3,065 Shares in Broadcom Inc. $AVGO Purchased by Polaris Financial Partners

Polaris Financial Partners acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) in the 3rd quarter, HoldingsChannel reports. The fund acquired 3,065 shares of the semiconductor manufacturer’s stock, valued at approximately $1,083,000.

Other institutional investors also recently modified their holdings of the company. Networth Advisors LLC increased its stake in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 71 shares in the last quarter. Core Capital Management & Research inc. bought a new position in shares of Broadcom during the 2nd quarter worth about $31,000. Harborfront Financial Group LLC bought a new position in shares of Broadcom during the 2nd quarter worth about $38,000. IMG Wealth Management Inc. acquired a new stake in shares of Broadcom in the 2nd quarter valued at about $64,000. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in shares of Broadcom in the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Gayla Delly sold 1,890 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This trade represents a 5.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the company’s stock in a transaction 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 sale, the insider owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 51,890 shares of company stock worth $20,241,368. Company insiders own 1.90% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

  • Positive Sentiment: Broadcom and its banking syndicate are reportedly preparing as much as $60 billion in financing for Anthropic and other AI companies. The package could include $42 billion of senior-secured debt and an additional $18 billion junior tranche, potentially helping customers fund large-scale chip and infrastructure deployments. Why Broadcom stock is gaining today?
  • Positive Sentiment: Anthropic’s IPO filing reportedly shows that Broadcom could lend the AI company up to $42 billion to lease Broadcom chips. The arrangement strengthens Broadcom’s relationship with a potentially major customer and could support future AI-chip revenue, although some financing may be convertible into Anthropic shares. Broadcom to lend Anthropic up to $42 billion to lease its chips
  • Positive Sentiment: Analysts and commentators remain constructive on Broadcom’s long-term outlook, citing a reported 221% increase in AI revenue, chip relationships with Google, Meta and OpenAI, and repeated earnings beats. UBS also reportedly presented a bullish view after discussions with Broadcom’s CEO. Broadcom, Marvell, and SanDisk Are Quietly Building Toward a Massive Bull Run
  • Neutral Sentiment: The financing news is a major AI-growth signal, but investors are assessing whether it represents durable demand or a more circular arrangement in which Broadcom helps customers finance purchases of Broadcom’s own chips. Broadcom Is Lending One of Its Biggest Customers $42 Billion to Buy Its Chips
  • Negative Sentiment: Broadcom’s stock remains under pressure relative to recent highs, and one analysis noted it was down since the last earnings report. The company’s elevated valuation and exposure to Anthropic’s ability to fund substantial infrastructure commitments remain key risks.

Broadcom Stock Up 3.3%

AVGO stock traded up $11.50 during mid-day trading on Friday, reaching $355.14. 24,588,659 shares of the company traded hands, compared to its average volume of 25,145,607. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average price is $373.28 and its 200 day moving average price is $380.85. The stock has a market cap of $1.70 trillion, a price-to-earnings ratio of 45.36 and a beta of 1.46. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued 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. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The firm had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the prior year, the business posted $1.69 earnings per share. The company’s quarterly revenue was up 85.5% compared to the same quarter last year. As a group, equities research analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio is presently 33.21%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BMO Capital Markets upped their price target on Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Erste Group Bank restated a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. TD Cowen reaffirmed a “buy” rating and set a $475.00 target price (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. Rosenblatt Securities assumed coverage on Broadcom in a report on Thursday, September 3rd. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Evercore set a $578.00 price target on shares of Broadcom and gave the company an “outperform” rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $527.20.

Check Out Our Latest Stock Analysis on Broadcom

Broadcom Company Profile

(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.

See Also

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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