Emprise Bank Lowers Position in Broadcom Inc. $AVGO

Emprise Bank lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,191 shares of the semiconductor manufacturer’s stock after selling 1,211 shares during the quarter. Broadcom accounts for 2.8% of Emprise Bank’s portfolio, making the stock its 9th largest position. Emprise Bank’s holdings in Broadcom were worth $7,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AVGO. ROSS JOHNSON & Associates LLC boosted its stake in shares of Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 66 shares during the last quarter. SWAN Capital LLC grew its holdings in shares of Broadcom by 261.9% in the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 55 shares during the period. Networth Advisors LLC increased its position in Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Nvest Wealth Strategies Inc. purchased a new stake in Broadcom during the fourth quarter valued at $33,000. Finally, Family CFO Inc purchased a new stake in Broadcom during the fourth quarter valued at $35,000. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Susquehanna reissued a “positive” rating and issued a $490.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Jefferies Financial Group set a $550.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Thursday, June 4th. Bank of America increased their price objective on shares of Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $545.00 price objective (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Finally, Dbs Bank upgraded shares of Broadcom to a “moderate buy” rating in a research report on Thursday, June 18th. Twenty-eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $493.24.

Broadcom Price Performance

NASDAQ AVGO opened at $420.57 on Friday. The business’s fifty day moving average is $393.37 and its 200 day moving average is $370.05. Broadcom Inc. has a fifty-two week low of $281.87 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. The company has a market capitalization of $2.00 trillion, a PE ratio of 70.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45.

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

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, June 22nd. Broadcom’s dividend payout ratio is presently 43.33%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is viewed as a major beneficiary of the shift toward custom AI chips. Its application-specific integrated circuits, networking silicon and optical-connectivity products are increasingly important to hyperscalers building large AI data centers, supporting expectations for significant earnings growth through 2027. Broadcom Is Down 20% From Its All-Time High. Here’s Why It’s a Screaming Bargain.
• Positive Sentiment: Record semiconductor and AI-chip demand is keeping Broadcom in focus, while analysts and market commentators describe the stock as approaching a technical breakout. The broader semiconductor rally and strong AI infrastructure spending are providing a favorable sector backdrop. Why Is Broadcom in Focus as AI Chips Set Records?
• Positive Sentiment: Broadcom introduced new VMware vDefend and Avi Load Balancer capabilities designed to improve cybersecurity, performance and operational efficiency in private-cloud environments. The updates could strengthen its infrastructure-software offering as enterprises prepare for AI workloads. Broadcom Enables Enterprises to Strengthen Multi-Layer Cyber Defense
• Neutral Sentiment: Articles comparing Broadcom with Microsoft, AMD and Nvidia highlight its strategic position in AI infrastructure, but also show that investors are weighing different ways to gain AI exposure rather than responding to a new company-specific financial catalyst. Microsoft vs. Broadcom: Two AI Powerhouses, One Better Investment
• Negative Sentiment: Potential U.S. restrictions on Chinese AI components and optical transceivers could create supply-chain bottlenecks, raise deployment costs and delay data-center projects. Although domestic suppliers may benefit over time, Broadcom could face near-term uncertainty because its chips and networking components are part of the interconnected supply chain. Broadcom, Marvell and Nvidia Could Feel the Impact of a China AI Component Ban
• Negative Sentiment: Broadcom’s strong AI outlook is already reflected in a premium valuation, leaving the stock vulnerable to profit-taking if growth expectations, customer spending or supply capacity disappoint. Competition from Marvell, Astera Labs and other custom-chip vendors is another risk. Broadcom Valuation and Growth Outlook

Insider Activity

In other news, Director Justine Page sold 1,602 shares of the stock in a transaction 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 directly owned 17,426 shares of the company’s stock, valued at $6,514,884.36. This represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harry L. You acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the transaction, the director directly 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 SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is currently owned by company insiders.

Broadcom Company 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.