Cohen Capital Management Inc. Purchases 7,614 Shares of Broadcom Inc. $AVGO

Key Points

• Cohen Capital Management increased its Broadcom position by 276.5% in the third quarter, acquiring 7,614 additional shares for a total of 10,368 shares valued at approximately $3.64 million.
• Institutional investors own 76.43% of Broadcom, while analysts maintain a broadly positive outlook with a consensus “Moderate Buy” rating and an average price target of $527.20.
• Broadcom reported quarterly revenue of $29.59 billion, up 85.5% year over year, and earnings of $3.32 per share, exceeding analyst expectations; however, the stock remains below its 52-week high amid concerns about AI financing and market volatility.

Cohen Capital Management Inc. boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 276.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 10,368 shares of the semiconductor manufacturer's stock after acquiring an additional 7,614 shares during the quarter. Cohen Capital Management Inc.'s holdings in Broadcom were worth $3,641,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Networth Advisors LLC raised its position in Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 71 shares during the last quarter. Core Capital Management & Research inc. purchased a new position in shares of Broadcom during the second quarter worth $31,000. Harborfront Financial Group LLC acquired a new position in Broadcom during the second quarter valued at $38,000. IMG Wealth Management Inc. acquired a new position in Broadcom during the second quarter valued at $64,000. Finally, Gilpin Wealth Management LLC boosted its holdings in 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 purchasing an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom plans to launch an AI networking platform at the OCP Global Summit, potentially strengthening its position in the rapidly expanding market for hyperscale data-center connectivity. Broadcom To Launch AI Networking Platform
• Positive Sentiment: The company introduced VMware HyperArmor, a security product designed to protect VMware Cloud Foundation hypervisors from increasingly sophisticated cyberattacks. The launch supports Broadcom’s recurring infrastructure-software strategy and could improve VMware’s product value. Broadcom Introduces VMware HyperArmor
• Positive Sentiment: Analysts and commentators continue to highlight Broadcom’s custom AI-chip business, including multiyear hyperscaler contracts and demand from customers such as Google. This model allows AVGO to benefit from AI spending without competing directly with Nvidia in general-purpose GPUs. Broadcom and Google AI Designs
• Neutral Sentiment: CEO Hock Tan warned that capital availability—not memory-chip supply—could become the biggest bottleneck for AI expansion. The comments raise concerns about the sustainability of data-center spending, even as Broadcom reportedly increased its AI revenue outlook. Capital Crunch Could Become AI Bottleneck
• Neutral Sentiment: Broadcom is being promoted as a leading AI and dividend stock, but comparisons with Nvidia, Qualcomm and Oracle emphasize that investors must weigh growth, leverage and valuation rather than AI exposure alone. Dividend Stocks Offering AI Exposure
• Negative Sentiment: Tan’s description of AI investors as casino gamblers may reinforce concerns that the sector has become speculative and vulnerable to a pullback if funding or expected returns deteriorate. Broadcom CEO Compared AI Investors to Gamblers
• Negative Sentiment: AVGO remains well below its record high, with technical indicators showing continued pressure. Profit-taking across semiconductor equipment stocks and renewed concern about AI-related financing are weighing on sentiment toward the broader chip group. Broadcom Stock Analysis

Analyst Ratings Changes

AVGO has been the topic of several analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $505.00 price target (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. HSBC lowered their target price on Broadcom from $600.00 to $560.00 and set a "buy" rating on the stock in a research note on Thursday, September 3rd. BMO Capital Markets raised their target price on Broadcom from $455.00 to $575.00 and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Wall Street Zen cut Broadcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Finally, Evercore set a $578.00 price target on Broadcom and gave the company an "outperform" rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $527.20.

Broadcom Price Performance

NASDAQ:AVGO opened at $357.31 on Wednesday. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. 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 stock has a market capitalization of $1.71 trillion, a PE ratio of 45.63 and a beta of 1.46. The stock's 50-day moving average price is $369.27 and its 200-day moving average price is $383.32.

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 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 during the quarter, compared to analysts' expectations of $29.24 billion. During the same quarter in the prior year, the firm posted $1.69 EPS. Broadcom's quarterly revenue was up 85.5% compared to the same quarter last year. As a group, equities analysts expect that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio is currently 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 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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