1,542 Shares of Broadcom Inc. $AVGO Bought by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,542 shares of the semiconductor manufacturer’s stock, valued at approximately $542,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Broadcom by 8.7% in the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock valued at $75,367,711,000 after buying an additional 16,651,378 shares in the last quarter. Bank of America Corp DE increased its stake in Broadcom by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock valued at $23,202,543,000 after purchasing an additional 2,685,916 shares in the last quarter. Wellington Management Group LLP raised its holdings in Broadcom by 3.8% during the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock worth $19,484,611,000 after purchasing an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Broadcom by 2.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer’s stock worth $15,178,195,000 after purchasing an additional 1,140,598 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Broadcom during the second quarter worth $11,998,148,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Trading Up 0.2%

NASDAQ AVGO traded up $0.70 during mid-day trading on Wednesday, reaching $376.51. 17,978,078 shares of the stock were exchanged, compared to its average volume of 25,119,090. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The business’s fifty day simple moving average is $372.22 and its 200 day simple moving average is $381.78. 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 stock has a market capitalization of $1.80 trillion, a PE ratio of 48.09 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company’s revenue was up 85.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 EPS. On average, research analysts anticipate that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AVGO shares. Weiss Ratings lowered Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Citigroup reissued a “buy” rating and issued a $515.00 price objective (up from $500.00) on shares of Broadcom in a research note on Friday, September 4th. Fox Advisors upgraded shares of Broadcom to an “outperform” rating in a report on Thursday, September 3rd. Sanford C. Bernstein restated a “buy” rating on shares of Broadcom in a research report on Monday, September 21st. Finally, Dbs Bank raised shares of Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $527.20.

Insider Transactions at Broadcom

In other news, insider Mark Brazeal sold 25,000 shares of the firm’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 sale, the insider directly owned 194,989 shares in the company, valued at $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI growth narrative remains the primary catalyst. Reports highlighted projected AI semiconductor revenue of approximately $58 billion in 2026, $115 billion in 2027, and $230 billion in 2028, supported by custom accelerators and networking demand from major cloud customers. Broadcom AI financing plan article
• Positive Sentiment: The company’s reported financing plans for Anthropic—including potentially tens of billions of dollars in loans and chip-leasing arrangements—could help customers fund large AI deployments and expand Broadcom’s future chip sales. Separate reporting that Oracle, Broadcom, and SpaceX are seeking multibillion-dollar debt deals underscores the scale of AI infrastructure demand. AI chip debt financing article
• Positive Sentiment: CEO Hock Tan defended Broadcom’s roughly $350 billion AI opportunity, arguing that inference-focused customer relationships support continued demand even as some industry participants call for slower frontier-AI development. Analysts and bullish investors also point to potential earnings growth of 71% in fiscal 2026 and 66% in fiscal 2027. Broadcom CEO AI outlook article
• Positive Sentiment: Unusually heavy call-option activity and Cathie Wood’s reported $13 million purchase provided additional bullish sentiment. Marvell Technology’s aggressive custom-chip outlook also reinforces the broader market case for custom AI silicon, an area where Broadcom is a leading supplier. Cathie Wood Broadcom purchase article
• Neutral Sentiment: Technical analysts describe a bullish reversal with a possible path toward the prior $495 high, but this is market commentary rather than a fundamental change in Broadcom’s business. Broadcom price forecast article
• Negative Sentiment: Investors remain concerned that Broadcom’s AI financing arrangements could create “circular financing” or credit exposure if customers rely on debt and leasing to purchase its chips. The stock’s elevated valuation also leaves limited room for weaker AI spending or execution.

About Broadcom

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.