Broadcom Inc. $AVGO Stake Raised by Ashurst Perkins Coie Trust Co

Key Points

• Ashurst Perkins Coie Trust Co increased its Broadcom stake by 21.4% in the third quarter, bringing its holdings to 42,218 shares worth approximately $14.8 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported quarterly earnings of $3.32 per share and revenue of $29.59 billion, exceeding analyst expectations, while revenue rose 85.5% year over year. The company also pays a quarterly dividend of $0.65 per share, representing a 0.8% yield.
• Analysts maintain a generally positive view, with Broadcom carrying a “Moderate Buy” consensus rating and an average price target of $527.20. However, concerns include its high valuation, potential AI-related financing and leverage risks, and weaker smartphone demand tied to reported Apple order cuts.

Ashurst Perkins Coie Trust Co lifted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 21.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,218 shares of the semiconductor manufacturer's stock after buying an additional 7,435 shares during the quarter. Broadcom makes up approximately 2.4% of Ashurst Perkins Coie Trust Co's portfolio, making the stock its 13th biggest holding. Ashurst Perkins Coie Trust Co's holdings in Broadcom were worth $14,827,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Networth Advisors LLC raised its holdings in shares of 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 acquiring an additional 71 shares in the last quarter. Core Capital Management & Research inc. purchased a new position in shares of Broadcom during the second quarter worth about $31,000. Harborfront Financial Group LLC purchased a new position in shares of Broadcom during the second quarter worth about $38,000. Coppell Advisory Solutions LLC purchased a new position in shares of Broadcom during the second quarter worth about $60,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Broadcom in the second quarter worth approximately $64,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

AVGO opened at $344.33 on Friday. The stock's 50 day simple moving average is $366.31 and its 200 day simple moving average is $383.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The firm has a market cap of $1.64 trillion, a price-to-earnings ratio of 43.98 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping 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 business had revenue of $29.59 billion for the quarter, compared to analysts' expectations of $29.24 billion. During the same period in the previous year, the firm earned $1.69 EPS. The business's quarterly revenue was up 85.5% on a year-over-year basis. As a group, analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is currently 33.21%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of recent analyst reports. Lake Street Capital raised shares of Broadcom to a "buy" rating in a research note on Thursday, September 3rd. Bank of America cut their price target on shares of Broadcom from $530.00 to $460.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Wall Street Zen lowered shares of Broadcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. DA Davidson set a $350.00 price target on shares of Broadcom and gave the stock a "neutral" rating in a report on Friday, September 4th. Finally, Morgan Stanley restated 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. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $527.20.

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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