Broadcom Inc. $AVGO Position Increased by GoalVest Advisory LLC

Key Points

• GoalVest Advisory increased its Broadcom position by 1,840.5% in the third quarter, acquiring 87,403 additional shares for a total holding valued at approximately $32.4 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom’s AI growth outlook is being supported by major financing arrangements, including up to $42 billion in financing tied to Anthropic’s chip and infrastructure leases. However, the deal raises concentration, credit, and demand-quality risks if Anthropic struggles to meet its obligations.
• Analysts maintain a positive view of Broadcom, with a consensus “Moderate Buy” rating and a $527.20 target price. The company recently reported quarterly revenue of $29.59 billion, up 85.5% year over year, and paid a quarterly dividend of $0.65 per share.

GoalVest Advisory LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1,840.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,152 shares of the semiconductor manufacturer's stock after purchasing an additional 87,403 shares during the quarter. Broadcom makes up approximately 1.7% of GoalVest Advisory LLC's holdings, making the stock its 11th largest holding. GoalVest Advisory LLC's holdings in Broadcom were worth $32,363,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position 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 valued at $75,367,711,000 after buying an additional 16,651,378 shares during the last quarter. Bank of America Corp DE boosted its stake in Broadcom by 4.6% in the second 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 period. Wellington Management Group LLP boosted its stake in Broadcom by 3.8% in the second 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Broadcom by 2.9% during the second 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 bought a new position in shares of Broadcom during the second quarter valued at approximately $11,998,148,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadcom

In related news, Director Gayla Delly sold 1,890 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the sale, the insider directly owned 194,989 shares of the company's stock, valued at $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 51,890 shares of company stock worth $20,241,368. Company insiders own 1.90% of the company's stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Up to $60 billion in AI financing could support chip sales. Broadcom’s banking syndicate is reportedly preparing approximately $42 billion of senior-secured debt and an additional $18 billion of junior debt to help AI customers fund infrastructure and access Broadcom chips. The arrangement could expand near-term orders and improve visibility into future AI revenue. Why Broadcom stock is gaining today?
• Positive Sentiment: Anthropic is emerging as a potentially major customer. Broadcom has agreed to provide Anthropic with up to $42 billion in financing tied to leasing chips and other AI infrastructure. The facility could cover about one-third of Anthropic’s five-year TPU commitments, potentially making Anthropic Broadcom’s largest customer next year and strengthening the company’s AI growth outlook. Broadcom to lend Anthropic up to $42 billion to lease its chips
• Neutral Sentiment: The deal highlights both demand and financing innovation. Broadcom would effectively help fund a customer’s purchases of Broadcom products, potentially creating a contracted revenue stream while enabling faster AI infrastructure deployment. Investors are likely to monitor the final terms, repayment protections and whether the financing is converted into Anthropic equity.
• Negative Sentiment: Concentration and credit risks are substantial. Anthropic reportedly has roughly $161 billion of Broadcom lease obligations and hundreds of billions of dollars in total infrastructure commitments. If Anthropic cannot meet those obligations, Broadcom could face losses, delayed cash collection or shareholder dilution. The circular nature of lending money to purchase the company’s own chips also raises concerns about the quality and sustainability of reported demand. Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AVGO. Benchmark raised their price target on Broadcom from $485.00 to $545.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. Weiss Ratings lowered Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Rothschild & Co Redburn raised their target price on Broadcom from $516.97 to $595.20 and gave the company a "buy" rating in a research note on Friday, June 5th. Erste Group Bank reissued a "hold" rating on shares of Broadcom in a report on Tuesday, July 7th. Finally, Argus upped their price target on shares of Broadcom from $425.00 to $625.00 and gave the stock a "buy" rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $527.20.

Broadcom Price Performance

AVGO stock traded up $10.86 during trading hours on Friday, hitting $354.50. 12,781,276 shares of the stock traded hands, compared to its average volume of 25,080,316. The stock has a 50-day simple moving average of $373.28 and a 200 day simple moving average of $380.85. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The company has a market cap of $1.69 trillion, a P/E ratio of 45.26 and a beta of 1.46. 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 released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.69 EPS. Equities analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced 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. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's payout ratio is 33.21%.

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 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.

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