Broadcom Inc. $AVGO Shares Purchased by James Hambro & Partners LLP

Key Points

• James Hambro & Partners increased its Broadcom position by 3% in the third quarter, bringing its holdings to 261,554 shares valued at approximately $91.8 million. Institutional investors collectively own 76.43% of Broadcom’s stock.
• Broadcom reported quarterly EPS of $3.32, ahead of the $3.22 analyst consensus, while revenue rose 85.5% year over year to $29.59 billion. The company also declared a quarterly dividend of $0.65 per share, equivalent to a 0.8% annual yield.
• AVGO was trading at $334.37, below its 50-day and 200-day moving averages and well under its 52-week high of $495.00. Despite the technical pressure, analysts maintained a “Moderate Buy” consensus with an average price target of $527.20.

James Hambro & Partners LLP raised its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 261,554 shares of the semiconductor manufacturer's stock after acquiring an additional 7,523 shares during the quarter. Broadcom makes up about 3.2% of James Hambro & Partners LLP's investment portfolio, making the stock its 15th largest holding. James Hambro & Partners LLP's holdings in Broadcom were worth $91,849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Advisors LLC acquired a new stake in shares of Broadcom in the second quarter valued at approximately $92,522,000. GAMMA Investing LLC boosted its stake in shares of Broadcom by 8.8% during the 3rd quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer's stock worth $55,889,000 after acquiring an additional 13,317 shares during the period. ANB Bank acquired a new position in shares of Broadcom during the 3rd quarter worth approximately $1,181,000. Bank of America Corp DE increased its holdings in shares of Broadcom by 1.5% during the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock worth $18,179,719,000 after acquiring an additional 894,564 shares during the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $3,302,000. Institutional investors own 76.43% of the company's stock.

Broadcom Trading Down 0.1%

Shares of AVGO stock opened at $334.37 on Wednesday. The firm has a 50 day moving average price of $360.94 and a two-hundred day moving average price of $384.47. 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 company has a market capitalization of $1.60 trillion, a PE ratio of 42.70 and a beta of 1.46. Broadcom Inc. has a 12-month low of $289.96 and a 12-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 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $29.24 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The business's revenue was up 85.5% on a year-over-year basis. As a group, analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: 10-year NTT DOCOMO agreement: Broadcom will help NTT DOCOMO advance its private cloud using VMware Cloud Foundation. The deal supports recurring software revenue, strengthens VMware’s position in enterprise infrastructure, and could improve confidence in Broadcom’s post-acquisition software strategy. Broadcom to Advance NTT DOCOMO's Private Cloud with VMware Cloud Foundation
• Positive Sentiment: AI-chip momentum remains strong: Reports highlight Broadcom’s AI-chip sales growth of approximately 236%, with recent performance exceeding Wall Street expectations. Continued hyperscaler spending on custom silicon and networking equipment supports the company’s growth outlook. Broadcom Sees AI Chip Sales Up 236%, but Who Is Paying?
• Positive Sentiment: Semiconductor rebound thesis: Short interest in the leveraged SOXL semiconductor ETF has fallen sharply while institutional investors, including JPMorgan, have increased exposure. This suggests some investors view the sector’s sell-off as a temporary valuation reset rather than a deterioration in chip demand. Chip Stocks Are Sliding—Why Is Smart Money Buying?
• Neutral Sentiment: OpenAI fundraising highlights AI demand but benefits Nvidia more directly: OpenAI is reportedly seeking roughly $30 billion at a valuation above $1.4 trillion, while Nvidia agreed to guarantee up to $105 billion of obligations tied to an Ohio campus. The development reinforces AI infrastructure demand, but the announced financing has no direct Broadcom commitment. OpenAI Is Reportedly Raising $30 Billion. Which Chip Stock Gains the Most?
• Negative Sentiment: AI bubble and execution concerns: CEO Hock Tan’s comments comparing AI investment conditions to a “casino,” along with warnings about capital constraints, have unsettled retail investors. Broader concerns about an AI bubble and semiconductor supply bottlenecks are contributing to risk reduction across chip stocks. AI Stocks Are Flashing a Bubble-Burst Warning
• Negative Sentiment: Technical and valuation pressure persists: AVGO is trading well below its 52-week high and below both its 50-day and 200-day moving averages. With a forward growth story already reflected in a high valuation, investors may remain sensitive to any slowdown in AI orders or customer concentration concerns.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of research analyst reports. DA Davidson set a $350.00 price target on Broadcom and gave the company a "neutral" rating in a research note on Friday, September 4th. Rosenblatt Securities started coverage on Broadcom in a report on Thursday, September 3rd. They set a "buy" rating and a $600.00 price target for the company. Weiss Ratings raised shares of Broadcom from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. KeyCorp reiterated an "overweight" rating and issued a $575.00 price objective on shares of Broadcom in a report on Thursday, September 3rd. Finally, BMO Capital Markets upped their price objective on shares of Broadcom from $455.00 to $575.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $527.20.

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 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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