Broadcom Inc. $AVGO Stake Increased by N10 Assets LLC

Key Points

• N10 Assets increased its Broadcom stake by 18% in the third quarter, bringing its holdings to 24,645 shares valued at approximately $8.7 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom continues to benefit from strong AI-related demand, including custom accelerators, networking products and hyperscaler contracts. Its latest quarterly results beat expectations, with revenue up 85.5% year over year to $29.59 billion.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $527.20, though valuation, potential AI-related debt and concerns about the sustainability of AI demand remain risks.

N10 Assets LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 18.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,645 shares of the semiconductor manufacturer's stock after purchasing an additional 3,763 shares during the quarter. Broadcom accounts for about 3.2% of N10 Assets LLC's portfolio, making the stock its 15th largest holding. N10 Assets LLC's holdings in Broadcom were worth $8,655,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Broadcom by 8.7% during the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock worth $75,367,711,000 after purchasing an additional 16,651,378 shares during the period. Bank of America Corp DE boosted its stake in shares of Broadcom by 4.6% in the second quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer's stock valued at $23,202,543,000 after buying an additional 2,685,916 shares during the period. Wellington Management Group LLP boosted its stake in shares of Broadcom by 3.8% in the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer's stock valued at $19,484,611,000 after buying an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Broadcom by 2.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer's stock valued at $15,178,195,000 after buying an additional 1,140,598 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Broadcom during the second quarter worth approximately $11,998,148,000. Institutional investors own 76.43% of the company's stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Custom AI accelerators and networking remain major catalysts. Broadcom is benefiting as hyperscalers diversify beyond Nvidia and develop their own chips. Reports point to customer orders extending into 2028, while the company is preparing to launch an AI networking platform at the OCP Global Summit. One Stock Could Benefit as AI Spending Moves Beyond Nvidia Broadcom To Launch AI Networking Platform
• Positive Sentiment: Analysts and investors continue to see fundamental strength. Broadcom’s revenue growth, AI-chip revenue and long-term hyperscaler contracts are being cited as evidence that the market may be undervaluing the business. Erste Group modestly raised its fiscal 2027 EPS estimate to $17.59, although it retained a Hold rating. Broadcom is The Steady Hand The Market Keeps Discounting
• Positive Sentiment: VMware introduced HyperArmor, a security product designed to protect the ESX hypervisor within VMware Cloud Foundation. The launch supports Broadcom’s infrastructure-software strategy and could strengthen its enterprise offering. Broadcom Introduces VMware HyperArmor
• Neutral Sentiment: CEO Hock Tan’s comments have produced mixed signals. He described AI investing as resembling a “casino” and said capital availability—not memory chips—is the main constraint on AI expansion. The remarks highlight bubble and financing risks, but also suggest demand remains strong. Broadcom CEO Delivers Stark Warning on Artificial Intelligence
• Negative Sentiment: Investors are questioning whether AI demand is sufficient to justify AVGO’s valuation. A potential $50 billion debt deal raises concerns about leverage and funding requirements across the AI ecosystem, while enthusiasm has weakened after recent concerns about OpenAI’s revenue outlook. What a $50 Billion Debt Deal Could Mean for Broadcom Stock

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Evercore set a $578.00 target price on Broadcom and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Wall Street Zen cut Broadcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. DA Davidson set a $350.00 price target on Broadcom and gave the company a "neutral" rating in a research note on Friday, September 4th. Morgan Stanley reaffirmed an "overweight" rating and set a $505.00 price objective (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. Finally, BMO Capital Markets upped their price objective on shares of Broadcom from $455.00 to $575.00 and gave the stock an "outperform" rating in a research report on Thursday, September 3rd. One investment 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $527.20.

Broadcom Price Performance

AVGO traded down $10.58 during trading on Wednesday, hitting $346.73. 9,215,361 shares of the stock traded hands, compared to its average volume of 24,920,906. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The company has a market cap of $1.66 trillion, a price-to-earnings ratio of 44.33 and a beta of 1.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The business has a 50 day moving average price of $369.27 and a 200 day moving average price of $383.32.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share 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 the consensus estimate of $29.24 billion. During the same quarter last year, the business posted $1.69 EPS. The company's revenue was up 85.5% compared to the same quarter last year. Equities research analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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