Broadcom Inc. $AVGO Stock Acquired by Hosking Partners LLP

Key Points

• Hosking Partners increased its Broadcom stake by 2.9% in the third quarter, bringing its holdings to 118,895 shares valued at approximately $41.8 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported strong quarterly results, with revenue rising 85.5% year over year to $29.59 billion and EPS of $3.32, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $529.17.
• Despite continued demand for its custom AI chips and positive institutional buying, Broadcom faces risks from Alphabet’s supplier diversification, competition and broader concerns about AI-related spending; the stock recently traded near $321.68.

Hosking Partners LLP raised its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 118,895 shares of the semiconductor manufacturer's stock after purchasing an additional 3,323 shares during the quarter. Broadcom accounts for 1.4% of Hosking Partners LLP's portfolio, making the stock its 25th biggest position. Hosking Partners LLP's holdings in Broadcom were worth $41,755,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Networth Advisors LLC boosted its position in Broadcom by 546.2% during 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. bought a new stake in Broadcom in the 2nd quarter worth $31,000. Harborfront Financial Group LLC purchased a new position in shares of Broadcom in the second quarter valued at about $38,000. Align Financial LLC increased its position in shares of Broadcom by 67.2% in the third quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer's stock valued at $38,000 after acquiring an additional 45 shares during the period. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Broadcom in the second quarter valued at about $60,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: ETF investors bought approximately $89.8 million of Broadcom shares on October 21, signaling continued institutional demand. Broadcom Sees $89.8 Million in Net ETF Buying
• Positive Sentiment: Analysts continue to highlight Broadcom’s leadership in custom AI accelerators. Demand from major AI labs and hyperscalers, including Anthropic, OpenAI and Meta, supports management’s ambitious long-term AI semiconductor growth outlook. 3 Magnificent AI Chip Stocks
• Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $600 price target, implying substantial upside from recent trading levels. Tigress Financial Broadcom Coverage
• Positive Sentiment: Broadcom launched Arcot Scam Defense, a real-time fraud-detection feature for digital payments. Strong initial pilot results could create incremental growth for its software and security businesses. Broadcom Debuts Arcot Scam Defense
• Neutral Sentiment: Broadcom remains the leading custom-chip design partner, but Alphabet is diversifying its TPU suppliers. Although Broadcom may lose market share, the overall AI accelerator market is expected to expand rapidly, potentially offsetting that loss. Broadcom AI Chip Business Risks
• Negative Sentiment: Investors are worried that customer-owned chip design and increased competition from MediaTek could reduce Broadcom’s role and margins in future AI programs. Alphabet’s supplier diversification is the clearest near-term risk. Broadcom AI Chip Business Risks
• Negative Sentiment: The broader market sell-off is weighing on AI stocks amid higher oil prices, inflation concerns and questions about whether massive data-center investments will generate sufficient returns. Technical commentary identifies the $320 area as an important support test. Broadcom Faces Critical $320 Test

Broadcom Stock Down 0.5%

Shares of NASDAQ AVGO opened at $321.68 on Friday. The firm has a fifty day simple moving average of $356.05 and a two-hundred day simple moving average of $384.25. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1.54 trillion, a PE ratio of 41.08 and a beta of 1.46.

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

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders 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 yield of 0.8%. Broadcom's dividend payout ratio (DPR) is 33.21%.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of analyst reports. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Broadcom in a report on Thursday, September 3rd. Erste Group Bank restated a "hold" rating on shares of Broadcom in a report on Tuesday, July 7th. Fox Advisors raised Broadcom to an "outperform" rating in a research report on Thursday, September 3rd. Truist Financial dropped their price objective on Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Finally, UBS Group lowered Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $529.17.

Broadcom Company 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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