RBA Wealth Management LLC Trims Position in Broadcom Inc. $AVGO

RBA Wealth Management LLC reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 31.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,025 shares of the semiconductor manufacturer’s stock after selling 9,472 shares during the period. Broadcom accounts for about 2.9% of RBA Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. RBA Wealth Management LLC’s holdings in Broadcom were worth $7,942,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AVGO. Total Clarity Wealth Management Inc. increased its stake in Broadcom by 42.8% during the second quarter. Total Clarity Wealth Management Inc. now owns 3,632 shares of the semiconductor manufacturer’s stock worth $1,372,000 after acquiring an additional 1,089 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Broadcom by 5.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 26,632 shares of the semiconductor manufacturer’s stock worth $10,060,000 after acquiring an additional 1,437 shares during the last quarter. Hartford Financial Management Inc. boosted its holdings in Broadcom by 164.6% during the 2nd quarter. Hartford Financial Management Inc. now owns 643 shares of the semiconductor manufacturer’s stock valued at $243,000 after acquiring an additional 400 shares during the period. Lodestone Wealth Management LLC grew its position in Broadcom by 3.7% in the 2nd quarter. Lodestone Wealth Management LLC now owns 3,309 shares of the semiconductor manufacturer’s stock valued at $1,250,000 after acquiring an additional 117 shares during the last quarter. Finally, Essex LLC grew its holdings in shares of Broadcom by 10.1% in the second quarter. Essex LLC now owns 3,996 shares of the semiconductor manufacturer’s stock worth $1,509,000 after purchasing an additional 367 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AVGO shares. DA Davidson lifted their target price on Broadcom from $375.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. BMO Capital Markets assumed coverage on shares of Broadcom in a report on Thursday. They issued an “outperform” rating and a $455.00 price target on the stock. Truist Financial increased their price objective on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Jefferies Financial Group set a $550.00 price target on shares of Broadcom and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $515.00 price target (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. Twenty-nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $491.97.

Broadcom Trading Up 1.2%

AVGO stock opened at $368.45 on Friday. The firm has a market cap of $1.75 trillion, a P/E ratio of 61.41, a PEG ratio of 0.69 and a beta of 1.45. The company’s 50-day simple moving average is $388.57 and its 200-day simple moving average is $374.80. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a 52-week low of $287.17 and a 52-week high of $495.00.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 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 analysts’ expectations of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The business’s revenue was up 47.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. As a group, equities analysts forecast that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Key Headlines 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

Insider Transactions at Broadcom

In other news, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the transaction, the director owned 17,426 shares in the company, valued at $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark David Brazeal sold 25,000 shares of Broadcom stock in a transaction on Friday, July 10th. The stock was 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. This trade represents a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 61,644 shares of company stock worth $24,016,214 over the last three months. 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.