Apeiron RIA LLC raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 151.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,575 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,756 shares during the quarter. Apeiron RIA LLC’s holdings in Broadcom were worth $1,572,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Advisors LLC bought a new stake in shares of Broadcom during the 2nd quarter worth about $92,522,000. Bank of America Corp DE raised its stake in shares of Broadcom by 1.5% in the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after acquiring an additional 894,564 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new stake in Broadcom in the 2nd quarter worth approximately $3,302,000. Bartlett & CO. Wealth Management LLC lifted its holdings in Broadcom by 129.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock worth $34,061,000 after purchasing an additional 62,050 shares during the last quarter. Finally, Violich Capital Management Inc. boosted its position in Broadcom by 26.1% during the third quarter. Violich Capital Management Inc. now owns 21,791 shares of the semiconductor manufacturer’s stock worth $7,653,000 after purchasing an additional 4,511 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.
Broadcom Stock Performance
Shares of NASDAQ AVGO traded down $12.35 during mid-day trading on Thursday, hitting $364.16. The company had a trading volume of 9,324,653 shares, compared to its average volume of 25,031,582. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The firm has a market cap of $1.74 trillion, a P/E ratio of 46.52 and a beta of 1.46. The business’s 50-day simple moving average is $372.35 and its 200-day simple moving average is $382.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29.
Broadcom Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is presently 33.21%.
Key Stories Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom is reportedly seeking more than $50 billion from lenders including Apollo Global Management and Blackstone to finance custom AI chips being developed with OpenAI. The effort signals potentially enormous demand for Broadcom’s custom accelerators and could support long-term AI revenue growth. Discussions remain preliminary, however, and the final financing amount may change. Broadcom seeks more than $50 billion to finance OpenAI AI chips
- Positive Sentiment: Investors continue to highlight Broadcom’s rapid custom-chip and networking opportunity as hyperscalers expand AI infrastructure. Analysts cited in recent coverage expect substantial earnings growth, while elevated call-option activity indicates strong speculative interest in the shares. Broadcom AI revenue growth and custom chips
- Neutral Sentiment: CEO Hock Tan continues to defend Broadcom’s approximately $350 billion AI-chip outlook, emphasizing demand from inference-focused customers. The forecast supports the bullish long-term narrative but requires sustained spending by a small group of large technology customers. Broadcom CEO defends AI outlook
- Negative Sentiment: The proposed debt-funded chip purchases have raised concerns about leverage, “circular” financing and the risk of financing chips with loans that could outlast their useful lives. Because the arrangement is tied to OpenAI demand and remains unfinalized, investors may be discounting execution, credit and customer-concentration risks. AI chip debt financing risks
- Negative Sentiment: Broadcom’s valuation remains demanding after its strong AI rally, leaving less room for disappointment. Investors are questioning whether projected AI growth is already reflected in the stock, particularly as competing chip and networking companies pursue the same hyperscaler spending. Broadcom AI growth and valuation
Insider Activity
In related news, insider Mark Brazeal sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction 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. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on AVGO. TD Cowen reiterated a “buy” rating and set a $475.00 price target (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. UBS Group downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. Citic Securities upgraded shares of Broadcom to a “buy” rating and raised their target price for the company from $450.00 to $525.00 in a research note on Tuesday, September 8th. BMO Capital Markets boosted their target price on shares of Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, KeyCorp restated an “overweight” rating and set a $575.00 price target on shares of Broadcom in a report 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 issued a Hold rating to the company. According to data from MarketBeat, Broadcom presently has an average rating of “Moderate Buy” and a consensus target price of $527.20.
View Our Latest Stock Analysis on AVGO
Broadcom Profile
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.
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