313,171 Broadcom Inc. $AVGO Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd Zurich increased its Broadcom stake by 10.5%, buying 313,171 shares in the third quarter. It held 3.29 million shares worth about $1.16 billion at period-end, representing 3% of its portfolio.
• Broadcom reported quarterly revenue of $29.59 billion and EPS of $3.32, both above analyst expectations; its AI semiconductor revenue also exceeded management’s target, with higher AI revenue expected next quarter.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $530.52, though some firms recently downgraded the shares or flagged valuation risks.

Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,294,961 shares of the semiconductor manufacturer's stock after purchasing an additional 313,171 shares during the period. Broadcom accounts for 3.0% of Bank Julius Baer & Co. Ltd Zurich's portfolio, making the stock its 7th largest holding. Bank Julius Baer & Co. Ltd Zurich owned 0.07% of Broadcom worth $1,159,139,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Pinkerton Wealth LLC boosted its position in Broadcom by 2.0% during the third quarter. Pinkerton Wealth LLC now owns 19,366 shares of the semiconductor manufacturer's stock worth $6,801,000 after purchasing an additional 378 shares during the period. Virtue Capital Management LLC increased its holdings in shares of Broadcom by 2.3% in the third quarter. Virtue Capital Management LLC now owns 11,996 shares of the semiconductor manufacturer's stock valued at $4,213,000 after purchasing an additional 266 shares during the last quarter. Columbia Bank raised its position in shares of Broadcom by 32.5% in the third quarter. Columbia Bank now owns 9,415 shares of the semiconductor manufacturer's stock valued at $3,306,000 after purchasing an additional 2,311 shares during the period. Wealth Advisors Northwest LLC raised its position in shares of Broadcom by 23.0% in the third quarter. Wealth Advisors Northwest LLC now owns 2,469 shares of the semiconductor manufacturer's stock valued at $867,000 after purchasing an additional 461 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Broadcom in the third quarter valued at about $1,390,040,000. 76.43% of the stock is owned by institutional investors.

Key Headlines Impacting 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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AVGO. William Blair cut shares of Broadcom from an "outperform" rating to a "market perform" rating in a research note on Tuesday, October 27th. UBS Group lowered shares of Broadcom from a "hold" rating to a "neutral" rating in a research note on Tuesday, October 27th. Wall Street Zen cut shares of Broadcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Citic Securities upgraded shares of Broadcom to a "buy" rating and raised their price objective for the stock from $450.00 to $525.00 in a research report on Tuesday, September 8th. Finally, BNP Paribas Exane boosted their price objective on Broadcom from $675.00 to $715.00 and gave the stock an "outperform" rating in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $530.52.

Broadcom Stock Performance

NASDAQ AVGO opened at $325.60 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.55 trillion, a P/E ratio of 41.58 and a beta of 1.49. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The firm has a 50-day moving average price of $350.73 and a two-hundred day moving average price of $366.67.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $29.24 billion. During the same period last year, the firm earned $1.69 earnings per share. The business's revenue for the quarter was up 85.5% on a year-over-year basis. Analysts anticipate that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared 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 of this dividend was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom's dividend payout ratio 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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