Broadcom Inc. $AVGO Shares Sold by SCS Capital Management LLC

SCS Capital Management LLC trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,986 shares of the semiconductor manufacturer’s stock after selling 18,610 shares during the quarter. SCS Capital Management LLC’s holdings in Broadcom were worth $35,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resolute Capital LLC acquired a new stake in shares of Broadcom in the fourth quarter valued at approximately $406,000. Main Management ETF Advisors LLC boosted its holdings in shares of Broadcom by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 12,528 shares of the semiconductor manufacturer’s stock valued at $4,336,000 after acquiring an additional 128 shares during the period. Florida Financial Advisors LLC boosted its holdings in shares of Broadcom by 1.1% in the fourth quarter. Florida Financial Advisors LLC now owns 22,800 shares of the semiconductor manufacturer’s stock valued at $7,875,000 after acquiring an additional 254 shares during the period. Frederick Financial Consultants LLC boosted its holdings in shares of Broadcom by 77.3% in the fourth quarter. Frederick Financial Consultants LLC now owns 2,557 shares of the semiconductor manufacturer’s stock valued at $885,000 after acquiring an additional 1,115 shares during the period. Finally, Redwood Financial Network Corp boosted its holdings in shares of Broadcom by 2.5% in the fourth quarter. Redwood Financial Network Corp now owns 1,989 shares of the semiconductor manufacturer’s stock valued at $688,000 after acquiring an additional 48 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom still delivered record second-quarter revenue of $22.19 billion, topped EPS estimates, and generated strong free cash flow, showing underlying business strength. Broadcom Inc. Announces Second Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend
• Positive Sentiment: AI semiconductor revenue surged 143% year over year to $10.8 billion, and management signaled continued demand from hyperscale customers. Broadcom’s sales and AI chip forecast comes in below expectations, shares tumble
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, Bank of America, Mizuho, and Benchmark, indicating Street optimism remains intact despite the selloff. Benzinga analyst target updates
• Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, reinforcing its shareholder-return profile but not enough to offset the earnings-driven volatility.
• Negative Sentiment: The stock sold off because third-quarter AI revenue guidance came in below elevated expectations, raising concerns that AI growth may be normalizing faster than investors hoped. Broadcom: AI guidance gap reveals the cost of sky-high expectations
• Negative Sentiment: Broadcom’s disappointment sparked a broader semiconductor retreat, pressuring chip stocks and contributing to weakness in the Nasdaq. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses

Analyst Upgrades and Downgrades

AVGO has been the subject of several research analyst reports. TD Cowen reissued a “buy” rating and issued a $500.00 price objective on shares of Broadcom in a report on Thursday. Bank of America increased their price objective on Broadcom from $450.00 to $530.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group reissued a “buy” rating and issued a $525.00 price objective on shares of Broadcom in a report on Thursday. Evercore reissued an “outperform” rating and issued a $582.00 price objective on shares of Broadcom in a report on Tuesday, May 19th. Finally, UBS Group set a $485.00 price objective on Broadcom and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Broadcom has an average rating of “Moderate Buy” and an average target price of $490.13.

Broadcom Price Performance

Broadcom stock opened at $418.91 on Friday. Broadcom Inc. has a 12 month low of $241.11 and a 12 month high of $495.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The business has a 50 day simple moving average of $394.88 and a 200-day simple moving average of $361.73. The stock has a market capitalization of $1.98 trillion, a PE ratio of 69.82, a price-to-earnings-growth ratio of 0.99 and a beta of 1.41.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 42.88% and a net margin of 38.85%.The business had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. The company’s quarterly revenue was up 47.9% compared to the same quarter last year. Equities analysts predict that Broadcom Inc. will post 9.89 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared 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. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 22nd. Broadcom’s dividend payout ratio is 50.78%.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 50,488 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the sale, the insider owned 278,141 shares in the company, valued at $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider S. Ram Velaga sold 8,000 shares of the company’s 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 owned 57,932 shares of the company’s stock, valued at $21,464,964.64. This trade represents a 12.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 324,282 shares of company stock valued at $106,425,249. Corporate insiders own 1.90% of the company’s stock.

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.