4,851 Broadcom Inc. $AVGO Shares Bought by Parallel Advisors LLC

Key Points

• Parallel Advisors increased its Broadcom stake by 4.4%, buying 4,851 shares to hold 115,483 shares valued at about $40.6 million. Institutional investors own 76.43% of the company’s stock.
• Analysts remain broadly bullish: Broadcom has a “Moderate Buy” consensus rating and an average price target of $530.52, with 39 analysts rating it Buy.
• Broadcom’s latest reported quarter beat earnings and revenue estimates, with revenue up 85.5% year over year. Investor attention also centers on its custom AI-chip opportunities, though the article notes risks including margin pressure and AI-infrastructure concerns.

Parallel Advisors LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,483 shares of the semiconductor manufacturer's stock after buying an additional 4,851 shares during the period. Parallel Advisors LLC's holdings in Broadcom were worth $40,557,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of Broadcom in the 2nd quarter worth approximately $11,998,148,000. Bank of New York Mellon Corp purchased a new position in shares of Broadcom in the 2nd quarter valued at approximately $10,528,191,000. Jupiter Topco LLC purchased a new position in shares of Broadcom in the 2nd quarter valued at approximately $7,396,271,000. State Street Corp boosted its position in shares of Broadcom by 8.7% during 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 purchasing an additional 16,651,378 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Broadcom during the second quarter valued at approximately $5,661,216,000. 76.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AVGO shares. The Goldman Sachs Group upped their price target on Broadcom from $525.00 to $540.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Raymond James Financial reiterated an "outperform" rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. JPMorgan Chase & Co. reissued a "buy" rating on shares of Broadcom in a research report on Thursday, September 3rd. Citic Securities upgraded shares of Broadcom to a "buy" rating and boosted their target price for the company from $450.00 to $525.00 in a report on Tuesday, September 8th. Finally, Evercore set a $578.00 target price on shares of Broadcom and gave the stock an "outperform" rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and an average target price of $530.52.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: A broader recovery in AI and chip shares helped lift Broadcom after concerns about data-center expansion and AI regulation contributed to the recent sell-off. Falling oil prices also supported the wider market. Why is Broadcom stock surging?
• Positive Sentiment: Coverage of Google’s large chip-spending forecast renewed focus on Broadcom’s role in custom AI chips. Broadcom is developing custom processors that could help Google and OpenAI meet AI-computing needs beyond reliance on GPUs. The Real Winner of Google’s Chip Forecast: Broadcom
• Positive Sentiment: Several investment articles argued that Broadcom’s AI and custom-chip prospects could support substantial upside, despite its recent share-price weakness. These are bullish opinions, not company guidance. Broadcom: Despite Two Fearful Narratives, Big Healthy Upside
• Neutral Sentiment: Broadcom said it will report fourth-quarter and fiscal 2026 results after the market closes on December 9. The date sets a potential upcoming catalyst but provides no new financial results. Broadcom earnings announcement
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation Sandbox, an open-source ecosystem development that may support its software presence but is not an immediate earnings catalyst. Broadcom contributes VM API project to CNCF
• Negative Sentiment: Risks remain: articles cited margin pressure and a sizable financing structure as concerns, while debate over data-center permitting, policy and AI infrastructure debt could weigh on the chip trade. That makes the recent recovery vulnerable if investor concerns return. Broadcom analyst outlook and risks

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $319.48 on Tuesday. The company has a 50 day simple moving average of $346.90 and a two-hundred day simple moving average of $366.13. Broadcom Inc. has a fifty-two week low of $289.77 and a fifty-two week high of $495.00. The company has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 40.80 and a beta of 1.49. 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 issued its quarterly earnings results 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 firm had revenue of $29.59 billion for 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 business's revenue for the quarter was up 85.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.69 EPS. Analysts expect that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid 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 0.8%. Broadcom's payout ratio is presently 33.21%.

Broadcom Company 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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