Broadcom Inc. $AVGO Stock Holdings Increased by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust increased its Broadcom stake by 36.1% in the third quarter, bringing its holdings to 214,690 shares valued at approximately $72.2 million. Institutional investors collectively own 76.43% of Broadcom.
• Analysts maintain a broadly positive outlook, with 37 Buy ratings, one Strong Buy, and three Holds; the stock has a consensus rating of “Moderate Buy” and a $527.20 target price.
• Broadcom exceeded quarterly expectations with $3.32 in adjusted EPS and $29.59 billion in revenue, up 85.5% year over year. The company also paid a quarterly dividend of $0.65 per share, equivalent to a 0.7% yield.

First Citizens Bank & Trust Co. boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 36.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,690 shares of the semiconductor manufacturer's stock after buying an additional 56,991 shares during the period. Broadcom accounts for approximately 1.0% of First Citizens Bank & Trust Co.'s investment portfolio, making the stock its 19th largest holding. First Citizens Bank & Trust Co.'s holdings in Broadcom were worth $72,162,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AVGO. Fullerton Advisors LLC raised its stake in Broadcom by 1.3% during the 1st quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer's stock valued at $616,000 after acquiring an additional 25 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co increased its stake in shares of Broadcom by 0.5% during the first quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock valued at $1,656,000 after acquiring an additional 25 shares during the period. RFG Holdings Inc. raised its holdings in Broadcom by 0.3% during the first quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer's stock worth $2,631,000 after purchasing an additional 26 shares in the last quarter. Yukon Wealth Management Inc. raised its stake in shares of Broadcom by 1.1% in the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock worth $774,000 after buying an additional 26 shares in the last quarter. Finally, NerdWallet Wealth Partners LLC raised its position in Broadcom by 2.6% in the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock worth $399,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AVGO. UBS Group downgraded Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, September 3rd. KeyCorp restated an "overweight" rating and set a $575.00 price target on shares of Broadcom in a report on Thursday, September 3rd. Arete Research boosted their target price on Broadcom from $488.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. President Capital increased their price target on shares of Broadcom from $520.00 to $546.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Finally, Bank of America cut their price target on shares of Broadcom from $530.00 to $460.00 and set a "buy" rating on the stock in a report 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 issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has an average rating of "Moderate Buy" and a consensus target price of $527.20.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $357.31 on Wednesday. Broadcom Inc. has a twelve month low of $289.96 and a twelve month 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. The company has a market cap of $1.71 trillion, a price-to-earnings ratio of 45.63 and a beta of 1.46. The business has a 50 day moving average price of $369.27 and a 200 day moving average price of $383.32.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS 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 business's quarterly revenue was up 85.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.69 EPS. Research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio is presently 33.21%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is preparing to launch an AI networking platform at the OCP Global Summit 2026. The announcement reinforces expectations that the company can benefit from hyperscaler demand for custom AI infrastructure and networking equipment. Broadcom To Launch AI Networking Platform At OCP Global Summit 2026
• Positive Sentiment: Erste Group Bank modestly raised its FY2027 EPS forecast for Broadcom to $17.59 from $17.54. Although the firm maintained a “Hold” rating, the estimate increase signals continued confidence in the company’s earnings growth. Erste Group Bank Raises Broadcom EPS Estimate
• Positive Sentiment: Broadcom introduced VMware HyperArmor, a security product designed to protect the ESX hypervisor within VMware Cloud Foundation. The release could strengthen the company’s infrastructure-software offering and support cross-selling to enterprise customers. Broadcom Introduces VMware HyperArmor
• Neutral Sentiment: CEO Hock Tan cautioned that capital availability, rather than memory-chip supply, may be the largest near-term constraint on AI expansion. His comments highlight demand risks but also underscore the scale of Broadcom’s AI opportunity. Broadcom CEO Identifies Capital Constraints
• Negative Sentiment: Broadcom remains under pressure after retreating sharply from its record high, despite reported AI-chip revenue of $16.7 billion. The decline reflects profit-taking, elevated expectations and investor concern that AI spending may not justify the stock’s premium valuation. Broadcom Stock Down From Peak Despite AI Revenue
• Negative Sentiment: Broader semiconductor-equipment stocks sold off as investors locked in gains from the AI rally, creating a negative read-through for chip-related names, including AVGO. Semiconductor Equipment Stocks Slide

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 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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