Broadcom Inc. $AVGO Stock Position Boosted by Loftus Peak Pty Ltd

Key Points

• Loftus Peak Pty Ltd increased its Broadcom position by 54% in the third quarter, adding 35,153 shares to own 100,214 shares worth approximately $35.2 million. Broadcom now represents 4.1% of the fund’s portfolio, while institutional investors collectively own 76.43% of the stock.
• Wall Street sentiment remains broadly positive, with one Strong Buy, 37 Buy, and three Hold ratings and a consensus price target of $527.20. Broadcom also exceeded quarterly earnings and revenue expectations, reporting $3.32 in EPS and $29.59 billion in revenue, up 85.5% year over year.
• AI demand is a major growth catalyst, but risks remain: analysts cite strong custom-chip and networking demand, while concerns include high valuation, potential financing and leverage risks, softer smartphone orders, and warnings that excessive AI investment could slow.

Loftus Peak Pty Ltd grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 54.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 100,214 shares of the semiconductor manufacturer's stock after acquiring an additional 35,153 shares during the period. Broadcom comprises 4.1% of Loftus Peak Pty Ltd's holdings, making the stock its 8th largest holding. Loftus Peak Pty Ltd's holdings in Broadcom were worth $35,194,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Fullerton Advisors LLC increased its holdings in Broadcom by 1.3% in 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 lifted its holdings in Broadcom by 0.5% during the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock worth $1,656,000 after buying an additional 25 shares during the period. RFG Holdings Inc. lifted its holdings in Broadcom by 0.3% during the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer's stock worth $2,631,000 after buying an additional 26 shares during the period. Yukon Wealth Management Inc. lifted its holdings in Broadcom by 1.1% during 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 during the period. Finally, NerdWallet Wealth Partners LLC grew its position in shares of Broadcom by 2.6% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock valued at $399,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AVGO shares. President Capital increased their price target on Broadcom from $520.00 to $546.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Jefferies Financial Group began coverage on Broadcom in a research note on Thursday, September 3rd. They issued a "buy" rating and a $550.00 price objective on the stock. Rosenblatt Securities assumed coverage on Broadcom in a research note on Thursday, September 3rd. They issued a "buy" rating and a $600.00 price objective on the stock. Piper Sandler initiated coverage on Broadcom in a report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 target price on the stock. Finally, BNP Paribas Exane increased their target price on shares of Broadcom from $675.00 to $715.00 and gave the company an "outperform" rating in a research report on Friday, September 4th. One research 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $527.20.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

Broadcom Trading Down 0.6%

AVGO opened at $344.33 on Friday. The company has a fifty day moving average price of $366.31 and a two-hundred day moving average price of $383.89. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The company has a market cap of $1.64 trillion, a P/E ratio of 43.98 and a beta of 1.46. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion for 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 revenue was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.69 EPS. Analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

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

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 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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