B & T Capital Management DBA Alpha Capital Management Sells 9,395 Shares of Broadcom Inc. $AVGO

Key Points

• Alpha Capital Management reduced its Broadcom stake by 30.6%, selling 9,395 shares and retaining 21,334 shares valued at approximately $8.1 million. Institutional investors collectively own 76.43% of Broadcom.
• Analysts remain broadly bullish, with 30 Buy ratings and four Holds; the stock has a “Moderate Buy” consensus and an average price target of $505.97.
• Broadcom exceeded quarterly earnings and revenue estimates, reporting $3.32 in EPS and $29.59 billion in revenue, up 85.5% year over year. The company also declared a quarterly dividend of $0.65 per share, implying a 0.7% yield.

B & T Capital Management DBA Alpha Capital Management decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 30.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,334 shares of the semiconductor manufacturer's stock after selling 9,395 shares during the quarter. Broadcom makes up about 1.0% of B & T Capital Management DBA Alpha Capital Management's investment portfolio, making the stock its 25th biggest holding. B & T Capital Management DBA Alpha Capital Management's holdings in Broadcom were worth $8,059,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AVGO. MidFirst Bank acquired a new stake in Broadcom in the 2nd quarter valued at $21,294,000. Paladin Partners LLC acquired a new position in shares of Broadcom during the 2nd quarter worth about $335,000. Succession Financial Inc. bought a new position in shares of Broadcom in the 2nd quarter valued at about $243,000. Dunhill Financial LLC bought a new position in shares of Broadcom in the 2nd quarter valued at about $693,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Broadcom in the 2nd quarter valued at about $38,564,000. Institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Mizuho upped their target price on Broadcom from $480.00 to $530.00 and gave the stock an "outperform" rating in a report on Thursday, June 4th. Rosenblatt Securities assumed coverage on Broadcom in a research note on Thursday, September 3rd. They issued a "buy" rating and a $600.00 price target for the company. Citigroup reaffirmed a "buy" rating and set a $515.00 price target (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. Jefferies Financial Group began coverage on Broadcom in a research note on Thursday, September 3rd. They set a "buy" rating on the stock. Finally, Bank of America increased their price objective on Broadcom from $450.00 to $530.00 and gave the company a "buy" rating in a report on Thursday, June 4th. Thirty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $505.97.

Broadcom Trading Down 1.1%

Shares of NASDAQ:AVGO opened at $364.38 on Thursday. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. 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 $1.73 trillion, a P/E ratio of 46.54 and a beta of 1.44. The company has a 50-day simple moving average of $382.99 and a 200 day simple moving average of $378.23.

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 for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The business's revenue was up 85.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.69 earnings per share. Sell-side analysts forecast that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom's payout ratio is currently 33.21%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported record AI semiconductor revenue of approximately $16.7 billion and projected that AI-related revenue could reach $230 billion by 2028. Custom AI accelerators are becoming a larger contributor to revenue and profits, supporting the long-term bullish case. Broadcom Forecasts $230 Billion in AI Semiconductor Revenue in 2028
• Positive Sentiment: The 2028 outlook has encouraged bullish analysts and investors, with some arguing that accelerating AI chip sales could eventually support a share price above $900. Cantor also raised its price target to $600, indicating substantial potential upside if Broadcom executes. Top Analyst sets jaw-dropping Broadcom stock target after earnings
• Positive Sentiment: Broadcom’s earnings call highlighted strong demand for custom AI accelerators and a multiyear customer pipeline. Increasing spending by major cloud and AI companies, including OpenAI, could expand the addressable market for Broadcom’s networking and custom silicon products. Broadcom Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Technical coverage notes that AVGO has underperformed the broader market and remains well below its 52-week high. The next important signal will be whether the stock can stabilize after the post-earnings breakdown. GOOGL, AVGO, AMD and LITE
• Negative Sentiment: Fiscal fourth-quarter revenue guidance fell short of Wall Street expectations, creating concern that near-term growth may not match the market’s aggressive AI assumptions. Truist responded by lowering its price target, even while acknowledging the stronger long-term outlook. Truist cuts Broadcom stock target
• Negative Sentiment: Some investors view the $230 billion AI forecast as increasingly expensive to justify, given AVGO’s elevated valuation and execution requirements. The stock’s reaction shows that excellent results may not be enough when expectations and future growth are already exceptionally high. Broadcom: The $230 Billion AI Dream Is Getting Expensive

Insider Buying and Selling

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of Broadcom 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 completion of the transaction, the insider directly owned 194,989 shares of the company's stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the company's 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 completion of the transaction, the director owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is owned by insiders.

About Broadcom

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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