Broadcom Inc. $AVGO Shares Purchased by Rathbones Group PLC

Rathbones Group PLC increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 17.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,132,778 shares of the semiconductor manufacturer’s stock after purchasing an additional 166,387 shares during the period. Broadcom accounts for about 1.4% of Rathbones Group PLC’s portfolio, making the stock its 16th largest position. Rathbones Group PLC’s holdings in Broadcom were worth $350,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AVGO. Vanguard Group Inc. lifted its position in Broadcom by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock worth $167,064,997,000 after acquiring an additional 3,919,715 shares during the period. State Street Corp increased its holdings in shares of Broadcom by 2.7% in the fourth quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock valued at $65,788,194,000 after purchasing an additional 5,040,801 shares during the period. Geode Capital Management LLC raised its stake in shares of Broadcom by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock worth $38,396,634,000 after purchasing an additional 1,548,699 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Broadcom by 3.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer’s stock worth $29,607,500,000 after purchasing an additional 2,491,644 shares during the period. Finally, Norges Bank purchased a new stake in Broadcom in the fourth quarter valued at approximately $24,252,196,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s reported multiyear memorandum of understanding with Samsung, valued at more than $200 billion, is expected to provide high-bandwidth memory and advanced manufacturing support for Broadcom’s next-generation AI accelerators through 2030. The arrangement could improve supply-chain capacity and strengthen Broadcom’s position in AI data-center infrastructure. Samsung AI chip pact article
• Positive Sentiment: Apple announced a multiyear agreement with Broadcom as part of its American Manufacturing Program. The partnership is expected to support more than $30 billion of investment in a U.S.-based silicon supply chain and advanced manufacturing equipment, adding a major customer-related opportunity. Apple manufacturing agreement article
• Positive Sentiment: Semiconductor ETFs attracted significant new cash as chip stocks rallied on strong technology earnings, potentially increasing passive and sector-wide demand for AVGO shares. Semiconductor ETF flows article
• Positive Sentiment: Analysts continue to highlight Broadcom’s AI accelerators, networking products, strong bookings, and long-term contracts as drivers of semiconductor growth into fiscal 2027. Consensus estimates imply additional upside, while upward earnings revisions could provide near-term support. Broadcom analyst upside article
• Neutral Sentiment: Commentary characterizes Broadcom as a relatively safer AI-hardware investment and suggests its infrastructure exposure could benefit from strong Alphabet and broader hyperscaler AI spending. However, these views remain dependent on continued capital-expenditure growth and execution. Broadcom safer AI hardware article
• Negative Sentiment: Broadcom recently underperformed the broader market during a pullback, highlighting sensitivity to elevated expectations. With a high earnings multiple after a powerful multiyear advance, investors may demand continued strong growth to justify the valuation. Broadcom market pullback article

Broadcom Stock Performance

Shares of AVGO stock opened at $389.28 on Monday. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a 12-month low of $281.61 and a 12-month high of $495.00. The business’s 50 day moving average is $394.08 and its two-hundred day moving average is $368.22. The company has a market capitalization of $1.85 trillion, a P/E ratio of 64.88, a P/E/G ratio of 0.74 and a beta of 1.45.

Broadcom (NASDAQ:AVGO) last announced its earnings results 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 business had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same period in the prior year, the company posted $1.58 EPS. The business’s quarterly revenue was up 47.9% on a year-over-year basis. Analysts expect that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

AVGO has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $515.00 price target (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. Royal Bank Of Canada increased their price objective on shares of Broadcom from $360.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 4th. Wall Street Zen cut shares of Broadcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Weiss Ratings lowered shares of Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $500.00 price target on shares of Broadcom in a research report on Thursday, June 4th. Twenty-eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $493.24.

Insider Activity at Broadcom

In other news, Director Harry L. You acquired 1,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the acquisition, the director owned 38,466 shares in the company, valued at approximately $14,369,743.62. This represents a 2.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Justine Page sold 1,602 shares of the business’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 sale, the director owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,644 shares of company stock worth $24,016,214 in the last ninety days. 1.90% of the stock is owned by company 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.