Broadcom Inc. $AVGO Shares Sold by ARS Wealth Advisors Group LLC

Key Points

• ARS Wealth Advisors Group reduced its Broadcom position by 2.8% in the third quarter, selling 3,783 shares and retaining 133,498 shares valued at approximately $46.9 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported stronger-than-expected quarterly results, with EPS of $3.32 versus a $3.22 consensus estimate and revenue of $29.59 billion, up 85.5% year over year. The company also pays a quarterly dividend of $0.65 per share, yielding about 0.8% annually.
• Analysts maintain a generally positive outlook, giving Broadcom a consensus “Moderate Buy” rating and an average price target of $527.20. However, CEO Hock Tan’s warnings about financing costs and speculative AI spending highlight risks to future AI-driven growth.

ARS Wealth Advisors Group LLC decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 133,498 shares of the semiconductor manufacturer's stock after selling 3,783 shares during the period. Broadcom accounts for approximately 3.1% of ARS Wealth Advisors Group LLC's portfolio, making the stock its 6th largest holding. ARS Wealth Advisors Group LLC's holdings in Broadcom were worth $46,883,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Networth Advisors LLC grew its holdings in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 71 shares during the period. Core Capital Management & Research inc. acquired a new position in shares of Broadcom during the 2nd quarter valued at about $31,000. Harborfront Financial Group LLC purchased a new position in shares of Broadcom during the 2nd quarter worth about $38,000. IMG Wealth Management Inc. purchased a new position in shares of Broadcom during the 2nd quarter worth about $64,000. Finally, Gilpin Wealth Management LLC lifted its holdings in shares of Broadcom by 290.2% during the 3rd quarter. Gilpin Wealth Management LLC now owns 199 shares of the semiconductor manufacturer's stock worth $70,000 after acquiring an additional 148 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $328.75 on Monday. 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 Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The stock has a market capitalization of $1.57 trillion, a P/E ratio of 41.99 and a beta of 1.46. The stock has a 50-day simple moving average of $364.33 and a 200-day simple moving average of $384.14.

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

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors 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 annualized dividend and a yield of 0.8%. Broadcom's payout ratio is 33.21%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AVGO. UBS Group cut shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, September 3rd. Weiss Ratings raised shares of Broadcom from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Broadcom in a research report on Thursday, September 3rd. Erste Group Bank reaffirmed a "hold" rating on shares of Broadcom in a research note on Tuesday, July 7th. Finally, Rosenblatt Securities began coverage on shares of Broadcom in a report on Thursday, September 3rd. They issued a "buy" rating and a $600.00 price target on the stock. 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. Based on data from MarketBeat.com, Broadcom presently has an average rating of "Moderate Buy" and an average target price of $527.20.

More 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

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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