1,814 Broadcom Inc. $AVGO Shares Bought by Narwhal Capital Management

Narwhal Capital Management raised its position in Broadcom Inc. (NASDAQ:AVGO) by 4.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,936 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,814 shares during the quarter. Broadcom makes up 1.0% of Narwhal Capital Management’s portfolio, making the stock its 24th biggest holding. Narwhal Capital Management’s holdings in Broadcom were worth $15,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AVGO. Cornerstone Advisors LLC purchased a new position in shares of Broadcom during the 2nd quarter worth $92,522,000. GAMMA Investing LLC increased its stake in shares of Broadcom by 8.8% in the 3rd quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer’s stock worth $55,889,000 after purchasing an additional 13,317 shares in the last quarter. ANB Bank purchased a new stake in shares of Broadcom in the 3rd quarter worth $1,181,000. Bank of America Corp DE increased its stake in shares of Broadcom by 1.5% in the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock worth $18,179,719,000 after purchasing an additional 894,564 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of Broadcom in the 2nd quarter worth $3,302,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Broadcom

Investors following AVGO have been watching these headlines:

• Positive Sentiment: Industry spending remains a supportive backdrop: analyst estimates for hyperscaler capital expenditures have risen sharply, suggesting continued investment in AI infrastructure that could underpin demand for Broadcom’s custom chips and related systems. Great News for Nvidia, Micron, Broadcom, and AMD Stock Investors
• Neutral Sentiment: Broadcom’s AI opportunity comes with customer-concentration risk: its five largest customers reportedly accounted for about 55% of recent-quarter revenue. Anthropic is expected to become its largest custom AI-chip customer in 2027, which could deepen reliance on a few major buyers. Broadcom’s customer concentration risk
• Negative Sentiment: Potentially tighter U.S. export controls and hardware-tracking rules could add compliance costs and delay international AI deployments. Such restrictions may affect Broadcom and other semiconductor suppliers, even if demand for AI infrastructure remains strong. Midterm Fallout, NVIDIA Turmoil, Anthropic’s IPO: Is Broadcom a Steal?

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wedbush initiated coverage on Broadcom in a report on Tuesday, October 27th. They issued an “outperform” rating on the stock. Piper Sandler initiated coverage on Broadcom in a report on Wednesday, September 9th. They set an “overweight” rating and a $460.00 price target for the company. Lake Street Capital upgraded Broadcom to a “buy” rating in a research report on Thursday, September 3rd. BMO Capital Markets raised their price objective on Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, Citigroup downgraded Broadcom from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $530.52.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $364.36 on Friday. The stock has a market cap of $1.74 trillion, a PE ratio of 46.53 and a beta of 1.49. Broadcom Inc. has a 1 year low of $289.77 and a 1 year high of $495.00. The firm has a fifty day moving average price of $345.59 and a 200-day moving average price of $366.48. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the previous year, the company earned $1.69 EPS. Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. Equities analysts anticipate that Broadcom Inc. will post 10.20 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

About Broadcom

Broadcom Inc. is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics. Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.