1,828 Broadcom Inc. $AVGO Shares Acquired by Plancorp LLC

Key Points

• Plancorp LLC increased its Broadcom stake by 14.3% in the third quarter, adding 1,828 shares to reach 14,575 shares valued at $4.75 million.
• Analysts have a “Moderate Buy” consensus on Broadcom, with an average price target of $530.52; 39 rate the stock Buy and five rate it Hold.
• Broadcom’s latest reported quarter beat earnings and revenue estimates, with revenue up 85.5% year over year. Investor attention also centers on its custom AI-chip prospects, though the article notes risks including margin pressure and AI infrastructure concerns.

Plancorp LLC raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 14.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,575 shares of the semiconductor manufacturer's stock after buying an additional 1,828 shares during the period. Plancorp LLC's holdings in Broadcom were worth $4,753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc bought a new position in shares of Broadcom in the second quarter worth approximately $11,998,148,000. Bank of New York Mellon Corp purchased a new position in shares of Broadcom during the second quarter valued at about $10,528,191,000. Jupiter Topco LLC purchased a new position in shares of Broadcom during the 2nd quarter worth approximately $7,396,271,000. State Street Corp lifted its stake 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 purchasing an additional 16,651,378 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Broadcom in the 2nd quarter valued at approximately $5,661,216,000. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AVGO. Lake Street Capital raised Broadcom to a "buy" rating in a research note on Thursday, September 3rd. President Capital raised their price objective on Broadcom from $520.00 to $546.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. Wedbush assumed coverage on Broadcom in a research report on Tuesday, October 27th. They set an "outperform" rating for the company. HSBC dropped their target price on shares of Broadcom from $600.00 to $560.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Finally, Evercore set a $578.00 target price on shares of Broadcom and gave the stock an "outperform" rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Broadcom presently has an average rating of "Moderate Buy" and a consensus target price of $530.52.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: A broader recovery in AI and chip shares helped lift Broadcom after concerns about data-center expansion and AI regulation contributed to the recent sell-off. Falling oil prices also supported the wider market. Why is Broadcom stock surging?
• Positive Sentiment: Coverage of Google’s large chip-spending forecast renewed focus on Broadcom’s role in custom AI chips. Broadcom is developing custom processors that could help Google and OpenAI meet AI-computing needs beyond reliance on GPUs. The Real Winner of Google’s Chip Forecast: Broadcom
• Positive Sentiment: Several investment articles argued that Broadcom’s AI and custom-chip prospects could support substantial upside, despite its recent share-price weakness. These are bullish opinions, not company guidance. Broadcom: Despite Two Fearful Narratives, Big Healthy Upside
• Neutral Sentiment: Broadcom said it will report fourth-quarter and fiscal 2026 results after the market closes on December 9. The date sets a potential upcoming catalyst but provides no new financial results. Broadcom earnings announcement
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation Sandbox, an open-source ecosystem development that may support its software presence but is not an immediate earnings catalyst. Broadcom contributes VM API project to CNCF
• Negative Sentiment: Risks remain: articles cited margin pressure and a sizable financing structure as concerns, while debate over data-center permitting, policy and AI infrastructure debt could weigh on the chip trade. That makes the recent recovery vulnerable if investor concerns return. Broadcom analyst outlook and risks

Broadcom Price Performance

AVGO stock opened at $319.48 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The firm has a 50 day moving average price of $346.90 and a 200-day moving average price of $366.13. Broadcom Inc. has a 52-week low of $289.77 and a 52-week high of $495.00. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 40.80 and a beta of 1.49.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly 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. The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The firm's quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 EPS. Equities research analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business 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 was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom's payout ratio is presently 33.21%.

Broadcom Company Profile

Broadcom Inc is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics.

Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.

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