LaSalle St. Investment Advisors LLC Invests $7.03 Million in Broadcom Inc. $AVGO

LaSalle St. Investment Advisors LLC purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 18,610 shares of the semiconductor manufacturer’s stock, valued at approximately $7,030,000. Broadcom comprises about 0.9% of LaSalle St. Investment Advisors LLC’s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors have also added to or reduced their stakes in AVGO. Mystic Asset Management Inc. acquired a new position in Broadcom in the 2nd quarter valued at $17,367,000. Advisors Preferred LLC bought a new position in Broadcom during the 2nd quarter worth $9,907,000. KilterHowling LLC acquired a new stake in shares of Broadcom during the second quarter worth $1,634,000. Fairtree Asset Management Pty Ltd acquired a new stake in shares of Broadcom during the second quarter worth $3,654,000. Finally, Oxford Financial Group LTD. LLC bought a new stake in shares of Broadcom in the second quarter valued at about $2,156,000. 76.43% of the stock is currently owned by institutional investors.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street expects exceptional growth, with consensus estimates calling for approximately $29.43 billion in revenue and $3.24 in EPS, representing year-over-year growth of roughly 84.5% and 91.7%, respectively. BakerAvenue strategist King Lip has called AVGO a “top pick” ahead of the report. Broadcom stock dubbed a top pick ahead of Q3 earnings
• Positive Sentiment: Broadcom announced VMware AI Factory, which is designed to reduce private AI deployment from weeks to hours, pool GPU capacity, and provide model governance and cost controls. The initiative supports more than 150 AI models and broadens Broadcom’s opportunity in enterprise AI infrastructure. Broadcom Announces VMware AI Factory
• Positive Sentiment: New AgentMinder, VMware vDefend and Avi Load Balancer capabilities target identity, Zero Trust security, monitoring and governance for autonomous AI agents. These offerings could strengthen Broadcom’s VMware software platform and help enterprises deploy sensitive AI workloads in private clouds. Broadcom Delivers End-to-End Security for Agentic AI
• Positive Sentiment: Broadcom also launched TrueSource, a commercially supported portfolio of verified open-source software covering Spring, Java, Python, Node.js, PostgreSQL, MySQL and other data technologies. The offering may create additional recurring enterprise software revenue while addressing growing software supply-chain security concerns. Broadcom Strengthens Spring Security with TrueSource
• Neutral Sentiment: Options traders are positioning for a substantial post-earnings move, increasing volatility risk in either direction. The stock’s reaction will likely depend more on forward AI semiconductor revenue and VMware guidance than on the quarter’s headline results. How Much Traders See Broadcom Stock Moving After Earnings
• Negative Sentiment: Expectations are elevated, creating downside risk if results or guidance disappoint. Broadcom also trades at a premium valuation, while reported insider activity shows overwhelmingly more sales than purchases over the past six months.

Wall Street Analyst Weigh In

AVGO has been the topic of several research reports. Erste Group Bank restated a “hold” rating on shares of Broadcom in a research note on Tuesday, July 7th. BMO Capital Markets initiated coverage on shares of Broadcom in a research note on Thursday, August 20th. They issued an “outperform” rating and a $455.00 price objective for the company. UBS Group set a $485.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research report on Thursday, June 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $400.00 target price on shares of Broadcom in a report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $515.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and an average price target of $491.97.

Broadcom Stock Up 0.4%

AVGO stock opened at $370.34 on Tuesday. Broadcom Inc. has a 52 week low of $287.17 and a 52 week high of $495.00. The business has a 50-day simple moving average of $384.64 and a 200 day simple moving average of $376.70. 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 company has a market cap of $1.76 trillion, a PE ratio of 61.72, a price-to-earnings-growth ratio of 0.70 and a beta of 1.45.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.40 by $0.04. The firm had revenue of $22.19 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. Sell-side analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 25,000 shares of the firm’s stock in a transaction on 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 sale, the insider owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harry L. You purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the purchase, the director owned 38,466 shares in the company, valued at approximately $14,369,743.62. The trade was a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 61,644 shares of company stock valued at $24,016,214 in the last three months. Company 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.