ProCore Advisors LLC bought a new position in Broadcom Inc. (NASDAQ:AVGO – Free Report) in the third quarter, HoldingsChannel reports. The firm bought 3,213 shares of the semiconductor manufacturer’s stock, valued at approximately $1,128,000. Broadcom accounts for 1.3% of ProCore Advisors LLC’s holdings, making the stock its 16th largest holding.
Several other large investors have also recently modified their holdings of AVGO. Networth Advisors LLC lifted its stake in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Core Capital Management & Research inc. purchased a new position in shares of Broadcom during the second quarter valued at approximately $31,000. Harborfront Financial Group LLC bought a new position in shares of Broadcom during the second quarter valued at approximately $38,000. Coppell Advisory Solutions LLC bought a new position in shares of Broadcom during the second quarter valued at approximately $60,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Broadcom during the second quarter valued at approximately $64,000. Institutional investors own 76.43% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on AVGO shares. Fox Advisors raised Broadcom to an “outperform” rating in a research report on Thursday, September 3rd. HSBC decreased their target price on Broadcom from $600.00 to $560.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. UBS Group lowered shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Cantor Fitzgerald boosted their target price on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Finally, Citigroup restated a “buy” rating and issued a $515.00 price target (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $527.20.
Key Stories Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom plans to launch an AI networking platform at the OCP Global Summit, potentially strengthening its position in the rapidly expanding market for hyperscale data-center connectivity. Broadcom To Launch AI Networking Platform
- Positive Sentiment: The company introduced VMware HyperArmor, a security product designed to protect VMware Cloud Foundation hypervisors from increasingly sophisticated cyberattacks. The launch supports Broadcom’s recurring infrastructure-software strategy and could improve VMware’s product value. Broadcom Introduces VMware HyperArmor
- Positive Sentiment: Analysts and commentators continue to highlight Broadcom’s custom AI-chip business, including multiyear hyperscaler contracts and demand from customers such as Google. This model allows AVGO to benefit from AI spending without competing directly with Nvidia in general-purpose GPUs. Broadcom and Google AI Designs
- Neutral Sentiment: CEO Hock Tan warned that capital availability—not memory-chip supply—could become the biggest bottleneck for AI expansion. The comments raise concerns about the sustainability of data-center spending, even as Broadcom reportedly increased its AI revenue outlook. Capital Crunch Could Become AI Bottleneck
- Neutral Sentiment: Broadcom is being promoted as a leading AI and dividend stock, but comparisons with Nvidia, Qualcomm and Oracle emphasize that investors must weigh growth, leverage and valuation rather than AI exposure alone. Dividend Stocks Offering AI Exposure
- Negative Sentiment: Tan’s description of AI investors as casino gamblers may reinforce concerns that the sector has become speculative and vulnerable to a pullback if funding or expected returns deteriorate. Broadcom CEO Compared AI Investors to Gamblers
- Negative Sentiment: AVGO remains well below its record high, with technical indicators showing continued pressure. Profit-taking across semiconductor equipment stocks and renewed concern about AI-related financing are weighing on sentiment toward the broader chip group. Broadcom Stock Analysis
Broadcom Trading Up 0.7%
Shares of NASDAQ AVGO opened at $357.31 on Wednesday. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The business has a fifty day moving average price of $369.27 and a 200 day moving average price of $383.32. The stock has a market capitalization of $1.71 trillion, a P/E ratio of 45.63 and a beta of 1.46. 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 (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom’s revenue was up 85.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.69 EPS. Equities research analysts expect that Broadcom Inc. will post 10.37 EPS for the current fiscal year.
Broadcom Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.65 per share. 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 payout ratio is 33.21%.
About Broadcom
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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