9,742 Broadcom Inc. $AVGO Shares Sold by BDF Gestion

Key Points

• BDF Gestion reduced its Broadcom position by 11.3%, selling 9,742 shares in the third quarter and retaining 76,820 shares valued at approximately $27.0 million. Institutional investors collectively own 76.43% of Broadcom.
• Analysts remain broadly bullish, with 37 Buy ratings and one Strong Buy among the firms covered; the consensus price target is $527.20, though three analysts rate the stock Hold.
• Broadcom recently exceeded quarterly expectations, reporting $3.32 in EPS and $29.59 billion in revenue, up 85.5% year over year. However, the stock trades below its moving averages amid valuation, AI-bubble, execution, and semiconductor-supply concerns.

BDF Gestion cut its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,820 shares of the semiconductor manufacturer's stock after selling 9,742 shares during the quarter. Broadcom makes up about 3.7% of BDF Gestion's holdings, making the stock its 5th biggest position. BDF Gestion's holdings in Broadcom were worth $26,978,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AVGO. Networth Advisors LLC lifted its holdings in shares of Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 71 shares during the last quarter. Core Capital Management & Research inc. acquired a new stake in shares of Broadcom in the second quarter worth $31,000. Harborfront Financial Group LLC bought a new position in Broadcom during the second quarter worth $38,000. Align Financial LLC increased its position in Broadcom by 67.2% during the third quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer's stock worth $38,000 after acquiring an additional 45 shares during the period. Finally, IMG Wealth Management Inc. acquired a new position in Broadcom during the 2nd quarter valued at $64,000. Institutional investors own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of research reports. Sanford C. Bernstein reissued a "buy" rating on shares of Broadcom in a report on Monday, September 21st. DA Davidson set a $350.00 price objective on shares of Broadcom and gave the stock a "neutral" rating in a report on Friday, September 4th. Arete Research upped their price objective on shares of Broadcom from $488.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. President Capital increased their target price on shares of Broadcom from $520.00 to $546.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Finally, Rosenblatt Securities began coverage on Broadcom in a research report on Thursday, September 3rd. They set a "buy" rating and a $600.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $527.20.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: 10-year NTT DOCOMO agreement: Broadcom will help NTT DOCOMO advance its private cloud using VMware Cloud Foundation. The deal supports recurring software revenue, strengthens VMware’s position in enterprise infrastructure, and could improve confidence in Broadcom’s post-acquisition software strategy. Broadcom to Advance NTT DOCOMO's Private Cloud with VMware Cloud Foundation
• Positive Sentiment: AI-chip momentum remains strong: Reports highlight Broadcom’s AI-chip sales growth of approximately 236%, with recent performance exceeding Wall Street expectations. Continued hyperscaler spending on custom silicon and networking equipment supports the company’s growth outlook. Broadcom Sees AI Chip Sales Up 236%, but Who Is Paying?
• Positive Sentiment: Semiconductor rebound thesis: Short interest in the leveraged SOXL semiconductor ETF has fallen sharply while institutional investors, including JPMorgan, have increased exposure. This suggests some investors view the sector’s sell-off as a temporary valuation reset rather than a deterioration in chip demand. Chip Stocks Are Sliding—Why Is Smart Money Buying?
• Neutral Sentiment: OpenAI fundraising highlights AI demand but benefits Nvidia more directly: OpenAI is reportedly seeking roughly $30 billion at a valuation above $1.4 trillion, while Nvidia agreed to guarantee up to $105 billion of obligations tied to an Ohio campus. The development reinforces AI infrastructure demand, but the announced financing has no direct Broadcom commitment. OpenAI Is Reportedly Raising $30 Billion. Which Chip Stock Gains the Most?
• Negative Sentiment: AI bubble and execution concerns: CEO Hock Tan’s comments comparing AI investment conditions to a “casino,” along with warnings about capital constraints, have unsettled retail investors. Broader concerns about an AI bubble and semiconductor supply bottlenecks are contributing to risk reduction across chip stocks. AI Stocks Are Flashing a Bubble-Burst Warning
• Negative Sentiment: Technical and valuation pressure persists: AVGO is trading well below its 52-week high and below both its 50-day and 200-day moving averages. With a forward growth story already reflected in a high valuation, investors may remain sensitive to any slowdown in AI orders or customer concentration concerns.

Broadcom Stock Down 0.1%

Shares of AVGO stock opened at $334.37 on Wednesday. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The stock has a fifty day moving average price of $360.94 and a 200 day moving average price of $384.47. The stock has a market cap of $1.60 trillion, a P/E ratio of 39.04 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 EPS. 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 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 dividend payout ratio (DPR) is currently 33.21%.

About Broadcom

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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