Broadcom Inc. $AVGO is Heritage Investors Management Corp’s 2nd Largest Position

Heritage Investors Management Corp lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 509,263 shares of the semiconductor manufacturer’s stock after selling 1,696 shares during the period. Broadcom comprises approximately 4.8% of Heritage Investors Management Corp’s holdings, making the stock its 2nd largest holding. Heritage Investors Management Corp’s holdings in Broadcom were worth $157,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Broadcom by 0.8% in the fourth 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 position in Broadcom by 2.7% during the 4th 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 increased its position in Broadcom by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock valued at $38,396,634,000 after purchasing an additional 1,548,699 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Broadcom by 3.0% in the 4th 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 in the last quarter. Finally, Norges Bank purchased a new stake in shares of Broadcom in the 4th quarter worth about $24,252,196,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom said it expanded its partnership with Apple through 2031 to develop and supply custom chips, including custom ASIC silicon. That signals durable revenue visibility and reinforces Broadcom’s role in Apple’s AI and edge-computing roadmap. Reuters: Broadcom, Apple extend chip partnership through 2031
• Positive Sentiment: Several market reports said AVGO rose after the Apple agreement, helping boost the broader semiconductor complex and signaling that investors view the deal as a meaningful near-term catalyst. Yahoo Finance: Allegro MicroSystems and Penguin Solutions Shares Skyrocket
• Positive Sentiment: Analysts and commentary continue to frame Broadcom as a core AI infrastructure name, with some arguing its custom AI silicon and networking exposure justify a premium valuation and support higher earnings estimates. Seeking Alpha: Broadcom’s AI Infrastructure Model Justifies Its Premium Valuation
• Neutral Sentiment: Broader sector momentum is helping AVGO, as chip and memory stocks have rallied on improving sentiment across the AI trade and upbeat Wall Street notes.
• Neutral Sentiment: Some articles highlighted that Broadcom has fallen over the past month and that near-term guidance has disappointed, which may temper enthusiasm despite the Apple and AI positives. Zacks: Broadcom Drops 9% in a Month: Buy, Sell or Hold the AVGO Stock?
• Negative Sentiment: One bearish overhang is concern that Broadcom’s largest AI customer may shift business to MediaTek, raising questions about how concentrated or defensible some of AVGO’s AI custom-chip revenue could be. MSN: Broadcom’s largest AI customer is fleeing to MediaTek

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AVGO shares. Citigroup reiterated a “buy” rating on shares of Broadcom in a research report on Thursday, June 4th. DA Davidson lifted their price objective on Broadcom from $375.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Jefferies Financial Group set a $550.00 target price on Broadcom and gave the stock a “buy” rating in a report on Thursday, June 4th. Mizuho increased their target price on Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Finally, KeyCorp restated an “overweight” rating and issued a $575.00 target price (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 given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $493.24.

Insiders Place Their Bets

In related news, Director Harry L. You purchased 1,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $373.57 per share, with a total value of $373,570.00. Following the transaction, the director directly owned 38,466 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 4,825 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $394.91, for a total transaction of $1,905,440.75. Following the completion of the transaction, the insider owned 269,989 shares in the company, valued at approximately $106,621,355.99. The trade was a 1.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 60,987 shares of company stock valued at $21,899,980. Company insiders own 1.90% of the company’s stock.

Broadcom Price Performance

Shares of AVGO opened at $373.90 on Tuesday. The stock has a market cap of $1.78 trillion, a PE ratio of 62.32, a price-to-earnings-growth ratio of 0.63 and a beta of 1.45. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24. Broadcom Inc. has a fifty-two week low of $269.58 and a fifty-two week high of $495.00. The firm’s 50-day simple moving average is $407.92 and its two-hundred day simple moving average is $362.49.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $22.19 billion during the quarter, compared to analyst estimates of $22.13 billion. During the same period last year, the business earned $1.58 earnings per share. The business’s revenue was up 47.9% on a year-over-year basis. Analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

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.