6,224 Broadcom Inc. $AVGO Shares Bought by Avior Wealth Management LLC

Key Points

• Avior Wealth Management increased its Broadcom position by 18% in the third quarter, purchasing 6,224 shares for a total of 40,827 shares valued at approximately $14.3 million.
• Institutional ownership remains high at 76.43%, while analysts maintain a favorable outlook with a consensus “Moderate Buy” rating and an average price target of $527.20.
• Broadcom reported quarterly revenue of $29.59 billion, up 85.5% year over year, and beat earnings estimates; however, concerns about AI financing constraints, valuation, and customer concentration continue to weigh on the stock.

Avior Wealth Management LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 18.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,827 shares of the semiconductor manufacturer's stock after buying an additional 6,224 shares during the quarter. Avior Wealth Management LLC's holdings in Broadcom were worth $14,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AVGO. State Street Corp boosted its holdings 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 worth $75,367,711,000 after purchasing an additional 16,651,378 shares during the period. Bank of America Corp DE increased its holdings in Broadcom by 4.6% during 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 purchasing an additional 2,685,916 shares during the period. Wellington Management Group LLP raised its position in Broadcom by 3.8% during 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 purchasing an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Broadcom by 2.9% during 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 purchasing an additional 1,140,598 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Broadcom in the 2nd quarter worth approximately $11,998,148,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AVGO. Arete Research lifted their price objective on Broadcom from $488.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. DA Davidson set a $350.00 target price on Broadcom and gave the company a "neutral" rating in a report on Friday, September 4th. JPMorgan Chase & Co. reissued a "buy" rating on shares of Broadcom in a research report on Thursday, September 3rd. BMO Capital Markets lifted their target price on shares of Broadcom from $455.00 to $575.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Finally, Dbs Bank upgraded shares of Broadcom to a "moderate buy" rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $527.20.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a key bullish argument. Unlike Nvidia, the company focuses on custom AI accelerators, networking and connectivity rather than general-market GPUs, with reports citing multiyear hyperscaler contracts and rapidly growing AI revenue. Broadcom Is Building an AI Business Unlike Nvidia's Broadcom’s AI Revenue Is Tripling
• Positive Sentiment: Broadcom is also highlighted as an AI-exposure stock that pays a dividend, potentially appealing to investors seeking both participation in data-center expansion and shareholder income. 3 Dividend Paying Stocks Offering AI Exposure
• Neutral Sentiment: Analysts and investors continue to closely monitor AVGO because of its AI exposure, but current coverage largely reiterates existing growth expectations rather than introducing a major new catalyst. What to Know Beyond Why Broadcom Is a Trending Stock
• Negative Sentiment: Broadcom CEO Hock Tan warned that access to capital—not memory chips—could become the biggest bottleneck for the AI buildout. Higher financing costs or limited funding could slow hyperscaler data-center spending and reduce demand visibility across the sector. Capital Crunch Could Become AI’s Biggest Bottleneck
• Negative Sentiment: The broader AI selloff following concerns about OpenAI’s lower-than-reported annualized revenue also weighed on Broadcom, reinforcing fears that AI spending and valuations may be ahead of near-term fundamentals. Nvidia vs. Broadcom After the OpenAI Scare
• Negative Sentiment: Commentary on Broadcom’s large financing commitments, including a reported $42 billion arrangement tied to Anthropic, has raised questions about leverage, customer concentration and dependence on a successful future AI IPO. Broadcom’s $42 Billion Loan to Anthropic

Broadcom Trading Down 1.9%

NASDAQ:AVGO opened at $354.73 on Tuesday. The firm has a market capitalization of $1.69 trillion, a P/E ratio of 45.30 and a beta of 1.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The company's 50-day simple moving average is $370.49 and its 200 day simple moving average is $383.05.

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

Broadcom Announces Dividend

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 0.7%. Broadcom's payout ratio is presently 33.21%.

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.