Prevail Innovative Wealth Advisors LLC Has $701,000 Position in Broadcom Inc. $AVGO

Prevail Innovative Wealth Advisors LLC lessened its position in Broadcom Inc. (NASDAQ:AVGO) by 92.6% in the second quarter, HoldingsChannel.com reports. The fund owned 1,857 shares of the semiconductor manufacturer’s stock after selling 23,240 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Broadcom were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Fortem Financial Group LLC raised its holdings in shares of Broadcom by 3.7% in the 2nd quarter. Fortem Financial Group LLC now owns 32,683 shares of the semiconductor manufacturer’s stock valued at $12,346,000 after purchasing an additional 1,155 shares during the period. Blackhawk Capital Partners LLC grew its holdings in Broadcom by 17.8% during the second quarter. Blackhawk Capital Partners LLC now owns 13,430 shares of the semiconductor manufacturer’s stock worth $5,073,000 after purchasing an additional 2,026 shares during the period. Independent Wealth Network Inc. grew its holdings in Broadcom by 18.3% during the second quarter. Independent Wealth Network Inc. now owns 3,054 shares of the semiconductor manufacturer’s stock worth $1,154,000 after purchasing an additional 473 shares during the period. Walled Lake Planning & Wealth Management LLC increased its position in Broadcom by 0.7% during the second quarter. Walled Lake Planning & Wealth Management LLC now owns 4,337 shares of the semiconductor manufacturer’s stock worth $1,638,000 after buying an additional 32 shares during the last quarter. Finally, Myriad Asset Management Advisors LLC increased its position in Broadcom by 21.8% during the second quarter. Myriad Asset Management Advisors LLC now owns 21,593 shares of the semiconductor manufacturer’s stock worth $8,157,000 after buying an additional 3,872 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI growth remains the primary bullish catalyst. Broadcom’s AI semiconductor revenue increased 143% year over year to $10.8 billion in fiscal second quarter, and CEO Hock Tan reaffirmed his forecast for fiscal 2027 AI semiconductor revenue to exceed $100 billion. Hock Tan Reaffirmed Broadcom’s $100 Billion AI Forecast
• Positive Sentiment: Investors continue to view Broadcom as a diversified AI infrastructure play because its custom accelerators and networking products can benefit across competing AI architectures, rather than depending on a single chip design. Broadcom Wins If AI Wins So I Keep Buying
• Positive Sentiment: AMD’s planned Helios rack-scale AI systems could create additional demand for Broadcom components and networking technology, potentially expanding its ecosystem opportunity beyond direct customer programs. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Positive Sentiment: Broadcom’s software division joining the Open Secure AI Alliance adds a longer-term cybersecurity and software angle to the company’s AI strategy. Is Broadcom’s Next Big Bet Hidden in Plain Sight?
• Neutral Sentiment: Analysts and investors are comparing Broadcom’s custom-chip and networking model with NVIDIA’s more vertically integrated approach. The comparison supports Broadcom’s differentiation but highlights intense competition for AI infrastructure spending. This Is Where Nvidia Beats Broadcom
• Negative Sentiment: Valuation is the main restraint on the stock. Broadcom trades at a substantial premium to historical earnings levels, with reports citing roughly 71 times trailing earnings and 27 times projected earnings. Continued appreciation therefore depends on rapid AI earnings growth catching up with the share price. Broadcom Trades at 71 Times Earnings
• Negative Sentiment: Crake Asset Management reportedly reduced its Broadcom position by 330,000 shares, providing a modest signal of profit-taking or caution among some institutional investors. Crake Asset Management Trims Broadcom Stake

Wall Street Analyst Weigh In

AVGO has been the subject of several research analyst reports. Morgan Stanley set a $502.00 target price on Broadcom and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $545.00 price objective (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. The Goldman Sachs Group reissued a “buy” rating on shares of Broadcom in a research report on Monday, August 3rd. Truist Financial raised their target price on shares of Broadcom from $545.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, Evercore reiterated an “outperform” rating and issued a $582.00 price target on shares of Broadcom in a research note on Tuesday, May 19th. Twenty-eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $493.24.

Broadcom Stock Down 0.0%

AVGO stock opened at $416.05 on Thursday. 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 stock has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 69.34, a PEG ratio of 0.79 and a beta of 1.45. The business’s fifty day moving average price is $389.67 and its two-hundred day moving average price is $372.47. Broadcom Inc. has a fifty-two week low of $281.87 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. During the same quarter in the previous year, the business posted $1.58 earnings per share. Broadcom’s quarterly revenue was up 47.9% on a year-over-year basis. On average, equities analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director owned 31,326 shares in the company, valued at $12,072,413.88. This represents a 5.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harry L. You bought 1,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the acquisition, the director directly owned 38,466 shares of the company’s stock, valued at approximately $14,369,743.62. This trade represents a 2.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is currently owned by company insiders.

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.