6,287 Broadcom Inc. $AVGO Shares Bought by One Way Holdings LLC

Key Points

• One Way Holdings increased its Broadcom stake 17.8% in the third quarter, buying 6,287 shares to hold 41,669 shares valued at about $14.6 million. Institutional investors collectively own 76.43% of the stock.
• Broadcom shares were reported down 10.4%, opening at $291.53, amid concerns that AI regulation and data-center constraints could weigh on future spending. In contrast, the company’s AI semiconductor revenue exceeded its latest target, and management expects further growth next quarter.
• Analysts maintain a generally positive view: MarketBeat reported a “Moderate Buy” consensus and an average price target of $530.52. Broadcom also reported quarterly EPS and revenue above consensus estimates.

One Way Holdings LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,669 shares of the semiconductor manufacturer's stock after acquiring an additional 6,287 shares during the quarter. One Way Holdings LLC's holdings in Broadcom were worth $14,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AVGO. CKW Financial Group boosted its position in Broadcom by 55.3% during the 3rd quarter. CKW Financial Group now owns 514 shares of the semiconductor manufacturer's stock valued at $177,000 after acquiring an additional 183 shares in the last quarter. Trek Financial LLC raised its position in shares of Broadcom by 32.8% in the 3rd quarter. Trek Financial LLC now owns 17,560 shares of the semiconductor manufacturer's stock worth $6,167,000 after acquiring an additional 4,340 shares in the last quarter. True Freedom Investing LLC lifted its stake in shares of Broadcom by 4.0% during the 3rd quarter. True Freedom Investing LLC now owns 18,580 shares of the semiconductor manufacturer's stock worth $6,525,000 after purchasing an additional 715 shares during the last quarter. Woodmont Investment Counsel LLC lifted its stake in shares of Broadcom by 1.1% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 106,713 shares of the semiconductor manufacturer's stock worth $37,477,000 after purchasing an additional 1,213 shares during the last quarter. Finally, Dala Group LLC lifted its stake in shares of Broadcom by 7.4% during the 3rd quarter. Dala Group LLC now owns 714 shares of the semiconductor manufacturer's stock worth $251,000 after purchasing an additional 49 shares during the last quarter. 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’s AI semiconductor revenue reached $16.7 billion last quarter, above its $16 billion target, and management expects higher AI revenue next quarter. That outlook supports the case that demand remains strong despite concerns about competition. Article: Is Broadcom Stock a Buy Now?
• Positive Sentiment: Broadcom was included on Bank of America’s “global defenders” list, while ETFs reportedly added about $267.7 million of AVGO shares on Nov. 2—potential signs of institutional interest. Article: BofA adds TSLA, AVGO, IBM, others to its global defenders list Article: 53 ETFs Add to Broadcom Holdings
• Neutral Sentiment: Some recent commentary sees a possible turning point, arguing that the disconnect between falling shares and fast-growing AI revenue may not persist. This is an analyst view, not a confirmed catalyst. Article: Broadcom Stock Could Be Approaching a Major Turning Point
• Negative Sentiment: The immediate headwind is a broader chip-stock rout, with investors increasingly worried that AI regulation and constraints on data-center development could curb future spending. Coverage also points to a Texas permit freeze as a potential source of uncertainty for AI infrastructure demand. Article: Broadcom Sinks as AI Regulation Fears Deepen Chip Rout Article: Steve Weiss Says the Midterms Just Put a Lid on AI Spending

Broadcom Trading Down 10.4%

NASDAQ AVGO opened at $291.53 on Friday. The company has a fifty day simple moving average of $349.45 and a two-hundred day simple moving average of $366.37. The stock has a market cap of $1.39 trillion, a P/E ratio of 37.23 and a beta of 1.49. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. 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 earnings per share. On average, analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a $0.65 dividend. 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%.

Analysts Set New Price Targets

Several research firms have commented on AVGO. DA Davidson raised shares of Broadcom from a "neutral" rating to a "buy" rating and increased their price target for the company from $350.00 to $400.00 in a research report on Tuesday, October 27th. Lake Street Capital raised shares of Broadcom to a "buy" rating in a research report on Thursday, September 3rd. Arete Research boosted their price objective on shares of Broadcom from $488.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Citic Securities upgraded shares of Broadcom to a "buy" rating and boosted their price objective for the stock from $450.00 to $525.00 in a research note on Tuesday, September 8th. Finally, Morgan Stanley reissued an "overweight" rating and set a $505.00 target price (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Broadcom presently has an average rating of "Moderate Buy" and an average target price of $530.52.

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 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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