Broadcom Inc. $AVGO Stock: V Square Quantitative Management LLC Increases Position

Key Points

• V Square Quantitative Management increased its Broadcom position by 6% in the third quarter, owning 47,831 shares valued at approximately $16.8 million. Institutional investors collectively hold 76.43% of AVGO’s outstanding shares.
• Broadcom reported quarterly EPS of $3.32, beating estimates, while revenue rose 85.5% year over year to $29.59 billion. The company also maintains a quarterly dividend of $0.65 per share, representing a 0.8% yield.
• Despite strong long-term enthusiasm for Broadcom’s AI semiconductor and networking opportunities, shares recently traded at $328.75 amid concerns about elevated valuations, financing costs and the sustainability of AI infrastructure spending. Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $527.20 price target.

V Square Quantitative Management LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,831 shares of the semiconductor manufacturer's stock after purchasing an additional 2,691 shares during the period. Broadcom makes up 1.6% of V Square Quantitative Management LLC's portfolio, making the stock its 7th biggest position. V Square Quantitative Management LLC's holdings in Broadcom were worth $16,798,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. Fortitude Advisory Group L.L.C. raised its position in shares of Broadcom by 2.7% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 14,048 shares of the semiconductor manufacturer's stock valued at $4,934,000 after purchasing an additional 366 shares in the last quarter. Davidson Capital Management Inc. grew its position in shares of Broadcom by 2.5% during the third quarter. Davidson Capital Management Inc. now owns 16,281 shares of the semiconductor manufacturer's stock worth $5,718,000 after buying an additional 398 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Broadcom by 9.1% during the third quarter. AdvisorNet Financial Inc now owns 15,812 shares of the semiconductor manufacturer's stock worth $5,475,000 after buying an additional 1,314 shares in the last quarter. Community Trust & Investment Co. increased its stake in shares of Broadcom by 1.2% in the third quarter. Community Trust & Investment Co. now owns 186,649 shares of the semiconductor manufacturer's stock worth $65,549,000 after buying an additional 2,260 shares during the last quarter. Finally, Financial Harvest LLC increased its stake in shares of Broadcom by 32.8% in the third quarter. Financial Harvest LLC now owns 993 shares of the semiconductor manufacturer's stock worth $349,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

Shares of AVGO stock traded down $15.58 on Friday, hitting $328.75. 29,704,386 shares of the stock traded hands, compared to its average volume of 23,045,156. The company's fifty day moving average is $364.33 and its 200 day moving average is $383.51. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The company has a market capitalization of $1.57 trillion, a PE ratio of 41.99 and a beta of 1.46. 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 released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping 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 firm's revenue was up 85.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.69 earnings per share. On average, equities research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup reaffirmed a "buy" rating and issued a $515.00 price target (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. TD Cowen reissued a "buy" rating and set a $475.00 price objective (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Morgan Stanley reissued an "overweight" rating and set a $505.00 price objective (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Piper Sandler started coverage on shares of Broadcom in a research report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 target price for the company. Finally, Citic Securities upgraded shares of Broadcom to a "buy" rating and upped their target price for the company from $450.00 to $525.00 in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $527.20.

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 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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