Baer Investment Advisory LLC Acquires Shares of 17,129 Broadcom Inc. $AVGO

Baer Investment Advisory LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) during the first quarter, Holdings Channel.com reports. The fund acquired 17,129 shares of the semiconductor manufacturer’s stock, valued at approximately $5,302,000. Broadcom accounts for 0.7% of Baer Investment Advisory LLC’s holdings, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Lodestar Private Asset Management LLC increased its stake in Broadcom by 4.4% during the 1st quarter. Lodestar Private Asset Management LLC now owns 1,559 shares of the semiconductor manufacturer’s stock worth $483,000 after buying an additional 65 shares during the period. PAX Financial Group LLC grew its stake in shares of Broadcom by 10.4% during the first quarter. PAX Financial Group LLC now owns 4,375 shares of the semiconductor manufacturer’s stock valued at $1,354,000 after acquiring an additional 412 shares in the last quarter. First Dallas Securities Inc. increased its position in shares of Broadcom by 245.6% during the first quarter. First Dallas Securities Inc. now owns 4,735 shares of the semiconductor manufacturer’s stock worth $1,466,000 after acquiring an additional 3,365 shares during the last quarter. 4WEALTH Advisors Inc. increased its position in shares of Broadcom by 9.1% during the first quarter. 4WEALTH Advisors Inc. now owns 2,223 shares of the semiconductor manufacturer’s stock worth $652,000 after acquiring an additional 185 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC lifted its stake in shares of Broadcom by 8.8% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 65,692 shares of the semiconductor manufacturer’s stock worth $20,332,000 after acquiring an additional 5,289 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AVGO. Mizuho increased their price target on Broadcom from $480.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Cantor Fitzgerald restated an “overweight” rating and set a $525.00 price objective on shares of Broadcom in a report on Thursday, June 4th. Benchmark upped their target price on Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $515.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Broadcom in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $493.24.

Insiders Place Their Bets

In other news, insider S. Ram Velaga sold 17,260 shares of Broadcom stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $352.12, for a total value of $6,077,591.20. Following the completion of the transaction, the insider directly owned 65,932 shares of the company’s stock, valued at approximately $23,215,975.84. The trade was a 20.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Justine Page sold 1,602 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 36,014 shares of company stock worth $13,174,907. Corporate insiders own 1.90% of the company’s stock.

Broadcom Price Performance

Shares of AVGO opened at $370.78 on Wednesday. Broadcom Inc. has a 52 week low of $269.58 and a 52 week 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. The firm has a market cap of $1.76 trillion, a price-to-earnings ratio of 61.80, a PEG ratio of 0.66 and a beta of 1.45. The stock has a 50 day moving average of $405.96 and a 200-day moving average of $363.03.

Broadcom (NASDAQ:AVGO) last posted its quarterly 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 return on equity of 41.61% and a net margin of 38.85%.The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. During the same period in the prior year, the company posted $1.58 EPS. The business’s revenue was up 47.9% compared to the same quarter last year. As a group, analysts forecast that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were 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 was Monday, June 22nd. Broadcom’s dividend payout ratio (DPR) is presently 43.33%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom extended its chip and wireless component partnership with Apple through 2031, including custom ASIC silicon for Apple’s AI server chips. Investors view the deal as a major win because it locks in a durable revenue stream and improves visibility into Broadcom’s future cash flow. Apple and Broadcom Forge a Decade-Long Silicon Fortress
• Positive Sentiment: Several analysts and commentators reiterated a bullish view on Broadcom, arguing the Apple extension strengthens its “AI infrastructure” story and makes the stock look more attractive after the recent pullback. Bull v. Bear: AVGO New Value as Sell-Off Steepens
• Neutral Sentiment: Broadcom also benefited from a broader rebound in chip names, with investors reacting to renewed enthusiasm for AI and semiconductor spending, even as some of that move looked tied to sector rotation rather than company-specific news. Allegro MicroSystems and Penguin Solutions Shares Skyrocket, What You Need To Know
• Neutral Sentiment: A recent hold rating reaffirmation from Erste Group Bank did not materially change the story, but it may temper near-term upside if investors were expecting a fresh bullish catalyst. Benzinga report on Erste Group Bank reaffirmation
• Negative Sentiment: Broader semiconductor weakness and a global tech sell-off, tied in part to a margin/liquidity shock in Asia, have weighed on AVGO and other chip stocks despite no clear deterioration in fundamentals. The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
• Negative Sentiment: AVGO remains well below its recent highs and is being described as in a bear market, reflecting ongoing valuation pressure and investor caution after the sector pullback. Bull v. Bear: AVGO New Value as Sell-Off Steepens

About Broadcom

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.