Western Wealth Management LLC Has $27.44 Million Stake in Broadcom Inc. $AVGO

Western Wealth Management LLC raised its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 24.3% in the first quarter, Holdings Channel reports. The fund owned 88,661 shares of the semiconductor manufacturer’s stock after buying an additional 17,326 shares during the quarter. Broadcom comprises approximately 1.0% of Western Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Western Wealth Management LLC’s holdings in Broadcom were worth $27,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in Broadcom by 1.5% during the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after purchasing an additional 894,564 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Broadcom by 129.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock worth $34,061,000 after buying an additional 62,050 shares in the last quarter. Fifth Lane Capital LP lifted its position in shares of Broadcom by 77.8% during the 4th quarter. Fifth Lane Capital LP now owns 4,000 shares of the semiconductor manufacturer’s stock worth $1,384,000 after buying an additional 1,750 shares during the period. Ethos Capital Management Inc. bought a new position in shares of Broadcom during the 4th quarter worth approximately $3,910,000. Finally, TD Private Client Wealth LLC boosted its stake in Broadcom by 16.5% in the 4th quarter. TD Private Client Wealth LLC now owns 64,927 shares of the semiconductor manufacturer’s stock valued at $22,471,000 after buying an additional 9,193 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Down 1.5%

Shares of AVGO opened at $416.08 on Wednesday. The stock’s fifty day simple moving average is $390.93 and its 200-day simple moving average is $371.83. The firm has a market capitalization of $1.98 trillion, a PE ratio of 69.35, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. Broadcom Inc. has a 12-month low of $281.87 and a 12-month high of $495.00. 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 (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. During the same period in the previous year, the business posted $1.58 EPS. The company’s quarterly revenue was up 47.9% compared to the same quarter last year. As a group, research analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement

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

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Harry L. You bought 1,000 shares of the stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $373.57 per share, with a total value of $373,570.00. Following the acquisition, the director owned 38,466 shares of the company’s stock, valued at approximately $14,369,743.62. The trade was a 2.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the sale, the director owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on AVGO. Benchmark lifted their price objective on Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Citigroup reiterated a “buy” rating on shares of Broadcom in a research report on Thursday, June 4th. Rosenblatt Securities restated a “buy” rating and issued a $500.00 price target on shares of Broadcom in a research report on Thursday, June 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $545.00 target price (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Broadcom in a research report on Monday, August 3rd. Twenty-eight 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, Broadcom has an average rating of “Moderate Buy” and a consensus target price of $493.24.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI revenue outlook remains a major catalyst. Broadcom’s AI semiconductor revenue increased 143% year over year to $10.8 billion in fiscal second quarter. CEO Hock Tan reaffirmed that fiscal 2027 AI semiconductor revenue should exceed $100 billion, supporting the long-term growth narrative. Hock Tan Reaffirmed Broadcom’s $100 Billion AI Forecast
• Positive Sentiment: Broadcom could benefit from multiple AI infrastructure channels. Coverage highlighted its custom-chip and networking exposure, while AMD’s Helios rack-scale systems could create additional demand for Broadcom components. Analysts also view Broadcom as a potentially attractive complement to NVIDIA in an AI-focused portfolio. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Positive Sentiment: Software and security initiatives broaden the story. Broadcom joined NVIDIA and other companies as a founding member of the Open Secure AI Alliance, while expanding VMware Cloud Foundation security features. These efforts may strengthen its enterprise software position and help defend against Nutanix and IBM. Broadcom Boosts VCF Security
• Neutral Sentiment: Brokerage sentiment remains supportive, with Broadcom carrying a consensus “Moderate Buy” rating and at least one firm raising its fiscal 2027 EPS estimate. Reported short interest was zero shares, offering no meaningful evidence of either short-covering demand or elevated bearish positioning.
• Negative Sentiment: Near-term trading pressure reflects valuation and profit-taking. Broadcom pulled back after its extended rally, while comparisons showed NVIDIA retaining advantages in some AI markets. Crake Asset Management also trimmed its position by 330,000 shares, a modest sentiment headwind. Broadcom Slips After Seven-Session Advance

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.