Broadcom Inc. $AVGO Shares Purchased by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management increased its Broadcom stake by 74.9% in the third quarter, acquiring 529,546 additional shares for a total holding valued at approximately $434.4 million. Institutional investors collectively own 76.43% of Broadcom.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $527.20. Raymond James, Morgan Stanley, and Goldman Sachs recently raised their price targets.
• Broadcom reported strong quarterly results, including $3.32 in earnings per share and $29.59 billion in revenue, with revenue up 85.5% year over year. The company also maintains a $0.65 quarterly dividend, while insiders have sold roughly $20.2 million of shares over the past 90 days.

Ferguson Wellman Capital Management Inc. raised its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 74.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,237,010 shares of the semiconductor manufacturer's stock after acquiring an additional 529,546 shares during the period. Broadcom makes up 5.1% of Ferguson Wellman Capital Management Inc.'s portfolio, making the stock its 4th biggest holding. Ferguson Wellman Capital Management Inc.'s holdings in Broadcom were worth $434,426,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in shares of Broadcom by 8.7% during the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock valued at $75,367,711,000 after buying an additional 16,651,378 shares during the last quarter. Bank of America Corp DE grew its position in Broadcom by 4.6% during the second quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer's stock worth $23,202,543,000 after buying an additional 2,685,916 shares in the last quarter. Wellington Management Group LLP increased its stake in Broadcom by 3.8% during the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer's stock valued at $19,484,611,000 after acquiring an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Broadcom by 2.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer's stock valued at $15,178,195,000 after acquiring an additional 1,140,598 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $11,998,148,000. 76.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVGO has been the subject of a number of recent research reports. Raymond James Financial restated an "outperform" rating and issued a $475.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. Morgan Stanley reaffirmed an "overweight" rating and set a $505.00 price objective (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Weiss Ratings lowered shares of Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Wall Street Zen downgraded Broadcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Finally, The Goldman Sachs Group increased their target price on Broadcom from $525.00 to $540.00 and gave the stock 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 issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $527.20.

Broadcom Price Performance

Broadcom stock traded up $7.83 on Monday, reaching $362.97. The company's stock had a trading volume of 9,200,731 shares, compared to its average volume of 25,058,732. The business's fifty day moving average price is $372.74 and its 200 day moving average price is $381.07. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The company has a market cap of $1.73 trillion, a price-to-earnings ratio of 46.36 and a beta of 1.46. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00.

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

Broadcom Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom's payout ratio is 33.21%.

Insider Buying and Selling at Broadcom

In other news, Director Gayla J. Delly sold 1,890 shares of the business's stock in a transaction 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 completion of the sale, the director owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Brazeal sold 25,000 shares of the company's stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares in the company, valued at $78,254,935.37. This trade represents a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 51,890 shares of company stock worth $20,241,368. Company insiders own 1.90% of the company's stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Anthropic financing supports demand visibility: Broadcom reportedly agreed to provide up to $42 billion in financing tied to Anthropic’s purchase of Broadcom chips. The arrangement could secure a major customer and support long-term AI-chip revenue, helping explain the stock’s rally. Broadcom Stock Jumps Following Reported $42 Billion Financing Deal With Anthropic
• Positive Sentiment: AI growth remains exceptionally strong: Broadcom generated $16.7 billion in AI semiconductor sales in fiscal third-quarter 2026, up 221% year over year, and expects $21.7 billion in fiscal fourth-quarter AI revenue. Analysts and commentators see additional upside if AI infrastructure spending continues into 2027 and 2028. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Positive Sentiment: Strategic positioning is favorable: Morgan Stanley said Broadcom and Nvidia may be relatively shielded from an AI-related power crunch affecting the broader chip supply chain. Broadcom’s custom-chip and networking exposure may also benefit as data centers seek alternatives to relying solely on GPUs. Nvidia, Broadcom Shielded as AI Power Crunch Hits Chip Supply Chain
• Neutral Sentiment: Relative valuation is a debate: Broadcom’s earnings and revenue growth have substantially outpaced its share-price performance, but the stock trades above its historical average valuation multiple. Investors will likely look to the next earnings report for evidence that rapid AI growth can justify the premium.
• Negative Sentiment: Anthropic deal raises financing and concentration concerns: Because Broadcom may be lending money to a customer that will use the funds to buy its products, critics describe the arrangement as potentially circular financing. Increasing reliance on a small number of large AI customers could also weaken Broadcom’s bargaining power and create repayment risk. Broadcom’s Massive $42 Billion Chip-Buying Deal with Anthropic Raises Circular Financing Worries

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 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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