Broadcom Inc. $AVGO Shares Purchased by Violich Capital Management Inc.

Key Points

• Violich Capital Management increased its Broadcom stake by 26.1% in the third quarter, purchasing 4,511 additional shares to hold 21,791 shares valued at approximately $7.65 million. Institutional investors and hedge funds own 76.43% of Broadcom’s stock.
• Analysts remain broadly bullish, with 37 Buy ratings and one Strong Buy rating, producing a consensus “Moderate Buy” rating and an average price target of $527.20.
• Broadcom exceeded quarterly earnings and revenue expectations, reporting $3.32 in EPS and $29.59 billion in revenue, while year-over-year revenue rose 85.5%. The company also maintains a quarterly dividend of $0.65 per share, or $2.60 annually.

Violich Capital Management Inc. boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 26.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,791 shares of the semiconductor manufacturer's stock after purchasing an additional 4,511 shares during the period. Broadcom accounts for 0.8% of Violich Capital Management Inc.'s investment portfolio, making the stock its 27th biggest holding. Violich Capital Management Inc.'s holdings in Broadcom were worth $7,653,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fullerton Advisors LLC boosted its position in Broadcom by 1.3% during the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer's stock valued at $616,000 after purchasing an additional 25 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co grew its stake in Broadcom by 0.5% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock valued at $1,656,000 after purchasing an additional 25 shares in the last quarter. RFG Holdings Inc. increased its position in Broadcom by 0.3% in the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer's stock worth $2,631,000 after purchasing an additional 26 shares during the last quarter. Yukon Wealth Management Inc. increased its position in Broadcom by 1.1% in the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock worth $774,000 after purchasing an additional 26 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC raised its stake in shares of Broadcom by 2.6% during the 2nd quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock worth $399,000 after purchasing an additional 27 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald lifted their price target on Broadcom from $525.00 to $600.00 and gave the company an "overweight" rating in a report on Thursday, September 3rd. Bank of America dropped their price objective on Broadcom from $530.00 to $460.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Weiss Ratings cut shares of Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Jefferies Financial Group assumed coverage on shares of Broadcom in a research report on Thursday, September 3rd. They issued a "buy" rating and a $550.00 target price for the company. Finally, Sanford C. Bernstein restated a "buy" rating on shares of Broadcom in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Broadcom has a consensus rating of "Moderate Buy" and a consensus target price of $527.20.

Broadcom Stock Performance

NASDAQ:AVGO opened at $355.14 on Monday. The company's 50 day moving average is $372.74 and its 200-day moving average is $381.07. 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 12 month low of $289.96 and a 12 month high of $495.00. The firm has a market cap of $1.70 trillion, a price-to-earnings ratio of 45.36 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted 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. The business had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The firm's revenue for the quarter was up 85.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 earnings per share. Equities analysts anticipate that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's payout ratio is currently 33.21%.

Insider Buying and Selling

In related news, Director Gayla Delly sold 1,890 shares of the firm's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares of the company's stock, valued at $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the sale, the insider owned 194,989 shares in the company, valued at $78,254,935.37. This represents a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 51,890 shares of company stock worth $20,241,368. 1.90% of the stock is currently owned by company insiders.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported that AI semiconductor revenue reached $16.7 billion in fiscal Q3 2026, up 221% year over year, and guided to $21.7 billion in fiscal Q4, implying 236% growth. The figures reinforce expectations that custom AI chips and networking products will remain major growth drivers. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Positive Sentiment: Broadcom continues to outpace Intel on revenue trends, with consistent sequential expansion over the past eight quarters. That performance highlights the company’s stronger position in AI-related semiconductors and data-center infrastructure. Broadcom vs. Intel Revenue Trends
• Positive Sentiment: An anticipated Anthropic IPO could provide the AI company with substantial cash to purchase computing hardware, potentially benefiting Broadcom as a chip and infrastructure supplier. Expanding demand for custom chips and additional substrate capacity further supports the long-term growth outlook. Major Winners From an Anthropic IPO
• Neutral Sentiment: Several analyses argue that Broadcom’s revenue and earnings growth has significantly exceeded its share-price performance, while bullish projections call for AI revenue to double in both 2027 and 2028. These views support upside potential but are dependent on ambitious forecasts. Broadcom’s 2028 Projection
• Negative Sentiment: Broadcom’s reported agreement to lend Anthropic up to $42 billion for chip purchases raises circular-financing concerns: Broadcom may be helping finance a customer’s purchases, which could make reported demand less durable and increase credit and execution risk. Heavy reliance on a small number of powerful AI customers also creates bargaining and concentration risks. Broadcom’s $42 Billion Chip-Buying Deal With Anthropic
• Negative Sentiment: At a premium earnings multiple, Broadcom’s valuation leaves less room for slower AI growth or weaker customer economics. Investors are also assessing whether strong cash generation can continue to comfortably fund dividend increases as customer concentration rises. Can Broadcom Keep Growing Its Dividend

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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