Broadcom Inc. $AVGO Stock Sold by Cordatus Wealth Management LLC

Key Points

• Cordatus Wealth Management reduced its Broadcom stake by 3.2% in the third quarter, selling 1,888 shares and retaining 57,314 shares worth approximately $20.1 million. Broadcom represents about 4.5% of the firm’s portfolio.
• Broadcom reported quarterly earnings of $3.32 per share and revenue of $29.59 billion, exceeding analyst expectations; revenue rose 85.5% year over year.
• Despite the recent sale, institutional ownership remains high at 76.43%, and analysts maintain a “Moderate Buy” consensus with an average price target of $527.20.

Cordatus Wealth Management LLC reduced its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.2% in 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 57,314 shares of the semiconductor manufacturer's stock after selling 1,888 shares during the period. Broadcom makes up approximately 4.5% of Cordatus Wealth Management LLC's investment portfolio, making the stock its 4th biggest position. Cordatus Wealth Management LLC's holdings in Broadcom were worth $20,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Broadcom by 8.7% in the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock valued at $75,367,711,000 after purchasing an additional 16,651,378 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Broadcom by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer's stock worth $23,202,543,000 after buying an additional 2,685,916 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Broadcom by 3.8% during the 2nd quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer's stock worth $19,484,611,000 after buying an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Broadcom by 2.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer's stock worth $15,178,195,000 after buying an additional 1,140,598 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Broadcom in the second quarter valued at about $11,998,148,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

Broadcom stock opened at $337.80 on Thursday. The stock has a 50-day moving average price of $359.37 and a two-hundred day moving average price of $384.63. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The company has a market capitalization of $1.61 trillion, a PE ratio of 43.14 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 results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 48.33% and a net margin of 42.94%. The business's quarterly revenue was up 85.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 earnings per share. Analysts expect that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is 33.21%.

Wall Street Analyst Weigh In

AVGO has been the topic of several research analyst reports. Raymond James Financial reaffirmed 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. Rosenblatt Securities began coverage on Broadcom in a research note on Thursday, September 3rd. They set a "buy" rating and a $600.00 target price for the company. Wall Street Zen cut shares of Broadcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Piper Sandler began coverage on shares of Broadcom in a report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 target price for the company. Finally, Morgan Stanley restated an "overweight" rating and issued a $505.00 price target (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $527.20.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom launched Arcot Scam Defense, a feature designed to help financial institutions block AI-enhanced social-engineering fraud in card-not-present transactions. The product could strengthen Broadcom’s infrastructure-software portfolio and create additional enterprise demand. Broadcom Launches Arcot Scam Defense to Block Social Engineering Fraud
• Positive Sentiment: Broadcom’s 10-year agreement with NTT DOCOMO to advance the telecommunications company’s private cloud using VMware Cloud Foundation reinforces the durability of its recurring software revenue and enterprise-cloud strategy. Broadcom to Advance NTT DOCOMO's Private Cloud with VMware Cloud Foundation
• Positive Sentiment: Several analyses continue to highlight Broadcom as a leading beneficiary of custom AI-chip and networking demand. One report cited a 236% increase in AI-chip sales, while investors view its combination of custom silicon, AI networking and infrastructure software as a potential alternative to Nvidia. Broadcom Sees AI Chip Sales Up 236%
• Neutral Sentiment: Commentary comparing Broadcom with Apple and other semiconductor stocks presents AVGO as a long-term AI and infrastructure-software opportunity, but emphasizes that the investment case depends on sustained customer spending and execution. Apple vs. Broadcom: Which Tech Stock Is a Better Buy in 2026?
• Negative Sentiment: Semiconductor shares have pulled back amid interest-rate concerns, worries that AI infrastructure spending may be excessive, and broader warnings of a possible AI-stock bubble. Broadcom CEO Hock Tan’s comments comparing AI spending with a “casino” and warning about capital constraints have also unsettled some investors. Chip Stocks Have Pulled Back

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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