Broadcom Inc. $AVGO Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,394 shares of the semiconductor manufacturer’s stock after purchasing an additional 19,465 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Broadcom were worth $85,882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Norges Bank purchased a new position in shares of Broadcom in the 4th quarter valued at approximately $24,252,196,000. Legal & General Group Plc purchased a new stake in Broadcom in the second quarter valued at $11,998,148,000. Bank of New York Mellon Corp acquired a new stake in Broadcom during the second quarter worth about $10,528,191,000. Jupiter Topco LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $7,396,271,000. Finally, State Street Corp lifted its stake in shares of Broadcom by 8.7% in the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock valued at $75,367,711,000 after purchasing an additional 16,651,378 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares in the company, valued at $78,254,935.37. The trade was a 11.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the director directly owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. This trade represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 53,492 shares of company stock valued at $20,840,292. 1.90% of the stock is owned by company insiders.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-AI-chip and networking businesses continue to attract bullish attention. Coverage highlights management’s projections for approximately $115 billion in AI semiconductor revenue in fiscal 2027 and $230 billion in fiscal 2028, with inference demand and hyperscaler-designed chips providing potential growth beyond Nvidia’s training-chip market. Elon Musk Is Going All In on Nvidia, but Are These Two Chip Stocks Better Buys?
• Positive Sentiment: Several analysts and investor-focused articles continue to view AVGO favorably, citing its strong AI exposure, major customers, dividend growth and recent earnings momentum. Broadcom’s latest quarterly results exceeded consensus estimates for both earnings and revenue, while revenue increased sharply year over year. A top chip stock analyst sees big things for Nvidia, Broadcom
• Neutral Sentiment: Broadcom’s chief executive continues to defend the company’s approximately $350 billion AI-chip outlook, arguing that customer relationships focused on inference support continued spending even if some AI companies call for slower frontier-model development. Delivering that forecast remains the key test for the investment case. Broadcom CEO Holds $350B Outlook Strong
• Negative Sentiment: China is reportedly reviewing Broadcom networking switches used in state-backed data centers as Beijing seeks to promote domestic semiconductor suppliers and reduce reliance on foreign AI infrastructure. The review raises potential regulatory, market-access and customer-concentration concerns. China surveys Broadcom switch use in state data centers
• Negative Sentiment: The broader market also pressured semiconductor shares as rising oil prices and Treasury yields ended a four-session equity rally. With AVGO trading below its 50-day and 200-day moving averages and at an elevated earnings multiple, investors may be taking profits or demanding clearer evidence that aggressive AI forecasts can be achieved. Why are Intel, AMD, Broadcom stocks down on Wednesday?

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AVGO shares. DA Davidson set a $350.00 price target on shares of Broadcom and gave the stock a “neutral” rating in a report on Friday, September 4th. Morgan Stanley restated an “overweight” rating and issued a $505.00 price target (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. Erste Group Bank restated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $515.00 price target (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. Finally, Benchmark boosted their target price on shares of Broadcom from $485.00 to $545.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $509.04.

Broadcom Price Performance

Shares of NASDAQ AVGO traded down $9.55 during mid-day trading on Wednesday, reaching $354.99. The company’s stock had a trading volume of 22,932,577 shares, compared to its average volume of 25,303,502. The stock has a market capitalization of $1.69 trillion, a P/E ratio of 45.34 and a beta of 1.44. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The stock has a 50-day moving average of $377.99 and a two-hundred day moving average of $380.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom’s quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.69 EPS. On average, equities research analysts anticipate that Broadcom Inc. will post 10.36 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom’s payout ratio is currently 33.21%.

Broadcom Profile

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.