5,703 Broadcom Inc. $AVGO Shares Sold by Eastern Bank

Key Points

• Eastern Bank reduced its Broadcom position by 1.1%, selling 5,703 shares and retaining 500,074 shares valued at approximately $175.6 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported quarterly earnings of $3.32 per share, beating estimates of $3.22, while revenue reached $29.59 billion, up 85.5% year over year. The company also declared a quarterly dividend of $0.65 per share, equivalent to a 0.7% annualized yield.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $527.20, although concerns remain over elevated valuation, customer concentration and potential financing risks tied to its reported Anthropic deal.

Eastern Bank cut its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 500,074 shares of the semiconductor manufacturer's stock after selling 5,703 shares during the period. Broadcom makes up about 2.7% of Eastern Bank's investment portfolio, making the stock its 8th largest holding. Eastern Bank's holdings in Broadcom were worth $175,621,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AVGO. Fullerton Advisors LLC lifted its position in Broadcom by 1.3% in the 1st quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer's stock valued at $616,000 after acquiring an additional 25 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co increased its holdings in shares of Broadcom by 0.5% in the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock worth $1,656,000 after purchasing an additional 25 shares in the last quarter. RFG Holdings Inc. raised its stake in shares of Broadcom by 0.3% in the first quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer's stock worth $2,631,000 after purchasing an additional 26 shares during the last quarter. Yukon Wealth Management Inc. lifted its holdings in shares of Broadcom by 1.1% during the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock valued at $774,000 after purchasing an additional 26 shares in the last quarter. Finally, NerdWallet Wealth Partners LLC lifted its holdings in shares of Broadcom by 2.6% during the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock valued at $399,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

NASDAQ:AVGO traded up $7.53 on Monday, hitting $362.67. The stock had a trading volume of 8,982,267 shares, compared to its average volume of 25,058,732. The business's 50-day simple moving average is $372.74 and its two-hundred day simple moving average is $381.07. The stock has a market cap of $1.73 trillion, a price-to-earnings ratio of 46.25 and a beta of 1.46. Broadcom Inc. has a 52-week low of $289.96 and a 52-week 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.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate 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 net margin of 42.94% and a return on equity of 48.33%. The business's quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 EPS. As a group, research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Anthropic financing supports demand visibility: Broadcom reportedly agreed to provide up to $42 billion in financing tied to Anthropic’s purchase of Broadcom chips. The arrangement could secure a major customer and support long-term AI-chip revenue, helping explain the stock’s rally. Broadcom Stock Jumps Following Reported $42 Billion Financing Deal With Anthropic
• Positive Sentiment: AI growth remains exceptionally strong: Broadcom generated $16.7 billion in AI semiconductor sales in fiscal third-quarter 2026, up 221% year over year, and expects $21.7 billion in fiscal fourth-quarter AI revenue. Analysts and commentators see additional upside if AI infrastructure spending continues into 2027 and 2028. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Positive Sentiment: Strategic positioning is favorable: Morgan Stanley said Broadcom and Nvidia may be relatively shielded from an AI-related power crunch affecting the broader chip supply chain. Broadcom’s custom-chip and networking exposure may also benefit as data centers seek alternatives to relying solely on GPUs. Nvidia, Broadcom Shielded as AI Power Crunch Hits Chip Supply Chain
• Neutral Sentiment: Relative valuation is a debate: Broadcom’s earnings and revenue growth have substantially outpaced its share-price performance, but the stock trades above its historical average valuation multiple. Investors will likely look to the next earnings report for evidence that rapid AI growth can justify the premium.
• Negative Sentiment: Anthropic deal raises financing and concentration concerns: Because Broadcom may be lending money to a customer that will use the funds to buy its products, critics describe the arrangement as potentially circular financing. Increasing reliance on a small number of large AI customers could also weaken Broadcom’s bargaining power and create repayment risk. Broadcom’s Massive $42 Billion Chip-Buying Deal with Anthropic Raises Circular Financing Worries

Wall Street Analyst Weigh In

Several research firms recently commented on AVGO. Fox Advisors upgraded Broadcom to an "outperform" rating in a report on Thursday, September 3rd. TD Cowen reaffirmed a "buy" rating and set a $475.00 price target (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Citic Securities upgraded shares of Broadcom to a "buy" rating and lifted their price target for the stock from $450.00 to $525.00 in a research note on Tuesday, September 8th. Dbs Bank raised shares of Broadcom to a "moderate buy" rating in a report on Thursday, June 18th. Finally, Rosenblatt Securities initiated coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set a "buy" rating and a $600.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and a consensus target price of $527.20.

Insider Activity at Broadcom

In other news, Director Gayla Delly sold 1,890 shares of Broadcom stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director owned 31,326 shares in the company, valued at $12,072,413.88. This trade represents a 5.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the business's stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the sale, the insider directly owned 194,989 shares of the company's stock, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 51,890 shares of company stock worth $20,241,368 over the last quarter. Insiders own 1.90% of the company's stock.

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 wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company's semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.

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