Broadcom Inc. $AVGO Stock Bought by Alps Advisors Inc.

Key Points

• Alps Advisors more than doubled its Broadcom stake in the third quarter, adding 15,588 shares to hold 30,850 shares worth about $10.8 million.
• Institutional investors own 76.43% of Broadcom shares. Analysts have a consensus “Moderate Buy” rating and an average price target of $530.52.
• Broadcom’s latest reported quarter beat EPS and revenue estimates, with revenue rising 85.5% year over year.

Alps Advisors Inc. grew its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 102.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,850 shares of the semiconductor manufacturer's stock after acquiring an additional 15,588 shares during the period. Alps Advisors Inc.'s holdings in Broadcom were worth $10,834,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AVGO. Yukon Wealth Management Inc. boosted its holdings in shares of Broadcom by 1.1% in the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock valued at $774,000 after purchasing an additional 26 shares during the period. NerdWallet Wealth Partners LLC grew its position in shares of Broadcom by 2.6% during the 2nd quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock worth $399,000 after buying an additional 27 shares in the last quarter. Veery Capital LLC grew its position in shares of Broadcom by 1.4% during the 2nd quarter. Veery Capital LLC now owns 1,900 shares of the semiconductor manufacturer's stock worth $718,000 after buying an additional 27 shares in the last quarter. Ridgeline Wealth Planning LLC grew its position in shares of Broadcom by 2.1% during the 2nd quarter. Ridgeline Wealth Planning LLC now owns 1,302 shares of the semiconductor manufacturer's stock worth $492,000 after buying an additional 27 shares in the last quarter. Finally, Capital Planning LLC increased its stake in shares of Broadcom by 0.7% during the first quarter. Capital Planning LLC now owns 4,044 shares of the semiconductor manufacturer's stock valued at $1,252,000 after buying an additional 28 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: A broader recovery in AI and chip shares helped lift Broadcom after concerns about data-center expansion and AI regulation contributed to the recent sell-off. Falling oil prices also supported the wider market. Why is Broadcom stock surging?
• Positive Sentiment: Coverage of Google’s large chip-spending forecast renewed focus on Broadcom’s role in custom AI chips. Broadcom is developing custom processors that could help Google and OpenAI meet AI-computing needs beyond reliance on GPUs. The Real Winner of Google’s Chip Forecast: Broadcom
• Positive Sentiment: Several investment articles argued that Broadcom’s AI and custom-chip prospects could support substantial upside, despite its recent share-price weakness. These are bullish opinions, not company guidance. Broadcom: Despite Two Fearful Narratives, Big Healthy Upside
• Neutral Sentiment: Broadcom said it will report fourth-quarter and fiscal 2026 results after the market closes on December 9. The date sets a potential upcoming catalyst but provides no new financial results. Broadcom earnings announcement
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation Sandbox, an open-source ecosystem development that may support its software presence but is not an immediate earnings catalyst. Broadcom contributes VM API project to CNCF
• Negative Sentiment: Risks remain: articles cited margin pressure and a sizable financing structure as concerns, while debate over data-center permitting, policy and AI infrastructure debt could weigh on the chip trade. That makes the recent recovery vulnerable if investor concerns return. Broadcom analyst outlook and risks

Analysts Set New Price Targets

Several analysts recently weighed in on AVGO shares. Tigress Financial initiated coverage on Broadcom in a report on Thursday, October 22nd. They issued a "buy" rating and a $600.00 price objective for the company. KeyCorp reiterated an "overweight" rating and set a $575.00 target price on shares of Broadcom in a report on Thursday, September 3rd. Bank of America cut their target price on shares of Broadcom from $530.00 to $460.00 and set a "buy" rating on the stock in a research report on Thursday, September 3rd. Oppenheimer initiated coverage on shares of Broadcom in a report on Tuesday, October 27th. They issued a "buy" rating for the company. Finally, Arete Research boosted their price target on shares of Broadcom from $488.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $530.52.

Broadcom Stock Performance

AVGO stock opened at $319.48 on Tuesday. Broadcom Inc. has a one year low of $289.77 and a one year high of $495.00. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 40.80 and a beta of 1.49. 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 firm has a 50-day simple moving average of $346.90 and a two-hundred day simple moving average of $366.13.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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. The firm had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company's quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 EPS. On average, equities analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced 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 0.8%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is 33.21%.

About Broadcom

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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