2,403 Broadcom Inc. $AVGO Shares Bought by Cooper Financial Group

Posted by Brian Himes on Oct 7th, 2026

Cooper Financial Group lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,368 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,403 shares during the quarter. Broadcom comprises 1.9% of Cooper Financial Group’s portfolio, making the stock its 12th largest position. Cooper Financial Group’s holdings in Broadcom were worth $23,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AVGO. Canandaigua National Trust Co of Florida bought a new stake in shares of Broadcom during the third quarter valued at approximately $542,000. Family Legacy Financial Solutions LLC bought a new position in Broadcom in the 3rd quarter worth approximately $2,693,000. Persium Advisors LLC increased its position in Broadcom by 6.6% in the 3rd quarter. Persium Advisors LLC now owns 2,914 shares of the semiconductor manufacturer’s stock valued at $1,023,000 after acquiring an additional 181 shares during the period. Baring Financial LLC increased its position in Broadcom by 3.5% in the 3rd quarter. Baring Financial LLC now owns 1,504 shares of the semiconductor manufacturer’s stock valued at $528,000 after acquiring an additional 51 shares during the period. Finally, Bath Savings Trust Co raised its stake in Broadcom by 3.5% during the 3rd quarter. Bath Savings Trust Co now owns 1,636 shares of the semiconductor manufacturer’s stock valued at $575,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom’s AI growth narrative remains the primary catalyst. Reports highlighted projected AI semiconductor revenue of approximately $58 billion in 2026, $115 billion in 2027, and $230 billion in 2028, supported by custom accelerators and networking demand from major cloud customers. Broadcom AI financing plan article
Positive Sentiment: The company’s reported financing plans for Anthropic—including potentially tens of billions of dollars in loans and chip-leasing arrangements—could help customers fund large AI deployments and expand Broadcom’s future chip sales. Separate reporting that Oracle, Broadcom, and SpaceX are seeking multibillion-dollar debt deals underscores the scale of AI infrastructure demand. AI chip debt financing article
Positive Sentiment: CEO Hock Tan defended Broadcom’s roughly $350 billion AI opportunity, arguing that inference-focused customer relationships support continued demand even as some industry participants call for slower frontier-AI development. Analysts and bullish investors also point to potential earnings growth of 71% in fiscal 2026 and 66% in fiscal 2027. Broadcom CEO AI outlook article
Positive Sentiment: Unusually heavy call-option activity and Cathie Wood’s reported $13 million purchase provided additional bullish sentiment. Marvell Technology’s aggressive custom-chip outlook also reinforces the broader market case for custom AI silicon, an area where Broadcom is a leading supplier. Cathie Wood Broadcom purchase article
Neutral Sentiment: Technical analysts describe a bullish reversal with a possible path toward the prior $495 high, but this is market commentary rather than a fundamental change in Broadcom’s business. Broadcom price forecast article
Negative Sentiment: Investors remain concerned that Broadcom’s AI financing arrangements could create “circular financing” or credit exposure if customers rely on debt and leasing to purchase its chips. The stock’s elevated valuation also leaves limited room for weaker AI spending or execution.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. Evercore set a $578.00 price objective on shares of Broadcom and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Dbs Bank raised shares of Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. Citigroup reiterated a “buy” rating and issued a $515.00 target price (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. Finally, Bank of America lowered their target price on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $527.20.

Check Out Our Latest Stock Analysis on AVGO

Insider Activity

In other news, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction that occurred on 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 owned 194,989 shares of the company’s stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.

Broadcom Price Performance

Shares of AVGO stock traded up $0.70 during mid-day trading on Wednesday, hitting $376.51. 17,978,078 shares of the stock traded hands, compared to its average volume of 25,119,090. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The company’s 50-day simple moving average is $372.35 and its 200-day simple moving average is $382.17. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 48.09 and a beta of 1.46.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company’s quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter last year, the business posted $1.69 earnings per share. As a group, equities research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 33.21%.

About Broadcom

(Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company’s semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.