Broadcom Inc. $AVGO Shares Acquired by Gradient Investments LLC

Key Points

• Gradient Investments increased its Broadcom stake by 9.1% in the third quarter, owning 224,134 shares valued at approximately $78.7 million. Institutional investors collectively hold 76.43% of AVGO shares.
• Analysts remain broadly bullish, with 37 Buy, one Strong Buy, and three Hold ratings; the consensus is “Moderate Buy” with an average price target of $527.20.
• Broadcom recently reported quarterly EPS of $3.32 and revenue of $29.59 billion, with revenue rising 85.5% year over year. Shares traded at $362.11, while the company maintained a quarterly dividend of $0.65 per share.

Gradient Investments LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,134 shares of the semiconductor manufacturer's stock after acquiring an additional 18,735 shares during the quarter. Broadcom comprises approximately 1.1% of Gradient Investments LLC's portfolio, making the stock its 17th largest holding. Gradient Investments LLC's holdings in Broadcom were worth $78,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Avidian Wealth Enterprises LLC raised its stake in Broadcom by 3.3% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 66,179 shares of the semiconductor manufacturer's stock valued at $23,241,000 after acquiring an additional 2,115 shares during the last quarter. Ebert Capital Management Inc. grew its stake in shares of Broadcom by 20.8% in the 3rd quarter. Ebert Capital Management Inc. now owns 4,810 shares of the semiconductor manufacturer's stock valued at $1,689,000 after purchasing an additional 827 shares during the last quarter. Tactive Advisors LLC increased its holdings in shares of Broadcom by 58.6% in the third quarter. Tactive Advisors LLC now owns 2,651 shares of the semiconductor manufacturer's stock valued at $931,000 after purchasing an additional 979 shares during the period. Peterson Wealth Advisors LLC increased its holdings in shares of Broadcom by 9.1% in the third quarter. Peterson Wealth Advisors LLC now owns 1,141 shares of the semiconductor manufacturer's stock valued at $401,000 after purchasing an additional 95 shares during the period. Finally, New Covenant Trust Company N.A. raised its stake in shares of Broadcom by 13.1% during the third quarter. New Covenant Trust Company N.A. now owns 5,394 shares of the semiconductor manufacturer's stock worth $1,894,000 after purchasing an additional 626 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several recent research reports. KeyCorp reaffirmed an "overweight" rating and set a $575.00 price target on shares of Broadcom in a report on Thursday, September 3rd. BNP Paribas Exane boosted their price objective on shares of Broadcom from $675.00 to $715.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. Truist Financial cut their price objective on shares of Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Citic Securities upgraded shares of Broadcom to a "buy" rating and raised their target price for the stock from $450.00 to $525.00 in a research note on Tuesday, September 8th. Finally, Fox Advisors raised shares of Broadcom to an "outperform" rating in a report on Thursday, September 3rd. One equities research 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 company has an average rating of "Moderate Buy" and an average target price of $527.20.

Broadcom Price Performance

Shares of AVGO stock traded down $14.40 during mid-day trading on Thursday, reaching $362.11. The stock had a trading volume of 10,701,870 shares, compared to its average volume of 25,032,932. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The company has a market cap of $1.73 trillion, a P/E ratio of 46.36 and a beta of 1.46. The business has a 50-day simple moving average of $372.35 and a 200 day simple moving average of $382.17. 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 announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. 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 posted $1.69 earnings per share. The firm's quarterly revenue was up 85.5% compared to the same quarter last year. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, September 21st were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's payout ratio is 33.21%.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the firm's stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly seeking more than $50 billion from lenders including Apollo Global Management and Blackstone to finance custom AI chips being developed with OpenAI. The effort signals potentially enormous demand for Broadcom’s custom accelerators and could support long-term AI revenue growth. Discussions remain preliminary, however, and the final financing amount may change. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: Investors continue to highlight Broadcom’s rapid custom-chip and networking opportunity as hyperscalers expand AI infrastructure. Analysts cited in recent coverage expect substantial earnings growth, while elevated call-option activity indicates strong speculative interest in the shares. Broadcom AI revenue growth and custom chips
• Neutral Sentiment: CEO Hock Tan continues to defend Broadcom’s approximately $350 billion AI-chip outlook, emphasizing demand from inference-focused customers. The forecast supports the bullish long-term narrative but requires sustained spending by a small group of large technology customers. Broadcom CEO defends AI outlook
• Negative Sentiment: The proposed debt-funded chip purchases have raised concerns about leverage, “circular” financing and the risk of financing chips with loans that could outlast their useful lives. Because the arrangement is tied to OpenAI demand and remains unfinalized, investors may be discounting execution, credit and customer-concentration risks. AI chip debt financing risks
• Negative Sentiment: Broadcom’s valuation remains demanding after its strong AI rally, leaving less room for disappointment. Investors are questioning whether projected AI growth is already reflected in the stock, particularly as competing chip and networking companies pursue the same hyperscaler spending. Broadcom AI growth and valuation

Broadcom Company 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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