Broadcom Inc. $AVGO Shares Bought by Vantage Investment Partners LLC

Vantage Investment Partners LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,884 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,788 shares during the period. Vantage Investment Partners LLC’s holdings in Broadcom were worth $17,870,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AVGO. Lynx Investment Advisory purchased a new stake in Broadcom in the third quarter valued at about $394,000. Financial Insights Inc. grew its stake in shares of Broadcom by 1.4% during the third quarter. Financial Insights Inc. now owns 3,637 shares of the semiconductor manufacturer’s stock worth $1,277,000 after acquiring an additional 51 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Broadcom during the third quarter valued at about $52,000. Prism Planning Partners LLC purchased a new position in shares of Broadcom in the 3rd quarter valued at approximately $69,000. Finally, BLB&B Advisors LLC raised its position in shares of Broadcom by 2.3% in the 3rd quarter. BLB&B Advisors LLC now owns 45,724 shares of the semiconductor manufacturer’s stock valued at $16,058,000 after purchasing an additional 1,029 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AVGO. HSBC reduced their price objective on Broadcom from $600.00 to $560.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. William Blair downgraded Broadcom from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 27th. Truist Financial decreased their price objective on Broadcom from $550.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Royal Bank Of Canada began coverage on Broadcom in a report on Thursday, September 3rd. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Broadcom in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $530.52.

Broadcom News Roundup

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 Stock Performance

Shares of AVGO stock opened at $326.08 on Monday. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The firm has a 50 day moving average of $352.81 and a two-hundred day moving average of $366.96. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.56 trillion, a PE ratio of 41.65 and a beta of 1.49.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $29.24 billion. During the same period last year, the firm earned $1.69 EPS. The company’s revenue for the quarter was up 85.5% on a year-over-year basis. On average, research analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom’s dividend payout ratio is currently 33.21%.

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 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.