Broadcom Inc. $AVGO Stake Boosted by Waycross Partners LLC

Waycross Partners LLC lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,169 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,625 shares during the quarter. Broadcom makes up 3.6% of Waycross Partners LLC’s portfolio, making the stock its 8th biggest holding. Waycross Partners LLC’s holdings in Broadcom were worth $37,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AVGO. Norges Bank purchased a new stake in shares of Broadcom during the 4th quarter worth about $24,252,196,000. Cardano Risk Management B.V. grew its stake in shares of Broadcom by 895.2% in the 4th quarter. Cardano Risk Management B.V. now owns 12,689,800 shares of the semiconductor manufacturer’s stock valued at $4,391,940,000 after buying an additional 11,414,701 shares in the last quarter. State Street Corp grew its stake in shares of Broadcom by 2.7% in the 4th quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock valued at $65,788,194,000 after buying an additional 5,040,801 shares in the last quarter. Vanguard Group Inc. increased its holdings in Broadcom by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock worth $167,064,997,000 after buying an additional 3,919,715 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Broadcom by 52.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,593,629 shares of the semiconductor manufacturer’s stock worth $2,974,255,000 after buying an additional 2,959,397 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Stock Up 2.7%

Shares of Broadcom stock opened at $396.81 on Thursday. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 66.14, a PEG ratio of 0.74 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. The stock has a 50 day moving average price of $399.23 and a two-hundred day moving average price of $366.26. Broadcom Inc. has a 12-month low of $273.00 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO) last released 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. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 47.9% compared to the same quarter last year. Equities analysts expect that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 43.33%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is seen as a beneficiary of a new cloud deal, which could support future growth and reinforce its position in AI and cloud infrastructure. Broadcom stands to gain from new cloud deal
• Positive Sentiment: Analysts and bullish commentators continue to highlight Broadcom’s AI exposure, dividend income, and its VCF software business as a growing earnings driver, suggesting more upside if enterprise demand stays strong. VCF is Becoming Broadcom’s Growth Engine: More Upside Ahead?
• Positive Sentiment: Broader chip-sector momentum and renewed interest in AI-linked semiconductor names are helping lift Broadcom alongside peers, with UBS saying the recent selloff may be nearing exhaustion. UBS sees Broadcom, Sandisk, Oracle stocks rebounding: here’s why
• Positive Sentiment: Several market pieces also argue Broadcom remains attractive at record highs because of strong cash generation and long-term execution under CEO Hock Tan. Cash is Always King Which is Why I Will Not Stop Adding Broadcom
• Neutral Sentiment: Some coverage simply notes Broadcom’s continued strength relative to the broader market, while other articles focus on the company as a core AI and dividend holding rather than on a fresh catalyst. These Stocks Offer AI Exposure and Dividend Payouts
• Negative Sentiment: Insider selling has added a cautious tone, with reports describing mixed insider signals across tech and noting Broadcom sales after a volatile stretch for the stock. Insider Moves Are Sending Mixed Signals Across the Tech Sector (AVGO)
• Negative Sentiment: Broadcom also faced some sentiment pressure after a patent-related ITC investigation was reported, which could create headline risk even if the direct business impact is still unclear. Is Broadcom (AVGO) Still Undervalued As Netlist Patent Claims Test Sentiment?

Analyst Upgrades and Downgrades

AVGO has been the subject of a number of analyst reports. TD Cowen reiterated a “buy” rating and issued a $500.00 target price on shares of Broadcom in a research note on Thursday, June 4th. Bank of America increased their price target on shares of Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Erste Group Bank restated a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. Truist Financial lifted their price objective on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group set a $550.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $493.24.

Insider Activity

In other Broadcom 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 sale, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 25,000 shares of Broadcom stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 61,644 shares of company stock worth $24,016,214. Insiders own 1.90% of the company’s stock.

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.