Broadcom Inc. $AVGO Shares Purchased by Krilogy Financial LLC

Key Points

• Krilogy Financial increased its Broadcom stake by 12.1% in the third quarter, bringing its holdings to 49,676 shares valued at approximately $17.6 million. Institutional investors collectively own 76.43% of Broadcom.
• Analysts maintain a generally positive view, with one Strong Buy, 37 Buy and three Hold ratings; Broadcom carries a “Moderate Buy” consensus and an average price target of $527.20, despite several recent target reductions.
• Broadcom reported quarterly EPS of $3.32 and revenue of $29.59 billion, with revenue up 85.5% year over year. Its AI networking and custom-chip businesses remain growth catalysts, while concerns about AI financing and speculative valuations pose risks.

Krilogy Financial LLC increased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 12.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,676 shares of the semiconductor manufacturer's stock after buying an additional 5,368 shares during the period. Krilogy Financial LLC's holdings in Broadcom were worth $17,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Networth Advisors LLC grew its stake in shares of 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 buying an additional 71 shares during the last quarter. Core Capital Management & Research inc. acquired a new stake in shares of Broadcom in the second quarter valued at about $31,000. Harborfront Financial Group LLC bought a new stake in Broadcom in the second quarter valued at approximately $38,000. IMG Wealth Management Inc. acquired a new position in shares of Broadcom in the 2nd quarter worth approximately $64,000. Finally, Gilpin Wealth Management LLC boosted its stake in shares of Broadcom by 290.2% in the 3rd quarter. Gilpin Wealth Management LLC now owns 199 shares of the semiconductor manufacturer's stock valued at $70,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AVGO shares. Truist Financial lowered their price objective on Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Bank of America reduced their price objective on Broadcom from $530.00 to $460.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Royal Bank Of Canada initiated coverage on Broadcom in a report on Thursday, September 3rd. They issued an "outperform" rating on the stock. Wall Street Zen lowered shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Finally, DA Davidson set a $350.00 target price on shares of Broadcom and gave the stock a "neutral" rating in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Broadcom has an average rating of "Moderate Buy" and an average target price of $527.20.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom plans to launch an AI networking platform at the OCP Global Summit, potentially strengthening its position in the rapidly expanding market for hyperscale data-center connectivity. Broadcom To Launch AI Networking Platform
• Positive Sentiment: The company introduced VMware HyperArmor, a security product designed to protect VMware Cloud Foundation hypervisors from increasingly sophisticated cyberattacks. The launch supports Broadcom’s recurring infrastructure-software strategy and could improve VMware’s product value. Broadcom Introduces VMware HyperArmor
• Positive Sentiment: Analysts and commentators continue to highlight Broadcom’s custom AI-chip business, including multiyear hyperscaler contracts and demand from customers such as Google. This model allows AVGO to benefit from AI spending without competing directly with Nvidia in general-purpose GPUs. Broadcom and Google AI Designs
• Neutral Sentiment: CEO Hock Tan warned that capital availability—not memory-chip supply—could become the biggest bottleneck for AI expansion. The comments raise concerns about the sustainability of data-center spending, even as Broadcom reportedly increased its AI revenue outlook. Capital Crunch Could Become AI Bottleneck
• Neutral Sentiment: Broadcom is being promoted as a leading AI and dividend stock, but comparisons with Nvidia, Qualcomm and Oracle emphasize that investors must weigh growth, leverage and valuation rather than AI exposure alone. Dividend Stocks Offering AI Exposure
• Negative Sentiment: Tan’s description of AI investors as casino gamblers may reinforce concerns that the sector has become speculative and vulnerable to a pullback if funding or expected returns deteriorate. Broadcom CEO Compared AI Investors to Gamblers
• Negative Sentiment: AVGO remains well below its record high, with technical indicators showing continued pressure. Profit-taking across semiconductor equipment stocks and renewed concern about AI-related financing are weighing on sentiment toward the broader chip group. Broadcom Stock Analysis

Broadcom Stock Up 0.7%

AVGO stock opened at $357.31 on Wednesday. The company's 50 day moving average is $369.27 and its 200 day moving average is $383.32. The stock has a market cap of $1.71 trillion, a price-to-earnings ratio of 45.63 and a beta of 1.46. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (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 firm had revenue of $29.59 billion for the quarter, compared to analysts' expectations of $29.24 billion. During the same period last year, the firm earned $1.69 earnings per share. The company's revenue for the quarter was up 85.5% compared to the same quarter last year. Sell-side analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 33.21%.

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 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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