Broadcom Inc. $AVGO Stock: IFP Advisors Inc Boosts Holdings

Key Points

• IFP Advisors increased its Broadcom stake by 8.4% in the third quarter to 95,263 shares valued at approximately $33.3 million. Institutional investors collectively own 76.43% of AVGO shares.
• Broadcom reported quarterly EPS of $3.32, topping estimates by $0.10, while revenue rose 85.5% year over year to $29.59 billion. The company also paid a quarterly dividend of $0.65 per share, representing a 0.8% yield.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $527.20, though risks include elevated valuation, technical weakness and potential limits on future AI infrastructure spending.

IFP Advisors Inc lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,263 shares of the semiconductor manufacturer's stock after buying an additional 7,377 shares during the period. Broadcom makes up approximately 0.6% of IFP Advisors Inc's investment portfolio, making the stock its 29th biggest holding. IFP Advisors Inc's holdings in Broadcom were worth $33,289,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AVGO. Networth Advisors LLC lifted its holdings in shares of Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 71 shares during the period. Core Capital Management & Research inc. acquired a new position in shares of Broadcom in the second quarter worth about $31,000. Harborfront Financial Group LLC acquired a new stake in Broadcom in the second quarter valued at approximately $38,000. Align Financial LLC grew its stake in Broadcom by 67.2% in the 3rd quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer's stock valued at $38,000 after acquiring an additional 45 shares during the period. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of Broadcom during the second quarter worth about $60,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Up 1.8%

Shares of Broadcom stock opened at $334.59 on Tuesday. The stock has a market cap of $1.60 trillion, a P/E ratio of 42.73 and a beta of 1.46. The stock's 50 day simple moving average is $362.57 and its 200-day simple moving average is $384.32. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. 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 (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The business had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the business earned $1.69 earnings per share. The business's 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio is presently 33.21%.

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 Analysts Forecast Growth

A number of equities analysts have commented on AVGO shares. Royal Bank Of Canada began coverage on Broadcom in a report on Thursday, September 3rd. They set an "outperform" rating for the company. HSBC lowered their price target on Broadcom from $600.00 to $560.00 and set a "buy" rating on the stock in a research note on Thursday, September 3rd. DA Davidson set a $350.00 price target on Broadcom and gave the stock a "neutral" rating in a research report on Friday, September 4th. UBS Group downgraded Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings upgraded Broadcom from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.