Opal Capital LLC Buys New Position in Broadcom Inc. $AVGO

Opal Capital LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,405 shares of the semiconductor manufacturer’s stock, valued at approximately $2,548,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Broadcom by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock valued at $167,064,997,000 after acquiring an additional 3,919,715 shares during the last quarter. State Street Corp boosted its holdings in 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 acquiring an additional 5,040,801 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Broadcom by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock worth $38,396,634,000 after buying an additional 1,548,699 shares in the last quarter. Norges Bank bought a new position in shares of Broadcom during the 4th quarter worth approximately $24,252,196,000. Finally, Invesco Ltd. boosted its holdings in shares of Broadcom by 1.8% during the 3rd quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer’s stock worth $12,915,861,000 after buying an additional 700,021 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $500.00 price target on shares of Broadcom in a report on Thursday, June 4th. Susquehanna restated a “positive” rating and set a $490.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Evercore restated an “outperform” rating and set a $582.00 price target on shares of Broadcom in a report on Tuesday, May 19th. UBS Group set a $485.00 price target on Broadcom and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $525.00 price target on shares of Broadcom in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom has an average rating of “Moderate Buy” and a consensus price target of $490.13.

Broadcom Trading Down 4.4%

NASDAQ AVGO opened at $376.71 on Wednesday. The firm has a market capitalization of $1.79 trillion, a P/E ratio of 62.79, a PEG ratio of 0.69 and a beta of 1.41. The business has a fifty day simple moving average of $407.09 and a 200 day simple moving average of $363.14. Broadcom Inc. has a 12 month low of $244.17 and a 12 month high of $495.00. 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 (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The business had revenue of $22.19 billion during the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.Broadcom’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 EPS. On average, analysts predict that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 0.7%. The ex-dividend date of this dividend is Monday, June 22nd. Broadcom’s dividend payout ratio is presently 43.33%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Director Harry L. You bought 1,000 Broadcom shares in a disclosed SEC filing, a sign of confidence that can reassure investors after the recent selloff. SEC Form 4 filing
• Positive Sentiment: Broadcom continues to be viewed as a major AI infrastructure beneficiary, with recent articles highlighting its semiconductor, networking, and custom compute exposure as AI spending remains strong. Investopedia article
• Positive Sentiment: Wall Street Zen reportedly upgraded Broadcom to Strong-Buy, adding to bullish analyst sentiment around the stock. American Banking News article
• Positive Sentiment: Broadcom’s spring and Java security initiative, along with new AI-enabled vulnerability detection tools, may support its infrastructure software franchise and deepen enterprise relationships. Yahoo Finance article
• Neutral Sentiment: Some analysts say competitors like Credo and Lumentum may have stronger near-term upside in data-center connectivity, which doesn’t weaken Broadcom’s thesis but could limit relative enthusiasm. Zacks article
• Negative Sentiment: Market commentary says Broadcom’s post-earnings decline was driven by cautious AI guidance and valuation concerns, suggesting investors are reassessing how much upside is already priced in. Yahoo Finance article

Insiders Place Their Bets

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the transaction, the director owned 32,352 shares in the company, valued at $11,592,045.12. This represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Justine Page sold 2,018 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total value of $712,354.00. Following the completion of the transaction, the director owned 18,164 shares of the company’s stock, valued at $6,411,892. This trade represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 51,233 shares of company stock worth $18,125,134 in the last three months. 1.90% of the stock is owned by corporate 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.