4,209 Shares of Broadcom Inc. $AVGO Bought by TSG Advice Partners LLC

Key Points

• TSG Advice Partners opened a Broadcom position, buying 4,209 shares worth about $1.59 million in the third quarter. Institutional investors and hedge funds own 76.43% of the stock.
• Broadcom shares were reported down 10.4%, opening at $291.53, near their 12-month low of $289.96 and well below the 12-month high of $495.
• Recent quarterly results beat estimates, with EPS of $3.32 and revenue of $29.59 billion, up 85.5% year over year. Analysts’ average price target was $530.52, though the article also cites concerns about AI spending and chip-sector headwinds.

TSG Advice Partners LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,209 shares of the semiconductor manufacturer's stock, valued at approximately $1,590,000.

A number of other institutional investors have also added to or reduced their stakes in AVGO. Core Capital Management & Research inc. bought a new position in shares of Broadcom in the 2nd quarter worth $31,000. Harborfront Financial Group LLC acquired a new stake in Broadcom in the 2nd quarter valued at $38,000. DecisionPoint Financial LLC grew its position in Broadcom by 101.9% in the 3rd quarter. DecisionPoint Financial LLC now owns 105 shares of the semiconductor manufacturer's stock valued at $36,000 after purchasing an additional 53 shares during the period. Align Financial LLC raised its holdings in Broadcom by 67.2% during the third quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 45 shares during the last quarter. Finally, Curry Webb Wealth Management LLC bought a new position in shares of Broadcom in the third quarter valued at $41,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Down 10.4%

NASDAQ AVGO opened at $291.53 on Friday. The firm has a market capitalization of $1.39 trillion, a P/E ratio of 37.23 and a beta of 1.49. The business has a fifty day simple moving average of $349.45 and a 200 day simple moving average of $366.37. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. 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 (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm's revenue for the quarter was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.69 earnings per share. On average, analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

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 0.9%. Broadcom's payout ratio is 33.21%.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of analyst reports. Arete Research lifted their price objective on shares of Broadcom from $488.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. KeyCorp reissued an "overweight" rating and set a $575.00 target price on shares of Broadcom in a research report on Thursday, September 3rd. Wall Street Zen lowered shares of Broadcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Jefferies Financial Group started coverage on shares of Broadcom in a research report on Thursday, September 3rd. They issued a "buy" rating and a $550.00 price target on the stock. Finally, UBS Group cut shares of Broadcom from a "hold" rating to a "neutral" rating in a research report on Tuesday, October 27th. 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 company's stock. According to MarketBeat, Broadcom presently has an average rating of "Moderate Buy" and an average target price of $530.52.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI semiconductor revenue reached $16.7 billion last quarter, above its $16 billion target, and management expects higher AI revenue next quarter. That outlook supports the case that demand remains strong despite concerns about competition. Article: Is Broadcom Stock a Buy Now?
• Positive Sentiment: Broadcom was included on Bank of America’s “global defenders” list, while ETFs reportedly added about $267.7 million of AVGO shares on Nov. 2—potential signs of institutional interest. Article: BofA adds TSLA, AVGO, IBM, others to its global defenders list Article: 53 ETFs Add to Broadcom Holdings
• Neutral Sentiment: Some recent commentary sees a possible turning point, arguing that the disconnect between falling shares and fast-growing AI revenue may not persist. This is an analyst view, not a confirmed catalyst. Article: Broadcom Stock Could Be Approaching a Major Turning Point
• Negative Sentiment: The immediate headwind is a broader chip-stock rout, with investors increasingly worried that AI regulation and constraints on data-center development could curb future spending. Coverage also points to a Texas permit freeze as a potential source of uncertainty for AI infrastructure demand. Article: Broadcom Sinks as AI Regulation Fears Deepen Chip Rout Article: Steve Weiss Says the Midterms Just Put a Lid on AI Spending

Broadcom Company 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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