Broadcom Inc. $AVGO Stock Purchased by Investment House LLC

Key Points

• Investment House LLC increased its Broadcom position by 171.1% in the third quarter, owning 24,504 shares valued at approximately $8.6 million. Institutional investors and hedge funds collectively own 76.43% of the stock.
• Broadcom reported strong quarterly results, with revenue rising 85.5% year over year to $29.59 billion and EPS of $3.32, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $529.17.
• While demand for Broadcom’s custom AI accelerators remains strong, supplier diversification by Alphabet and growing competition from companies such as MediaTek pose risks to future market share and margins.

Investment House LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 171.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,504 shares of the semiconductor manufacturer's stock after purchasing an additional 15,464 shares during the period. Investment House LLC's holdings in Broadcom were worth $8,606,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cadinha & Co. LLC grew its position in Broadcom by 2.9% in the third quarter. Cadinha & Co. LLC now owns 1,413 shares of the semiconductor manufacturer's stock worth $496,000 after buying an additional 40 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of Broadcom by 1.4% during the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 22,659 shares of the semiconductor manufacturer's stock valued at $7,958,000 after acquiring an additional 322 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Broadcom by 10.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 70,067 shares of the semiconductor manufacturer's stock valued at $24,607,000 after acquiring an additional 6,443 shares during the last quarter. Marion Wealth Management boosted its stake in shares of Broadcom by 1.3% during the 3rd quarter. Marion Wealth Management now owns 4,878 shares of the semiconductor manufacturer's stock worth $1,713,000 after acquiring an additional 61 shares in the last quarter. Finally, Aire Advisors LLC boosted its stake in shares of Broadcom by 20.6% during the 3rd quarter. Aire Advisors LLC now owns 2,329 shares of the semiconductor manufacturer's stock worth $818,000 after acquiring an additional 398 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: ETF investors bought approximately $89.8 million of Broadcom shares on October 21, signaling continued institutional demand. Broadcom Sees $89.8 Million in Net ETF Buying
• Positive Sentiment: Analysts continue to highlight Broadcom’s leadership in custom AI accelerators. Demand from major AI labs and hyperscalers, including Anthropic, OpenAI and Meta, supports management’s ambitious long-term AI semiconductor growth outlook. 3 Magnificent AI Chip Stocks
• Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $600 price target, implying substantial upside from recent trading levels. Tigress Financial Broadcom Coverage
• Positive Sentiment: Broadcom launched Arcot Scam Defense, a real-time fraud-detection feature for digital payments. Strong initial pilot results could create incremental growth for its software and security businesses. Broadcom Debuts Arcot Scam Defense
• Neutral Sentiment: Broadcom remains the leading custom-chip design partner, but Alphabet is diversifying its TPU suppliers. Although Broadcom may lose market share, the overall AI accelerator market is expected to expand rapidly, potentially offsetting that loss. Broadcom AI Chip Business Risks
• Negative Sentiment: Investors are worried that customer-owned chip design and increased competition from MediaTek could reduce Broadcom’s role and margins in future AI programs. Alphabet’s supplier diversification is the clearest near-term risk. Broadcom AI Chip Business Risks
• Negative Sentiment: The broader market sell-off is weighing on AI stocks amid higher oil prices, inflation concerns and questions about whether massive data-center investments will generate sufficient returns. Technical commentary identifies the $320 area as an important support test. Broadcom Faces Critical $320 Test

Broadcom Price Performance

Shares of AVGO opened at $321.68 on Monday. The business's 50-day moving average is $356.05 and its 200-day moving average is $384.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 41.08 and a beta of 1.46. 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 posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. During the same period last year, the company posted $1.69 earnings per share. The firm's quarterly revenue was up 85.5% compared to the same quarter last year. Equities research analysts expect 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 given a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom's dividend payout ratio is presently 33.21%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AVGO shares. Erste Group Bank restated a "hold" rating on shares of Broadcom in a report on Tuesday, July 7th. Citigroup reaffirmed a "buy" rating and set a $515.00 target price (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Broadcom in a research report on Thursday, September 3rd. KeyCorp reiterated an "overweight" rating and issued a $575.00 price target on shares of Broadcom in a research report on Thursday, September 3rd. Finally, BMO Capital Markets lifted their price target on Broadcom from $455.00 to $575.00 and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $529.17.

Broadcom 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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