Broadcom Inc. $AVGO Stock Sold by LaFleur & Godfrey LLC

Key Points

• LaFleur & Godfrey LLC cut its Broadcom stake by 10.6% in the third quarter, selling 7,260 shares and retaining 61,158 shares valued at approximately $21.5 million. Institutional investors collectively own 76.43% of Broadcom.
• Analysts remain broadly bullish, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $530.52, despite Citigroup’s downgrade to Neutral.
• Broadcom’s AI growth outlook is supported by potential Anthropic and Meta-related demand, but investors remain focused on execution, financing obligations and elevated valuation. The stock recently traded at $326.08, below its 50-day and 200-day moving averages.

LaFleur & Godfrey LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,158 shares of the semiconductor manufacturer's stock after selling 7,260 shares during the period. Broadcom makes up approximately 2.6% of LaFleur & Godfrey LLC's portfolio, making the stock its 10th biggest holding. LaFleur & Godfrey LLC's holdings in Broadcom were worth $21,478,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Core Capital Management & Research inc. acquired a new position in Broadcom in the 2nd quarter valued at $31,000. Harborfront Financial Group LLC acquired a new stake in shares of Broadcom in the 2nd quarter worth $38,000. Align Financial LLC boosted its holdings in shares of Broadcom by 67.2% in the third quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer's stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. Curry Webb Wealth Management LLC purchased a new stake in shares of Broadcom in the third quarter valued at about $41,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Broadcom in the third quarter valued at about $52,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several analyst reports. Tigress Financial began coverage on shares of Broadcom in a report on Thursday, October 22nd. They set a "buy" rating and a $600.00 price target for the company. Citigroup cut Broadcom from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 27th. Oppenheimer initiated coverage on Broadcom in a research report on Tuesday, October 27th. They set a "buy" rating on the stock. KeyCorp reissued an "overweight" rating and set a $575.00 target price on shares of Broadcom in a research note on Thursday, September 3rd. Finally, BNP Paribas Exane raised their price target on Broadcom from $675.00 to $715.00 and gave the company an "outperform" rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $530.52.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: DA Davidson upgraded Broadcom to Buy from Neutral and raised its price target to $400 from $350. The firm cited Broadcom’s exposure to major AI customers, including Anthropic and potentially OpenAI. Broadcom Falls Despite DA Davidson Upgrade
• Positive Sentiment: A $63 billion financing arrangement is expected to fund purchases of Broadcom AI hardware for Anthropic. The deal provides a potentially large, funded customer for Broadcom’s custom-chip and networking business, although the company could face substantial obligations under the agreement’s backstop. Broadcom’s $63 Billion Anthropic Deal
• Positive Sentiment: Longer-term investment theses remain favorable: Broadcom projects AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Meta’s planned financing for its AI expansion could also support additional demand for Broadcom’s custom silicon and networking products. Meta Financing Plan and Broadcom
• Neutral Sentiment: Broadcom is trading well below its record high and below its 50-day and 200-day moving averages. Analysts see upside, but valuation remains demanding, making execution of the AI growth forecast particularly important.
• Negative Sentiment: Intel’s weaker-than-expected forecast prompted investors to reassess semiconductor demand. Concerns were reinforced by Amazon’s results and the rising cost of building AI infrastructure, pressuring AI-exposed chip stocks broadly. Why Intel, AMD and Broadcom Are Falling
• Negative Sentiment: The Anthropic transaction also carries execution and financial-risk questions. Investors are waiting to see whether Broadcom can manufacture and deliver the required hardware at scale before fully crediting the projected revenue. Broadcom’s Anthropic Deal and Execution Risk

Broadcom Stock Performance

NASDAQ AVGO opened at $326.08 on Monday. The stock has a market cap of $1.56 trillion, a price-to-earnings ratio of 41.65 and a beta of 1.49. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $352.81 and a 200-day moving average of $366.96. 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 released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (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 company had revenue of $29.59 billion for the quarter, compared to analysts' expectations of $29.24 billion. During the same period last year, the company earned $1.69 EPS. The firm's revenue for the quarter was up 85.5% compared to the same quarter last year. As a group, analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

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 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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