Tectonic Advisors LLC Grows Position in Broadcom Inc. (NASDAQ:AVGO)

15 Jul 2025, 15:26 by Renee Jackson · The Cerbat Gem

Tectonic Advisors LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 3.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 53,654 shares of the semiconductor manufacturer’s stock after buying an additional 1,562 shares during the period. Tectonic Advisors LLC’s holdings in Broadcom were worth $8,983,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AVGO. Brighton Jones LLC raised its holdings 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 buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after buying an additional 756 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Broadcom by 16.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer’s stock worth $51,283,000 after buying an additional 31,225 shares during the last quarter. Highview Capital Management LLC DE raised its holdings in shares of Broadcom by 1.3% in the fourth quarter. Highview Capital Management LLC DE now owns 25,522 shares of the semiconductor manufacturer’s stock worth $5,917,000 after buying an additional 322 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of Broadcom by 46.2% in the fourth quarter. Proficio Capital Partners LLC now owns 19,529 shares of the semiconductor manufacturer’s stock worth $4,528,000 after buying an additional 6,168 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Broadcom

In other news, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the transaction, the director directly owned 33,352 shares in the company, valued at $8,842,615.76. This represents a 8.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark David Brazeal sold 50,000 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the transaction, the insider owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 828,916 shares of company stock worth $216,785,761 over the last three months. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Up 0.4%

Shares of Broadcom stock opened at $275.60 on Tuesday. The company has a market cap of $1.30 trillion, a P/E ratio of 103.22, a PEG ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. Broadcom Inc. has a one year low of $128.50 and a one year high of $281.18. The firm has a fifty day moving average of $248.20 and a two-hundred day moving average of $218.77.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The firm had revenue of $15 billion for the quarter, compared to analysts’ expectations of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the company earned $10.96 EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom announced that its Board of Directors has initiated a stock buyback plan on Monday, April 7th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a dividend yield of 0.86%. Broadcom’s dividend payout ratio is currently 88.39%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AVGO. Seaport Res Ptn upgraded shares of Broadcom to a “strong-buy” rating in a research note on Wednesday, April 30th. HSBC upgraded shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Tuesday, June 24th. Benchmark increased their price objective on shares of Broadcom from $255.00 to $315.00 and gave the company a “buy” rating in a report on Friday, June 6th. Mizuho increased their price objective on shares of Broadcom from $310.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Broadcom from $250.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, June 6th. One investment analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $290.21.

Check Out Our Latest Analysis on Broadcom

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