Broadcom Inc. $AVGO Stock Holdings Decreased by Aspiriant LLC

Key Points

• Aspiriant LLC reduced its Broadcom position by 17.9% in the third quarter, selling 2,213 shares and retaining 10,182 shares valued at approximately $3.58 million. Institutional investors collectively own 76.43% of Broadcom’s stock.
• Broadcom reported quarterly revenue of $29.59 billion, up 85.5% year over year, and earnings of $3.32 per share, exceeding analyst expectations. The company also pays a quarterly dividend of $0.65 per share, yielding about 0.8% annually.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $527.20, citing long-term AI demand. However, concerns about expensive AI investments, financing costs and a potential slowdown in infrastructure spending pose risks to the growth outlook.

Aspiriant LLC lessened its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,182 shares of the semiconductor manufacturer's stock after selling 2,213 shares during the quarter. Aspiriant LLC's holdings in Broadcom were worth $3,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Networth Advisors LLC increased its holdings 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 acquiring an additional 71 shares in the last quarter. Core Capital Management & Research inc. acquired a new position in Broadcom during the second quarter worth about $31,000. Harborfront Financial Group LLC acquired a new position in Broadcom during the second quarter worth about $38,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Broadcom in the second quarter valued at about $60,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Broadcom in the second quarter valued at about $64,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s long-term AI opportunity remains attractive because hyperscalers and companies including OpenAI, Anthropic, Alphabet and Meta are adopting custom-designed chips and high-speed networking as alternatives to Nvidia GPUs. Analysts and investors continue to view Broadcom’s combination of custom silicon, networking and infrastructure software as a potential long-term growth engine. Will Broadcom Rejoin the $2 Trillion Club in 2027?
• Positive Sentiment: Erste Group raised its FY2027 earnings forecast for Broadcom, while roughly $121.5 million of net ETF purchases on Oct. 14 indicate that some institutional investors continue to add exposure. Broadcom FY2027 Earnings Forecast Raised by Erste Group Bank
• Neutral Sentiment: Broadcom’s reported plan to arrange $60 billion in financing connected to Anthropic could expand its AI relationship and customer opportunity, but it also increases the financial stakes and execution risk of the company’s AI strategy. Broadcom’s Anthropic Bet Gets Bigger
• Neutral Sentiment: Broadcom and CoreWeave rejected tokenized shares offered through the OKX/ICE venue, limiting a potential new trading channel but signaling caution around digital representations of public-company stock. CoreWeave, Broadcom Reject Tokenized Shares
• Negative Sentiment: CEO Hock Tan warned that rising financing costs and speculative, “casino-like” AI investing could slow expansion. His comments raise concerns that AI customers may reduce capital spending or struggle to turn heavy infrastructure investments into profits, weighing particularly on custom-AI-chip suppliers. Broadcom Falls as AI Capital Warning Weighs
• Negative Sentiment: Higher-than-expected inflation and expectations for higher interest rates are prompting investors to rotate away from expensive technology and AI stocks. A Gartner warning that many neocloud companies could fail or consolidate by 2030 has intensified fears of an AI infrastructure spending mismatch. MarketBeat Week in Review
• Negative Sentiment: Reports that Apple may cut iPhone 18 Pro component orders create an additional demand concern for suppliers, although Broadcom’s exposure and potential impact appear less direct than for some peers. Apple Cut iPhone 18 Orders

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $328.75 on Friday. The company has a market cap of $1.57 trillion, a P/E ratio of 41.99 and a beta of 1.46. The business has a fifty day simple moving average of $364.33 and a 200-day simple moving average of $383.51. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. 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 earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The firm had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the prior year, the business posted $1.69 earnings per share. The firm's revenue for the quarter was up 85.5% compared to the same quarter last year. Equities research analysts forecast that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom's dividend payout ratio is currently 33.21%.

Analyst Ratings Changes

Several analysts have recently commented on AVGO shares. Royal Bank Of Canada began coverage on shares of Broadcom in a research report on Thursday, September 3rd. They issued an "outperform" rating on the stock. Piper Sandler began coverage on shares of Broadcom in a research note on Wednesday, September 9th. They set an "overweight" rating and a $460.00 price objective for the company. Citigroup restated a "buy" rating and set a $515.00 price objective (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. The Goldman Sachs Group upped their target price on Broadcom from $525.00 to $540.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $505.00 target price (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $527.20.

About Broadcom

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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