Henderson Brothers Financial Partners LLC Acquires New Shares in Broadcom Inc. $AVGO

Key Points

• Henderson Brothers Financial Partners acquired 6,415 Broadcom shares in the third quarter, valued at about $2.25 million; the position represents 0.8% of its portfolio.
• Institutional investors own 76.43% of Broadcom shares, with several major firms adding or initiating positions.
• Broadcom beat its latest quarterly earnings and revenue estimates. Analysts have a consensus “Moderate Buy” rating and an average price target of $530.52, while AI-chip demand is cited as a potential growth driver.

Henderson Brothers Financial Partners LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,415 shares of the semiconductor manufacturer's stock, valued at approximately $2,253,000. Broadcom accounts for about 0.8% of Henderson Brothers Financial Partners LLC's investment portfolio, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Legal & General Group Plc bought a new stake in Broadcom in the 2nd quarter worth approximately $11,998,148,000. Bank of New York Mellon Corp purchased a new stake in Broadcom during the 2nd quarter valued at $10,528,191,000. Jupiter Topco LLC purchased a new stake in Broadcom during the 2nd quarter valued at $7,396,271,000. State Street Corp lifted its holdings in shares of Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock valued at $75,367,711,000 after buying an additional 16,651,378 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Broadcom during the 2nd quarter valued at $5,661,216,000. Institutional investors own 76.43% of the company's stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Anthropic’s S-1 filing reportedly shows surging revenue and $131.8 billion in cash, strengthening confidence in its ability to support a large commitment to Broadcom. Broadcom’s connection to a $26 billion Anthropic placement also underscores its role in the AI supply chain. Anthropic's S-1 Strengthens the Case for Broadcom's AI Growth
• Positive Sentiment: Google’s projected $135 billion chip spending could benefit Broadcom’s custom-chip business, as large technology companies look beyond GPUs to develop their own AI processors. The Real Winner of Google’s $135 Billion Chip Forecast: Broadcom
• Positive Sentiment: Analysts point to Broadcom’s history of earnings surprises and factors they believe could support another quarterly beat. The next results are scheduled for December 9, making the report a near-term test of AI demand and investor expectations. Will Broadcom Beat Estimates Again?
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation’s Sandbox and is working on Kubernetes workload standards. This may strengthen VMware’s ecosystem and partner support, though the near-term financial impact is uncertain. Broadcom Contributes VM API Open Source Project to CNCF
• Negative Sentiment: Despite the rebound, investor concerns persist over margin pressure and a reported $63 billion financing structure. Broader worries about data-center investment, AI regulation and higher interest rates could also weigh on sentiment toward semiconductor stocks. Broadcom’s Margin and Financing Concerns

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. restated a "buy" rating on shares of Broadcom in a research note on Thursday, September 3rd. Citigroup cut Broadcom from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 27th. Sanford C. Bernstein reiterated a "buy" rating on shares of Broadcom in a research report on Monday, September 21st. BMO Capital Markets increased their target price on Broadcom from $455.00 to $575.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $505.00 target price (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and an average target price of $530.52.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $331.98 on Wednesday. Broadcom Inc. has a 12-month low of $289.77 and a 12-month high of $495.00. The firm has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 42.40 and a beta of 1.49. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $346.14 and a 200 day moving average of $366.16.

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 the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion for 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 company's quarterly revenue was up 85.5% on a year-over-year basis. During the same period last year, the firm earned $1.69 earnings per share. On average, research analysts anticipate that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom's payout ratio is presently 33.21%.

Broadcom Profile

Broadcom Inc. is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics. Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.

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