Broadcom Inc. $AVGO Stock: Inspire Investing LLC Trims Position

Key Points

• Inspire Investing LLC trimmed its Broadcom position by 1.1%, selling 3,169 shares and retaining 282,326 shares valued at approximately $99.15 million. Broadcom remains the fund’s largest holding, representing 4.1% of its portfolio.
• Broadcom reported quarterly EPS of $3.32, exceeding estimates, while revenue rose 85.5% year over year to $29.59 billion. The company also maintains a quarterly dividend of $0.65 per share.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus rating and an average price target of $529.17, although risks include potential supplier diversification by Alphabet and tighter financing conditions for AI data centers.

Inspire Investing LLC reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 282,326 shares of the semiconductor manufacturer's stock after selling 3,169 shares during the period. Broadcom comprises 4.1% of Inspire Investing LLC's portfolio, making the stock its biggest position. Inspire Investing LLC's holdings in Broadcom were worth $99,150,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AVGO. Fullerton Advisors LLC boosted its stake in shares of Broadcom by 1.3% during the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer's stock valued at $616,000 after purchasing an additional 25 shares during the period. NORTHSTAR ASSET MANAGEMENT Co grew its holdings in shares of Broadcom by 0.5% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock worth $1,656,000 after purchasing an additional 25 shares during the last quarter. Yukon Wealth Management Inc. grew its holdings in shares of Broadcom by 1.1% in the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock worth $774,000 after purchasing an additional 26 shares during the last quarter. NerdWallet Wealth Partners LLC increased its stake in Broadcom by 2.6% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock worth $399,000 after buying an additional 27 shares during the period. Finally, Veery Capital LLC increased its stake in Broadcom by 1.4% in the 2nd quarter. Veery Capital LLC now owns 1,900 shares of the semiconductor manufacturer's stock worth $718,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Up 2.3%

NASDAQ:AVGO opened at $329.17 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The stock has a market capitalization of $1.57 trillion, a P/E ratio of 42.04 and a beta of 1.46. The company's 50-day simple moving average is $356.76 and its 200-day simple moving average is $367.07. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating 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 company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the company posted $1.69 EPS. The firm's quarterly revenue was up 85.5% compared to the same quarter last year. On average, equities analysts anticipate that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AVGO shares. Arete Research lifted their price objective on shares of Broadcom from $488.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Morgan Stanley reissued an "overweight" rating and issued a $505.00 price objective (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. BNP Paribas Exane upped their target price on shares of Broadcom from $675.00 to $715.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. Tigress Financial began coverage on shares of Broadcom in a research report on Thursday, October 22nd. They set a "buy" rating and a $600.00 target price on the stock. Finally, Weiss Ratings raised Broadcom from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $529.17.

Broadcom News Roundup

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.

Broadcom Company 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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