26,336 Broadcom Inc. $AVGO Shares Purchased by Vise Technologies Inc.

Key Points

• Vise Technologies increased its Broadcom stake by 11.7% in the third quarter, buying 26,336 shares to reach 250,673 shares valued at $88.0 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom’s latest reported quarter beat analyst expectations, with EPS of $3.32 versus $3.22 expected and revenue of $29.59 billion; revenue grew 85.5% year over year. The article also cites strong AI-chip demand, with AI semiconductor revenue of $16.7 billion above management’s target.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $530.52. Broadcom shares opened at $325.60 and were reported down 2.0%.

Vise Technologies Inc. raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,673 shares of the semiconductor manufacturer's stock after buying an additional 26,336 shares during the period. Broadcom comprises approximately 0.7% of Vise Technologies Inc.'s investment portfolio, making the stock its 28th biggest holding. Vise Technologies Inc.'s holdings in Broadcom were worth $88,034,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AVGO. Investment Partners LTD. acquired a new stake in shares of Broadcom during the 3rd quarter worth about $643,000. Cidel Asset Management Inc. raised its holdings in Broadcom by 2.4% in the 3rd quarter. Cidel Asset Management Inc. now owns 9,065 shares of the semiconductor manufacturer's stock valued at $3,184,000 after acquiring an additional 210 shares during the period. Blue Fin Capital Inc. lifted its position in Broadcom by 2.5% during the third quarter. Blue Fin Capital Inc. now owns 41,284 shares of the semiconductor manufacturer's stock worth $14,499,000 after acquiring an additional 1,003 shares during the last quarter. Summit Global Investments boosted its holdings in shares of Broadcom by 64.0% during the third quarter. Summit Global Investments now owns 35,082 shares of the semiconductor manufacturer's stock worth $12,320,000 after acquiring an additional 13,687 shares during the period. Finally, Invera Wealth Advisors LLC boosted its holdings in shares of Broadcom by 5.7% during the third quarter. Invera Wealth Advisors LLC now owns 7,926 shares of the semiconductor manufacturer's stock worth $2,784,000 after acquiring an additional 424 shares during the period. 76.43% of the stock is owned by institutional investors.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI semiconductor revenue reached $16.7 billion, exceeding its $16 billion target, and management expects higher AI revenue next quarter. That supports the view that demand for its custom AI chips remains strong despite competition from Marvell. Article: Is Broadcom Stock a Buy Now?
• Positive Sentiment: ETFs purchased $267.7 million of Broadcom shares on Nov. 2, a sign of institutional demand, though fund flows can be short-lived and do not guarantee further gains. Article: 53 ETFs Add to Broadcom Holdings
• Neutral Sentiment: A report tied midterm-election results and a potential Texas permit freeze to concerns about AI data-center investment. The article does not establish a direct effect on Broadcom, but any broader slowdown in data-center construction could weigh on AI infrastructure suppliers. Article: Steve Weiss Says the Midterms Just Put a Lid on AI Spending
• Negative Sentiment: Broadcom underperformed in a rising market. Coverage describing the session offered no specific explanation, leaving the decline potentially tied to market sentiment or profit-taking rather than a disclosed change in the company’s outlook. Article: Broadcom Stock Slides as Market Rises
• Negative Sentiment: Some commentary flags valuation as a risk, while Broadcom’s custom-chip opportunity depends on customers continuing to develop their own processors. That leaves the stock vulnerable if growth expectations cool or customer plans change. Article: Taiwan Semi or Broadcom

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Tigress Financial assumed coverage on Broadcom in a research note on Thursday, October 22nd. They set a "buy" rating and a $600.00 target price on the stock. Evercore set a $578.00 price objective on shares of Broadcom and gave the company an "outperform" rating in a report on Thursday, September 3rd. Cantor Fitzgerald increased their price target on Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Broadcom in a research note on Thursday, September 3rd. Finally, Piper Sandler initiated coverage on shares of Broadcom in a research report on Wednesday, September 9th. They set an "overweight" rating and a $460.00 price objective for the company. 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, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus target price of $530.52.

Broadcom Trading Down 2.0%

AVGO opened at $325.60 on Thursday. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The company has a market cap of $1.55 trillion, a P/E ratio of 41.58 and a beta of 1.49. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The company's 50 day moving average is $350.73 and its 200-day moving average is $366.67.

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

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors 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 yield of 0.8%. Broadcom's dividend payout ratio (DPR) is currently 33.21%.

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 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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