Broadcom Inc. $AVGO Stock: Ninety One UK Ltd Trims Position

Ninety One UK Ltd trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 18.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,273,862 shares of the semiconductor manufacturer’s stock after selling 511,359 shares during the quarter. Broadcom accounts for approximately 1.8% of Ninety One UK Ltd’s investment portfolio, making the stock its 11th largest holding. Ninety One UK Ltd’s holdings in Broadcom were worth $776,578,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AVGO. Networth Advisors LLC increased its stake in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 71 shares during the period. Core Capital Management & Research inc. purchased a new stake in Broadcom in the 2nd quarter valued at about $31,000. Harborfront Financial Group LLC purchased a new stake in Broadcom in the 2nd quarter valued at about $38,000. Coppell Advisory Solutions LLC purchased a new stake in Broadcom in the 2nd quarter valued at about $60,000. Finally, IMG Wealth Management Inc. bought a new position in Broadcom in the 2nd quarter worth about $64,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Down 4.5%

Broadcom stock traded down $15.58 during midday trading on Friday, hitting $328.75. 29,704,386 shares of the company’s stock were exchanged, compared to its average volume of 23,045,156. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The firm has a 50-day moving average of $364.33 and a two-hundred day moving average of $383.51. The company has a market cap of $1.57 trillion, a PE ratio of 41.99 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the previous year, the business posted $1.69 EPS. The company’s quarterly revenue was up 85.5% compared to the same quarter last year. As a group, analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AVGO. Arete Research raised their target price on shares of Broadcom from $488.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. DA Davidson set a $350.00 price target on shares of Broadcom and gave the company a “neutral” rating in a research note on Friday, September 4th. Weiss Ratings upgraded Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Cantor Fitzgerald increased their price objective on Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Finally, Jefferies Financial Group assumed coverage on Broadcom in a research note on Thursday, September 3rd. They issued a “buy” rating and a $550.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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’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

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.