Broadcom Inc. $AVGO Stock: TD Waterhouse Canada Inc. Decreases Holdings

Key Points

• TD Waterhouse Canada reduced its Broadcom stake by 7.9% in the third quarter, selling 92,526 shares and retaining 1.08 million shares valued at approximately $368.7 million. Institutional investors and hedge funds collectively own 76.43% of AVGO.
• Broadcom reported quarterly earnings of $3.32 per share, exceeding estimates, while revenue rose 85.5% year over year to $29.59 billion. The company also pays a quarterly dividend of $0.65 per share, representing a 0.8% yield.
• Wall Street maintains a “Moderate Buy” consensus with an average price target of $527.20, although shares recently traded at $328.75. Analysts remain positive on Broadcom’s AI-driven growth, while management has warned that high financing costs and speculative AI investment could slow demand.

TD Waterhouse Canada Inc. reduced its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,077,815 shares of the semiconductor manufacturer's stock after selling 92,526 shares during the quarter. Broadcom accounts for approximately 1.0% of TD Waterhouse Canada Inc.'s investment portfolio, making the stock its 26th biggest holding. TD Waterhouse Canada Inc.'s holdings in Broadcom were worth $368,720,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AVGO. Networth Advisors LLC raised its holdings in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 71 shares during the period. Core Capital Management & Research inc. purchased a new position in Broadcom during the second quarter worth approximately $31,000. Harborfront Financial Group LLC acquired a new stake in Broadcom in the second quarter valued at approximately $38,000. IMG Wealth Management Inc. acquired a new stake in Broadcom in the second quarter valued at approximately $64,000. Finally, Gilpin Wealth Management LLC increased its position in shares of Broadcom by 290.2% in the third quarter. Gilpin Wealth Management LLC now owns 199 shares of the semiconductor manufacturer's stock valued at $70,000 after buying an additional 148 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance

Shares of Broadcom stock opened at $328.75 on Monday. The business's 50 day moving average price is $364.33 and its 200 day moving average price is $384.14. The company has a market cap of $1.57 trillion, a price-to-earnings ratio of 41.99 and a beta of 1.46. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00.

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

Broadcom Dividend Announcement

The company also recently disclosed 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. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AVGO. HSBC reduced their target price on Broadcom from $600.00 to $560.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Raymond James Financial reissued an "outperform" rating and issued a $475.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. The Goldman Sachs Group upped their price objective on shares of Broadcom from $525.00 to $540.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. President Capital increased their price objective on shares of Broadcom from $520.00 to $546.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Finally, BNP Paribas Exane boosted their target price on shares of Broadcom from $675.00 to $715.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $527.20.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s long-term AI opportunity remains attractive because hyperscalers and companies including OpenAI, Anthropic, Alphabet and Meta are adopting custom-designed chips and high-speed networking as alternatives to Nvidia GPUs. Analysts and investors continue to view Broadcom’s combination of custom silicon, networking and infrastructure software as a potential long-term growth engine. Will Broadcom Rejoin the $2 Trillion Club in 2027?
• Positive Sentiment: Erste Group raised its FY2027 earnings forecast for Broadcom, while roughly $121.5 million of net ETF purchases on Oct. 14 indicate that some institutional investors continue to add exposure. Broadcom FY2027 Earnings Forecast Raised by Erste Group Bank
• Neutral Sentiment: Broadcom’s reported plan to arrange $60 billion in financing connected to Anthropic could expand its AI relationship and customer opportunity, but it also increases the financial stakes and execution risk of the company’s AI strategy. Broadcom’s Anthropic Bet Gets Bigger
• Neutral Sentiment: Broadcom and CoreWeave rejected tokenized shares offered through the OKX/ICE venue, limiting a potential new trading channel but signaling caution around digital representations of public-company stock. CoreWeave, Broadcom Reject Tokenized Shares
• Negative Sentiment: CEO Hock Tan warned that rising financing costs and speculative, “casino-like” AI investing could slow expansion. His comments raise concerns that AI customers may reduce capital spending or struggle to turn heavy infrastructure investments into profits, weighing particularly on custom-AI-chip suppliers. Broadcom Falls as AI Capital Warning Weighs
• Negative Sentiment: Higher-than-expected inflation and expectations for higher interest rates are prompting investors to rotate away from expensive technology and AI stocks. A Gartner warning that many neocloud companies could fail or consolidate by 2030 has intensified fears of an AI infrastructure spending mismatch. MarketBeat Week in Review
• Negative Sentiment: Reports that Apple may cut iPhone 18 Pro component orders create an additional demand concern for suppliers, although Broadcom’s exposure and potential impact appear less direct than for some peers. Apple Cut iPhone 18 Orders

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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