Broadcom Inc. $AVGO Position Reduced by Hamlin Capital Management LLC

Hamlin Capital Management LLC decreased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,570 shares of the semiconductor manufacturer’s stock after selling 33,357 shares during the quarter. Broadcom makes up 4.4% of Hamlin Capital Management LLC’s portfolio, making the stock its 7th largest position. Hamlin Capital Management LLC’s holdings in Broadcom were worth $181,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in AVGO. Fullerton Advisors LLC boosted its position in Broadcom by 1.3% in the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer’s stock valued at $616,000 after buying an additional 25 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co raised its position in Broadcom by 0.5% during the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer’s stock worth $1,656,000 after buying an additional 25 shares during the last quarter. RFG Holdings Inc. boosted its holdings in shares of Broadcom by 0.3% in the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer’s stock valued at $2,631,000 after acquiring an additional 26 shares during the last quarter. Yukon Wealth Management Inc. boosted its holdings in shares of Broadcom by 1.1% in the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock valued at $774,000 after acquiring an additional 26 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC increased its stake in shares of Broadcom by 2.6% in the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer’s stock worth $399,000 after acquiring an additional 27 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. TD Cowen restated 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. The Goldman Sachs Group lifted their price objective on Broadcom from $525.00 to $540.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Piper Sandler assumed coverage on Broadcom in a report on Wednesday, September 9th. They issued an “overweight” rating and a $460.00 price objective for the company. KeyCorp reaffirmed an “overweight” rating and set a $575.00 target price on shares of Broadcom in a report on Thursday, September 3rd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $475.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. One equities research 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $527.20.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly arranging more than $50 billion in financing for custom AI chips being developed with OpenAI. The size of the proposed deal highlights strong expected demand for Broadcom’s custom accelerators and could materially expand its AI revenue opportunity. Apollo Global Management and Blackstone are among the potential lenders, although discussions remain preliminary. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: At the 2026 OCP Global Summit, Broadcom showcased networking technologies designed to support scale-up, scale-out and scale-across AI clusters. The announcements reinforce its position as a supplier of both custom AI silicon and the networking infrastructure needed by hyperscale data centers. Broadcom Redefines AI Infrastructure with Industry-Leading Networking Innovations
• Neutral Sentiment: Options activity was unusually bullish, with investors purchasing approximately 426,000 AVGO call options—about 34% above average volume. This signals speculative optimism but does not change Broadcom’s underlying financial outlook.
• Negative Sentiment: Investors are concerned that financing tens of billions of dollars for AI chips could increase credit and customer-concentration risk. Critics also warn that chips may become obsolete before long-term loans mature, potentially leaving Broadcom or its customers exposed if AI spending slows. The uncertainty is particularly significant because Broadcom trades at roughly 46 times earnings and has already delivered substantial AI-driven growth expectations.

Broadcom Price Performance

Shares of Broadcom stock traded down $14.20 on Thursday, hitting $362.31. The company’s stock had a trading volume of 11,346,877 shares, compared to its average volume of 25,038,686. The company has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 46.27 and a beta of 1.46. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The firm has a fifty day moving average price of $372.35 and a 200-day moving average price of $382.17.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.69 earnings per share. As a group, sell-side analysts anticipate that Broadcom Inc. will post 10.37 earnings per share 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 paid 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 yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 33.21%.

Insider Buying and Selling

In related news, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

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.