Broadcom Inc. $AVGO Shares Bought by Fagan Associates Inc.

Key Points

• Fagan Associates increased its Broadcom stake by 76.9% in the third quarter, purchasing 3,050 additional shares and bringing its total holdings to 7,015 shares valued at approximately $2.46 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported quarterly revenue of $29.59 billion and adjusted earnings of $3.32 per share, exceeding analyst expectations, while revenue surged 85.5% year over year. The company also maintains a $0.65 quarterly dividend, equivalent to a 0.7% yield.
• Analysts remain broadly bullish, with Broadcom receiving a consensus “Moderate Buy” rating and an average price target of $527.20, compared with shares trading near $357.31 in the report.

Fagan Associates Inc. lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 76.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,015 shares of the semiconductor manufacturer's stock after purchasing an additional 3,050 shares during the quarter. Fagan Associates Inc.'s holdings in Broadcom were worth $2,464,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Cornerstone Advisors LLC bought a new stake in Broadcom during the second quarter worth approximately $92,522,000. GAMMA Investing LLC grew its position in Broadcom by 8.8% in the third 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 position in Broadcom in the third quarter worth approximately $1,181,000. Bank of America Corp DE increased its holdings in shares of Broadcom by 1.5% in the first 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 buying an additional 894,564 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Broadcom in the second quarter valued at $3,302,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 0.7%

Shares of AVGO stock traded up $2.58 during trading hours on Tuesday, reaching $357.31. 17,229,419 shares of the stock traded hands, compared to its average volume of 25,002,436. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The business has a fifty day moving average price of $369.27 and a 200 day moving average price of $383.32. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1.71 trillion, a PE ratio of 45.63 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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 net margin of 42.94% and a return on equity of 48.33%. The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. The firm's quarterly revenue was up 85.5% on a year-over-year basis. On average, equities research analysts forecast that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio is presently 33.21%.

Analysts Set New Price Targets

A number of brokerages have recently commented on AVGO. Erste Group Bank reiterated a "hold" rating on shares of Broadcom in a research report on Tuesday, July 7th. Citigroup reaffirmed a "buy" rating and set a $515.00 target price (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. KeyCorp reaffirmed an "overweight" rating and set a $575.00 target price on shares of Broadcom in a report on Thursday, September 3rd. Citic Securities raised Broadcom to a "buy" rating and upped their target price for the company from $450.00 to $525.00 in a report on Tuesday, September 8th. Finally, Rosenblatt Securities started coverage on Broadcom in a research report on Thursday, September 3rd. They issued a "buy" rating and a $600.00 price target for the company. 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 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.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI demand and custom-chip growth remain key bullish catalysts. Broadcom’s custom AI accelerators and networking products are supported by multiyear hyperscaler commitments, allowing it to participate in the AI market without competing directly with Nvidia’s general-purpose GPUs. Analysts also argue that Google’s increasing use of internally designed chips could create more demand for Broadcom’s engineering and manufacturing expertise. Broadcom Is Building an AI Business Unlike Nvidia’s Broadcom and Google’s Custom Chips
• Positive Sentiment: Management has highlighted continued AI momentum. CEO Hock Tan reportedly raised AI revenue guidance while describing Broadcom’s strategy as focused on disciplined, long-term customer relationships. The company’s VMware HyperArmor launch also expands its infrastructure-software offering by improving protection for VMware Cloud Foundation workloads, potentially supporting recurring software revenue. Broadcom Introduces VMware HyperArmor
• Neutral Sentiment: Capital availability is emerging as the principal AI bottleneck. Tan said the limiting factor may be financing data-center construction and infrastructure—not memory chips. This supports Broadcom’s long-term opportunity but also underscores that AI expansion depends on customers’ ability to sustain enormous capital spending. Broadcom CEO Warns of AI Capital Crunch
• Negative Sentiment: Tan’s “casino” comments reinforce bubble and valuation fears. His warning that many AI investors do not fully understand their exposure may encourage caution, even though Broadcom itself is benefiting from the spending boom.
• Negative Sentiment: Funding and sector risks are weighing on sentiment. Reports about Broadcom’s potential $42 billion financing arrangement tied to Anthropic raise questions about counterparty exposure and leverage. Separately, semiconductor-equipment shares are retreating after a strong year, signaling profit-taking across the AI trade. Broadcom’s $42 Billion Anthropic Financing Bet

Broadcom 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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