Broadcom Inc. $AVGO is TCV Trust & Wealth Management Inc.’s 4th Largest Position

TCV Trust & Wealth Management Inc. cut its holdings in Broadcom Inc. (NASDAQ:AVGO) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 206,743 shares of the semiconductor manufacturer’s stock after selling 5,492 shares during the period. Broadcom accounts for about 5.9% of TCV Trust & Wealth Management Inc.’s holdings, making the stock its 4th biggest position. TCV Trust & Wealth Management Inc.’s holdings in Broadcom were worth $78,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVGO. CRA Financial Services LLC increased its stake in Broadcom by 1.0% in the second quarter. CRA Financial Services LLC now owns 25,016 shares of the semiconductor manufacturer’s stock valued at $9,450,000 after purchasing an additional 244 shares during the last quarter. MADDEN SECURITIES Corp boosted its stake in Broadcom by 10.6% in the 2nd quarter. MADDEN SECURITIES Corp now owns 19,204 shares of the semiconductor manufacturer’s stock worth $7,254,000 after buying an additional 1,833 shares during the last quarter. Brookmont Capital Management grew its holdings in Broadcom by 7.6% in the 2nd quarter. Brookmont Capital Management now owns 1,407 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 99 shares during the period. Narwhal Capital Management grew its holdings in Broadcom by 16.8% in the 2nd quarter. Narwhal Capital Management now owns 41,122 shares of the semiconductor manufacturer’s stock valued at $15,534,000 after buying an additional 5,900 shares during the period. Finally, EdgeRock Capital LLC increased its stake in shares of Broadcom by 8.8% during the 2nd quarter. EdgeRock Capital LLC now owns 6,797 shares of the semiconductor manufacturer’s stock valued at $2,568,000 after acquiring an additional 548 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO opened at $368.45 on Monday. Broadcom Inc. has a 12 month low of $287.17 and a 12 month high of $495.00. The stock’s 50-day moving average is $388.57 and its two-hundred day moving average is $375.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The stock has a market cap of $1.75 trillion, a PE ratio of 61.41, a P/E/G ratio of 0.70 and a beta of 1.45.

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, beating analysts’ consensus estimates of $2.40 by $0.04. The business had revenue of $22.19 billion during 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 revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 earnings per share. Equities analysts forecast that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 25,000 shares of the company’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 transaction, the insider directly owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This represents a 11.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Harry L. You purchased 1,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $373.57 per share, with a total value of $373,570.00. Following the acquisition, the director directly owned 38,466 shares of the company’s stock, valued at $14,369,743.62. The trade was a 2.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is owned by corporate insiders.

Key Stories Impacting Broadcom

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

Wall Street Analyst Weigh In

AVGO has been the topic of several recent analyst reports. UBS Group set a $485.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a report on Thursday, June 4th. Dbs Bank raised shares of Broadcom to a “moderate buy” rating in a research report on Thursday, June 18th. BMO Capital Markets initiated coverage on shares of Broadcom in a research note on Thursday. They set an “outperform” rating and a $455.00 price target on the stock. Oppenheimer reiterated an “outperform” rating and issued a $535.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, June 4th. Finally, Wall Street Zen cut shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Twenty-nine equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $491.97.

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.