiconductor revenue to exceed $100 billion. Hock Tan Reaffirmed Broadcom’s $100 Billion AI Forecast
• Positive Sentiment: Investors continue to view Broadcom as a diversified AI infrastructure play because its custom accelerators and networking products can benefit across competing AI architectures, rather than depending on a single chip design. Broadcom Wins If AI Wins So I Keep Buying
• Positive Sentiment: AMD’s planned Helios rack-scale AI systems could create additional demand for Broadcom components and networking technology, potentially expanding its ecosystem opportunity beyond direct customer programs. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Positive Sentiment: Broadcom’s software division joining the Open Secure AI Alliance adds a longer-term cybersecurity and software angle to the company’s AI strategy. Is Broadcom’s Next Big Bet Hidden in Plain Sight?
• Neutral Sentiment: Analysts and investors are comparing Broadcom’s custom-chip and networking model with NVIDIA’s more vertically integrated approach. The comparison supports Broadcom’s differentiation but highlights intense competition for AI infrastructure spending. This Is Where Nvidia Beats Broadcom
• Negative Sentiment: Valuation is the main restraint on the stock. Broadcom trades at a substantial premium to historical earnings levels, with reports citing roughly 71 times trailing earnings and 27 times projected earnings. Continued appreciation therefore depends on rapid AI earnings growth catching up with the share price. Broadcom Trades at 71 Times Earnings
• Negative Sentiment: Crake Asset Management reportedly reduced its Broadcom position by 330,000 shares, providing a modest signal of profit-taking or caution among some institutional investors. Crake Asset Management Trims Broadcom Stake

Insider Activity

In other news, Director Harry L. You bought 1,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the acquisition, the director directly owned 38,466 shares in the company, valued at approximately $14,369,743.62. This trade represents a 2.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares in the company, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is owned by insiders.

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.