Broadcom Inc. $AVGO Position Trimmed by Guyasuta Investment Advisors Inc.

Key Points

• Guyasuta Investment Advisors reduced its Broadcom stake by 11.2% in the third quarter, selling 1,531 shares and retaining 12,129 shares worth approximately $4.26 million.
• Institutional interest remains substantial: other investors increased or initiated positions, and hedge funds and institutions collectively own 76.43% of Broadcom’s shares.
• Broadcom’s AI-driven growth outlook remains strong, supported by demand for custom chips and networking, though CEO Hock Tan warned that rising financing costs and speculative AI investment could slow expansion.

Guyasuta Investment Advisors Inc. reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,129 shares of the semiconductor manufacturer's stock after selling 1,531 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in Broadcom were worth $4,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Advisors LLC purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $92,522,000. GAMMA Investing LLC increased its holdings in shares of Broadcom by 8.8% during the 3rd quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer's stock worth $55,889,000 after buying an additional 13,317 shares during the last quarter. ANB Bank acquired a new stake in shares of Broadcom during the 3rd quarter worth about $1,181,000. Bank of America Corp DE raised its stake in shares of Broadcom by 1.5% in the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock valued at $18,179,719,000 after acquiring an additional 894,564 shares during the period. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of Broadcom in the 2nd quarter valued at $3,302,000. 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 long-term AI opportunity remains attractive because hyperscalers and companies including OpenAI, Anthropic, Alphabet and Meta are adopting custom-designed chips and high-speed networking as alternatives to Nvidia GPUs. Analysts and investors continue to view Broadcom’s combination of custom silicon, networking and infrastructure software as a potential long-term growth engine. Will Broadcom Rejoin the $2 Trillion Club in 2027?
• Positive Sentiment: Erste Group raised its FY2027 earnings forecast for Broadcom, while roughly $121.5 million of net ETF purchases on Oct. 14 indicate that some institutional investors continue to add exposure. Broadcom FY2027 Earnings Forecast Raised by Erste Group Bank
• Neutral Sentiment: Broadcom’s reported plan to arrange $60 billion in financing connected to Anthropic could expand its AI relationship and customer opportunity, but it also increases the financial stakes and execution risk of the company’s AI strategy. Broadcom’s Anthropic Bet Gets Bigger
• Neutral Sentiment: Broadcom and CoreWeave rejected tokenized shares offered through the OKX/ICE venue, limiting a potential new trading channel but signaling caution around digital representations of public-company stock. CoreWeave, Broadcom Reject Tokenized Shares
• Negative Sentiment: CEO Hock Tan warned that rising financing costs and speculative, “casino-like” AI investing could slow expansion. His comments raise concerns that AI customers may reduce capital spending or struggle to turn heavy infrastructure investments into profits, weighing particularly on custom-AI-chip suppliers. Broadcom Falls as AI Capital Warning Weighs
• Negative Sentiment: Higher-than-expected inflation and expectations for higher interest rates are prompting investors to rotate away from expensive technology and AI stocks. A Gartner warning that many neocloud companies could fail or consolidate by 2030 has intensified fears of an AI infrastructure spending mismatch. MarketBeat Week in Review
• Negative Sentiment: Reports that Apple may cut iPhone 18 Pro component orders create an additional demand concern for suppliers, although Broadcom’s exposure and potential impact appear less direct than for some peers. Apple Cut iPhone 18 Orders

Broadcom Stock Performance

NASDAQ AVGO opened at $328.75 on Friday. The business's 50-day moving average price is $364.33 and its 200 day moving average price is $383.51. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The company has a market capitalization of $1.57 trillion, a PE ratio of 41.99 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 posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The company had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. During the same quarter in the previous year, the business earned $1.69 EPS. The firm's revenue was up 85.5% on a year-over-year basis. On average, research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The business 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 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%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Lake Street Capital upgraded Broadcom to a "buy" rating in a report on Thursday, September 3rd. BMO Capital Markets upped their price target on Broadcom from $455.00 to $575.00 and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Rosenblatt Securities initiated coverage on shares of Broadcom in a research report on Thursday, September 3rd. They issued a "buy" rating and a $600.00 price objective on the stock. Evercore set a $578.00 price target on shares of Broadcom and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Finally, Citic Securities raised shares of Broadcom to a "buy" rating and boosted their price objective for the stock from $450.00 to $525.00 in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $527.20.

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.