Pennington Partners & CO. LLC Purchases 1,394 Shares of Broadcom Inc. $AVGO

Pennington Partners & CO. LLC lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 101.9% in the first quarter, HoldingsChannel.com reports. The firm owned 2,762 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,394 shares during the quarter. Pennington Partners & CO. LLC’s holdings in Broadcom were worth $855,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GC Wealth Management RIA LLC lifted its position in Broadcom by 7.0% in the first quarter. GC Wealth Management RIA LLC now owns 90,194 shares of the semiconductor manufacturer’s stock worth $27,916,000 after buying an additional 5,928 shares during the last quarter. Compound Planning Inc. increased its position in Broadcom by 5.4% during the first quarter. Compound Planning Inc. now owns 133,261 shares of the semiconductor manufacturer’s stock valued at $41,246,000 after acquiring an additional 6,779 shares during the last quarter. Klingman & Associates LLC increased its position in Broadcom by 5.8% during the first quarter. Klingman & Associates LLC now owns 13,912 shares of the semiconductor manufacturer’s stock valued at $4,306,000 after acquiring an additional 758 shares during the last quarter. CLG LLC raised its stake in shares of Broadcom by 2.3% in the first quarter. CLG LLC now owns 1,373 shares of the semiconductor manufacturer’s stock valued at $425,000 after acquiring an additional 31 shares during the period. Finally, Modern Wealth Management LLC raised its stake in shares of Broadcom by 16.4% in the first quarter. Modern Wealth Management LLC now owns 26,044 shares of the semiconductor manufacturer’s stock valued at $8,165,000 after acquiring an additional 3,667 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Justine Page sold 1,602 shares of the stock in a transaction 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 transaction, the director directly owned 17,426 shares in the company, valued at $6,514,884.36. The trade was a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 61,644 shares of company stock worth $24,016,214. Insiders own 1.90% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $381.92 on Monday. The stock has a market cap of $1.82 trillion, a PE ratio of 63.65, a PEG ratio of 0.73 and a beta of 1.45. Broadcom Inc. has a 12 month low of $281.61 and a 12 month high of $495.00. The company’s 50-day moving average price is $397.42 and its 200-day moving average price is $366.85. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The company had revenue of $22.19 billion during 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 firm’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. Equities research analysts forecast that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s payout ratio is currently 43.33%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AVGO. Benchmark lifted their price target on shares of Broadcom from $485.00 to $545.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Zacks Research lowered shares of Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Bank of America raised their price objective 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. Weiss Ratings upgraded Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. Finally, Dbs Bank raised Broadcom to a “moderate buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $493.24.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom continues to be viewed as one of the strongest AI infrastructure names, with articles highlighting durable AI bookings, customer commitments through 2028, and the company’s importance in data center networking. Article Title
• Positive Sentiment: Several bullish commentary pieces argue the recent AI pullback is a buying opportunity, with analysts and market writers saying Broadcom still has room to grow and should benefit from continued AI spending. Article Title
• Positive Sentiment: TSMC’s planned price increases could reinforce pricing power for leading AI chip suppliers like Broadcom, which may support margins and investor confidence if demand remains strong. Article Title
• Positive Sentiment: Institutional buying also offered a constructive signal, as Alecta Pensionsförsäkring reportedly boosted its Broadcom stake by 99,200 shares. Article Title
• Neutral Sentiment: Broadcom was mentioned in a broader semiconductor sector piece saying the group is consolidating after a strong 2026 rally, with concerns around valuation and leveraged positioning contributing to July weakness across the chip space. Article Title
• Neutral Sentiment: Broadcom was also included in general “high ROE” and dividend-focused articles, reinforcing its quality profile but not adding a major new catalyst. Article Title
• Negative Sentiment: One headline noted a “large increase” in short interest in Broadcom during July, but the reported figures showed zero shares short, so this appears to be a data anomaly rather than a meaningful bearish signal. Article Title

About Broadcom

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.