HWG Holdings LP Cuts Stake in Broadcom Inc. $AVGO

Key Points

• HWG Holdings LP reduced its Broadcom stake by 97.3% in the third quarter, selling 38,825 shares and retaining 1,067 shares valued at approximately $375,000.
• Other institutional investors increased their positions, and institutional and hedge-fund ownership now represents 76.43% of Broadcom’s outstanding shares.
• Broadcom recently exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $527.20. The company also pays a quarterly dividend of $0.65 per share, equivalent to a 0.7% yield.

HWG Holdings LP cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 97.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,067 shares of the semiconductor manufacturer's stock after selling 38,825 shares during the period. HWG Holdings LP's holdings in Broadcom were worth $375,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AVGO. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Broadcom during the third quarter valued at about $217,000. KFA Private Wealth Group LLC grew its position in Broadcom by 16.7% in the 3rd quarter. KFA Private Wealth Group LLC now owns 2,474 shares of the semiconductor manufacturer's stock valued at $869,000 after buying an additional 354 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in Broadcom by 8.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 2,663 shares of the semiconductor manufacturer's stock valued at $888,000 after buying an additional 207 shares during the period. Retirement Wealth Solutions LLC increased its stake in Broadcom by 39.8% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 587 shares of the semiconductor manufacturer's stock valued at $205,000 after buying an additional 167 shares during the period. Finally, Cooper Financial Group raised its position in shares of Broadcom by 3.8% during the 3rd quarter. Cooper Financial Group now owns 66,368 shares of the semiconductor manufacturer's stock worth $23,308,000 after buying an additional 2,403 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Up 0.2%

NASDAQ AVGO opened at $376.51 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The company's 50 day simple moving average is $372.35 and its 200 day simple moving average is $382.17. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The company has a market capitalization of $1.80 trillion, a P/E ratio of 48.09 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its 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. The firm had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm's revenue for the quarter was up 85.5% compared to the same quarter last year. During the same period last year, the firm posted $1.69 earnings per share. Equities research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid 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 dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 33.21%.

Insider Buying and Selling at Broadcom

In related news, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares in the company, valued at $78,254,935.37. The trade was a 11.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AVGO. Dbs Bank upgraded shares of Broadcom to a "moderate buy" rating in a report on Thursday, June 18th. Truist Financial dropped their target price on Broadcom from $550.00 to $520.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Piper Sandler assumed coverage on Broadcom in a research report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 target price for the company. DA Davidson set a $350.00 price target on Broadcom and gave the company a "neutral" rating in a research note on Friday, September 4th. Finally, Royal Bank Of Canada began coverage on Broadcom in a research note on Thursday, September 3rd. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $527.20.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly arranging more than $50 billion in financing for custom AI chips being developed with OpenAI. The broader financing initiative, involving major lenders and potentially chip-leasing structures, could accelerate customer adoption and support the company’s ambitious AI revenue targets. Broadcom and Nvidia Eye $90 Billion AI Chip Financing Boom
• Positive Sentiment: Management continues to project substantial AI growth, with custom accelerators, networking products and inference infrastructure benefiting from hyperscaler spending. Analysts and investors view Broadcom’s custom-chip model as a potentially larger long-term opportunity than standard GPU sales. Broadcom AI Revenue Growth and Custom Chips
• Positive Sentiment: Unusually heavy call-option activity indicates that traders are positioning for further upside. Investors purchased 426,038 call options, approximately 34% above average volume, reflecting increased speculative bullishness. Broadcom Call Options Activity
• Positive Sentiment: Broadcom’s shares have lagged the broader AI trade despite expectations for sharply higher earnings in fiscal 2026 and 2027. Some investors view the gap between earnings growth and the stock’s performance as an opportunity, while Cathie Wood’s reported purchase adds a modest sentiment boost. Broadcom Lagging the Market
• Neutral Sentiment: Technical analysts see a bullish reversal and potential path toward the prior $495 high, but this outlook depends on continued momentum and resistance-level breakouts. Broadcom Price Forecast
• Negative Sentiment: Investors remain concerned that large financing arrangements with AI customers could create circular-financing exposure or increase credit risk. Broadcom’s valuation also leaves limited room for execution errors, particularly if hyperscalers reduce capital spending or delay custom-chip deployments. Broadcom When the Story and the Stock Disagree

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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