Broadcom Inc. $AVGO Shares Acquired by United Advisor Group LLC

Key Points

• United Advisor Group increased its Broadcom stake by 21.9% in the third quarter, adding 1,574 shares to hold 8,760 shares valued at about $3.08 million.
• Broadcom’s latest reported quarter beat analyst estimates, with earnings of $3.32 per share versus $3.22 expected and revenue of $29.59 billion versus $29.24 billion; revenue rose 85.5% year over year.
• Analyst sentiment remains broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $530.52. Institutional investors and hedge funds own 76.43% of the company’s shares.

United Advisor Group LLC lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 21.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,760 shares of the semiconductor manufacturer's stock after acquiring an additional 1,574 shares during the quarter. United Advisor Group LLC's holdings in Broadcom were worth $3,076,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Yukon Wealth Management Inc. increased its holdings in Broadcom by 1.1% during the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock worth $774,000 after purchasing an additional 26 shares during the last quarter. NerdWallet Wealth Partners LLC raised its position in shares of Broadcom by 2.6% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock valued at $399,000 after purchasing an additional 27 shares in the last quarter. Veery Capital LLC boosted its stake in shares of Broadcom by 1.4% during the 2nd quarter. Veery Capital LLC now owns 1,900 shares of the semiconductor manufacturer's stock valued at $718,000 after buying an additional 27 shares during the last quarter. Ridgeline Wealth Planning LLC boosted its stake in shares of Broadcom by 2.1% during the 2nd quarter. Ridgeline Wealth Planning LLC now owns 1,302 shares of the semiconductor manufacturer's stock valued at $492,000 after buying an additional 27 shares during the last quarter. Finally, Capital Planning LLC boosted its stake in shares of Broadcom by 0.7% during the 1st quarter. Capital Planning LLC now owns 4,044 shares of the semiconductor manufacturer's stock valued at $1,252,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 8.8%

NASDAQ:AVGO opened at $319.48 on Tuesday. The company has a market cap of $1.53 trillion, a PE ratio of 40.80 and a beta of 1.49. The business's 50 day moving average is $346.90 and its two-hundred day moving average is $366.13. 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 Inc. has a 52 week low of $289.77 and a 52 week high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the business earned $1.69 EPS. The business's quarterly revenue was up 85.5% on a year-over-year basis. On average, analysts predict that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was 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: 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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Arete Research raised their price target on shares of Broadcom from $488.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Evercore set a $578.00 price target on shares of Broadcom and gave the company an "outperform" rating in a report on Thursday, September 3rd. Wedbush started coverage on shares of Broadcom in a research note on Tuesday, October 27th. They set an "outperform" rating on the stock. Bank of America decreased their price objective on shares of Broadcom from $530.00 to $460.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Finally, Royal Bank Of Canada assumed coverage on shares of Broadcom in a research report on Thursday, September 3rd. They issued an "outperform" rating for the company. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $530.52.

Broadcom Profile

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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