Broadcom Inc. $AVGO Shares Bought by Colton Groome Financial Advisors LLC

Key Points

• Colton Groome Financial Advisors increased its Broadcom stake by 18% in the third quarter, bringing its holdings to 18,240 shares valued at approximately $6.4 million. Broadcom represents about 1.5% of the firm’s portfolio.
• Other institutional investors also added to their positions, and institutional investors and hedge funds collectively own 76.43% of Broadcom’s outstanding shares.
• Broadcom reported strong quarterly results, with revenue rising 85.5% year over year to $29.59 billion and adjusted earnings exceeding estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $527.20, though insiders sold more than $20 million of stock over the past three months.

Colton Groome Financial Advisors LLC lifted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,240 shares of the semiconductor manufacturer's stock after buying an additional 2,782 shares during the period. Broadcom makes up approximately 1.5% of Colton Groome Financial Advisors LLC's investment portfolio, making the stock its 14th biggest position. Colton Groome Financial Advisors LLC's holdings in Broadcom were worth $6,406,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AVGO. Iowa State Bank lifted its position in shares of Broadcom by 0.9% during the 3rd quarter. Iowa State Bank now owns 17,884 shares of the semiconductor manufacturer's stock valued at $6,281,000 after acquiring an additional 151 shares during the period. Eleva Capital SAS bought a new position in shares of Broadcom in the third quarter worth $11,235,000. Financial Symmetry Inc increased its position in shares of Broadcom by 39.1% in the third quarter. Financial Symmetry Inc now owns 1,518 shares of the semiconductor manufacturer's stock worth $533,000 after purchasing an additional 427 shares during the period. Rosenberg Matthew Hamilton raised its stake in Broadcom by 7.3% in the third quarter. Rosenberg Matthew Hamilton now owns 6,153 shares of the semiconductor manufacturer's stock valued at $2,115,000 after purchasing an additional 417 shares in the last quarter. Finally, Park National Corp OH raised its stake in Broadcom by 21.3% in the third quarter. Park National Corp OH now owns 84,676 shares of the semiconductor manufacturer's stock valued at $29,737,000 after purchasing an additional 14,843 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Marvell Technology’s investor day highlighted strong demand for custom AI accelerators, reinforcing Broadcom’s position as a key design partner for hyperscale cloud companies. The read-through helped lift sentiment toward Broadcom’s custom-chip and networking businesses. Marvell Rallies 6% as Investor Day Presses the Custom AI Silicon Case; Broadcom Advances 4%
• Positive Sentiment: A reported financing arrangement involving Anthropic and up to $42 billion of Broadcom chips could create a substantial future order pipeline. Anthropic’s potential capital raise or IPO could also give the AI company more funds to purchase computing infrastructure. Broadcom Stock Jumps Following Reported $42 Billion Financing Deal With Anthropic
• Positive Sentiment: Morgan Stanley said Broadcom and Nvidia may be relatively protected from a projected U.S. data-center power shortfall, supporting the view that near-term electricity constraints may delay some AI projects without materially undermining demand for their chips and infrastructure. Nvidia, Broadcom May Be Surprisingly Safe From a 32-GW Hole in the AI Boom
• Positive Sentiment: Recent coverage continues to emphasize exceptional AI growth: fiscal third-quarter AI semiconductor revenue reportedly reached $16.7 billion, up 221% year over year, with fourth-quarter guidance of $21.7 billion. That momentum supports expectations for continued earnings growth into the next report. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Neutral Sentiment: Articles comparing Broadcom with Nvidia frame AVGO as a different AI investment: custom accelerators, networking and infrastructure software rather than a broad GPU platform. The comparison may attract investors seeking diversified exposure to AI spending, but does not represent a new company announcement. Nvidia vs. Broadcom: Which AI Chip Stock Is the Better Buy Now?
• Negative Sentiment: The Anthropic transaction has raised concerns about circular financing because Broadcom may be providing funding to a customer that then uses the money to buy Broadcom products. Such arrangements could increase execution and customer-concentration risks, particularly while AVGO trades at a premium earnings multiple. Broadcom’s Massive $42 Billion Chip-Buying Deal with Anthropic Raises Circular Financing Worries

Insider Activity at Broadcom

In related news, Director Gayla J. Delly sold 1,890 shares of the company's stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. This 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 sold 51,890 shares of company stock worth $20,241,368. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Arete Research increased their price objective on shares of Broadcom from $488.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Fox Advisors upgraded shares of Broadcom to an "outperform" rating in a research report on Thursday, September 3rd. UBS Group downgraded shares of Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, September 3rd. Dbs Bank upgraded shares of Broadcom to a "moderate buy" rating in a research report on Thursday, June 18th. Finally, Lake Street Capital raised shares of Broadcom to a "buy" rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $527.20.

Broadcom Price Performance

Broadcom stock traded up $14.54 during mid-day trading on Tuesday, reaching $377.05. The company had a trading volume of 16,158,093 shares, compared to its average volume of 25,075,816. The business has a fifty day simple moving average of $372.33 and a 200 day simple moving average of $381.36. The company has a market cap of $1.80 trillion, a P/E ratio of 48.25 and a beta of 1.46. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. 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 quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $29.24 billion. During the same period in the previous year, the business posted $1.69 earnings per share. The business's quarterly revenue was up 85.5% compared to the same quarter last year. On average, equities research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders 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 annualized dividend and a yield of 0.7%. Broadcom's payout ratio is 33.21%.

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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