Broadcom Inc. $AVGO Shares Sold by Stableford Capital II LLC

Key Points

• Stableford Capital II LLC reduced its Broadcom stake by 44.6% in the third quarter, selling 2,876 shares and retaining 3,577 shares valued at approximately $1.26 million.
• Institutional investors own 76.43% of Broadcom, while analysts maintain a broadly bullish view with a consensus “Moderate Buy” rating and an average price target of $527.20.
• Broadcom reported quarterly revenue of $29.59 billion, up 85.5% year over year, and earnings of $3.32 per share, beating estimates; the company also declared a quarterly dividend of $0.65 per share.

Stableford Capital II LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 44.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,577 shares of the semiconductor manufacturer's stock after selling 2,876 shares during the quarter. Stableford Capital II LLC's holdings in Broadcom were worth $1,256,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AVGO. Legal & General Group Plc bought a new position in shares of Broadcom during the second quarter worth about $11,998,148,000. Bank of New York Mellon Corp bought a new stake in Broadcom in the second quarter valued at approximately $10,528,191,000. Jupiter Topco LLC acquired a new stake in Broadcom during the 2nd quarter valued at approximately $7,396,271,000. State Street Corp increased its position in Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock valued at $75,367,711,000 after purchasing an additional 16,651,378 shares during the period. Finally, Deutsche Bank AG bought a new position in Broadcom during the 2nd quarter worth approximately $5,661,216,000. Institutional investors own 76.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. BNP Paribas Exane boosted their price target on shares of Broadcom from $675.00 to $715.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. Morgan Stanley reissued an "overweight" rating and set a $505.00 target price (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. Citigroup restated a "buy" rating and issued a $515.00 target price (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. Evercore set a $578.00 price target on shares of Broadcom and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Finally, President Capital increased their price target on Broadcom from $520.00 to $546.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Broadcom currently has a consensus rating of "Moderate Buy" and an average price target of $527.20.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly arranging more than $50 billion in financing for custom AI chips being developed with OpenAI. The deal would support a potentially significant customer relationship and reinforce Broadcom’s position as a supplier of custom accelerators and networking infrastructure to hyperscalers. Apollo Global Management and Blackstone are among the potential lenders. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: At the 2026 OCP Global Summit, Broadcom highlighted networking products designed to help AI data centers scale across racks and clusters. The focus on high-bandwidth, interoperable networking supports the company’s strategy to benefit from both AI compute and the infrastructure connecting those systems. Broadcom redefines AI infrastructure
• Neutral Sentiment: Jim Cramer advised a viewer not to sell Broadcom after its strong results, while disclosing that he had trimmed his own position. The comments offer some public support but are unlikely to materially change the investment case. Jim Cramer discussed Broadcom
• Negative Sentiment: The proposed OpenAI financing has also raised concerns about leverage, execution and the risk that expensive AI chips could become obsolete before related debt is repaid. The size of the commitment increases Broadcom’s exposure to a small number of major AI customers and to continued data-center spending. AI chip debt deals raise risks
• Negative Sentiment: Analysts and financial commentators continue to debate whether Broadcom’s share price adequately reflects its projected AI growth. After a very large multiyear advance, the company’s premium valuation leaves less room for delays, weaker customer demand or disappointing cash-flow conversion. Broadcom stock valuation analysis

Broadcom Price Performance

Broadcom stock opened at $360.14 on Friday. The stock has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 45.99 and a beta of 1.46. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. 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's 50 day moving average price is $371.79 and its two-hundred day moving average price is $382.52.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $29.24 billion. During the same quarter in the previous year, the business posted $1.69 EPS. Broadcom's revenue for the quarter was up 85.5% compared to the same quarter last year. On average, equities analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's payout ratio is 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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