Columbia Asset Management Sells 1,943 Shares of Broadcom Inc. $AVGO

Key Points

• Columbia Asset Management reduced its Broadcom stake by 4.3%, selling 1,943 shares in the third quarter and retaining 43,499 shares valued at approximately $15.3 million. Broadcom represents about 2.5% of the fund’s portfolio.
• Other institutional investors generally increased their Broadcom holdings, and hedge funds and other institutions collectively own 76.43% of the company’s stock.
• Analysts remain broadly bullish, with 37 Buy, one Strong Buy and three Hold ratings, producing a “Moderate Buy” consensus and an average price target of $527.20. Broadcom also reported quarterly earnings and revenue above estimates, supported by strong year-over-year growth.

Columbia Asset Management cut its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,499 shares of the semiconductor manufacturer's stock after selling 1,943 shares during the quarter. Broadcom makes up approximately 2.5% of Columbia Asset Management's holdings, making the stock its 10th largest holding. Columbia Asset Management's holdings in Broadcom were worth $15,276,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Maia Wealth LLC raised its position in Broadcom by 20.5% during the 3rd quarter. Maia Wealth LLC now owns 18,205 shares of the semiconductor manufacturer's stock valued at $6,393,000 after purchasing an additional 3,101 shares during the last quarter. Tanager Wealth Management LLP lifted its holdings in Broadcom by 44.1% in the 3rd quarter. Tanager Wealth Management LLP now owns 6,434 shares of the semiconductor manufacturer's stock worth $2,260,000 after buying an additional 1,969 shares during the period. Novem Group grew its position in shares of Broadcom by 5.1% in the 3rd quarter. Novem Group now owns 25,210 shares of the semiconductor manufacturer's stock worth $8,854,000 after buying an additional 1,232 shares during the last quarter. Sterling Investment Counsel LLC grew its position in shares of Broadcom by 29.0% in the 3rd quarter. Sterling Investment Counsel LLC now owns 8,792 shares of the semiconductor manufacturer's stock worth $3,088,000 after buying an additional 1,977 shares during the last quarter. Finally, Value Partners Investments Inc. grew its position in shares of Broadcom by 7.6% in the 3rd quarter. Value Partners Investments Inc. now owns 7,545 shares of the semiconductor manufacturer's stock worth $2,658,000 after buying an additional 534 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AVGO shares. Jefferies Financial Group started coverage on Broadcom in a research note on Thursday, September 3rd. They set a "buy" rating and a $550.00 target price on the stock. DA Davidson set a $350.00 price target on shares of Broadcom and gave the company a "neutral" rating in a report on Friday, September 4th. TD Cowen reiterated a "buy" rating and issued a $475.00 price target (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Raymond James Financial reissued an "outperform" rating and set a $475.00 price objective (up from $450.00) on shares of Broadcom in a research report on Thursday, September 3rd. Finally, Piper Sandler initiated coverage on shares of Broadcom in a report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 price objective for the company. One 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $527.20.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom launched Arcot Scam Defense, a feature designed to help financial institutions block AI-enhanced social-engineering fraud in card-not-present transactions. The product could strengthen Broadcom’s infrastructure-software portfolio and create additional enterprise demand. Broadcom Launches Arcot Scam Defense to Block Social Engineering Fraud
• Positive Sentiment: Broadcom’s 10-year agreement with NTT DOCOMO to advance the telecommunications company’s private cloud using VMware Cloud Foundation reinforces the durability of its recurring software revenue and enterprise-cloud strategy. Broadcom to Advance NTT DOCOMO's Private Cloud with VMware Cloud Foundation
• Positive Sentiment: Several analyses continue to highlight Broadcom as a leading beneficiary of custom AI-chip and networking demand. One report cited a 236% increase in AI-chip sales, while investors view its combination of custom silicon, AI networking and infrastructure software as a potential alternative to Nvidia. Broadcom Sees AI Chip Sales Up 236%
• Neutral Sentiment: Commentary comparing Broadcom with Apple and other semiconductor stocks presents AVGO as a long-term AI and infrastructure-software opportunity, but emphasizes that the investment case depends on sustained customer spending and execution. Apple vs. Broadcom: Which Tech Stock Is a Better Buy in 2026?
• Negative Sentiment: Semiconductor shares have pulled back amid interest-rate concerns, worries that AI infrastructure spending may be excessive, and broader warnings of a possible AI-stock bubble. Broadcom CEO Hock Tan’s comments comparing AI spending with a “casino” and warning about capital constraints have also unsettled some investors. Chip Stocks Have Pulled Back

Broadcom Trading Up 1.0%

AVGO opened at $337.80 on Thursday. The stock has a market cap of $1.61 trillion, a PE ratio of 43.14 and a beta of 1.46. 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 50 day moving average of $359.37 and a 200-day moving average of $384.63. Broadcom Inc. has a 52 week low of $289.96 and a 52 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 for the quarter, beating the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The firm's revenue was up 85.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 earnings per share. Equities research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company 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 of this dividend was Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom's dividend payout ratio (DPR) 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 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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.