Broadcom Inc. $AVGO Shares Newly Acquired by Sawyer & Company Inc

Key Points

• Sawyer & Company acquired 15,801 Broadcom shares in the third quarter, valued at approximately $5.55 million and representing 1.9% of its portfolio. Institutional investors collectively own 76.43% of AVGO.
• Broadcom reported quarterly EPS of $3.32, exceeding estimates, while revenue rose 85.5% year over year to $29.59 billion. The company also pays a $0.65 quarterly dividend, equivalent to a 0.8% yield.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $529.17, though risks include Alphabet diversifying TPU suppliers, rising competition, and broader pressure on AI-related stocks.

Sawyer & Company Inc purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,801 shares of the semiconductor manufacturer's stock, valued at approximately $5,549,000. Broadcom makes up about 1.9% of Sawyer & Company Inc's investment portfolio, making the stock its 15th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Securities Inc. acquired a new position in Broadcom during the 3rd quarter worth about $220,000. LifeWealth Investments LLC increased its stake in shares of Broadcom by 3.7% in the third quarter. LifeWealth Investments LLC now owns 6,354 shares of the semiconductor manufacturer's stock valued at $2,231,000 after buying an additional 229 shares during the period. Sowell Financial Services LLC raised its position in shares of Broadcom by 6.7% during the third quarter. Sowell Financial Services LLC now owns 54,883 shares of the semiconductor manufacturer's stock worth $19,274,000 after acquiring an additional 3,465 shares during the last quarter. City State Bank raised its position in shares of Broadcom by 18.4% during the third quarter. City State Bank now owns 2,554 shares of the semiconductor manufacturer's stock worth $897,000 after acquiring an additional 396 shares during the last quarter. Finally, Atticus Wealth Management LLC raised its position in shares of Broadcom by 15.9% during the third quarter. Atticus Wealth Management LLC now owns 10,530 shares of the semiconductor manufacturer's stock worth $3,698,000 after acquiring an additional 1,445 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Performance

NASDAQ:AVGO opened at $321.68 on Friday. 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 twelve month low of $289.96 and a twelve month high of $495.00. The company has a fifty day moving average of $356.05 and a 200-day moving average of $384.25. The firm has a market capitalization of $1.54 trillion, a P/E ratio of 41.08 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion for 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%. Broadcom's revenue was up 85.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 earnings per share. As a group, sell-side analysts anticipate that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio is currently 33.21%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: ETF investors bought approximately $89.8 million of Broadcom shares on October 21, signaling continued institutional demand. Broadcom Sees $89.8 Million in Net ETF Buying
• Positive Sentiment: Analysts continue to highlight Broadcom’s leadership in custom AI accelerators. Demand from major AI labs and hyperscalers, including Anthropic, OpenAI and Meta, supports management’s ambitious long-term AI semiconductor growth outlook. 3 Magnificent AI Chip Stocks
• Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $600 price target, implying substantial upside from recent trading levels. Tigress Financial Broadcom Coverage
• Positive Sentiment: Broadcom launched Arcot Scam Defense, a real-time fraud-detection feature for digital payments. Strong initial pilot results could create incremental growth for its software and security businesses. Broadcom Debuts Arcot Scam Defense
• Neutral Sentiment: Broadcom remains the leading custom-chip design partner, but Alphabet is diversifying its TPU suppliers. Although Broadcom may lose market share, the overall AI accelerator market is expected to expand rapidly, potentially offsetting that loss. Broadcom AI Chip Business Risks
• Negative Sentiment: Investors are worried that customer-owned chip design and increased competition from MediaTek could reduce Broadcom’s role and margins in future AI programs. Alphabet’s supplier diversification is the clearest near-term risk. Broadcom AI Chip Business Risks
• Negative Sentiment: The broader market sell-off is weighing on AI stocks amid higher oil prices, inflation concerns and questions about whether massive data-center investments will generate sufficient returns. Technical commentary identifies the $320 area as an important support test. Broadcom Faces Critical $320 Test

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group lowered shares of Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, September 3rd. Cantor Fitzgerald lifted their target price on shares of Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. Erste Group Bank restated a "hold" rating on shares of Broadcom in a report on Tuesday, July 7th. HSBC cut their price target on shares of Broadcom from $600.00 to $560.00 and set a "buy" rating on the stock in a research report on Thursday, September 3rd. Finally, Lake Street Capital upgraded Broadcom to a "buy" rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Broadcom presently has a consensus rating of "Moderate Buy" and an average price target of $529.17.

About Broadcom

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software products. Its semiconductor solutions support data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company's semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.

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