27,912 Broadcom Inc. $AVGO Shares Sold by CenterBook Partners LP

Key Points

• CenterBook Partners cut its Broadcom stake by 40.8%, selling 27,912 shares in the third quarter and ending with 40,564 shares valued at $14.25 million.
• Institutional investors’ moves were mixed: several funds increased their holdings, and institutions collectively owned 76.43% of Broadcom’s shares.
• Broadcom beat quarterly earnings and revenue estimates, with revenue up 85.5% year over year. Investor attention also centers on its custom AI-chip opportunities, though concerns about margins and AI infrastructure spending remain.

CenterBook Partners LP decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 40.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,564 shares of the semiconductor manufacturer's stock after selling 27,912 shares during the quarter. Broadcom comprises approximately 0.6% of CenterBook Partners LP's investment portfolio, making the stock its 26th largest position. CenterBook Partners LP's holdings in Broadcom were worth $14,246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVGO. Canvas Wealth Advisors LLC increased its position in shares of Broadcom by 10.1% during the third quarter. Canvas Wealth Advisors LLC now owns 11,247 shares of the semiconductor manufacturer's stock worth $3,880,000 after buying an additional 1,029 shares during the period. Asset One Wealth Management LLC raised its stake in Broadcom by 13.8% during the third quarter. Asset One Wealth Management LLC now owns 27,351 shares of the semiconductor manufacturer's stock worth $9,606,000 after buying an additional 3,319 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Broadcom by 3.6% in the third quarter. International Assets Investment Management LLC now owns 70,921 shares of the semiconductor manufacturer's stock valued at $24,431,000 after buying an additional 2,496 shares during the period. Allegiance Financial Group Advisory Services LLC lifted its holdings in Broadcom by 32.7% in the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,494 shares of the semiconductor manufacturer's stock valued at $525,000 after buying an additional 368 shares during the period. Finally, Alta Advisers Ltd lifted its holdings in Broadcom by 86.2% in the third quarter. Alta Advisers Ltd now owns 34,036 shares of the semiconductor manufacturer's stock valued at $11,953,000 after buying an additional 15,757 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom News Summary

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 Stock Up 8.8%

Broadcom stock opened at $319.48 on Tuesday. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 40.80 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. Broadcom Inc. has a 1-year low of $289.77 and a 1-year high of $495.00. The firm's fifty day moving average price is $346.90 and its two-hundred day moving average price is $366.13.

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

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued 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 payout ratio is 33.21%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Lake Street Capital upgraded Broadcom to a "buy" rating in a report on Thursday, September 3rd. Rosenblatt Securities reissued a "buy" rating and issued a $600.00 price objective on shares of Broadcom in a research note on Tuesday, October 27th. Citigroup lowered Broadcom from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 27th. KeyCorp restated an "overweight" rating and set a $575.00 target price on shares of Broadcom in a research report on Thursday, September 3rd. Finally, HC Wainwright began coverage on Broadcom in a report on Tuesday, October 27th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $530.52.

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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