Broadcom Inc. $AVGO Shares Sold by Philadelphia Trust Co.

Key Points

• Philadelphia Trust Co. reduced its Broadcom stake by 27.7% in the third quarter, selling 26,666 shares. It retained 69,757 shares, valued at about $24.5 million and representing 1.6% of its portfolio.
• Broadcom’s latest reported quarter beat analyst expectations, with EPS of $3.32 versus a $3.22 consensus and revenue of $29.59 billion versus $29.24 billion. Revenue rose 85.5% year over year.
• Analyst sentiment remained broadly positive: 39 analysts rated the stock a Buy and the consensus price target was $530.52. The article also notes that Broadcom could benefit from AI-chip demand, while tighter U.S. export controls pose a potential risk.

Philadelphia Trust Co. cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 27.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,757 shares of the semiconductor manufacturer's stock after selling 26,666 shares during the period. Broadcom accounts for approximately 1.6% of Philadelphia Trust Co.'s portfolio, making the stock its 18th largest holding. Philadelphia Trust Co.'s holdings in Broadcom were worth $24,498,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Core Capital Management & Research inc. bought a new stake in Broadcom during the 2nd quarter worth approximately $31,000. DecisionPoint Financial LLC boosted its holdings in Broadcom by 101.9% in the 3rd quarter. DecisionPoint Financial LLC now owns 105 shares of the semiconductor manufacturer's stock valued at $36,000 after purchasing an additional 53 shares during the period. Harborfront Financial Group LLC bought a new position in Broadcom in the 2nd quarter valued at $38,000. Align Financial LLC grew its position in shares of Broadcom by 67.2% during the 3rd quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer's stock valued at $38,000 after purchasing an additional 45 shares in the last quarter. Finally, Curry Webb Wealth Management LLC purchased a new position in shares of Broadcom during the 3rd quarter valued at $41,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom News Roundup

Here's some of the latest news about AVGO:

• Positive Sentiment: Investors are rotating toward rival chipmakers as uncertainty around Nvidia creates a potential opening for Broadcom to win more AI-chip business. Broadcom’s custom-chip focus positions it to benefit if hyperscalers expand alternatives to Nvidia’s products. Why Broadcom Stock Rallied Thursday Morning
• Positive Sentiment: Industry spending remains a supportive backdrop: analyst estimates for hyperscaler capital expenditures have risen sharply, suggesting continued investment in AI infrastructure that could underpin demand for Broadcom’s custom chips and related systems. Great News for Nvidia, Micron, Broadcom, and AMD Stock Investors
• Negative Sentiment: Potentially tighter U.S. export controls and hardware-tracking rules could add compliance costs and delay international AI deployments. Such restrictions may affect Broadcom and other semiconductor suppliers, even if demand for AI infrastructure remains strong. Midterm Fallout, NVIDIA Turmoil, Anthropic’s IPO: Is Broadcom a Steal?

Broadcom Stock Performance

Broadcom stock opened at $364.36 on Friday. The firm's fifty day moving average price is $345.59 and its 200-day moving average price is $366.48. 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 stock has a market cap of $1.74 trillion, a P/E ratio of 46.53 and a beta of 1.49. Broadcom Inc. has a fifty-two week low of $289.77 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted 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 net margin of 42.94% and a return on equity of 48.33%. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the firm posted $1.69 EPS. The firm's revenue was up 85.5% compared to the same quarter last year. On average, equities research analysts expect that Broadcom Inc. will post 10.20 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders 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 yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Analyst Ratings Changes

Several research analysts have recently weighed in on AVGO shares. Evercore set a $578.00 price target on shares of Broadcom and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Morgan Stanley restated an "overweight" rating and set a $505.00 target price (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. BMO Capital Markets upped their target price on Broadcom from $455.00 to $575.00 and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Bank of America lowered their price target on Broadcom from $530.00 to $460.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Finally, Sanford C. Bernstein reiterated a "buy" rating on shares of Broadcom in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $530.52.

Broadcom Company Profile

Broadcom Inc. is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics. Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.

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