Broadcom Inc. $AVGO Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,058 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,598 shares during the quarter. KCM Investment Advisors LLC’s holdings in Broadcom were worth $19,208,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in AVGO. Infrastructure Capital Advisors LLC boosted its position in shares of Broadcom by 21.7% in the 1st quarter. Infrastructure Capital Advisors LLC now owns 3,323 shares of the semiconductor manufacturer’s stock valued at $1,029,000 after purchasing an additional 593 shares during the period. Excelsior Advisor Network LLC lifted its stake in Broadcom by 152.2% in the first quarter. Excelsior Advisor Network LLC now owns 2,676 shares of the semiconductor manufacturer’s stock valued at $828,000 after buying an additional 1,615 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Broadcom by 19.8% in the first quarter. Quantinno Capital Management LP now owns 2,335,407 shares of the semiconductor manufacturer’s stock valued at $722,832,000 after acquiring an additional 385,849 shares during the period. Lazard Asset Management LLC grew its position in shares of Broadcom by 12.4% during the first quarter. Lazard Asset Management LLC now owns 2,721,809 shares of the semiconductor manufacturer’s stock worth $842,427,000 after acquiring an additional 299,575 shares during the last quarter. Finally, ABS Direct Equity Fund LLC acquired a new position in shares of Broadcom in the 1st quarter valued at $87,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-silicon business continues to attract demand from hyperscalers building AI infrastructure, with new client wins supporting the company’s growth outlook. Broadcom Rose on Strong Custom Silicon Demand and New Client Wins
• Positive Sentiment: Alphabet plans to spend approximately $195 billion to $205 billion on capital expenditures this year, maintaining a substantial customer opportunity for AI processors supplied by Broadcom and Nvidia. Alphabet CEO Sundar Pichai Just Made a Major Decision Affecting Nvidia and Broadcom Investors
• Positive Sentiment: J.P. Morgan said Broadcom will source most of its memory requirements from Samsung through 2030, potentially improving supply visibility as AI-related memory demand expands. Broadcom’s Expanded Samsung Pact Shows AI Trade Is Still All About Memory
• Positive Sentiment: Recent investor commentary highlights Broadcom as a direct beneficiary of rising data-center infrastructure spending, with its custom silicon and networking products positioned as a way to monetize hyperscaler AI investment. I’m Buying Broadcom This Week For One Powerful Reason
• Neutral Sentiment: Broadcom has delivered strong long-term shareholder returns and recently benefited from solid quarterly results, although those gains have contributed to elevated expectations. 3 Big Reasons to Love Broadcom
• Negative Sentiment: The immediate pressure on AVGO is sector-wide: chip stocks extended their pullback as investors questioned whether the AI trade resembles a bubble, weighing on the Nasdaq and semiconductor valuations. Chip Stocks Extend Pullback Amid AI Bubble Fears
• Negative Sentiment: Investors remain concerned that hyperscaler capital-expenditure plans could slow or that Broadcom’s dependence on major customers, including Google, may limit its valuation upside. These concerns are competing with the company’s AI growth narrative. Broadcom: Why the Google Share Panic Misses What Broadcom’s Moat Actually Is

Broadcom Trading Down 0.6%

NASDAQ AVGO opened at $380.91 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.81 trillion, a P/E ratio of 63.49, a P/E/G ratio of 0.73 and a beta of 1.45. Broadcom Inc. has a 52-week low of $281.61 and a 52-week high of $495.00. The firm has a 50-day moving average price of $396.06 and a 200 day moving average price of $367.39.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The company had revenue of $22.19 billion for 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 firm’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 EPS. Equities research analysts expect that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AVGO shares. TD Cowen reiterated a “buy” rating and set a $500.00 price target on shares of Broadcom in a research note on Thursday, June 4th. Wall Street Zen downgraded shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Seaport Research Partners restated a “neutral” rating on shares of Broadcom in a research report on Wednesday, April 8th. Truist Financial increased their price objective on Broadcom from $545.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Mizuho boosted their target price on Broadcom from $480.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Twenty-eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $493.24.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the sale, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 61,644 shares of company stock worth $24,016,214 in the last ninety days. 1.90% of the stock is owned by insiders.

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.