5,938 Broadcom Inc. $AVGO Shares Purchased by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,212 shares of the semiconductor manufacturer's stock after purchasing an additional 5,938 shares during the quarter. Broadcom accounts for 0.8% of AlphaStar Capital Management LLC's investment portfolio, making the stock its 24th biggest holding. AlphaStar Capital Management LLC's holdings in Broadcom were worth $13,068,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock worth $75,367,711,000 after buying an additional 16,651,378 shares during the last quarter. Bank of America Corp DE grew its stake in Broadcom by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer's stock valued at $23,202,543,000 after acquiring an additional 2,685,916 shares during the last quarter. Wellington Management Group LLP grew its stake in Broadcom by 3.8% in the 2nd quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer's stock valued at $19,484,611,000 after acquiring an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Broadcom by 2.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer's stock valued at $15,178,195,000 after acquiring an additional 1,140,598 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Broadcom during the 2nd quarter valued at about $11,998,148,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom News Roundup

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 Trading Up 1.8%

Shares of AVGO opened at $334.59 on Tuesday. The stock has a fifty day moving average of $362.57 and a two-hundred day moving average of $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. The company has a market capitalization of $1.60 trillion, a PE ratio of 42.73 and a beta of 1.46. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the company posted $1.69 EPS. The business's revenue for the quarter was up 85.5% compared to the same quarter last year. As a group, analysts forecast that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given 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 0.8%. Broadcom's dividend payout ratio is 33.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citic Securities upgraded shares of Broadcom to a "buy" rating and lifted their target price for the stock from $450.00 to $525.00 in a research report on Tuesday, September 8th. Royal Bank Of Canada initiated coverage on Broadcom in a research note on Thursday, September 3rd. They issued an "outperform" rating on the stock. Lake Street Capital raised Broadcom to a "buy" rating in a research note on Thursday, September 3rd. TD Cowen reiterated a "buy" rating and set a $475.00 target price (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Finally, Erste Group Bank reissued a "hold" rating on shares of Broadcom in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $527.20.

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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