3,926 Broadcom Inc. $AVGO Shares Sold by Fulcrum Wealth Advisors LLC

Key Points

• Fulcrum Wealth Advisors reduced its Broadcom stake by 47.5% in the third quarter, selling 3,926 shares and retaining 4,333 shares valued at approximately $1.52 million.
• Institutional ownership remains substantial at 76.43%, with several investors adding to or initiating positions in Broadcom during the second and third quarters.
• Broadcom exceeded quarterly earnings and revenue estimates, reporting $3.32 in EPS and $29.59 billion in revenue, while analysts maintain a consensus “Moderate Buy” rating with a $527.20 price target.

Fulcrum Wealth Advisors LLC cut its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 47.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,333 shares of the semiconductor manufacturer's stock after selling 3,926 shares during the period. Broadcom comprises approximately 1.0% of Fulcrum Wealth Advisors LLC's portfolio, making the stock its 24th largest position. Fulcrum Wealth Advisors LLC's holdings in Broadcom were worth $1,522,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AVGO. Cornerstone Advisors LLC bought a new stake in Broadcom in the second quarter valued at approximately $92,522,000. GAMMA Investing LLC grew its holdings in shares of Broadcom by 8.8% in the third quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer's stock worth $55,889,000 after purchasing an additional 13,317 shares during the last quarter. ANB Bank bought a new position in shares of Broadcom in the third quarter worth approximately $1,181,000. Bank of America Corp DE increased its stake in shares of Broadcom by 1.5% in the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock worth $18,179,719,000 after buying an additional 894,564 shares during the period. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Broadcom in the second quarter worth $3,302,000. Institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

AVGO opened at $334.59 on Tuesday. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. The stock has a market capitalization of $1.60 trillion, a PE ratio of 42.73 and a beta of 1.46. The stock's 50 day moving average price is $362.57 and its 200-day moving average price is $384.32. 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 announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The business had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter last year, the firm posted $1.69 earnings per share. The company's revenue for the quarter was up 85.5% on a year-over-year basis. On average, equities research analysts predict that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders 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 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's payout ratio is 33.21%.

Analyst Ratings Changes

Several brokerages have weighed in on AVGO. Wall Street Zen cut shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Bank of America cut their price target on shares of Broadcom from $530.00 to $460.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Raymond James Financial restated an "outperform" rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a research report on Thursday, September 3rd. Piper Sandler began coverage on shares of Broadcom in a research note on Wednesday, September 9th. They set an "overweight" rating and a $460.00 price objective for the company. Finally, Rosenblatt Securities started coverage on shares of Broadcom in a report on Thursday, September 3rd. They set a "buy" rating and a $600.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $527.20.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom benefited from renewed optimism around custom silicon after analysts characterized a reported delay to Alphabet’s next TPU generation as manageable for its chip partners. The view supports expectations that hyperscaler demand for Broadcom’s AI accelerators and networking products remains strong. Marvell and Broadcom AI-chip demand article
• Positive Sentiment: Several reports argue that Broadcom is positioned to capture a growing share of the custom-chip market as cloud providers build AI infrastructure. Analysts cited in recent coverage see substantial upside after the stock’s underperformance over the past six months. Broadcom analyst upside article
• Positive Sentiment: Institutional investors appear to be treating the semiconductor pullback as a buying opportunity rather than evidence of weakening fundamentals. Broadcom is included among the chipmakers supported by ongoing hyperscaler capital spending and the broader AI hardware cycle. Chip stocks institutional buying article
• Neutral Sentiment: Broadcom and other companies objected to OKX-ICE listing tokenized versions of their shares. The dispute could create legal or investor-relations complications, but it does not currently change Broadcom’s operating outlook. Tokenized Broadcom shares article
• Negative Sentiment: Broadcom’s CEO warned that AI demand could eventually face a financing and return-on-investment constraint, even if computing demand exceeds supply through 2029 or 2030. The comments highlight the risk that customers may slow spending if AI infrastructure economics deteriorate. Broadcom CEO AI-demand risks article
• Negative Sentiment: Technical coverage described the rebound as vulnerable to a “dead cat bounce,” with a developing death-cross pattern and continuing concerns about elevated valuation after the stock’s decline from its high. Broadcom technical rebound article

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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