PYA Waltman Capital LLC Increases Holdings in Broadcom Inc. $AVGO

PYA Waltman Capital LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 21.0% in the second quarter, Holdings Channel reports. The fund owned 14,024 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,438 shares during the quarter. Broadcom makes up 1.3% of PYA Waltman Capital LLC’s holdings, making the stock its 19th biggest holding. PYA Waltman Capital LLC’s holdings in Broadcom were worth $5,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Sunburst Financial Group LLC increased its stake in Broadcom by 10.4% during the second quarter. Sunburst Financial Group LLC now owns 5,737 shares of the semiconductor manufacturer’s stock worth $2,167,000 after acquiring an additional 540 shares during the last quarter. Natural Investments LLC lifted its stake in shares of Broadcom by 6.1% in the 2nd quarter. Natural Investments LLC now owns 5,412 shares of the semiconductor manufacturer’s stock valued at $2,044,000 after purchasing an additional 310 shares during the last quarter. Tsfg LLC boosted its holdings in shares of Broadcom by 95.3% in the 2nd quarter. Tsfg LLC now owns 461 shares of the semiconductor manufacturer’s stock worth $174,000 after purchasing an additional 225 shares during the period. Lionsbridge Wealth Management LLC purchased a new position in shares of Broadcom in the 2nd quarter worth approximately $795,000. Finally, KFA Private Wealth Group LLC increased its position in shares of Broadcom by 4.4% during the 2nd quarter. KFA Private Wealth Group LLC now owns 2,120 shares of the semiconductor manufacturer’s stock valued at $801,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analyst upgrade: Piper Sandler upgraded Broadcom to “strong buy,” reinforcing confidence in the company’s earnings growth and AI semiconductor outlook. Zacks Broadcom analyst upgrade
• Positive Sentiment: AI revenue expectations remain a major catalyst: Broadcom projects approximately $115 billion in AI semiconductor revenue for fiscal 2027 and $230 billion for fiscal 2028. Custom accelerators and networking products are benefiting from hyperscalers seeking lower-cost, workload-specific alternatives to Nvidia’s chips. Broadcom AI semiconductor revenue forecast
• Positive Sentiment: Strong customer demand: OpenAI, Anthropic, Alphabet and Meta are cited as buyers or potential buyers of Broadcom-designed accelerators, supporting the view that the company can gain share as AI infrastructure becomes more diversified. Broadcom custom AI accelerator demand
• Positive Sentiment: Recent execution was solid: Broadcom exceeded quarterly earnings and revenue estimates, while revenue rose sharply year over year. Analysts continue to argue that improving profits could eventually support a significantly higher valuation. Broadcom earnings and analyst coverage
• Neutral Sentiment: Market and valuation backdrop: Rising Treasury yields and a high earnings multiple are encouraging investors to scrutinize expensive AI stocks, even when long-term demand remains strong. Broadcom’s ability to deliver on its 2027–2028 forecasts will be critical.
• Negative Sentiment: Competitive uncertainty: Google’s internal chip efforts and OpenAI’s newly disclosed Samsung partnership have raised questions about whether some future custom-chip business could bypass Broadcom. The impact is unclear, but the developments may pressure near-term sentiment. Broadcom Google chip risks

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Zacks Research lowered Broadcom from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Cantor Fitzgerald increased their target price on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Piper Sandler started coverage on shares of Broadcom in a report on Wednesday. They issued an “overweight” rating and a $460.00 target price for the company. UBS Group lowered shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $515.00 price target (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $505.97.

Insider Activity at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the business’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 completion of the sale, the insider directly owned 194,989 shares of the company’s stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justine Page sold 1,602 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,644 shares of company stock worth $24,016,214 in the last 90 days. 1.90% of the stock is owned by corporate insiders.

Broadcom Price Performance

AVGO opened at $361.99 on Friday. The business has a fifty day moving average of $383.03 and a 200 day moving average of $378.32. The stock has a market cap of $1.72 trillion, a P/E ratio of 46.23 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 Inc. has a 52-week low of $289.96 and a 52-week high of $495.00.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The business had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter last year, the firm posted $1.69 earnings per share. The business’s revenue was up 85.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Broadcom Inc. will post 10.36 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is currently 33.21%.

About Broadcom

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.