Strategic Advisors LLC Has $4.92 Million Stock Position in Broadcom Inc. $AVGO

Strategic Advisors LLC lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 40.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,022 shares of the semiconductor manufacturer’s stock after selling 8,752 shares during the period. Broadcom comprises 0.9% of Strategic Advisors LLC’s holdings, making the stock its 23rd largest position. Strategic Advisors LLC’s holdings in Broadcom were worth $4,919,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. 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 worth $65,788,194,000 after acquiring an additional 5,040,801 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Broadcom by 1.4% during 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 period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Broadcom by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer’s stock valued at $29,607,500,000 after purchasing an additional 2,491,644 shares in the last quarter. Norges Bank bought a new position in shares of Broadcom during the 4th quarter valued at about $24,252,196,000. Finally, Bank of America Corp DE grew its position in shares of Broadcom by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock valued at $23,202,543,000 after purchasing an additional 2,685,916 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Broadcom from $500.00 to $580.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Jefferies Financial Group initiated coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued a “buy” rating on the stock. Lake Street Capital upgraded shares of Broadcom to a “buy” rating in a report on Thursday, September 3rd. Wells Fargo & Company reissued an “overweight” rating and set a $545.00 price objective (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Finally, Truist Financial dropped their price objective on shares of Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Thirty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and a consensus target price of $505.97.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported record AI semiconductor revenue of approximately $16.7 billion and projected that the business could generate about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Custom AI accelerators and networking products are benefiting from heavy spending by hyperscalers. Broadcom Q3 2026 earnings call transcript
• Positive Sentiment: OpenAI’s selection of Broadcom for its first custom AI chip reinforces the company’s position as a key supplier to major AI developers. OpenAI’s planned $750 billion of compute infrastructure spending through 2030 could expand the addressable market for Broadcom’s chips and connectivity technology. OpenAI compute spending article
• Positive Sentiment: Several analysts and investment articles continue to argue that Broadcom’s custom-silicon and networking exposure could support substantial long-term earnings growth, with some bullish scenarios implying a share price near $900. Wall Street’s broader outlook remains constructive despite the recent pullback. Wall Street Broadcom price target article
• Neutral Sentiment: Reported short-interest data shows zero shares sold short and a zero-day days-to-cover ratio, offering no meaningful evidence that short sellers are driving the stock’s recent weakness.
• Negative Sentiment: Broadcom’s fiscal fourth-quarter revenue outlook reportedly fell short of Wall Street expectations. That softer near-term forecast led Truist to reduce its price target, highlighting a mismatch between rapidly rising long-term AI projections and nearer-term revenue timing. Truist cuts Broadcom price target
• Negative Sentiment: Investors are also focused on valuation and competitive risks, including potential AI-chip efforts by Google, Samsung, and other suppliers. Rising Treasury yields make high-multiple growth stocks less attractive and increase the market’s demand for continued earnings beats.

Broadcom Stock Down 1.0%

NASDAQ:AVGO opened at $360.83 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 company has a market cap of $1.72 trillion, a PE ratio of 46.08 and a beta of 1.44. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. The stock has a 50-day simple moving average of $383.00 and a 200 day simple moving average of $378.43.

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

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Insider Activity

In other news, Director Gayla Delly sold 1,890 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the 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 transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,644 shares of company stock worth $24,016,214 over the last ninety days. Insiders own 1.90% of the company’s stock.

About Broadcom

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.