14,463 Broadcom Inc. $AVGO Shares Bought by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management increased its Broadcom position by 5.8% in the third quarter, adding 14,463 shares and bringing its holdings to 264,230 shares valued at approximately $92.8 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom exceeded quarterly expectations, reporting $3.32 in adjusted earnings per share and $29.59 billion in revenue, up 85.5% year over year. The company also declared a quarterly dividend of $0.65 per share.
• Despite a broad analyst consensus of “Moderate Buy” and an average price target of $530.52, Broadcom shares were trading below their recent moving averages and had fallen 5.5%. Investors remain focused on the company’s significant AI growth potential, while weighing valuation and execution risks tied to major customer deals.

Generali Asset Management SPA SGR lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 264,230 shares of the semiconductor manufacturer's stock after buying an additional 14,463 shares during the quarter. Broadcom comprises 1.6% of Generali Asset Management SPA SGR's holdings, making the stock its 12th biggest position. Generali Asset Management SPA SGR's holdings in Broadcom were worth $92,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVGO. IMG Wealth Management Inc. increased its holdings in shares of Broadcom by 314.1% during the third quarter. IMG Wealth Management Inc. now owns 704 shares of the semiconductor manufacturer's stock worth $247,000 after buying an additional 534 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Broadcom by 1.1% during the third quarter. Asset Management One Co. Ltd. now owns 2,171,096 shares of the semiconductor manufacturer's stock worth $762,467,000 after acquiring an additional 23,212 shares in the last quarter. John Boyer Inc. bought a new position in shares of Broadcom during the 3rd quarter worth approximately $538,000. MADDEN SECURITIES Corp grew its holdings in Broadcom by 5.1% during the third quarter. MADDEN SECURITIES Corp now owns 20,188 shares of the semiconductor manufacturer's stock valued at $7,090,000 after purchasing an additional 984 shares during the period. Finally, Balance Wealth Partners LLC bought a new position in shares of Broadcom in the third quarter worth $427,000. Institutional investors own 76.43% of the company's stock.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of research reports. Truist Financial cut their price objective on shares of Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Evercore set a $578.00 price target on Broadcom and gave the stock an "outperform" rating in a report on Thursday, September 3rd. HC Wainwright began coverage on Broadcom in a research note on Tuesday. They issued a "buy" rating for the company. Piper Sandler initiated coverage on Broadcom in a report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 target price for the company. Finally, Citic Securities upgraded shares of Broadcom to a "buy" rating and raised their target price for the company from $450.00 to $525.00 in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $530.52.

Broadcom Stock Down 5.5%

Shares of NASDAQ:AVGO opened at $326.08 on Friday. The business has a fifty day moving average of $352.81 and a two-hundred day moving average of $366.96. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. 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 cap of $1.56 trillion, a P/E ratio of 41.65 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The company had revenue of $29.59 billion for the quarter, compared to analysts' expectations of $29.24 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. The firm's revenue was up 85.5% compared to the same quarter last year. On average, research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is 33.21%.

More Broadcom News

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 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 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.

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