Plimoth Trust Co. LLC Purchases 1,945 Shares of Broadcom Inc. $AVGO

Plimoth Trust Co. LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,142 shares of the semiconductor manufacturer’s stock after buying an additional 1,945 shares during the period. Broadcom accounts for approximately 1.4% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 16th biggest position. Plimoth Trust Co. LLC’s holdings in Broadcom were worth $6,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Broadcom by 1.4% in the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,345 shares of the semiconductor manufacturer’s stock valued at $1,654,000 after acquiring an additional 75 shares during the last quarter. Sierra Ocean LLC increased its stake in shares of Broadcom by 3.7% during the 1st quarter. Sierra Ocean LLC now owns 2,102 shares of the semiconductor manufacturer’s stock worth $651,000 after purchasing an additional 75 shares during the last quarter. IRON Financial LLC increased its stake in shares of Broadcom by 106.0% during the 1st quarter. IRON Financial LLC now owns 1,275 shares of the semiconductor manufacturer’s stock worth $395,000 after purchasing an additional 656 shares during the last quarter. Osborne Partners Capital Management LLC raised its holdings in shares of Broadcom by 8.7% in the 1st quarter. Osborne Partners Capital Management LLC now owns 6,122 shares of the semiconductor manufacturer’s stock valued at $1,895,000 after purchasing an additional 491 shares during the period. Finally, Leelyn Smith LLC raised its holdings in shares of Broadcom by 8.2% in the 1st quarter. Leelyn Smith LLC now owns 14,726 shares of the semiconductor manufacturer’s stock valued at $4,558,000 after purchasing an additional 1,116 shares during the period. 76.43% of the stock is owned by institutional investors.

Insider Transactions at Broadcom

In other Broadcom news, Director Harry L. You bought 1,000 shares of Broadcom stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $373.57 per share, with a total value of $373,570.00. Following the completion of the transaction, the director owned 38,466 shares in the company, valued at $14,369,743.62. The trade was a 2.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 1,000 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $358.31, for a total transaction of $358,310.00. Following the completion of the transaction, the director owned 32,352 shares in the company, valued at $11,592,045.12. This trade represents a 3.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 36,014 shares of company stock worth $13,174,907. 1.90% of the stock is currently owned by company insiders.

Broadcom News Summary

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

Analysts Set New Price Targets

AVGO has been the subject of a number of research analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Erste Group Bank reaffirmed a “hold” rating on shares of Broadcom in a research report on Tuesday. Dbs Bank upgraded Broadcom to a “moderate buy” rating in a research note on Thursday, June 18th. KeyCorp reissued an “overweight” rating and set a $575.00 target price (up from $500.00) on shares of Broadcom in a report on Thursday, June 4th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $525.00 price target on shares of Broadcom in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $493.24.

Broadcom Trading Down 0.8%

Shares of AVGO stock opened at $370.78 on Wednesday. Broadcom Inc. has a 12-month low of $269.58 and a 12-month high of $495.00. The company has a market capitalization of $1.76 trillion, a PE ratio of 61.80, a price-to-earnings-growth ratio of 0.66 and a beta of 1.45. The firm has a 50 day moving average price of $405.96 and a two-hundred day moving average price of $363.03. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.40 by $0.04. The company 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 for the quarter was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. As a group, analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is currently 43.33%.

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.