Broadcom Inc. $AVGO Stake Decreased by Moody National Bank Trust Division

Moody National Bank Trust Division lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,860 shares of the semiconductor manufacturer’s stock after selling 1,525 shares during the quarter. Broadcom makes up approximately 1.0% of Moody National Bank Trust Division’s portfolio, making the stock its 15th largest holding. Moody National Bank Trust Division’s holdings in Broadcom were worth $12,945,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Networth Advisors LLC increased its stake in shares of Broadcom by 546.2% during the 1st 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 Broadcom in the second quarter valued at approximately $31,000. Harborfront Financial Group LLC bought a new position in Broadcom during the second quarter valued at $38,000. Coppell Advisory Solutions LLC bought a new position in Broadcom during the second quarter valued at $60,000. Finally, IMG Wealth Management Inc. purchased a new stake in Broadcom in the second quarter worth $64,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

NASDAQ:AVGO traded up $13.30 during mid-day trading on Tuesday, hitting $375.81. 30,765,540 shares of the stock traded hands, compared to its average volume of 25,155,971. Broadcom Inc. has a 12-month low of $289.96 and a 12-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. The company has a market cap of $1.79 trillion, a PE ratio of 48.00 and a beta of 1.46. The business’s 50-day moving average price is $372.33 and its 200 day moving average price is $381.36.

Broadcom (NASDAQ:AVGO) last announced 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. The firm had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same period last year, the firm earned $1.69 EPS. On average, analysts expect that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Transactions at Broadcom

In other news, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $78,254,935.37. The trade was 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 the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 31,326 shares in the company, valued at approximately $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,890 shares of company stock worth $20,241,368 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

AVGO has been the topic of several research reports. KeyCorp restated an “overweight” rating and issued a $575.00 target price on shares of Broadcom in a research note on Thursday, September 3rd. The Goldman Sachs Group upped their price objective on shares of Broadcom from $525.00 to $540.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. TD Cowen reiterated 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 initiated coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued a “buy” rating and a $600.00 target price for the company. 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 issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $527.20.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Potential $42 billion Anthropic financing deal: Reports indicate Broadcom may be arranging a large financing package tied to Anthropic’s purchase of AI chips and related infrastructure. If completed, the deal could provide significant visibility into future AI revenue and reinforce Broadcom’s role as a key supplier to hyperscale customers. Broadcom Stock Jumps Following Reported $42 Billion Financing Deal With Anthropic Why Is Broadcom Lining Up a Large AI Chip Financing Deal?
• Positive Sentiment: Custom-chip momentum supports the AI growth story: Marvell’s investor-day discussion of custom AI silicon lifted sentiment across the sector, highlighting demand for specialized accelerators and networking products. Broadcom is viewed as one of the leading design partners for cloud companies developing their own chips. Marvell Rallies as Investor Day Presses the Custom AI Silicon Case
• Positive Sentiment: Analysts remain constructive on AI demand: Recent coverage emphasizes Broadcom’s sharply accelerating AI semiconductor revenue, including reported year-over-year growth above 200%, and argues that data-center power constraints may affect competitors and project timing more than Broadcom and Nvidia. Nvidia and Broadcom May Be Protected From AI Power Shortage
• Neutral Sentiment: Options activity signals bullish positioning: Investors purchased approximately 426,000 Broadcom call options, about 34% above typical daily call volume. This indicates increased speculative interest but does not guarantee sustained buying in the stock.
• Negative Sentiment: Financing and valuation risks remain: Critics question whether Anthropic-related arrangements could represent circular financing, in which supplier financing indirectly supports customer purchases. Broadcom also trades at a premium multiple, making the shares vulnerable if AI growth slows or the reported deal fails to materialize. Broadcom Has a New Problem: Anthropic

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.