Broadcom Inc. $AVGO Stock Position Decreased by Argent Capital Management LLC

Key Points

• Argent Capital Management reduced its Broadcom stake by 3.2% in the third quarter, selling 8,331 shares and retaining 255,802 shares valued at approximately $89.8 million.
• Institutional investors own 76.43% of Broadcom, while insiders sold 51,890 shares worth about $20.2 million over the past 90 days.
• Broadcom recently beat quarterly earnings and revenue expectations, with revenue rising 85.5% year over year; analysts maintain a “Moderate Buy” consensus rating and an average price target of $527.20.

Argent Capital Management LLC lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,802 shares of the semiconductor manufacturer's stock after selling 8,331 shares during the period. Broadcom makes up about 0.7% of Argent Capital Management LLC's investment portfolio, making the stock its 11th largest holding. Argent Capital Management LLC's holdings in Broadcom were worth $89,835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Fullerton Advisors LLC lifted its stake in shares of Broadcom by 1.3% in the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer's stock worth $616,000 after buying an additional 25 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co lifted its position in Broadcom by 0.5% in the 1st 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 in the last quarter. RFG Holdings Inc. boosted its stake in Broadcom by 0.3% during the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer's stock valued at $2,631,000 after purchasing an additional 26 shares during the last quarter. Yukon Wealth Management Inc. increased its holdings 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 purchasing an additional 26 shares in the last quarter. Finally, NerdWallet Wealth Partners LLC raised its stake in shares of 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 purchasing an additional 27 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

In related news, Director Gayla J. Delly sold 1,890 shares of the company's stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the business's stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider owned 194,989 shares of the company's stock, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 51,890 shares of company stock worth $20,241,368 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Anthropic financing supports demand visibility: Broadcom reportedly agreed to provide up to $42 billion in financing tied to Anthropic’s purchase of Broadcom chips. The arrangement could secure a major customer and support long-term AI-chip revenue, helping explain the stock’s rally. Broadcom Stock Jumps Following Reported $42 Billion Financing Deal With Anthropic
• Positive Sentiment: AI growth remains exceptionally strong: Broadcom generated $16.7 billion in AI semiconductor sales in fiscal third-quarter 2026, up 221% year over year, and expects $21.7 billion in fiscal fourth-quarter AI revenue. Analysts and commentators see additional upside if AI infrastructure spending continues into 2027 and 2028. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Positive Sentiment: Strategic positioning is favorable: Morgan Stanley said Broadcom and Nvidia may be relatively shielded from an AI-related power crunch affecting the broader chip supply chain. Broadcom’s custom-chip and networking exposure may also benefit as data centers seek alternatives to relying solely on GPUs. Nvidia, Broadcom Shielded as AI Power Crunch Hits Chip Supply Chain
• Neutral Sentiment: Relative valuation is a debate: Broadcom’s earnings and revenue growth have substantially outpaced its share-price performance, but the stock trades above its historical average valuation multiple. Investors will likely look to the next earnings report for evidence that rapid AI growth can justify the premium.
• Negative Sentiment: Anthropic deal raises financing and concentration concerns: Because Broadcom may be lending money to a customer that will use the funds to buy its products, critics describe the arrangement as potentially circular financing. Increasing reliance on a small number of large AI customers could also weaken Broadcom’s bargaining power and create repayment risk. Broadcom’s Massive $42 Billion Chip-Buying Deal with Anthropic Raises Circular Financing Worries

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVGO. BNP Paribas Exane boosted their target price on Broadcom from $675.00 to $715.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. The Goldman Sachs Group lifted their price objective on Broadcom from $525.00 to $540.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Morgan Stanley reissued 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. Citic Securities upgraded shares of Broadcom to a "buy" rating and boosted their target price for the company from $450.00 to $525.00 in a research report on Tuesday, September 8th. Finally, DA Davidson set a $350.00 price target on shares of Broadcom and gave the stock a "neutral" rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom has a consensus rating of "Moderate Buy" and an average target price of $527.20.

Broadcom Price Performance

AVGO stock traded up $7.20 during trading on Monday, reaching $362.34. The company's stock had a trading volume of 8,790,771 shares, compared to its average volume of 25,057,299. 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's fifty day moving average is $372.74 and its 200-day moving average is $381.07. The company has a market capitalization of $1.73 trillion, a P/E ratio of 46.27 and a beta of 1.46. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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. The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The firm's quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter last year, the company earned $1.69 EPS. On average, research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's dividend payout ratio is 33.21%.

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 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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