Broadcom Inc. $AVGO Stock Holdings Lessened by Grant Private Wealth Management Inc

Key Points

• Grant Private Wealth Management cut its Broadcom position by 49.6% in the third quarter, selling 15,876 shares and retaining 16,153 shares valued at approximately $5.67 million.
• Institutional ownership remains high at 76.43%, with several firms adding to or initiating Broadcom positions during the quarter. Analysts maintain a “Moderate Buy” consensus and an average price target of $527.20.
• Broadcom reported quarterly revenue of $29.59 billion, up 85.5% year over year, and earnings of $3.32 per share, exceeding estimates. However, the company faces risks from elevated valuation, technical weakness and potential limits on the financing and returns of AI infrastructure spending.

Grant Private Wealth Management Inc decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 49.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,153 shares of the semiconductor manufacturer's stock after selling 15,876 shares during the period. Broadcom makes up 2.5% of Grant Private Wealth Management Inc's holdings, making the stock its 10th biggest position. Grant Private Wealth Management Inc's holdings in Broadcom were worth $5,673,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC grew its stake in shares of Broadcom by 337.3% during the third quarter. Signature Resources Capital Management LLC now owns 3,634 shares of the semiconductor manufacturer's stock worth $1,276,000 after buying an additional 2,803 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its holdings in Broadcom by 0.9% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 12,104 shares of the semiconductor manufacturer's stock worth $4,251,000 after acquiring an additional 111 shares during the last quarter. FIDELIS iM LLC bought a new position in shares of Broadcom during the third quarter valued at $386,000. IFP Advisors Inc lifted its holdings in Broadcom by 8.4% during the 3rd quarter. IFP Advisors Inc now owns 95,263 shares of the semiconductor manufacturer's stock worth $33,289,000 after buying an additional 7,377 shares during the period. Finally, Elevated Financial Group LLC bought a new stake in shares of Broadcom in the 3rd quarter valued at $477,000. 76.43% of the stock is owned by institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom benefited from renewed optimism around custom silicon after analysts characterized a reported delay to Alphabet’s next TPU generation as manageable for its chip partners. The view supports expectations that hyperscaler demand for Broadcom’s AI accelerators and networking products remains strong. Marvell and Broadcom AI-chip demand article
• Positive Sentiment: Several reports argue that Broadcom is positioned to capture a growing share of the custom-chip market as cloud providers build AI infrastructure. Analysts cited in recent coverage see substantial upside after the stock’s underperformance over the past six months. Broadcom analyst upside article
• Positive Sentiment: Institutional investors appear to be treating the semiconductor pullback as a buying opportunity rather than evidence of weakening fundamentals. Broadcom is included among the chipmakers supported by ongoing hyperscaler capital spending and the broader AI hardware cycle. Chip stocks institutional buying article
• Neutral Sentiment: Broadcom and other companies objected to OKX-ICE listing tokenized versions of their shares. The dispute could create legal or investor-relations complications, but it does not currently change Broadcom’s operating outlook. Tokenized Broadcom shares article
• Negative Sentiment: Broadcom’s CEO warned that AI demand could eventually face a financing and return-on-investment constraint, even if computing demand exceeds supply through 2029 or 2030. The comments highlight the risk that customers may slow spending if AI infrastructure economics deteriorate. Broadcom CEO AI-demand risks article
• Negative Sentiment: Technical coverage described the rebound as vulnerable to a “dead cat bounce,” with a developing death-cross pattern and continuing concerns about elevated valuation after the stock’s decline from its high. Broadcom technical rebound article

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AVGO shares. Weiss Ratings upgraded shares of Broadcom from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. DA Davidson set a $350.00 price objective on shares of Broadcom and gave the company a "neutral" rating in a report on Friday, September 4th. Citic Securities upgraded Broadcom to a "buy" rating and upped their target price for the stock from $450.00 to $525.00 in a research note on Tuesday, September 8th. Morgan Stanley restated an "overweight" rating and issued a $505.00 price objective (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Finally, HSBC decreased their target price on shares of Broadcom from $600.00 to $560.00 and set a "buy" rating on the stock in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Broadcom presently has an average rating of "Moderate Buy" and a consensus target price of $527.20.

Broadcom Trading Up 1.8%

NASDAQ:AVGO opened at $334.59 on Tuesday. The firm has a market capitalization of $1.60 trillion, a P/E ratio of 42.73 and a beta of 1.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The company's 50-day simple moving average is $362.57 and its 200 day simple moving average is $384.32.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter last year, the firm earned $1.69 earnings per share. The firm's quarterly revenue was up 85.5% compared to the same quarter last year. As a group, analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The company 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 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is presently 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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