27,766 Broadcom Inc. $AVGO Shares Bought by Maxi Investments CY Ltd

Maxi Investments CY Ltd lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 57.3% in the third quarter, Holdings Channel reports. The institutional investor owned 76,220 shares of the semiconductor manufacturer’s stock after acquiring an additional 27,766 shares during the period. Broadcom makes up about 4.9% of Maxi Investments CY Ltd’s portfolio, making the stock its 5th largest position. Maxi Investments CY Ltd’s holdings in Broadcom were worth $26,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. RD Finance Ltd raised its stake in Broadcom by 17.1% in the 3rd quarter. RD Finance Ltd now owns 18,470 shares of the semiconductor manufacturer’s stock worth $6,486,000 after purchasing an additional 2,700 shares in the last quarter. Deltec Asset Management LLC grew its position in Broadcom by 0.6% during the third quarter. Deltec Asset Management LLC now owns 84,124 shares of the semiconductor manufacturer’s stock worth $29,544,000 after buying an additional 469 shares in the last quarter. Plimoth Trust Co. LLC increased its stake in Broadcom by 9.7% during the 3rd quarter. Plimoth Trust Co. LLC now owns 23,087 shares of the semiconductor manufacturer’s stock worth $8,108,000 after acquiring an additional 2,040 shares during the period. Noesis Capital Mangement Corp increased its position in shares of Broadcom by 1.3% in the third quarter. Noesis Capital Mangement Corp now owns 15,964 shares of the semiconductor manufacturer’s stock worth $5,607,000 after purchasing an additional 205 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Broadcom by 68.0% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,174 shares of the semiconductor manufacturer’s stock worth $763,000 after purchasing an additional 880 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AVGO shares. The Goldman Sachs Group increased their price objective on shares of Broadcom from $525.00 to $540.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. President Capital upped their target price on Broadcom from $520.00 to $546.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Royal Bank Of Canada initiated coverage on Broadcom in a report on Thursday, September 3rd. They issued an “outperform” rating on the stock. Fox Advisors upgraded shares of Broadcom to an “outperform” rating in a research report on Thursday, September 3rd. Finally, Cantor Fitzgerald upped their price objective on Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $530.52.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: DA Davidson upgraded Broadcom to Buy from Neutral and raised its price target to $400 from $350. The firm cited Broadcom’s exposure to major AI customers, including Anthropic and potentially OpenAI. Broadcom Falls Despite DA Davidson Upgrade
• Positive Sentiment: A $63 billion financing arrangement is expected to fund purchases of Broadcom AI hardware for Anthropic. The deal provides a potentially large, funded customer for Broadcom’s custom-chip and networking business, although the company could face substantial obligations under the agreement’s backstop. Broadcom’s $63 Billion Anthropic Deal
• Positive Sentiment: Longer-term investment theses remain favorable: Broadcom projects AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Meta’s planned financing for its AI expansion could also support additional demand for Broadcom’s custom silicon and networking products. Meta Financing Plan and Broadcom
• Neutral Sentiment: Broadcom is trading well below its record high and below its 50-day and 200-day moving averages. Analysts see upside, but valuation remains demanding, making execution of the AI growth forecast particularly important.
• Negative Sentiment: Intel’s weaker-than-expected forecast prompted investors to reassess semiconductor demand. Concerns were reinforced by Amazon’s results and the rising cost of building AI infrastructure, pressuring AI-exposed chip stocks broadly. Why Intel, AMD and Broadcom Are Falling
• Negative Sentiment: The Anthropic transaction also carries execution and financial-risk questions. Investors are waiting to see whether Broadcom can manufacture and deliver the required hardware at scale before fully crediting the projected revenue. Broadcom’s Anthropic Deal and Execution Risk

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $326.08 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The stock’s 50 day moving average is $352.81 and its 200-day moving average is $366.96. The firm has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 41.65 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last posted its earnings results 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 company 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 firm’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 earnings per share. Sell-side analysts forecast 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. Investors of record on Monday, September 21st were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s payout ratio is presently 33.21%.

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 data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company’s semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.