Broadcom Inc. $AVGO Stock Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Broadcom stake by 95.6% in the third quarter, selling 440,136 shares and retaining 20,285 shares valued at approximately $7.1 million.
• Other major institutions, including State Street, Bank of America, Wellington Management, and UBS, increased their positions; institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported quarterly revenue of $29.59 billion and EPS of $3.32, surpassing estimates, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $527.20. AI growth remains a major catalyst, though leverage, valuation, and softer smartphone demand pose risks.

Curated Wealth Partners LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 95.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,285 shares of the semiconductor manufacturer's stock after selling 440,136 shares during the quarter. Broadcom comprises approximately 0.6% of Curated Wealth Partners LLC's holdings, making the stock its 19th largest position. Curated Wealth Partners LLC's holdings in Broadcom were worth $7,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its stake in Broadcom by 8.7% during the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock valued at $75,367,711,000 after buying an additional 16,651,378 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Broadcom by 4.6% in 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 during the last quarter. Wellington Management Group LLP grew its holdings in shares of Broadcom by 3.8% in the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer's stock worth $19,484,611,000 after acquiring an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Broadcom by 2.9% in the second 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 acquiring an additional 1,140,598 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Broadcom during the second quarter valued at $11,998,148,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

Broadcom Trading Down 0.6%

Shares of Broadcom stock opened at $344.33 on Friday. The company's fifty day simple moving average is $366.31 and its 200-day simple moving average is $383.89. The stock has a market capitalization of $1.64 trillion, a PE ratio of 43.98 and a beta of 1.46. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.10. The firm had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company's revenue for the quarter was up 85.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. As a group, equities analysts anticipate that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom's payout ratio is 33.21%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AVGO shares. TD Cowen reissued a "buy" rating and issued a $475.00 target price (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Citigroup reissued a "buy" rating and issued a $515.00 target price (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. Jefferies Financial Group started coverage on Broadcom in a research note on Thursday, September 3rd. They set a "buy" rating and a $550.00 price target for the company. KeyCorp reaffirmed an "overweight" rating and set a $575.00 price target on shares of Broadcom in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada assumed coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set an "outperform" rating for the company. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $527.20.

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 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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