2,400 Shares in Broadcom Inc. $AVGO Purchased by Herbst Group LLC

Herbst Group LLC acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the second quarter, HoldingsChannel reports. The fund acquired 2,400 shares of the semiconductor manufacturer’s stock, valued at approximately $907,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. TOWER TRUST & INVESTMENT Co lifted its holdings in Broadcom by 61.2% during the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 8,686 shares of the semiconductor manufacturer’s stock worth $3,281,000 after buying an additional 3,299 shares in the last quarter. StoneCrest Wealth Management Inc. boosted its position in Broadcom by 224.5% in the 2nd quarter. StoneCrest Wealth Management Inc. now owns 11,333 shares of the semiconductor manufacturer’s stock valued at $4,281,000 after buying an additional 7,841 shares during the last quarter. Deane Retirement Strategies Inc. acquired a new stake in shares of Broadcom in the 2nd quarter valued at $4,756,000. Wealth Science Advisors LLC increased its stake in shares of Broadcom by 18.7% in the 2nd quarter. Wealth Science Advisors LLC now owns 14,871 shares of the semiconductor manufacturer’s stock valued at $5,618,000 after buying an additional 2,348 shares during the period. Finally, Aletheian Wealth Advisors LLC raised its position in shares of Broadcom by 10.9% during the second quarter. Aletheian Wealth Advisors LLC now owns 5,200 shares of the semiconductor manufacturer’s stock worth $1,964,000 after acquiring an additional 510 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AVGO shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. TD Cowen reissued a “buy” rating and set a $500.00 price objective on shares of Broadcom in a report on Thursday, June 4th. Citigroup restated a “buy” rating on shares of Broadcom in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $515.00 target price (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. Finally, Wall Street Zen cut shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Twenty-eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and a consensus target price of $493.24.

Insider Activity

In other news, Director Harry L. You bought 1,000 shares of the business’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 completion of the acquisition, the director 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the transaction, the director directly owned 17,426 shares in the company, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 61,644 shares of company stock worth $24,016,214 over the last quarter. 1.90% of the stock is owned by insiders.

Broadcom Price Performance

Shares of Broadcom stock opened at $427.76 on Monday. The business has a fifty day simple moving average of $392.99 and a 200 day simple moving average of $370.59. The stock has a market cap of $2.04 trillion, a PE ratio of 71.29, a price-to-earnings-growth ratio of 0.82 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 12 month low of $281.87 and a 12 month high of $495.00.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share 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 return on equity of 41.61% and a net margin of 38.85%.The company’s quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Research analysts predict that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 annualized dividend and a yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is presently 43.33%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI demand remains the primary catalyst. Analysts highlighted Broadcom’s record quarterly revenue of approximately $22.2 billion, 79% growth in semiconductor revenue, 143% growth in AI semiconductor revenue to $10.8 billion and more than $30 billion in AI bookings. The figures support the view that hyperscaler spending on custom chips, networking and connectivity is still expanding. Is the AI Selloff a Buying Opportunity? The Data Says Yes
• Positive Sentiment: Broadcom is being positioned as a beneficiary of AI infrastructure bottlenecks. Commentary identified networking equipment, optical interconnects and power delivery as supply-constrained areas, with Broadcom named among companies that could benefit as data-center construction accelerates. Other reports described the company as a leading AI infrastructure stock and a potentially attractive long-term chip investment. Beyond NVIDIA and GPUs: The Next AI and Quantum Winners Leading 2026 3 AI Infrastructure Stocks That Could Make You Rich in August
• Positive Sentiment: Product updates add support for Broadcom’s software business. New capabilities for VMware vDefend and Avi Load Balancer are intended to improve cybersecurity, performance and operational efficiency in private-cloud environments, potentially strengthening Broadcom’s infrastructure-software offering as enterprises prepare for AI workloads. Broadcom Enables Enterprises to Strengthen Multi-Layer Cyber Defense and Operational Efficiency
• Neutral Sentiment: Broadcom was included in stock screens favoring companies with high returns on equity and strong earnings growth. The favorable fundamental profile supports investor interest, but the articles offered no new company-specific financial data. 5 High ROE Stocks to Buy as Oil Price Surge Hits Short-Term Rally
• Negative Sentiment: Risks include stretched valuation and broader-market concerns. Coverage warned that AI stocks may face a normal pullback after a strong rally, while oil-price increases could revive inflation concerns. One investment firm also disclosed that it sold 3,867 Broadcom shares, though the transaction appears minor relative to the company’s overall market value. SCS Capital Trims Broadcom Stake

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.