1,924 Broadcom Inc. $AVGO Shares Sold by Ayrshire Capital Management LLC

Key Points

• Ayrshire Capital Management reduced its Broadcom position by 11%, selling 1,924 shares in the third quarter and retaining 15,618 shares valued at approximately $5.5 million.
• Broadcom reported quarterly earnings of $3.32 per share, exceeding estimates, while revenue rose 85.5% year over year to $29.59 billion. Institutional investors own 76.43% of the company’s outstanding shares.
• Broadcom’s stock opened at $337.80, and the company declared a quarterly dividend of $0.65 per share. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $527.20.

Ayrshire Capital Management LLC cut its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,618 shares of the semiconductor manufacturer's stock after selling 1,924 shares during the quarter. Broadcom comprises 2.6% of Ayrshire Capital Management LLC's portfolio, making the stock its 23rd biggest position. Ayrshire Capital Management LLC's holdings in Broadcom were worth $5,485,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cornerstone Advisors LLC bought a new stake in Broadcom during the 2nd quarter valued at $92,522,000. GAMMA Investing LLC boosted its position in Broadcom by 8.8% during the 3rd quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer's stock worth $55,889,000 after acquiring an additional 13,317 shares during the period. ANB Bank acquired a new position in Broadcom during the 3rd quarter worth $1,181,000. Bank of America Corp DE grew its stake in shares of Broadcom by 1.5% in the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock worth $18,179,719,000 after purchasing an additional 894,564 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Broadcom in the second quarter worth $3,302,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Stock Up 1.0%

Shares of AVGO stock opened at $337.80 on Thursday. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The stock has a market cap of $1.61 trillion, a PE ratio of 39.02 and a beta of 1.46. The business's fifty day moving average is $359.37 and its 200-day moving average is $384.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The business had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The company's revenue was up 85.5% on a year-over-year basis. Equities analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is 33.21%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom launched Arcot Scam Defense, a feature designed to help financial institutions block AI-enhanced social-engineering fraud in card-not-present transactions. The product could strengthen Broadcom’s infrastructure-software portfolio and create additional enterprise demand. Broadcom Launches Arcot Scam Defense to Block Social Engineering Fraud
• Positive Sentiment: Broadcom’s 10-year agreement with NTT DOCOMO to advance the telecommunications company’s private cloud using VMware Cloud Foundation reinforces the durability of its recurring software revenue and enterprise-cloud strategy. Broadcom to Advance NTT DOCOMO's Private Cloud with VMware Cloud Foundation
• Positive Sentiment: Several analyses continue to highlight Broadcom as a leading beneficiary of custom AI-chip and networking demand. One report cited a 236% increase in AI-chip sales, while investors view its combination of custom silicon, AI networking and infrastructure software as a potential alternative to Nvidia. Broadcom Sees AI Chip Sales Up 236%
• Neutral Sentiment: Commentary comparing Broadcom with Apple and other semiconductor stocks presents AVGO as a long-term AI and infrastructure-software opportunity, but emphasizes that the investment case depends on sustained customer spending and execution. Apple vs. Broadcom: Which Tech Stock Is a Better Buy in 2026?
• Negative Sentiment: Semiconductor shares have pulled back amid interest-rate concerns, worries that AI infrastructure spending may be excessive, and broader warnings of a possible AI-stock bubble. Broadcom CEO Hock Tan’s comments comparing AI spending with a “casino” and warning about capital constraints have also unsettled some investors. Chip Stocks Have Pulled Back

Analysts Set New Price Targets

AVGO has been the topic of a number of research analyst reports. Wall Street Zen lowered Broadcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Piper Sandler started coverage on shares of Broadcom in a report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 price objective for the company. DA Davidson set a $350.00 target price on shares of Broadcom and gave the company a "neutral" rating in a research report on Friday, September 4th. KeyCorp reissued an "overweight" rating and set a $575.00 target price on shares of Broadcom in a research note on Thursday, September 3rd. Finally, UBS Group cut shares of Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $527.20.

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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