Broadcom Inc. $AVGO Position Lessened by Twin Peaks Capital Ltd

Key Points

• Twin Peaks Capital cut its Broadcom stake by 62.5% in the third quarter, selling 12,500 shares and retaining 7,500 shares valued at $2.63 million. Broadcom remains 1.5% of its portfolio and its eighth-largest holding.
• Several other large investors increased their positions, and hedge funds and other institutions collectively own 76.43% of Broadcom’s shares.
• Broadcom’s latest reported quarterly results topped analyst expectations: EPS was $3.32 versus $3.22 forecast, and revenue was $29.59 billion versus $29.24 billion expected. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $530.52.

Twin Peaks Capital Ltd cut its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 62.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,500 shares of the semiconductor manufacturer's stock after selling 12,500 shares during the period. Broadcom accounts for 1.5% of Twin Peaks Capital Ltd's holdings, making the stock its 8th biggest position. Twin Peaks Capital Ltd's holdings in Broadcom were worth $2,634,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Broadcom by 8.7% in the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock worth $75,367,711,000 after acquiring an additional 16,651,378 shares during the period. Bank of America Corp DE boosted its stake in shares of 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 worth $23,202,543,000 after acquiring an additional 2,685,916 shares in the last quarter. Wellington Management Group LLP grew its position in shares of 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 acquiring an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 acquiring an additional 1,140,598 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Broadcom during the 2nd quarter valued at about $11,998,148,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: A broader recovery in AI and chip shares helped lift Broadcom after concerns about data-center expansion and AI regulation contributed to the recent sell-off. Falling oil prices also supported the wider market. Why is Broadcom stock surging?
• Positive Sentiment: Coverage of Google’s large chip-spending forecast renewed focus on Broadcom’s role in custom AI chips. Broadcom is developing custom processors that could help Google and OpenAI meet AI-computing needs beyond reliance on GPUs. The Real Winner of Google’s Chip Forecast: Broadcom
• Positive Sentiment: Several investment articles argued that Broadcom’s AI and custom-chip prospects could support substantial upside, despite its recent share-price weakness. These are bullish opinions, not company guidance. Broadcom: Despite Two Fearful Narratives, Big Healthy Upside
• Neutral Sentiment: Broadcom said it will report fourth-quarter and fiscal 2026 results after the market closes on December 9. The date sets a potential upcoming catalyst but provides no new financial results. Broadcom earnings announcement
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation Sandbox, an open-source ecosystem development that may support its software presence but is not an immediate earnings catalyst. Broadcom contributes VM API project to CNCF
• Negative Sentiment: Risks remain: articles cited margin pressure and a sizable financing structure as concerns, while debate over data-center permitting, policy and AI infrastructure debt could weigh on the chip trade. That makes the recent recovery vulnerable if investor concerns return. Broadcom analyst outlook and risks

Broadcom Stock Performance

AVGO opened at $319.48 on Tuesday. The firm's fifty day simple moving average is $346.90 and its two-hundred day simple moving average is $366.13. Broadcom Inc. has a 52-week low of $289.77 and a 52-week high of $495.00. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 40.80 and a beta of 1.49. The company has a quick ratio of 2.29, a current ratio of 2.50 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 during the quarter, compared to analysts' expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company's quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.69 earnings per share. Equities analysts anticipate that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared 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 of this dividend 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%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AVGO shares. Truist Financial cut their price target on Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. TD Cowen reiterated a "buy" rating and set a $475.00 price target (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. JPMorgan Chase & Co. reissued a "buy" rating on shares of Broadcom in a report on Thursday, September 3rd. The Goldman Sachs Group boosted their price objective on Broadcom from $525.00 to $540.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. Finally, Tigress Financial started coverage on Broadcom in a research note on Thursday, October 22nd. They set a "buy" rating and a $600.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $530.52.

About Broadcom

Broadcom Inc is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics.

Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.

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