18,129 Shares in Broadcom Inc. $AVGO Acquired by B.A. Schrock Wealth Management Inc.

Key Points

• B.A. Schrock Wealth Management acquired 18,129 Broadcom shares worth approximately $6.23 million, making AVGO 2.1% of its portfolio. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom exceeded quarterly expectations with earnings of $3.32 per share and revenue of $29.59 billion, up 85.5% year over year. The company also declared a quarterly dividend of $0.65 per share, representing a 0.8% yield.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $527.20 price target, compared with a recent share price of $344.33.

B.A. Schrock Wealth Management Inc. purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,129 shares of the semiconductor manufacturer's stock, valued at approximately $6,230,000. Broadcom makes up 2.1% of B.A. Schrock Wealth Management Inc.'s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVGO. Cornerstone Advisors LLC acquired a new stake in Broadcom in the 2nd quarter worth about $92,522,000. GAMMA Investing LLC raised its holdings in shares of Broadcom by 8.8% during the third quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer's stock valued at $55,889,000 after acquiring an additional 13,317 shares during the last quarter. ANB Bank acquired a new position in shares of Broadcom during the third quarter valued at approximately $1,181,000. Bank of America Corp DE raised its holdings in shares of Broadcom by 1.5% during the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock valued at $18,179,719,000 after acquiring an additional 894,564 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Broadcom in the second quarter valued at approximately $3,302,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

NASDAQ:AVGO opened at $344.33 on Friday. 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 company has a market capitalization of $1.64 trillion, a P/E ratio of 40.40 and a beta of 1.46. The stock's fifty day moving average is $366.31 and its two-hundred day moving average is $383.89.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping 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 company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter last year, the firm posted $1.69 earnings per share. Broadcom's revenue was up 85.5% compared to the same quarter last year. Equities analysts expect that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on AVGO shares. HSBC dropped their price target on Broadcom from $600.00 to $560.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Piper Sandler began coverage on Broadcom in a report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 price objective on the stock. Raymond James Financial restated an "outperform" rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. Jefferies Financial Group began coverage on shares of Broadcom in a research note on Thursday, September 3rd. They set a "buy" rating and a $550.00 target price on the stock. Finally, BMO Capital Markets upped their target price on shares of Broadcom from $455.00 to $575.00 and gave the stock an "outperform" rating 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $527.20.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

Broadcom 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.

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