Broadcom Inc. $AVGO Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 8.2% in the second quarter, Holdings Channel.com reports. The firm owned 23,382 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,769 shares during the period. Rehmann Capital Advisory Group’s holdings in Broadcom were worth $8,833,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CMH Wealth Management LLC increased its position in Broadcom by 2.5% during the second quarter. CMH Wealth Management LLC now owns 36,177 shares of the semiconductor manufacturer’s stock worth $13,666,000 after purchasing an additional 866 shares during the last quarter. Denver PWM LLC boosted its holdings in shares of Broadcom by 17.5% in the 2nd quarter. Denver PWM LLC now owns 1,611 shares of the semiconductor manufacturer’s stock valued at $633,000 after purchasing an additional 240 shares during the last quarter. Railway Pension Investments Ltd boosted its holdings in shares of Broadcom by 12.9% in the 2nd quarter. Railway Pension Investments Ltd now owns 852,192 shares of the semiconductor manufacturer’s stock valued at $321,916,000 after purchasing an additional 97,500 shares during the last quarter. Montanova Capital LLC purchased a new stake in shares of Broadcom during the 2nd quarter valued at $31,580,000. Finally, JNBA Financial Advisors grew its stake in shares of Broadcom by 720.6% during the 2nd quarter. JNBA Financial Advisors now owns 4,308 shares of the semiconductor manufacturer’s stock valued at $1,627,000 after buying an additional 3,783 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 61,644 shares of company stock worth $24,016,214 over the last quarter. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler initiated coverage on Broadcom in a research report on Wednesday. They issued an “overweight” rating and a $460.00 target price on the stock. DA Davidson set a $350.00 price target on Broadcom and gave the company a “neutral” rating in a research report on Friday, September 4th. Wells Fargo & Company restated 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. Royal Bank Of Canada began coverage on Broadcom in a report on Thursday, September 3rd. They set an “outperform” rating for the company. Finally, TD Cowen reissued a “buy” rating and issued a $475.00 price objective (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. Thirty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $505.97.

Broadcom Price Performance

AVGO stock opened at $360.83 on Friday. The stock’s 50 day moving average is $383.00 and its two-hundred day moving average is $378.43. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. The company has a market capitalization of $1.72 trillion, a PE ratio of 46.08 and a beta of 1.44. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm’s revenue was up 85.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 EPS. Analysts predict that Broadcom Inc. will post 10.36 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio is 33.21%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported record AI semiconductor revenue of approximately $16.7 billion and projected that the business could generate about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Custom AI accelerators and networking products are benefiting from heavy spending by hyperscalers. Broadcom Q3 2026 earnings call transcript
• Positive Sentiment: OpenAI’s selection of Broadcom for its first custom AI chip reinforces the company’s position as a key supplier to major AI developers. OpenAI’s planned $750 billion of compute infrastructure spending through 2030 could expand the addressable market for Broadcom’s chips and connectivity technology. OpenAI compute spending article
• Positive Sentiment: Several analysts and investment articles continue to argue that Broadcom’s custom-silicon and networking exposure could support substantial long-term earnings growth, with some bullish scenarios implying a share price near $900. Wall Street’s broader outlook remains constructive despite the recent pullback. Wall Street Broadcom price target article
• Neutral Sentiment: Reported short-interest data shows zero shares sold short and a zero-day days-to-cover ratio, offering no meaningful evidence that short sellers are driving the stock’s recent weakness.
• Negative Sentiment: Broadcom’s fiscal fourth-quarter revenue outlook reportedly fell short of Wall Street expectations. That softer near-term forecast led Truist to reduce its price target, highlighting a mismatch between rapidly rising long-term AI projections and nearer-term revenue timing. Truist cuts Broadcom price target
• Negative Sentiment: Investors are also focused on valuation and competitive risks, including potential AI-chip efforts by Google, Samsung, and other suppliers. Rising Treasury yields make high-multiple growth stocks less attractive and increase the market’s demand for continued earnings beats.

Broadcom Profile

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.