Broadcom Inc. $AVGO Stock Bought by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC increased its Broadcom stake by 713.1% in the third quarter, adding 28,803 shares to own 32,842 shares worth approximately $11.5 million. Institutional investors collectively own 76.43% of Broadcom’s outstanding stock.
• Broadcom reported quarterly revenue of $29.59 billion and earnings of $3.32 per share, exceeding analyst expectations, while revenue rose 85.5% year over year. The company also pays a quarterly dividend of $0.65, equivalent to a 0.7% yield.
• Wall Street maintains a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $527.20 versus the reported share price of $360.14. However, the stock’s roughly 46 times earnings valuation and proposed AI-chip financing introduce downside and leverage risks.

Galvin Gaustad & Stein LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 713.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,842 shares of the semiconductor manufacturer's stock after purchasing an additional 28,803 shares during the quarter. Galvin Gaustad & Stein LLC's holdings in Broadcom were worth $11,534,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dorato Capital Management purchased a new stake in Broadcom during the third quarter worth $694,000. Grove Bank & Trust grew its position in shares of Broadcom by 1.6% in the third quarter. Grove Bank & Trust now owns 15,562 shares of the semiconductor manufacturer's stock valued at $5,465,000 after purchasing an additional 242 shares during the period. Wisconsin Wealth Advisors LLC boosted its holdings in Broadcom by 0.5% in the 3rd quarter. Wisconsin Wealth Advisors LLC now owns 10,368 shares of the semiconductor manufacturer's stock worth $3,641,000 after buying an additional 49 shares during the last quarter. Financial Enhancement Group LLC lifted its position in shares of Broadcom by 2.8% in the third quarter. Financial Enhancement Group LLC now owns 42,004 shares of the semiconductor manufacturer's stock valued at $15,815,000 after acquiring an additional 1,149 shares in the last quarter. Finally, Overbrook Management Corp boosted its stake in Broadcom by 8.6% during the 3rd quarter. Overbrook Management Corp now owns 112,603 shares of the semiconductor manufacturer's stock worth $39,545,000 after purchasing an additional 8,919 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Stock Performance

Shares of AVGO stock opened at $360.14 on Friday. The company has a market cap of $1.72 trillion, a P/E ratio of 45.99 and a beta of 1.46. The firm has a fifty day moving average price of $371.79 and a 200 day moving average price of $382.52. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS 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 the consensus estimate of $29.24 billion. During the same period last year, the firm posted $1.69 EPS. The company's revenue was up 85.5% on a year-over-year basis. Sell-side analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business 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 dividend yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is 33.21%.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of analyst reports. Cantor Fitzgerald upped their price target on Broadcom from $525.00 to $600.00 and gave the company an "overweight" rating in a research report on Thursday, September 3rd. Bank of America cut their price objective on shares of Broadcom from $530.00 to $460.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Dbs Bank upgraded shares of Broadcom to a "moderate buy" rating in a report on Thursday, June 18th. DA Davidson set a $350.00 price target on shares of Broadcom and gave the company a "neutral" rating in a research note on Friday, September 4th. Finally, President Capital raised their price target on shares of Broadcom from $520.00 to $546.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $527.20.

Broadcom News Roundup

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 project could substantially expand Broadcom’s AI-chip opportunity and validate demand from one of the industry’s largest customers. Apollo Global Management and Blackstone are among the potential lenders, although discussions remain preliminary. 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 support scale-up and scale-out AI clusters. Stronger Ethernet networking demand could complement its custom accelerators and switching businesses as hyperscalers expand AI infrastructure. Broadcom Redefines AI Infrastructure with Industry-Leading Networking Innovations
• Positive Sentiment: Analysts and financial commentators continue to point to rapid growth in Broadcom’s custom AI-chip and networking businesses. The company’s technology was also included in Arista Networks’ new open Ethernet rack initiative, reinforcing Broadcom’s role in the broader AI infrastructure ecosystem. Broadcom CEO Holds $350B Outlook Strong
• Neutral Sentiment: Heavy trading in Broadcom call options and bullish technical commentary indicate that some traders expect a rebound, but these signals reflect positioning rather than changes to the company’s fundamentals. Stock Traders Buy High Volume of Broadcom Call Options
• Negative Sentiment: The proposed financing raises concerns about leverage, repayment risk and whether AI chips could become obsolete before long-term debt matures. The financing is not finalized, and its size and terms could change, creating uncertainty for investors. SpaceX, Broadcom and Oracle All Want Billions in AI Chip Debt
• Negative Sentiment: Broadcom’s valuation remains demanding at roughly 46 times earnings, leaving the stock vulnerable to profit-taking if investors question the pace of AI spending or the company’s ability to convert projected growth into cash flow.

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 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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