2,962 Broadcom Inc. $AVGO Shares Sold by Elevated Capital Advisors LLC

Key Points

• Elevated Capital Advisors cut its Broadcom stake by 67.6% in the third quarter, selling 2,962 shares and ending the period with 1,420 shares valued at about $499,000.
• Broadcom beat quarterly earnings and revenue expectations, reporting $3.32 per share and $29.59 billion in revenue; revenue rose 85.5% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $530.52. Investors may see AI-chip demand as a potential tailwind, though tighter U.S. export controls pose a risk.

Elevated Capital Advisors LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 67.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,420 shares of the semiconductor manufacturer's stock after selling 2,962 shares during the period. Elevated Capital Advisors LLC's holdings in Broadcom were worth $499,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Legal & General Group Plc acquired a new position in Broadcom in the second quarter worth $11,998,148,000. Bank of New York Mellon Corp bought a new stake in shares of Broadcom during the second quarter worth $10,528,191,000. Jupiter Topco LLC bought a new stake in shares of Broadcom during the second quarter worth $7,396,271,000. State Street Corp increased its stake 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 buying an additional 16,651,378 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Broadcom in the second quarter valued at $5,661,216,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Up 5.5%

NASDAQ AVGO opened at $364.36 on Friday. The stock has a fifty day moving average of $345.59 and a 200-day moving average of $366.48. The stock has a market capitalization of $1.74 trillion, a P/E ratio of 46.53 and a beta of 1.49. Broadcom Inc. has a 52 week low of $289.77 and a 52 week high of $495.00. 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 released 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 return on equity of 48.33% and a net margin of 42.94%. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The firm's quarterly revenue was up 85.5% on a year-over-year basis. On average, equities research analysts forecast that Broadcom Inc. will post 10.20 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Fox Advisors raised Broadcom to an "outperform" rating in a report on Thursday, September 3rd. Sanford C. Bernstein reissued a "buy" rating on shares of Broadcom in a report on Monday, September 21st. Morgan Stanley restated an "overweight" rating and issued a $505.00 price objective (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. DA Davidson raised shares of Broadcom from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $350.00 to $400.00 in a research note on Tuesday, October 27th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $475.00 target price (down from $500.00) on shares of Broadcom in a research note on Thursday, September 3rd. One investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $530.52.

Key Stories Impacting Broadcom

Here are a few of the latest stories about AVGO:

• Positive Sentiment: Investors are rotating toward rival chipmakers as uncertainty around Nvidia creates a potential opening for Broadcom to win more AI-chip business. Broadcom’s custom-chip focus positions it to benefit if hyperscalers expand alternatives to Nvidia’s products. Why Broadcom Stock Rallied Thursday Morning
• Positive Sentiment: Industry spending remains a supportive backdrop: analyst estimates for hyperscaler capital expenditures have risen sharply, suggesting continued investment in AI infrastructure that could underpin demand for Broadcom’s custom chips and related systems. Great News for Nvidia, Micron, Broadcom, and AMD Stock Investors
• Negative Sentiment: Potentially tighter U.S. export controls and hardware-tracking rules could add compliance costs and delay international AI deployments. Such restrictions may affect Broadcom and other semiconductor suppliers, even if demand for AI infrastructure remains strong. Midterm Fallout, NVIDIA Turmoil, Anthropic’s IPO: Is Broadcom a Steal?

Broadcom 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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