Broadcom Inc. $AVGO Stock Bought by Guardian Partners Inc.

Key Points

• Guardian Partners increased its Broadcom holdings by 82.7% in the third quarter, owning 6,969 shares worth approximately $2.45 million. Other institutional investors also added positions, and institutions collectively own 76.43% of AVGO.
• Analysts remain broadly bullish, with Broadcom holding a consensus “Moderate Buy” rating and an average price target of $529.17. The company’s latest quarter exceeded earnings and revenue expectations, with revenue up 85.5% year over year.
• Broadcom’s AI-chip growth and strong demand from hyperscalers support its outlook, but risks include Alphabet diversifying TPU suppliers, rising competition and broader weakness in AI stocks. Shares opened at $321.68, down 0.5%, while the company maintains a quarterly dividend of $0.65 per share.

Guardian Partners Inc. raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 82.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,969 shares of the semiconductor manufacturer's stock after purchasing an additional 3,155 shares during the period. Guardian Partners Inc.'s holdings in Broadcom were worth $2,447,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AVGO. Strengthening Families & Communities LLC increased its position in Broadcom by 5.0% during the 3rd quarter. Strengthening Families & Communities LLC now owns 18,407 shares of the semiconductor manufacturer's stock worth $6,464,000 after purchasing an additional 880 shares in the last quarter. Schuylkill Financial LLC increased its stake in shares of Broadcom by 5.2% in the third quarter. Schuylkill Financial LLC now owns 2,580 shares of the semiconductor manufacturer's stock valued at $906,000 after buying an additional 127 shares during the period. Ellis Investment Partners LLC raised its holdings in Broadcom by 6.4% during the 3rd quarter. Ellis Investment Partners LLC now owns 2,893 shares of the semiconductor manufacturer's stock worth $1,016,000 after purchasing an additional 173 shares during the last quarter. Sawyer & Company Inc bought a new stake in shares of Broadcom in the 3rd quarter valued at $5,549,000. Finally, Fifth Third Securities Inc. bought a new position in Broadcom during the third quarter worth $220,000. 76.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AVGO. Evercore set a $578.00 price target on shares of Broadcom and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Arete Research lifted their price objective on Broadcom from $488.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Lake Street Capital raised Broadcom to a "buy" rating in a research note on Thursday, September 3rd. Truist Financial cut their target price on Broadcom from $550.00 to $520.00 and set a "buy" rating on the stock in a research report on Thursday, September 3rd. Finally, Cantor Fitzgerald raised their target price on Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $529.17.

Key Stories Impacting Broadcom

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 Trading Down 0.5%

AVGO opened at $321.68 on Friday. Broadcom Inc. has a 1-year low of $289.96 and a 1-year 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 company has a market cap of $1.54 trillion, a P/E ratio of 41.08 and a beta of 1.46. The company has a fifty day moving average price of $356.05 and a two-hundred day moving average price of $384.25.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating the consensus estimate 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 prior year, the business earned $1.69 earnings per share. The business's quarterly revenue was up 85.5% compared to the same quarter last year. Analysts predict 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. Investors of record on Monday, September 21st were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio (DPR) 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 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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