Toth Financial Advisory Corp lifted its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,914 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,871 shares during the quarter. Broadcom accounts for approximately 1.3% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 20th biggest holding. Toth Financial Advisory Corp’s holdings in Broadcom were worth $12,613,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Whalen Wealth Management Inc. raised its stake in shares of Broadcom by 35.7% during the 3rd quarter. Whalen Wealth Management Inc. now owns 8,107 shares of the semiconductor manufacturer’s stock worth $2,847,000 after purchasing an additional 2,134 shares in the last quarter. City Center Advisors LLC grew its stake in shares of Broadcom by 45.5% in the third quarter. City Center Advisors LLC now owns 4,040 shares of the semiconductor manufacturer’s stock valued at $1,419,000 after buying an additional 1,263 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Broadcom during the third quarter worth $217,000. KFA Private Wealth Group LLC grew its position in shares of Broadcom by 16.7% in the 3rd quarter. KFA Private Wealth Group LLC now owns 2,474 shares of the semiconductor manufacturer’s stock valued at $869,000 after acquiring an additional 354 shares during the period. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Broadcom by 8.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 2,663 shares of the semiconductor manufacturer’s stock worth $888,000 after acquiring an additional 207 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. UBS Group downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. TD Cowen restated a “buy” rating and set a $475.00 target price (down from $500.00) on shares of Broadcom in a research note on Thursday, September 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $505.00 target price (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Dbs Bank raised shares of Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. Finally, Jefferies Financial Group started coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set a “buy” rating and a $550.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $527.20.
Insider Activity
In other news, insider Mark Brazeal sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.
Broadcom Stock Performance
Shares of AVGO traded down $12.56 during midday trading on Thursday, reaching $363.94. 8,724,596 shares of the stock were exchanged, compared to its average volume of 25,031,582. The stock’s 50 day simple moving average is $372.35 and its 200 day simple moving average is $382.17. The company has a market cap of $1.74 trillion, a P/E ratio of 46.46 and a beta of 1.46. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.
Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the prior year, the company posted $1.69 earnings per share. Broadcom’s revenue was up 85.5% compared to the same quarter last year. On average, sell-side analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.
Broadcom Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio is presently 33.21%.
More Broadcom News
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
Broadcom Company 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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