Secured Retirement Advisors LLC Has $2.15 Million Holdings in Broadcom Inc. $AVGO

Secured Retirement Advisors LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 18.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,955 shares of the semiconductor manufacturer’s stock after selling 1,607 shares during the quarter. Broadcom makes up approximately 1.2% of Secured Retirement Advisors LLC’s holdings, making the stock its 22nd biggest holding. Secured Retirement Advisors LLC’s holdings in Broadcom were worth $2,153,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vertrix Wealth Management LLC bought a new stake in shares of Broadcom during the first quarter worth approximately $5,436,000. Essex LLC boosted its stake in Broadcom by 9.2% in the first quarter. Essex LLC now owns 3,629 shares of the semiconductor manufacturer’s stock valued at $1,123,000 after acquiring an additional 305 shares during the last quarter. Lederer & Associates Investment Counsel CA boosted its stake in Broadcom by 0.4% in the first quarter. Lederer & Associates Investment Counsel CA now owns 11,547 shares of the semiconductor manufacturer’s stock valued at $3,574,000 after acquiring an additional 47 shares during the last quarter. USS Investment Management Ltd grew its holdings in Broadcom by 3.1% during the 1st quarter. USS Investment Management Ltd now owns 765,851 shares of the semiconductor manufacturer’s stock worth $236,970,000 after acquiring an additional 23,379 shares during the period. Finally, Tcfg Wealth Management LLC grew its holdings in Broadcom by 4.1% during the 1st quarter. Tcfg Wealth Management LLC now owns 6,341 shares of the semiconductor manufacturer’s stock worth $1,963,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: JPMorgan, UBS, Jefferies and other analysts remain constructive on Broadcom’s AI-driven growth, with price targets well above current levels and continued optimism around custom AI silicon demand, including exposure to customers such as OpenAI and Anthropic. UBS Reaffirms Buy Rating on Broadcom (AVGO) Amid AI ASIC Demand and OpenAI, Anthropic Growth
• Positive Sentiment: Articles highlighting Broadcom’s partnership with OpenAI on the “Jalapeño” AI accelerator reinforce the market’s bullish view that AI infrastructure can keep driving revenue growth. What Broadcom (AVGO)’s Jalapeño AI Accelerator Partnership With OpenAI Means For Shareholders
• Neutral Sentiment: Several recent write-ups argue Broadcom may be attractive after its pullback, but they mostly restate the same long-term thesis rather than pointing to a new catalyst. Why Broadcom Stock Slumped Today
• Neutral Sentiment: Investors continue to search for clues on whether Broadcom can rebound from its post-earnings decline, with coverage focusing on earnings estimates and fair-value changes. Broadcom (AVGO) Stock Gets Fair Value Boost As Analysts Split On AI Outlook
• Negative Sentiment: Director Justine Page sold 1,602 shares of Broadcom stock, extending insider-selling headlines that can weigh on sentiment even if the sale is relatively small versus the company’s size. SEC Form 4 filing for Justine Page sale
• Negative Sentiment: Broadcom remains about 14% below its last earnings report level, and recent commentary suggests investors are still uneasy about whether the company’s strong results were enough to justify its premium valuation. Broadcom Inc. (AVGO) Down 14% Since Last Earnings Report: Can It Rebound?

Broadcom Price Performance

Shares of AVGO stock opened at $360.45 on Friday. Broadcom Inc. has a 12-month low of $269.58 and a 12-month high of $495.00. The firm has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 60.08, a price-to-earnings-growth ratio of 0.63 and a beta of 1.45. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average of $407.92 and a 200-day moving average of $362.33.

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

Broadcom Announces Dividend

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

Insider Activity at Broadcom

In related news, insider S. Ram Velaga sold 8,000 shares of the business’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 completion of the transaction, the insider directly owned 57,932 shares in the company, valued at approximately $21,464,964.64. The trade was a 12.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 1,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 32,352 shares of the company’s stock, valued at approximately $11,592,045.12. The trade was a 3.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,987 shares of company stock valued at $21,899,980 over the last 90 days. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore reissued an “outperform” rating and issued a $582.00 price target on shares of Broadcom in a research note on Tuesday, May 19th. Seaport Research Partners reaffirmed a “neutral” rating on shares of Broadcom in a research note on Wednesday, April 8th. TD Cowen reiterated a “buy” rating and issued a $500.00 price objective on shares of Broadcom in a report on Thursday, June 4th. Truist Financial increased their target price on Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings cut Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $493.24.

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.