1,496 Broadcom Inc. $AVGO Shares Bought by Integrated Financial Solutions Inc.

Key Points

• Integrated Financial Solutions increased its Broadcom stake by 1.9% in the third quarter, purchasing 1,496 shares to hold 78,606 shares valued at approximately $27.6 million. Broadcom represents 14.4% of the fund’s portfolio.
• Institutional ownership remains substantial at 76.43%, with State Street, Bank of America, Wellington Management and UBS among major holders that increased their positions.
• Broadcom’s outlook is supported by strong AI-related demand, including potential custom-chip projects with OpenAI and new networking technologies. The company recently exceeded quarterly earnings and revenue estimates, while analysts maintain a “Moderate Buy” consensus with an average price target of $527.20.

Integrated Financial Solutions Inc. raised its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,606 shares of the semiconductor manufacturer's stock after purchasing an additional 1,496 shares during the period. Broadcom accounts for approximately 14.4% of Integrated Financial Solutions Inc.'s investment portfolio, making the stock its 3rd largest holding. Integrated Financial Solutions Inc.'s holdings in Broadcom were worth $27,606,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Broadcom by 8.7% in the 2nd 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 grew its position in shares of 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 worth $23,202,543,000 after buying an additional 2,685,916 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Broadcom by 3.8% in the 2nd quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer's stock worth $19,484,611,000 after buying an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Broadcom by 2.9% during the 2nd 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 acquiring an additional 1,140,598 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Broadcom during the 2nd quarter worth approximately $11,998,148,000. 76.43% of the stock is currently owned by institutional investors.

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. Although discussions are preliminary, the potential project underscores the scale of expected demand for Broadcom’s custom silicon and could support substantial future revenue. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: At the OCP Global Summit, Broadcom highlighted new networking technologies designed to help hyperscalers scale AI clusters. The announcements reinforce its positioning in high-speed networking and custom AI infrastructure. Broadcom AI networking innovations
• Positive Sentiment: Record profits at Samsung and TSMC are being viewed as evidence that semiconductor demand and AI-related capital spending remain strong, a favorable backdrop for Broadcom’s chip and networking businesses. Record profits at Samsung and TSMC
• Positive Sentiment: Analysts and commentators continue to point to Broadcom’s rapid AI revenue growth and its roughly 24% decline from its 52-week high as a potential entry point, despite expectations for strong earnings growth. Broadcom is lagging the market

Wall Street Analyst Weigh In

A number of research firms recently commented on AVGO. KeyCorp reissued an "overweight" rating and set a $575.00 target price on shares of Broadcom in a research report on Thursday, September 3rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $505.00 price target (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Lake Street Capital raised shares of Broadcom to a "buy" rating in a report on Thursday, September 3rd. HSBC decreased their price objective on Broadcom from $600.00 to $560.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Finally, Fox Advisors raised Broadcom to an "outperform" rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Broadcom has an average rating of "Moderate Buy" and an average target price of $527.20.

Broadcom Trading Up 0.4%

Broadcom stock opened at $361.54 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The company has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 46.17 and a beta of 1.46. The stock has a 50-day moving average price of $371.24 and a 200 day moving average price of $382.38.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating 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 firm had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Broadcom's revenue for the quarter was up 85.5% on a year-over-year basis. Sell-side analysts anticipate that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The firm 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. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom's payout ratio is presently 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 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.

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