Broadcom Inc. $AVGO Stock Position Lifted by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors increased its Broadcom position by 2% in the third quarter to 80,385 shares valued at approximately $28.23 million. Institutional investors collectively own 76.43% of the company.
• Wall Street remains broadly positive, with 39 Buy ratings, five Holds and one Strong Buy; Broadcom has a consensus “Moderate Buy” rating and an average price target of $530.52.
• Broadcom exceeded quarterly expectations with $3.32 in earnings per share and $29.59 billion in revenue, up 85.5% year over year. The company also pays a quarterly dividend of $0.65, or $2.60 annually.

Kingswood Wealth Advisors LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,385 shares of the semiconductor manufacturer's stock after acquiring an additional 1,562 shares during the period. Broadcom comprises 1.1% of Kingswood Wealth Advisors LLC's investment portfolio, making the stock its 12th biggest position. Kingswood Wealth Advisors LLC's holdings in Broadcom were worth $28,230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Paladin Wealth LLC increased its position in shares of Broadcom by 18.5% in the 3rd quarter. Paladin Wealth LLC now owns 5,822 shares of the semiconductor manufacturer's stock valued at $2,045,000 after purchasing an additional 907 shares during the last quarter. Broadway Wealth Solutions Inc. lifted its holdings in Broadcom by 4.5% during the 3rd quarter. Broadway Wealth Solutions Inc. now owns 3,351 shares of the semiconductor manufacturer's stock worth $1,177,000 after buying an additional 144 shares during the last quarter. Beacon Capital Management LLC increased its holdings in shares of Broadcom by 3.3% in the 3rd quarter. Beacon Capital Management LLC now owns 4,640 shares of the semiconductor manufacturer's stock valued at $1,630,000 after acquiring an additional 148 shares during the last quarter. Randolph Co Inc acquired a new position in Broadcom in the third quarter valued at approximately $80,004,000. Finally, Provident Investment Management Inc. increased its stake in Broadcom by 1.0% in the third quarter. Provident Investment Management Inc. now owns 55,531 shares of the semiconductor manufacturer's stock valued at $19,502,000 after purchasing an additional 543 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AVGO. Cantor Fitzgerald lifted their price target on shares of Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. Erste Group Bank cut shares of Broadcom from a "buy" rating to a "hold" rating in a report on Tuesday, July 7th. Tigress Financial began coverage on shares of Broadcom in a research note on Thursday, October 22nd. They set a "buy" rating and a $600.00 price target for the company. BMO Capital Markets upped their target price on shares of Broadcom from $455.00 to $575.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. Finally, Arete Research upped their price objective on Broadcom from $488.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Broadcom presently has an average rating of "Moderate Buy" and a consensus price target of $530.52.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts remain constructive: DA Davidson upgraded Broadcom to “Buy,” while Rosenblatt reaffirmed its Buy rating. The upgrades cite the company’s AI semiconductor momentum and long-term growth outlook. DA Davidson Upgrades Broadcom to Buy
• Positive Sentiment: Broadcom’s custom-chip opportunity continues to expand. One bullish outlook points to projected AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, supported by rising data-center and accelerator demand. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Meta’s planned AI financing and potential investment by major chip suppliers could support additional orders for Broadcom as Meta expands its data-center capacity. Why Meta’s $100 Billion Financing Plan Is a Boon for Broadcom
• Neutral Sentiment: The stock’s pullback from its record high has prompted some investors to view Broadcom as a more attractive entry point, although valuation remains dependent on continued exceptional AI growth. Broadcom: This Is Probably a Good Entry Point
• Negative Sentiment: The $63 billion Anthropic financing arrangement is raising concern about asset and credit risk. A special-purpose vehicle would purchase and lease Broadcom hardware, while Broadcom’s potential backstop exposure could reach roughly $43 billion if financing or asset values deteriorate. Broadcom’s Anthropic Deal and Potential Backstop
• Negative Sentiment: Broader concerns about AI spending are also weighing on sentiment. Rising interest rates, heavy borrowing for data centers and doubts about returns on massive capital expenditures could compress richly valued semiconductor stocks. Why Rising Rates Could Break the Bull Market

Broadcom Stock Down 1.9%

Shares of NASDAQ AVGO opened at $345.00 on Friday. The stock has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 44.06 and a beta of 1.46. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The firm has a 50-day moving average price of $353.57 and a 200 day moving average price of $367.09. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

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

Broadcom Announces Dividend

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