XML Financial LLC Has $4.75 Million Position in Broadcom Inc. $AVGO

XML Financial LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 24.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,718 shares of the semiconductor manufacturer’s stock after buying an additional 2,727 shares during the period. XML Financial LLC’s holdings in Broadcom were worth $4,748,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Miller Global Investments LLC bought a new position in shares of Broadcom in the 4th quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Broadcom during the fourth quarter valued at approximately $33,000. Family CFO Inc bought a new stake in Broadcom in the fourth quarter valued at $35,000. PayPay Securities Corp grew its position in Broadcom by 88.9% in the fourth 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 period. Finally, Cherry Tree Wealth Management LLC grew its position in Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock valued at $45,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 price target on shares of Broadcom in a research report on Thursday, June 4th. Bank of America upped their price target on Broadcom from $450.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $525.00 price objective on shares of Broadcom in a research note on Thursday, June 4th. UBS Group set a $485.00 price objective on Broadcom and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, KeyCorp reissued an “overweight” rating and issued a $575.00 price objective (up from $500.00) on shares of Broadcom in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $490.13.

Insider Buying and Selling

In related news, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director directly owned 18,164 shares of the company’s stock, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider S. Ram Velaga sold 8,000 shares of Broadcom stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $370.52, for a total value of $2,964,160.00. Following the sale, the insider directly owned 57,932 shares of the company’s stock, valued at approximately $21,464,964.64. The trade was a 12.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 324,282 shares of company stock valued at $106,425,249. Insiders own 1.90% of the company’s stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $392.16 on Wednesday. The stock has a 50 day moving average price of $399.79 and a 200 day moving average price of $362.70. Broadcom Inc. has a 52 week low of $241.40 and a 52 week high of $495.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24. The stock has a market capitalization of $1.86 trillion, a PE ratio of 65.36, a price-to-earnings-growth ratio of 0.72 and a beta of 1.41.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. During the same period last year, the firm posted $1.58 earnings per share. The business’s revenue was up 47.9% on a year-over-year basis. Analysts predict that Broadcom Inc. will post 9.96 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 22nd. Broadcom’s dividend payout ratio (DPR) is presently 43.33%.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI franchise remains a key support for the bull case, with fresh coverage highlighting its $35 billion AI infrastructure push and the new Apollo/Blackstone-backed platform tied to Anthropic’s expansion. Reuters article
• Positive Sentiment: Analyst sentiment remains constructive, with JPMorgan reportedly raising its price target and other firms reiterating buy ratings, arguing the recent selloff may have been overdone relative to Broadcom’s earnings growth and cash flow strength. TheStreet article
• Positive Sentiment: Broadcom’s latest quarterly results and guidance were described as solid, with commentary noting strong AI-driven revenue growth and continued EPS beats, which supports the long-term investment case despite the pullback. Yahoo Finance article
• Positive Sentiment: Multiple articles argued the post-earnings drop created a buying opportunity, with bullish takes emphasizing Broadcom’s free cash flow, margin profile, and AI exposure. Seeking Alpha article
• Neutral Sentiment: Broadcom continues to attract investor attention and remains widely followed by analysts, but some coverage is largely commentary rather than a new company-specific catalyst. Zacks article
• Negative Sentiment: Investors appear concerned that Broadcom’s CEO comments and strategic pivot may be making some AI backers uneasy, adding to worries that expectations for the company’s AI growth could be too high. Yahoo Finance article
• Negative Sentiment: Broader semiconductor weakness and a rotation out of high-growth tech have also pressured AVGO, with several headlines pointing to a sector-wide correction and rising short interest in chip names. CNBC article

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.