2,233 Broadcom Inc. $AVGO Shares Bought by OceanIQ Capital LLC

Key Points

• OceanIQ Capital increased its Broadcom stake by 82% in the third quarter, purchasing 2,233 additional shares for a total of 4,957 shares valued at approximately $1.77 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported stronger-than-expected quarterly results, with EPS of $3.32 and revenue of $29.59 billion, up 85.5% year over year. The company also maintains a quarterly dividend of $0.65 per share, representing a 0.8% annualized yield.
• Despite shares trading below their 50-day and 200-day moving averages, analysts remain broadly bullish, assigning the stock a “Moderate Buy” consensus rating and an average price target of $527.20.

OceanIQ Capital LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 82.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,957 shares of the semiconductor manufacturer's stock after acquiring an additional 2,233 shares during the quarter. Broadcom accounts for approximately 0.9% of OceanIQ Capital LLC's portfolio, making the stock its 23rd largest position. OceanIQ Capital LLC's holdings in Broadcom were worth $1,771,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Networth Advisors LLC grew its holdings in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 71 shares during the period. Core Capital Management & Research inc. bought a new stake in Broadcom in the second quarter valued at $31,000. Harborfront Financial Group LLC acquired a new position in shares of Broadcom during the second quarter valued at about $38,000. Align Financial LLC raised its holdings in shares of Broadcom by 67.2% during the third quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer's stock valued at $38,000 after purchasing an additional 45 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Broadcom during the second quarter valued at about $60,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Stock Down 0.1%

Shares of NASDAQ AVGO opened at $334.37 on Wednesday. The stock has a market capitalization of $1.60 trillion, a P/E ratio of 42.70 and a beta of 1.46. The company has a 50-day moving average price of $360.94 and a 200-day moving average price of $384.47. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29.

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

Broadcom Announces Dividend

The business also recently declared 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 33.21%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: 10-year NTT DOCOMO agreement: Broadcom will help NTT DOCOMO advance its private cloud using VMware Cloud Foundation. The deal supports recurring software revenue, strengthens VMware’s position in enterprise infrastructure, and could improve confidence in Broadcom’s post-acquisition software strategy. Broadcom to Advance NTT DOCOMO's Private Cloud with VMware Cloud Foundation
• Positive Sentiment: AI-chip momentum remains strong: Reports highlight Broadcom’s AI-chip sales growth of approximately 236%, with recent performance exceeding Wall Street expectations. Continued hyperscaler spending on custom silicon and networking equipment supports the company’s growth outlook. Broadcom Sees AI Chip Sales Up 236%, but Who Is Paying?
• Positive Sentiment: Semiconductor rebound thesis: Short interest in the leveraged SOXL semiconductor ETF has fallen sharply while institutional investors, including JPMorgan, have increased exposure. This suggests some investors view the sector’s sell-off as a temporary valuation reset rather than a deterioration in chip demand. Chip Stocks Are Sliding—Why Is Smart Money Buying?
• Neutral Sentiment: OpenAI fundraising highlights AI demand but benefits Nvidia more directly: OpenAI is reportedly seeking roughly $30 billion at a valuation above $1.4 trillion, while Nvidia agreed to guarantee up to $105 billion of obligations tied to an Ohio campus. The development reinforces AI infrastructure demand, but the announced financing has no direct Broadcom commitment. OpenAI Is Reportedly Raising $30 Billion. Which Chip Stock Gains the Most?
• Negative Sentiment: AI bubble and execution concerns: CEO Hock Tan’s comments comparing AI investment conditions to a “casino,” along with warnings about capital constraints, have unsettled retail investors. Broader concerns about an AI bubble and semiconductor supply bottlenecks are contributing to risk reduction across chip stocks. AI Stocks Are Flashing a Bubble-Burst Warning
• Negative Sentiment: Technical and valuation pressure persists: AVGO is trading well below its 52-week high and below both its 50-day and 200-day moving averages. With a forward growth story already reflected in a high valuation, investors may remain sensitive to any slowdown in AI orders or customer concentration concerns.

Analyst Ratings Changes

A number of research firms recently weighed in on AVGO. Rosenblatt Securities started coverage on Broadcom in a research note on Thursday, September 3rd. They set a "buy" rating and a $600.00 price target on the stock. HSBC cut their price target on Broadcom from $600.00 to $560.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. The Goldman Sachs Group raised their price objective on Broadcom from $525.00 to $540.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Jefferies Financial Group began coverage on Broadcom in a report on Thursday, September 3rd. They set a "buy" rating and a $550.00 price objective for the company. Finally, Royal Bank Of Canada assumed coverage on Broadcom in a report on Thursday, September 3rd. They set an "outperform" rating for the company. One equities 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $527.20.

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 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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