71 West Capital Partners Makes New Investment in Broadcom Inc. $AVGO

71 West Capital Partners bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 23,059 shares of the semiconductor manufacturer’s stock, valued at approximately $7,981,000.

Several other institutional investors also recently made changes to their positions in AVGO. Brighton Jones LLC boosted its position in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after buying an additional 756 shares during the last quarter. United Bank raised its stake in shares of Broadcom by 76.5% during the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after buying an additional 1,014 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Broadcom by 10.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock worth $3,499,000 after buying an additional 1,160 shares during the last quarter. Finally, Capital & Planning LLC raised its stake in shares of Broadcom by 10.5% during the 2nd quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock worth $1,098,000 after buying an additional 378 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Trading Down 4.4%

NASDAQ AVGO opened at $376.71 on Wednesday. Broadcom Inc. has a 12 month low of $244.17 and a 12 month high of $495.00. The company has a 50-day moving average of $407.09 and a 200-day moving average of $363.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The company has a market cap of $1.79 trillion, a P/E ratio of 62.79, a P/E/G ratio of 0.69 and a beta of 1.41.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The company’s quarterly revenue was up 47.9% compared to the same quarter last year. As a group, equities analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Announces Dividend

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

Insider Activity at Broadcom

In other news, Director Harry L. You bought 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the acquisition, the director owned 38,466 shares of the company’s stock, valued at $14,369,743.62. This trade represents a 2.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider S. Ram Velaga sold 17,260 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $352.12, for a total value of $6,077,591.20. Following the sale, the insider owned 65,932 shares of the company’s stock, valued at $23,215,975.84. The trade was a 20.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 51,233 shares of company stock worth $18,125,134. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AVGO shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $500.00 price target on shares of Broadcom in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $515.00 price target (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. Zacks Research downgraded Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Benchmark lifted their price target on Broadcom from $485.00 to $545.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $575.00 price target (up from $500.00) on shares of Broadcom in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $490.13.

Key Broadcom News

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

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.