Broadcom Inc. $AVGO Shares Newly Acquired by Uptown Financial Advisors LLC

Uptown Financial Advisors LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,947 shares of the semiconductor manufacturer’s stock, valued at approximately $684,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. V Square Quantitative Management LLC boosted its holdings in Broadcom by 6.0% during the third quarter. V Square Quantitative Management LLC now owns 47,831 shares of the semiconductor manufacturer’s stock worth $16,798,000 after buying an additional 2,691 shares during the last quarter. Fortitude Advisory Group L.L.C. increased its stake in shares of Broadcom by 2.7% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 14,048 shares of the semiconductor manufacturer’s stock valued at $4,934,000 after acquiring an additional 366 shares during the last quarter. Davidson Capital Management Inc. increased its stake in shares of Broadcom by 2.5% in the 3rd quarter. Davidson Capital Management Inc. now owns 16,281 shares of the semiconductor manufacturer’s stock valued at $5,718,000 after acquiring an additional 398 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Broadcom by 9.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 15,812 shares of the semiconductor manufacturer’s stock valued at $5,475,000 after acquiring an additional 1,314 shares during the last quarter. Finally, Community Trust & Investment Co. raised its position in shares of Broadcom by 1.2% in the 3rd quarter. Community Trust & Investment Co. now owns 186,649 shares of the semiconductor manufacturer’s stock valued at $65,549,000 after acquiring an additional 2,260 shares during the period. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 4.5%

Shares of NASDAQ:AVGO traded down $15.58 during trading on Friday, hitting $328.75. 29,704,386 shares of the company’s stock traded hands, compared to its average volume of 23,045,156. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $364.33 and a 200-day moving average price of $383.51. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The company has a market cap of $1.57 trillion, a price-to-earnings ratio of 41.99 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last posted its 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 business had revenue of $29.59 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.69 EPS. As a group, research analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio is 33.21%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s long-term AI opportunity remains attractive because hyperscalers and companies including OpenAI, Anthropic, Alphabet and Meta are adopting custom-designed chips and high-speed networking as alternatives to Nvidia GPUs. Analysts and investors continue to view Broadcom’s combination of custom silicon, networking and infrastructure software as a potential long-term growth engine. Will Broadcom Rejoin the $2 Trillion Club in 2027?
• Positive Sentiment: Erste Group raised its FY2027 earnings forecast for Broadcom, while roughly $121.5 million of net ETF purchases on Oct. 14 indicate that some institutional investors continue to add exposure. Broadcom FY2027 Earnings Forecast Raised by Erste Group Bank
• Neutral Sentiment: Broadcom’s reported plan to arrange $60 billion in financing connected to Anthropic could expand its AI relationship and customer opportunity, but it also increases the financial stakes and execution risk of the company’s AI strategy. Broadcom’s Anthropic Bet Gets Bigger
• Neutral Sentiment: Broadcom and CoreWeave rejected tokenized shares offered through the OKX/ICE venue, limiting a potential new trading channel but signaling caution around digital representations of public-company stock. CoreWeave, Broadcom Reject Tokenized Shares
• Negative Sentiment: CEO Hock Tan warned that rising financing costs and speculative, “casino-like” AI investing could slow expansion. His comments raise concerns that AI customers may reduce capital spending or struggle to turn heavy infrastructure investments into profits, weighing particularly on custom-AI-chip suppliers. Broadcom Falls as AI Capital Warning Weighs
• Negative Sentiment: Higher-than-expected inflation and expectations for higher interest rates are prompting investors to rotate away from expensive technology and AI stocks. A Gartner warning that many neocloud companies could fail or consolidate by 2030 has intensified fears of an AI infrastructure spending mismatch. MarketBeat Week in Review
• Negative Sentiment: Reports that Apple may cut iPhone 18 Pro component orders create an additional demand concern for suppliers, although Broadcom’s exposure and potential impact appear less direct than for some peers. Apple Cut iPhone 18 Orders

Wall Street Analyst Weigh In

Several research firms recently weighed in on AVGO. Bank of America reduced their price objective on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Piper Sandler initiated coverage on shares of Broadcom in a research note on Wednesday, September 9th. They issued an “overweight” rating and a $460.00 target price for the company. BMO Capital Markets upped their target price on shares of Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $475.00 target price (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. Finally, Fox Advisors raised shares of Broadcom to an “outperform” rating in a research report on Thursday, September 3rd. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $527.20.

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.