Titleist Asset Management LLC Cuts Stock Position in Broadcom Inc. $AVGO

Titleist Asset Management LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 31,290 shares of the semiconductor manufacturer’s stock after selling 3,155 shares during the period. Broadcom comprises about 0.8% of Titleist Asset Management LLC’s holdings, making the stock its 26th biggest holding. Titleist Asset Management LLC’s holdings in Broadcom were worth $11,819,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC raised its position in shares of Broadcom by 1,320.0% during the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Networth Advisors LLC boosted its holdings in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 71 shares during the last quarter. SWAN Capital LLC boosted its holdings in Broadcom by 261.9% in 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 during the last quarter. Nvest Wealth Strategies Inc. purchased a new stake in Broadcom during the 4th quarter worth approximately $33,000. Finally, Family CFO Inc purchased a new stake in Broadcom during the 4th quarter worth approximately $35,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Harry L. You bought 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the acquisition, the director directly owned 38,466 shares of the company’s stock, valued at $14,369,743.62. This trade represents a 2.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the 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 completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,644 shares of company stock valued at $24,016,214 over the last three months. 1.90% of the stock is currently owned by company insiders.

Trending Headlines about Broadcom

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AVGO shares. 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 report on Thursday, June 4th. Susquehanna reiterated a “positive” rating and set a $490.00 price target (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Wells Fargo & Company reissued an “overweight” rating and issued a $545.00 price objective (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. Truist Financial raised their price objective on Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Weiss Ratings cut shares of Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $493.24.

Broadcom Stock Down 0.0%

Shares of AVGO opened at $416.05 on Thursday. Broadcom Inc. has a 52-week low of $281.87 and a 52-week high of $495.00. The company has a market capitalization of $1.98 trillion, a PE ratio of 69.34, a price-to-earnings-growth ratio of 0.79 and a beta of 1.45. The stock has a fifty day simple moving average of $389.67 and a two-hundred day simple moving average of $372.47. 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 (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.40 by $0.04. The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. As a group, equities analysts forecast that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 yield of 0.6%. Broadcom’s payout ratio is 43.33%.

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.