United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 93,201 Shares of Broadcom Inc. $AVGO

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 67.3% in the fourth quarter, HoldingsChannel reports. The fund owned 231,716 shares of the semiconductor manufacturer’s stock after purchasing an additional 93,201 shares during the period. Broadcom makes up about 1.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s portfolio, making the stock its 18th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Broadcom were worth $80,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Miller Global Investments LLC bought a new stake in shares of Broadcom in the 4th quarter valued at about $31,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Broadcom in the 4th quarter valued at about $33,000. Family CFO Inc bought a new stake in shares of Broadcom in the 4th quarter valued at about $35,000. PayPay Securities Corp lifted its stake in shares of Broadcom by 88.9% in the 4th quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer’s stock valued at $41,000 after acquiring an additional 56 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new position in Broadcom during the 4th quarter valued at approximately $45,000. Institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AVGO. Zacks Research lowered Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their price target on Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Morgan Stanley upped their price target on Broadcom from $470.00 to $485.00 and gave the company an “overweight” rating in a research report on Monday. Weiss Ratings raised Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Finally, DA Davidson raised Broadcom to a “hold” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $455.07.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 10,000 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total transaction of $3,452,300.00. Following the sale, the insider directly owned 787,184 shares in the company, valued at approximately $271,759,532.32. This trade represents a 1.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gayla J. Delly sold 1,000 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the sale, the director owned 32,352 shares in the company, valued at approximately $11,592,045.12. This represents a 3.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 324,282 shares of company stock worth $106,425,249. Insiders own 1.90% of the company’s stock.

Broadcom Stock Up 3.0%

AVGO stock opened at $459.97 on Tuesday. Broadcom Inc. has a twelve month low of $241.11 and a twelve month high of $466.05. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The firm has a market cap of $2.18 trillion, a PE ratio of 89.84, a price-to-earnings-growth ratio of 0.92 and a beta of 1.41. The business has a 50 day moving average of $386.31 and a 200 day moving average of $359.32.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same quarter last year, the company earned $1.60 EPS. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, research analysts forecast that Broadcom Inc. will post 9.91 EPS for the current fiscal year.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Several Wall Street firms raised their price targets ahead of earnings, including Susquehanna to $490, Morgan Stanley to $485, and HSBC also turning more constructive. That signals higher expectations for Broadcom’s upcoming results and outlook. Susquehanna and UBS Raise Broadcom (AVGO) Price Target Ahead of Results
• Positive Sentiment: Broadcom introduced broadband and Wi-Fi 8 innovations with embedded AI/NPU capabilities, reinforcing the company’s growth narrative around AI at the edge and next-generation connectivity. Broadcom Connects the AI Edge with Comprehensive Multi-Gig Broadband and Wi-Fi 8 Innovations
• Positive Sentiment: Market chatter highlights Broadcom as a key AI beneficiary, with investors watching for another strong quarter as AI chip sales surge and traders expect a potentially large post-earnings move. Broadcom Reports Earnings Wednesday. Here’s How Much Traders Expect the Stock to Move
• Neutral Sentiment: Commentary on valuation notes that AVGO is trading at a premium, so the stock may need a very strong earnings print and guidance to justify the rally. Broadcom: Still A Buyer At 61x, But The Print Has To Be Flawless
• Neutral Sentiment: Some articles are simply pointing to Broadcom as a stock to watch this week or a top long-term growth name, which supports attention on the shares but does not change fundamentals by itself.
• Negative Sentiment: One note highlights a bearish bet against Broadcom, underscoring that not all investors are convinced the stock can keep extending higher. Broadcom Inc. (AVGO): Leopold Aschenbrenner Reveals Bearish Bet

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.