2,046 Broadcom Inc. $AVGO Shares Acquired by PFW Advisors LLC

Key Points

• PFW Advisors increased its Broadcom stake by 34.2%, acquiring 2,046 shares to hold 8,036 shares valued at approximately $2.82 million. Institutional investors collectively own 76.43% of AVGO.
• Broadcom reported quarterly revenue of $29.59 billion and EPS of $3.32, exceeding analyst estimates, while revenue grew 85.5% year over year. The stock recently traded near $373.55, down 0.6%.
• Analysts maintain a broadly bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $527.20, though concerns remain about high valuation, hyperscaler dependence and whether AI growth is already priced in.

PFW Advisors LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 34.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,036 shares of the semiconductor manufacturer's stock after acquiring an additional 2,046 shares during the quarter. Broadcom makes up approximately 0.8% of PFW Advisors LLC's portfolio, making the stock its 24th largest holding. PFW Advisors LLC's holdings in Broadcom were worth $2,822,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp raised its position in shares of Broadcom by 8.7% in the second 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. Bank of America Corp DE grew its position in Broadcom by 4.6% during the second 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 in the last quarter. Wellington Management Group LLP lifted its position in Broadcom by 3.8% in the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer's stock worth $19,484,611,000 after purchasing an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 during the period. Finally, Legal & General Group Plc acquired a new stake in Broadcom during the second quarter valued at approximately $11,998,148,000. 76.43% of the stock is owned by institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI revenue reportedly grew 221% year over year, reinforcing its position as a leading supplier of custom AI accelerators and networking equipment. Analysts argue that custom chips could become a larger and more durable opportunity than general-purpose GPUs as hyperscalers seek improved power efficiency and workload optimization. Broadcom's AI Revenue Is Growing at 221%
• Positive Sentiment: Marvell Technology’s ambitious custom-AI-chip outlook is a positive read-through for Broadcom, which competes for hyperscaler ASIC and networking projects. Marvell’s investor-day targets and emphasis on custom silicon helped lift sentiment across the segment. Marvell Rallies as Custom AI Silicon Gains Attention
• Positive Sentiment: Unusually heavy call-option activity, a reported $13 million Broadcom purchase by Cathie Wood, and bullish comparisons with Nvidia indicate continued institutional and retail interest in AVGO’s AI growth prospects. Cathie Wood Just Bought Broadcom Stock
• Neutral Sentiment: Morgan Stanley believes Broadcom and Nvidia may be relatively protected from a potential U.S. data-center power shortage, although constrained electricity could still slow the broader AI infrastructure buildout. Nvidia and Broadcom May Be Protected From AI Power Shortage
• Negative Sentiment: Investor skepticism remains the main overhang: some coverage questions whether strong AI results are already priced in and highlights concerns about circular financing linked to Anthropic, hyperscaler dependence and the stock’s tendency to disappoint after earnings beats. These risks help explain why AVGO has not been consistently rewarded for its operating performance. Broadcom: When The Story And The Stock Disagree

Insider Activity

In other news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the sale, the insider owned 194,989 shares of the company's stock, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of several recent analyst reports. DA Davidson set a $350.00 target price on shares of Broadcom and gave the company a "neutral" rating in a research note on Friday, September 4th. The Goldman Sachs Group boosted their price objective on shares of Broadcom from $525.00 to $540.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Dbs Bank upgraded shares of Broadcom to a "moderate buy" rating in a research report on Thursday, June 18th. BNP Paribas Exane raised their price target on Broadcom from $675.00 to $715.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. Finally, Piper Sandler assumed coverage on shares of Broadcom in a research note on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has a consensus rating of "Moderate Buy" and an average target price of $527.20.

Broadcom Stock Down 0.6%

Shares of NASDAQ AVGO traded down $2.27 during mid-day trading on Wednesday, hitting $373.55. The company had a trading volume of 8,250,483 shares, compared to its average volume of 25,066,063. The company has a market capitalization of $1.78 trillion, a PE ratio of 47.73 and a beta of 1.46. The firm has a 50-day simple moving average of $372.22 and a two-hundred day simple moving average of $381.78. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00.

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

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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 dividend yield of 0.7%. Broadcom's dividend payout ratio is currently 33.21%.

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 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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