Broadcom Inc. $AVGO Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,485,199 shares of the semiconductor manufacturer’s stock after selling 140,767 shares during the quarter. Broadcom comprises 2.7% of Handelsbanken Fonder AB’s portfolio, making the stock its 7th largest holding. Handelsbanken Fonder AB’s holdings in Broadcom were worth $938,784,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares in the last quarter. United Bank raised its stake in shares of Broadcom by 76.5% during the first quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock valued at $392,000 after purchasing an additional 1,014 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Broadcom by 10.1% during the second quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock valued at $3,499,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Capital & Planning LLC lifted its holdings in Broadcom by 10.5% in the second quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock worth $1,098,000 after purchasing an additional 378 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Down 1.3%

NASDAQ AVGO opened at $422.40 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The company’s 50 day simple moving average is $392.24 and its 200 day simple moving average is $371.22. Broadcom Inc. has a 12 month low of $281.87 and a 12 month high of $495.00. The company has a market capitalization of $2.01 trillion, a P/E ratio of 70.40, a PEG ratio of 0.82 and a beta of 1.45.

Broadcom (NASDAQ:AVGO) last released 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 business had revenue of $22.19 billion during the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.58 earnings per share. Equities research analysts expect that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, June 22nd. Broadcom’s dividend payout ratio is 43.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Broadcom in a research report on Thursday, June 4th. Erste Group Bank restated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $525.00 price target on shares of Broadcom in a research note on Thursday, June 4th. Dbs Bank upgraded shares of Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. Finally, KeyCorp reiterated an “overweight” rating and set a $575.00 price objective (up from $500.00) on shares of Broadcom in a research note on Thursday, June 4th. Twenty-eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $493.24.

Insider Buying and Selling

In related news, Director Harry L. You acquired 1,000 shares of Broadcom stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $373.57 per share, with a total value of $373,570.00. Following the purchase, the director directly owned 38,466 shares in the company, valued at $14,369,743.62. The trade was a 2.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark David Brazeal sold 25,000 shares of Broadcom stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,644 shares of company stock worth $24,016,214 over the last quarter. 1.90% of the stock is currently owned by insiders.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom ASIC positioning remains a key bullish factor. AI semiconductor revenue has more than doubled year over year, with further substantial growth expected, helping the stock outperform some large semiconductor peers. Top Semiconductor Stock Outpacing Nvidia With a 36% Gain Over 6 Months
• Positive Sentiment: Investors continue to favor Broadcom’s combination of cloud-scale demand, enterprise adoption, booked AI growth and strong cash generation. Broadcom’s Brilliant Positioning is Why I Am Loading Up Over and Over
• Positive Sentiment: Broadcom expanded security capabilities in its VMware Cloud Foundation offering, including faster vDefend deployment, on-premises malware sandboxing and API protection. The additions support its enterprise software strategy, although competition from Nutanix and IBM remains intense. Broadcom Boosts VCF Security
• Positive Sentiment: Broker coverage remains constructive: analysts maintain a consensus “Moderate Buy” rating, while Erste Group raised its fiscal 2027 EPS estimate. Broadcom Given Consensus Rating of Moderate Buy
• Neutral Sentiment: The immediate move appears largely technical, with Broadcom slipping after its extended winning streak rather than following a reported earnings or guidance disappointment. Broadcom Slips After Seven-Session Advance
• Negative Sentiment: A potential FCC ban on Chinese optical transceivers could disrupt data-center supply chains and create uncertainty for AI infrastructure suppliers. AI Cold War Catches Light

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.