Broadcom Inc. $AVGO Shares Newly Purchased by North Capital Inc.

Key Points

• North Capital Inc. bought 2,719 Broadcom shares worth approximately $972,000 during the third quarter, making AVGO its 24th-largest holding. Institutional investors and hedge funds collectively own 76.43% of Broadcom.
• Broadcom’s AI opportunity remains a major growth driver, supported by demand for custom chips and high-speed networking, while analysts maintain a broadly positive outlook with a consensus “Moderate Buy” rating and a $527.20 price target.
• Shares fell 4.5% to $328.75 amid concerns about rising financing costs, speculative AI investment and potential pressure on technology valuations, despite strong recent results that included 85.5% year-over-year revenue growth and an earnings beat.

North Capital Inc. purchased a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,719 shares of the semiconductor manufacturer's stock, valued at approximately $972,000. Broadcom comprises about 0.7% of North Capital Inc.'s holdings, making the stock its 24th biggest position.

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

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s long-term AI opportunity remains attractive because hyperscalers and companies including OpenAI, Anthropic, Alphabet and Meta are adopting custom-designed chips and high-speed networking as alternatives to Nvidia GPUs. Analysts and investors continue to view Broadcom’s combination of custom silicon, networking and infrastructure software as a potential long-term growth engine. Will Broadcom Rejoin the $2 Trillion Club in 2027?
• Positive Sentiment: Erste Group raised its FY2027 earnings forecast for Broadcom, while roughly $121.5 million of net ETF purchases on Oct. 14 indicate that some institutional investors continue to add exposure. Broadcom FY2027 Earnings Forecast Raised by Erste Group Bank
• Neutral Sentiment: Broadcom’s reported plan to arrange $60 billion in financing connected to Anthropic could expand its AI relationship and customer opportunity, but it also increases the financial stakes and execution risk of the company’s AI strategy. Broadcom’s Anthropic Bet Gets Bigger
• Neutral Sentiment: Broadcom and CoreWeave rejected tokenized shares offered through the OKX/ICE venue, limiting a potential new trading channel but signaling caution around digital representations of public-company stock. CoreWeave, Broadcom Reject Tokenized Shares
• Negative Sentiment: CEO Hock Tan warned that rising financing costs and speculative, “casino-like” AI investing could slow expansion. His comments raise concerns that AI customers may reduce capital spending or struggle to turn heavy infrastructure investments into profits, weighing particularly on custom-AI-chip suppliers. Broadcom Falls as AI Capital Warning Weighs
• Negative Sentiment: Higher-than-expected inflation and expectations for higher interest rates are prompting investors to rotate away from expensive technology and AI stocks. A Gartner warning that many neocloud companies could fail or consolidate by 2030 has intensified fears of an AI infrastructure spending mismatch. MarketBeat Week in Review
• Negative Sentiment: Reports that Apple may cut iPhone 18 Pro component orders create an additional demand concern for suppliers, although Broadcom’s exposure and potential impact appear less direct than for some peers. Apple Cut iPhone 18 Orders

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada initiated coverage on Broadcom in a report on Thursday, September 3rd. They set an "outperform" rating for the company. Weiss Ratings raised Broadcom from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. HSBC cut their price target on Broadcom from $600.00 to $560.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Citic Securities upgraded Broadcom to a "buy" rating and boosted their price objective for the company from $450.00 to $525.00 in a research report on Tuesday, September 8th. Finally, Sanford C. Bernstein restated a "buy" rating on shares of Broadcom in a research note on Monday, September 21st. One equities 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 an average rating of "Moderate Buy" and a consensus price target of $527.20.

Broadcom Trading Down 4.5%

NASDAQ:AVGO opened at $328.75 on Friday. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The stock has a market cap of $1.57 trillion, a price-to-earnings ratio of 41.99 and a beta of 1.46. The business has a fifty day moving average of $364.33 and a 200-day moving average of $383.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

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 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 company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period last year, the company earned $1.69 earnings per share. The company's quarterly revenue was up 85.5% compared to the same quarter last year. Equities analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

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

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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