SkyView Investment Advisors LLC Cuts Position in Broadcom Inc. $AVGO

SkyView Investment Advisors LLC trimmed its position in Broadcom Inc. (NASDAQ:AVGO) by 70.9% during the second quarter, Holdings Channel.com reports. The firm owned 900 shares of the semiconductor manufacturer’s stock after selling 2,188 shares during the period. SkyView Investment Advisors LLC’s holdings in Broadcom were worth $340,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AVGO. Norges Bank acquired a new stake in Broadcom in the fourth quarter valued at $24,252,196,000. Legal & General Group Plc acquired a new position in shares of Broadcom during the 2nd quarter worth about $11,998,148,000. Bank of New York Mellon Corp purchased a new position in shares of Broadcom in the 2nd quarter valued at about $10,528,191,000. Jupiter Topco LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth about $7,396,271,000. Finally, Deutsche Bank AG acquired a new stake in shares of Broadcom during the 2nd quarter worth about $5,661,216,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Up 3.0%

NASDAQ AVGO opened at $357.67 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The firm has a market cap of $1.71 trillion, a PE ratio of 45.68 and a beta of 1.44. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The firm’s fifty day moving average is $378.91 and its two-hundred day moving average is $379.01.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business’s revenue was up 85.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.69 earnings per share. Analysts expect that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom’s dividend payout ratio is 33.21%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip business is the central bullish catalyst. Management projects AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, as hyperscalers seek alternatives to standard GPUs to improve computing costs and efficiency. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Commentators including Jim Cramer view AVGO as potentially “too cheap to ignore” following a decline of roughly 30% from its yearly peak. The argument is that strong AI growth, repeated earnings beats, and a lower share price create an attractive risk-reward setup for long-term investors. Jim Cramer on Broadcom
• Positive Sentiment: Broadcom’s CEO Hock Tan reportedly expressed strong confidence despite recent AI-related market fears. The company also benefits from continued semiconductor-sector strength and expectations that AI infrastructure investment will remain elevated. Broadcom CEO Hock Tan says he isn’t worried
• Neutral Sentiment: Investor attention is unusually high, with multiple reports highlighting AVGO as one of the most-watched stocks. These articles largely recap existing earnings and valuation themes rather than announce a new company-specific development. Broadcom is Attracting Investor Attention
• Negative Sentiment: Risks include hyperscalers developing their own AI accelerators, which could reduce reliance on outside suppliers. Meta, for example, could save billions by using internally designed chips. Broadcom’s VMware and enterprise-software growth story also has mixed industry evidence, making the AI forecast the more important driver for the stock. Meta Can Save $8.5 Billion by Using Its Own Chips

Insider Buying and Selling

In related news, Director Justine Page sold 1,602 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the sale, the director owned 31,326 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 53,492 shares of company stock valued at $20,840,292 over the last three months. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AVGO shares. Fox Advisors upgraded shares of Broadcom to an “outperform” rating in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $515.00 price objective (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. Citigroup reaffirmed a “buy” rating and issued a $515.00 target price (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. Wall Street Zen lowered shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Cantor Fitzgerald lifted their price target on shares of Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $509.04.

Broadcom Profile

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.