13,317 Broadcom Inc. $AVGO Shares Purchased by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its Broadcom stake by 8.8% in the third quarter, purchasing 13,317 additional shares for a total of 164,015 shares valued at approximately $55.9 million. Institutional investors and hedge funds collectively own 76.43% of Broadcom.
• Broadcom reported quarterly revenue of $29.59 billion, up 85.5% year over year, and EPS of $3.32, exceeding analyst expectations. The company also pays a quarterly dividend of $0.65, equivalent to a 0.7% annual yield.
• Analysts maintain a broadly positive outlook, with Broadcom receiving a “Moderate Buy” consensus rating and an average price target of $527.20, although its valuation near 46 times earnings remains a potential risk.

GAMMA Investing LLC increased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,015 shares of the semiconductor manufacturer's stock after buying an additional 13,317 shares during the quarter. Broadcom comprises 1.8% of GAMMA Investing LLC's portfolio, making the stock its 6th largest holding. GAMMA Investing LLC's holdings in Broadcom were worth $55,889,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Networth Advisors LLC grew its stake in shares of Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Core Capital Management & Research inc. bought a new stake in shares of Broadcom during the second quarter valued at about $31,000. Harborfront Financial Group LLC bought a new stake in shares of Broadcom during the second quarter valued at about $38,000. Coppell Advisory Solutions LLC acquired a new stake in Broadcom in the second quarter worth about $60,000. Finally, IMG Wealth Management Inc. acquired a new stake in Broadcom in the second quarter worth about $64,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance

Broadcom stock opened at $360.14 on Friday. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The firm's 50 day simple moving average is $371.79 and its 200-day simple moving average is $382.52. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The company has a market cap of $1.72 trillion, a P/E ratio of 45.99 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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 the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. The firm's quarterly revenue was up 85.5% on a year-over-year basis. As a group, equities research analysts predict that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

AVGO has been the topic of several research analyst reports. President Capital raised their target price on shares of Broadcom from $520.00 to $546.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Piper Sandler initiated coverage on shares of Broadcom in a research note on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 price target for the company. Weiss Ratings cut shares of Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Sanford C. Bernstein reiterated a "buy" rating on shares of Broadcom in a research note on Monday, September 21st. Finally, TD Cowen reissued a "buy" rating and set a $475.00 target price (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $527.20.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly arranging more than $50 billion in financing for custom AI chips being developed with OpenAI. The project could substantially expand Broadcom’s AI-chip opportunity and validate demand from one of the industry’s largest customers. Apollo Global Management and Blackstone are among the potential lenders, although discussions remain preliminary. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: At the 2026 OCP Global Summit, Broadcom highlighted networking products designed to support scale-up and scale-out AI clusters. Stronger Ethernet networking demand could complement its custom accelerators and switching businesses as hyperscalers expand AI infrastructure. Broadcom Redefines AI Infrastructure with Industry-Leading Networking Innovations
• Positive Sentiment: Analysts and financial commentators continue to point to rapid growth in Broadcom’s custom AI-chip and networking businesses. The company’s technology was also included in Arista Networks’ new open Ethernet rack initiative, reinforcing Broadcom’s role in the broader AI infrastructure ecosystem. Broadcom CEO Holds $350B Outlook Strong
• Neutral Sentiment: Heavy trading in Broadcom call options and bullish technical commentary indicate that some traders expect a rebound, but these signals reflect positioning rather than changes to the company’s fundamentals. Stock Traders Buy High Volume of Broadcom Call Options
• Negative Sentiment: The proposed financing raises concerns about leverage, repayment risk and whether AI chips could become obsolete before long-term debt matures. The financing is not finalized, and its size and terms could change, creating uncertainty for investors. SpaceX, Broadcom and Oracle All Want Billions in AI Chip Debt
• Negative Sentiment: Broadcom’s valuation remains demanding at roughly 46 times earnings, leaving the stock vulnerable to profit-taking if investors question the pace of AI spending or the company’s ability to convert projected growth into cash flow.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.