Left Brain Wealth Management LLC Purchases 1,647 Shares of Broadcom Inc. $AVGO

Left Brain Wealth Management LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,297 shares of the semiconductor manufacturer’s stock after buying an additional 1,647 shares during the period. Broadcom makes up about 2.8% of Left Brain Wealth Management LLC’s holdings, making the stock its 11th largest holding. Left Brain Wealth Management LLC’s holdings in Broadcom were worth $9,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Broadcom during the 2nd quarter valued at about $18,579,549,000. Vanguard Group Inc. raised its stake in Broadcom by 1.3% in the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock valued at $133,261,046,000 after purchasing an additional 6,222,802 shares in the last quarter. Edgewood Management LLC purchased a new stake in Broadcom in the second quarter valued at approximately $1,571,438,000. Massachusetts Financial Services Co. MA lifted its position in Broadcom by 115.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer’s stock valued at $1,658,680,000 after purchasing an additional 3,224,739 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Broadcom by 8.4% in the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock worth $10,598,641,000 after buying an additional 2,978,768 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

In other news, Director Harry L. You purchased 1,000 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were acquired at an average price of $325.13 per share, with a total value of $325,130.00. Following the acquisition, the director directly owned 36,602 shares in the company, valued at approximately $11,900,408.26. The trade was a 2.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 30,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the completion of the transaction, the insider owned 210,573 shares in the company, valued at $73,094,099.76. The trade was a 12.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 779,101 shares of company stock worth $283,804,325 over the last ninety days. 2.00% of the stock is owned by company insiders.

Broadcom Trading Up 4.9%

NASDAQ AVGO opened at $332.97 on Friday. The firm has a market cap of $1.58 trillion, a PE ratio of 65.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.22. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. The stock has a 50-day moving average of $334.17 and a 200-day moving average of $342.61. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.02. Broadcom had a return on equity of 39.28% and a net margin of 36.57%.The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same period last year, the company earned $1.60 EPS. Broadcom’s revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a dividend of $0.65 per share. The ex-dividend date was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is currently 50.78%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 beat and strong guidance — Broadcom reported $2.05 EPS vs. ~$2.03 consensus and $19.31B revenue (up ~29.5% YoY). Management guided Q2 revenue around $22.0B (well above consensus) and announced a $10B buyback, signaling confidence in demand. Broadcom Q1 results & buyback (PR Newswire)
• Positive Sentiment: AI revenue surge and long-term AI thesis — AI semiconductor sales more than doubled (reported ~106% YoY, ~$8.4B), and CEO Hock Tan projected AI chip sales “significantly in excess of $100B” in 2027 — comments that pushed investor conviction around sustainable AI demand. Reuters: Broadcom >$100B AI chip sales outlook
• Positive Sentiment: Wall Street upgrades and higher price targets — Multiple firms raised ratings/targets (JPMorgan, Citigroup, Truist, Rosenblatt and others), driving momentum and providing fresh buy-side support. Finbold: Analysts upgrade Broadcom after earnings
• Neutral Sentiment: Product progress and roadmap — Broadcom has started shipping advanced 3.5D/2nm custom compute SoCs and added XPU customers, which supports longer-term competitive positioning but will take time to translate into sustained margin expansion. Yahoo Finance: Broadcom ships 3.5D compute SoC
• Neutral Sentiment: Sector tailwinds — The broad semiconductor/AI capex theme is lifting interest in AVGO via ETFs and sector flows; this supports multiple catalysts but also ties AVGO to broader chip-cycle sentiment. MarketBeat: AI capex and semiconductor ETFs
• Negative Sentiment: Software segment weakness — Infrastructure software (including VMware-related revenue) grew only ~1% YoY, and analysts/writers flagged software as a drag that could limit overall margin upside. WSJ: AI business booming; software complicated
• Negative Sentiment: Regulatory/export risk and analyst caution — Reports that U.S. export rules for AI chips could tighten and at least one analyst downgrade/trading reaction introduce execution and geopolitical risk that could re-rate multiples. Investopedia: potential new export rules American Banking News: trading down after downgrade

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research reports. Bank of America lowered their price objective on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday. Robert W. Baird set a $420.00 price target on Broadcom in a research report on Friday, December 12th. Rosenblatt Securities upped their price objective on Broadcom from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho set a $480.00 price objective on Broadcom and gave the company an “outperform” rating in a research report on Friday, January 9th. Finally, Truist Financial raised their price objective on Broadcom from $510.00 to $545.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Broadcom has an average rating of “Moderate Buy” and an average target price of $435.03.

Broadcom 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.