Northstar Group Inc. Makes New Investment in Broadcom Inc. $AVGO

Northstar Group Inc. acquired a new stake in Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,306 shares of the semiconductor manufacturer’s stock, valued at approximately $1,249,000.

Other institutional investors also recently bought and sold shares of the company. Midland Wealth Advisors LLC lifted its stake in shares of Broadcom by 5.5% during the second quarter. Midland Wealth Advisors LLC now owns 4,467 shares of the semiconductor manufacturer’s stock worth $1,687,000 after buying an additional 231 shares during the period. MBE Wealth Management LLC grew its holdings in shares of Broadcom by 28.4% during the second quarter. MBE Wealth Management LLC now owns 1,294 shares of the semiconductor manufacturer’s stock valued at $489,000 after buying an additional 286 shares during the last quarter. Fortis Group Advisors LLC increased its position in shares of Broadcom by 1.6% in the 2nd quarter. Fortis Group Advisors LLC now owns 4,805 shares of the semiconductor manufacturer’s stock valued at $1,815,000 after acquiring an additional 77 shares during the period. DHJJ Financial Advisors Ltd. increased its position in shares of Broadcom by 1.2% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 3,493 shares of the semiconductor manufacturer’s stock valued at $1,319,000 after acquiring an additional 41 shares during the period. Finally, Petra Financial Advisors Inc. raised its stake in Broadcom by 20.7% in the 2nd quarter. Petra Financial Advisors Inc. now owns 4,757 shares of the semiconductor manufacturer’s stock worth $1,797,000 after acquiring an additional 815 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Price Performance

AVGO opened at $368.45 on Monday. The company has a fifty day moving average of $388.57 and a two-hundred day moving average of $375.10. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 61.41, a PEG ratio of 0.70 and a beta of 1.45. Broadcom Inc. has a fifty-two week low of $287.17 and a fifty-two week high of $495.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. During the same period in the prior year, the company posted $1.58 EPS. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, research analysts expect that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a dividend of $0.65 per share. The ex-dividend date was Monday, June 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is currently 43.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AVGO shares. Truist Financial lifted their target price on Broadcom from $545.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Wall Street Zen lowered shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. The Goldman Sachs Group restated a “buy” rating on shares of Broadcom in a research note on Monday, August 3rd. TD Cowen reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Broadcom in a report on Thursday, June 4th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Broadcom in a research note on Tuesday, July 7th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $491.97.

Insiders Place Their Bets

In other Broadcom news, Director Harry L. You acquired 1,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $373.57 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 1,602 shares of the business’s 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 sale, the director owned 17,426 shares of the company’s stock, valued at $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 61,644 shares of company stock worth $24,016,214. Company insiders own 1.90% of the company’s stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI financing deal could expand Broadcom’s growth opportunity: Broadcom is reportedly discussing $70 billion to $80 billion of debt financing—potentially approaching $100 billion—to provide AI chips to Anthropic and other companies. The arrangement could support substantial future chip demand, although the financing remains under discussion. Broadcom debt deal expected to reach upwards of $70 billion
• Positive Sentiment: Analysts remain constructive: BMO initiated coverage with an “outperform” rating and a $455 price target, implying meaningful upside from recent levels. Other recent commentary also argues that Broadcom’s AI cycle and long-term custom-chip position could support further gains. Broadcom Stock Picks Up Another Lofty Bull Note
• Positive Sentiment: Strong AI demand underpins the bullish case: Reports cite approximately $30 billion in quarterly AI bookings and management’s goal of exceeding $100 billion in AI sales by 2027. Broadcom’s latest reported quarter also showed 47.9% year-over-year revenue growth, reinforcing the company’s momentum. Broadcom’s AI Boom: Is a 2x Stock Gain Still Within Reach?
• Neutral Sentiment: Debt-funded expansion introduces execution and balance-sheet risk: Borrowing tens of billions of dollars could accelerate AI infrastructure growth, but it would also increase leverage and financing costs if customer demand or deal economics disappoint. Broadcom reportedly eyes nearly $100 billion debt package
• Negative Sentiment: Marvell’s Google partnership threatens Broadcom’s custom AI-chip dominance: Marvell’s agreement covers products connected to Google’s TPU ecosystem, including inference accelerators and networking components. Google also received warrants that could align it more closely with Marvell, raising concerns about future share loss for Broadcom despite Broadcom’s existing multiyear Google partnership. Marvell Constructs an AI Moat With Alphabet Warrants

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.