Broadcom Inc. $AVGO Shares Bought by Nolet Wealth Management LLC

Key Points

• Nolet Wealth Management increased its Broadcom holdings by 482.2% in the third quarter, purchasing 15,961 additional shares for a total of 19,271 shares valued at approximately $6.8 million. Institutional investors collectively own 76.43% of Broadcom’s stock.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $527.20. Broadcom recently exceeded quarterly earnings and revenue expectations, with revenue rising 85.5% year over year.
• Broadcom pays a quarterly dividend of $0.65 per share, equal to an annualized $2.60 dividend and a 0.8% yield. Despite strong AI-related growth prospects, investors are monitoring valuation, leverage concerns, and potential weakness in smartphone-related demand.

Nolet Wealth Management LLC grew its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 482.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,271 shares of the semiconductor manufacturer's stock after purchasing an additional 15,961 shares during the period. Broadcom makes up about 3.7% of Nolet Wealth Management LLC's holdings, making the stock its 5th biggest position. Nolet Wealth Management LLC's holdings in Broadcom were worth $6,768,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AVGO. Networth Advisors LLC raised its holdings in Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 71 shares during the period. Core Capital Management & Research inc. purchased a new stake in shares of Broadcom during the second quarter worth $31,000. Harborfront Financial Group LLC bought a new position in shares of Broadcom in the second quarter worth $38,000. IMG Wealth Management Inc. bought a new position in shares of Broadcom in the second quarter worth $64,000. Finally, Gilpin Wealth Management LLC boosted its holdings in shares of Broadcom by 290.2% in the third quarter. Gilpin Wealth Management LLC now owns 199 shares of the semiconductor manufacturer's stock worth $70,000 after acquiring an additional 148 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AVGO shares. Morgan Stanley reiterated an "overweight" rating and issued a $505.00 price target (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. Erste Group Bank reissued a "hold" rating on shares of Broadcom in a report on Tuesday, July 7th. Sanford C. Bernstein restated a "buy" rating on shares of Broadcom in a research note on Monday, September 21st. KeyCorp restated an "overweight" rating and issued a $575.00 target price on shares of Broadcom in a research note on Thursday, September 3rd. Finally, Lake Street Capital raised Broadcom to a "buy" rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $527.20.

Broadcom Stock Performance

NASDAQ AVGO opened at $344.33 on Friday. The company's 50 day simple moving average is $366.31 and its two-hundred day simple moving average is $383.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The stock has a market capitalization of $1.64 trillion, a PE ratio of 43.98 and a beta of 1.46.

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

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors 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 annualized dividend and a yield of 0.8%. Broadcom's dividend payout ratio (DPR) is currently 33.21%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

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.