Broadcom Inc. $AVGO Stock Bought by Private Wealth Partners LLC

Key Points

• Private Wealth Partners increased its Broadcom stake by 45.8% in the third quarter, bringing its holdings to 9,576 shares valued at approximately $3.36 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom’s AI infrastructure outlook remains strong, supported by a reported $63 billion financing vehicle for AI-computing infrastructure and Anthropic’s $224.5 billion in non-cancelable compute commitments. However, supplier diversification by Alphabet and tighter debt-market funding pose risks.
• Broadcom recently exceeded quarterly earnings and revenue expectations, with revenue up 85.5% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $529.17, despite the stock trading well below its 52-week high.

Private Wealth Partners LLC increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 45.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,576 shares of the semiconductor manufacturer's stock after acquiring an additional 3,006 shares during the period. Private Wealth Partners LLC's holdings in Broadcom were worth $3,363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cornerstone Advisors LLC purchased a new position in shares of Broadcom in the 2nd quarter worth about $92,522,000. GAMMA Investing LLC boosted its stake in Broadcom by 8.8% in the 3rd quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer's stock worth $55,889,000 after purchasing an additional 13,317 shares in the last quarter. ANB Bank purchased a new stake in Broadcom during the 3rd quarter valued at about $1,181,000. Bank of America Corp DE grew its position in Broadcom by 1.5% during the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock valued at $18,179,719,000 after purchasing an additional 894,564 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in Broadcom during the 2nd quarter valued at about $3,302,000. 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: A coalition of banks and Blackstone is reportedly arranging a $63 billion financing vehicle to purchase AI-computing infrastructure from Broadcom and lease it to Anthropic. The proposed transaction would provide a potentially significant source of demand and revenue visibility. Banks, Blackstone Form $63 Billion Financing Vehicle for Broadcom AI Tech
• Positive Sentiment: Anthropic’s IPO filing disclosed approximately $224.5 billion of non-cancelable compute commitments with Amazon and Alphabet. The scale of those commitments supports continued spending on custom AI accelerators and networking equipment supplied or co-designed by Broadcom. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Reports highlight unusually heavy call-option activity and argue that Broadcom’s custom AI chips are gaining popularity among major AI companies. Bullish commentary also points to strong projected growth in custom silicon and networking through 2030. Huge, unusual call option activity in Broadcom shows investors bullish on AVGO stock
• Neutral Sentiment: Broadcom’s stock is being described as potentially attractive after reaching a six-month low, although investors remain focused on whether future AI growth is already reflected in its premium valuation. Broadcom Is At a 6-Month Low - Is AVGO Stock Too Cheap?
• Negative Sentiment: Alphabet is reportedly diversifying its TPU suppliers to include MediaTek, raising concerns that Broadcom could lose some custom-chip business. Growing demand from Anthropic and OpenAI may offset that risk, but supplier diversification remains an important competitive threat. Broadcom's AI Chip Business Is Booming, But Alphabet's Strategy Highlights 2 Key Risks
• Negative Sentiment: Concerns that debt-market funding for AI data centers is tightening could slow infrastructure construction and customer spending. Separately, Erste Group Bank cut its earnings estimates for Broadcom, adding near-term pressure to expectations.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Lake Street Capital raised shares of Broadcom to a "buy" rating in a report on Thursday, September 3rd. Wall Street Zen downgraded shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. DA Davidson set a $350.00 price target on shares of Broadcom and gave the company a "neutral" rating in a report on Friday, September 4th. TD Cowen reissued a "buy" rating and set a $475.00 price target (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. Finally, Fox Advisors upgraded shares of Broadcom to an "outperform" rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has an average rating of "Moderate Buy" and a consensus target price of $529.17.

Broadcom Stock Performance

Shares of AVGO stock opened at $329.17 on Tuesday. The company has a 50 day moving average price of $356.76 and a 200-day moving average price of $367.07. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The firm has a market capitalization of $1.57 trillion, a PE ratio of 42.04 and a beta of 1.46. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO - Get Free Report) last released 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. The firm had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm's quarterly revenue was up 85.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.69 earnings per share. As a group, equities research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's payout ratio is 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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