4,402 Broadcom Inc. $AVGO Shares Acquired by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 68.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,846 shares of the semiconductor manufacturer's stock after acquiring an additional 4,402 shares during the quarter. Broadcom makes up approximately 2.1% of Collaborative Fund Advisors LLC's holdings, making the stock its 6th largest holding. Collaborative Fund Advisors LLC's holdings in Broadcom were worth $3,809,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AVGO. Bfsg LLC grew its stake in shares of Broadcom by 63.5% during the third quarter. Bfsg LLC now owns 479 shares of the semiconductor manufacturer's stock valued at $168,000 after purchasing an additional 186 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of Broadcom by 22.5% in the third quarter. Boston Trust Walden Corp now owns 132,199 shares of the semiconductor manufacturer's stock valued at $46,427,000 after purchasing an additional 24,251 shares in the last quarter. DeLarme Wealth Management Inc. increased its holdings in shares of Broadcom by 2.0% in the third quarter. DeLarme Wealth Management Inc. now owns 1,567 shares of the semiconductor manufacturer's stock valued at $550,000 after purchasing an additional 31 shares in the last quarter. Clear Point Advisors Inc. raised its position in Broadcom by 14.4% in the 3rd quarter. Clear Point Advisors Inc. now owns 717 shares of the semiconductor manufacturer's stock worth $252,000 after purchasing an additional 90 shares during the last quarter. Finally, Northeast Investment Management lifted its holdings in Broadcom by 0.7% during the 3rd quarter. Northeast Investment Management now owns 6,178 shares of the semiconductor manufacturer's stock worth $2,170,000 after buying an additional 40 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Up 0.7%

NASDAQ:AVGO opened at $293.69 on Friday. Broadcom Inc. has a 12-month low of $289.77 and a 12-month high of $495.00. 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 firm has a market capitalization of $1.40 trillion, a P/E ratio of 37.51 and a beta of 1.49. The stock's fifty day simple moving average is $347.89 and its 200-day simple moving average is $366.17.

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, topping analysts' consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The firm's quarterly revenue was up 85.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 earnings per share. Equities research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.9%. Broadcom's dividend payout ratio (DPR) is 33.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Truist Financial lowered their target price on Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Wall Street Zen lowered Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Raymond James Financial reaffirmed an "outperform" rating and set a $475.00 price target (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. Fox Advisors upgraded Broadcom to an "outperform" rating in a report on Thursday, September 3rd. Finally, UBS Group lowered Broadcom from a "hold" rating to a "neutral" rating in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $530.52.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI semiconductor revenue is surging, and management sees significant growth potential over the next several years. One analysis argues that the market may not yet reflect that opportunity; another estimates the shares could be undervalued. Prediction: November Will Be a Huge Month for Broadcom Broadcom Stock Could Be 37% Undervalued
• Neutral Sentiment: Some coverage frames the recent pullback as a potential turning point, with a widening gap between AI business growth and the share-price trend. Whether fundamentals prompt a recovery remains uncertain. Broadcom Stock Could Be Approaching a Major Turning Point
• Negative Sentiment: Near-term risks include the broad AI-chip selloff and worries that higher interest rates could curb AI spending. Potential limits on new data-center permits in some states add uncertainty about future infrastructure buildouts. Broadcom’s AI Revenue Is Exploding. Here’s What Investors Should Watch Next. Broadcom Drops Amid Broad Chip Selloff
• Negative Sentiment: Investor positioning has also weighed on sentiment: ARK sold a large Broadcom holding during the selloff while buying Nvidia. Broadcom is still down sharply over the past month, despite the recent lift. ARK Buys Nvidia and Sells Broadcom Broadcom Is Still Down 22% in the Past Month

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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