Broadcom Inc. $AVGO Stock Sold by Coastline Trust Co

Key Points

• Coastline Trust Co. cut its Broadcom stake by 13.8% in the third quarter, selling 1,586 shares and retaining 9,936 shares valued at approximately $3.49 million. Institutional investors and hedge funds collectively own 76.43% of Broadcom.
• Broadcom’s AI growth outlook is closely tied to Anthropic, which could receive up to $42 billion in financing for chip leases and infrastructure. The arrangement may drive significant future demand, but also creates customer-concentration and financing risks given Anthropic’s large infrastructure obligations.
• Broadcom recently reported stronger-than-expected quarterly results, including $29.59 billion in revenue—up 85.5% year over year—and $3.32 in EPS. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $527.20, while the company pays a quarterly dividend of $0.65 per share.

Coastline Trust Co decreased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,936 shares of the semiconductor manufacturer's stock after selling 1,586 shares during the period. Coastline Trust Co's holdings in Broadcom were worth $3,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cim Investment Management Inc. lifted its holdings in shares of Broadcom by 9.7% in the 2nd quarter. Cim Investment Management Inc. now owns 22,900 shares of the semiconductor manufacturer's stock valued at $8,650,000 after buying an additional 2,032 shares during the period. QRG Capital Management Inc. grew its holdings in Broadcom by 10.1% during the second quarter. QRG Capital Management Inc. now owns 864,506 shares of the semiconductor manufacturer's stock worth $323,796,000 after acquiring an additional 79,451 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Broadcom by 9.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 227,394 shares of the semiconductor manufacturer's stock worth $85,882,000 after acquiring an additional 19,465 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Broadcom by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,133,536 shares of the semiconductor manufacturer's stock valued at $3,003,100,000 after acquiring an additional 735,257 shares during the period. Finally, Andra AP fonden lifted its holdings in Broadcom by 25.9% in the second quarter. Andra AP fonden now owns 817,960 shares of the semiconductor manufacturer's stock valued at $308,984,000 after acquiring an additional 168,260 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom has agreed to provide Anthropic with up to $42 billion in financing to lease chips and fund AI infrastructure. The facility could cover roughly one-third of Anthropic’s reported five-year, $125.2 billion TPU-compute commitment, creating a potentially significant source of future chip, networking and equipment demand. The financing may also be convertible into Anthropic shares, providing possible equity upside. Reuters article
• Positive Sentiment: Reports indicate Anthropic could become Broadcom’s largest customer next year. Investors view the arrangement as evidence that Broadcom is securing long-term exposure to one of the fastest-growing AI infrastructure companies, supporting expectations for continued growth in custom AI accelerators and related systems. Barron's article
• Neutral Sentiment: The details come from Anthropic’s IPO prospectus, which describes extensive commitments to Broadcom and other technology partners. The prospectus provides greater visibility into potential future revenue, but the commitments remain dependent on Anthropic’s ability to raise capital and deploy AI capacity as planned. Proactive Investors article
• Negative Sentiment: Anthropic reportedly faces approximately $161.2 billion in Broadcom lease obligations and roughly $518 billion in total infrastructure commitments. That scale raises concerns about customer concentration, counterparty creditworthiness and whether Anthropic can ultimately fund its planned expansion. Any slowdown in AI spending could therefore affect Broadcom’s expected growth and increase financing risk. MarketBeat article

Broadcom Price Performance

NASDAQ:AVGO traded down $3.52 during mid-day trading on Thursday, hitting $347.67. 9,407,154 shares of the company's stock traded hands, compared to its average volume of 25,065,188. 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 company has a market cap of $1.66 trillion, a PE ratio of 44.31 and a beta of 1.44. The firm's 50 day simple moving average is $374.25 and its 200 day simple moving average is $380.70. 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 released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the business earned $1.69 earnings per share. The company's quarterly revenue was up 85.5% on a year-over-year basis. Sell-side analysts expect that Broadcom Inc. will post 10.36 EPS for the current year.

Broadcom Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's payout ratio is 33.21%.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the company's stock in a transaction dated 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 directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the sale, the director owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 51,890 shares of company stock worth $20,241,368 over the last 90 days. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

AVGO has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of Broadcom from $550.00 to $520.00 and set a "buy" rating on the stock in a research note on Thursday, September 3rd. Raymond James Financial reiterated an "outperform" rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. Mizuho upped their target price on shares of Broadcom from $480.00 to $530.00 and gave the stock an "outperform" rating in a research report on Thursday, June 4th. DA Davidson set a $350.00 target price on shares of Broadcom and gave the company a "neutral" rating in a report on Friday, September 4th. Finally, Piper Sandler assumed coverage on Broadcom in a research note on Wednesday, September 9th. They set an "overweight" rating and a $460.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $527.20.

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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