Leo Wealth LLC Makes New Investment in Broadcom Inc. $AVGO

Key Points

• Leo Wealth LLC acquired 9,764 Broadcom shares worth approximately $3.43 million in the third quarter. Institutional investors and hedge funds collectively own 76.43% of Broadcom’s stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $530.52, citing Broadcom’s AI semiconductor growth and expanding custom-chip opportunities.
• Broadcom reported quarterly revenue of $29.59 billion and EPS of $3.32, exceeding estimates, while investors continue to weigh AI-related growth against financing, valuation and rising-interest-rate risks.

Leo Wealth LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,764 shares of the semiconductor manufacturer's stock, valued at approximately $3,429,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Advisors LLC bought a new stake in Broadcom during the 2nd quarter worth approximately $92,522,000. GAMMA Investing LLC raised its position in Broadcom by 8.8% in the 3rd quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer's stock valued at $55,889,000 after purchasing an additional 13,317 shares during the last quarter. ANB Bank bought a new position in Broadcom in the 3rd quarter valued at $1,181,000. Bank of America Corp DE raised its position in Broadcom by 1.5% in the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock valued at $18,179,719,000 after purchasing an additional 894,564 shares during the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new position in Broadcom in the second quarter worth $3,302,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts remain constructive: DA Davidson upgraded Broadcom to “Buy,” while Rosenblatt reaffirmed its Buy rating. The upgrades cite the company’s AI semiconductor momentum and long-term growth outlook. DA Davidson Upgrades Broadcom to Buy
• Positive Sentiment: Broadcom’s custom-chip opportunity continues to expand. One bullish outlook points to projected AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, supported by rising data-center and accelerator demand. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Meta’s planned AI financing and potential investment by major chip suppliers could support additional orders for Broadcom as Meta expands its data-center capacity. Why Meta’s $100 Billion Financing Plan Is a Boon for Broadcom
• Neutral Sentiment: The stock’s pullback from its record high has prompted some investors to view Broadcom as a more attractive entry point, although valuation remains dependent on continued exceptional AI growth. Broadcom: This Is Probably a Good Entry Point
• Negative Sentiment: The $63 billion Anthropic financing arrangement is raising concern about asset and credit risk. A special-purpose vehicle would purchase and lease Broadcom hardware, while Broadcom’s potential backstop exposure could reach roughly $43 billion if financing or asset values deteriorate. Broadcom’s Anthropic Deal and Potential Backstop
• Negative Sentiment: Broader concerns about AI spending are also weighing on sentiment. Rising interest rates, heavy borrowing for data centers and doubts about returns on massive capital expenditures could compress richly valued semiconductor stocks. Why Rising Rates Could Break the Bull Market

Analysts Set New Price Targets

Several analysts have recently commented on AVGO shares. Morgan Stanley restated an "overweight" rating and set a $505.00 target price (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Broadcom in a report on Thursday, September 3rd. HSBC reduced their price target on shares of Broadcom from $600.00 to $560.00 and set a "buy" rating on the stock in a research report on Thursday, September 3rd. Jefferies Financial Group began coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set a "buy" rating and a $550.00 price target on the stock. Finally, Rosenblatt Securities reissued a "buy" rating and set a $600.00 price objective on shares of Broadcom in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $530.52.

Broadcom Stock Performance

AVGO stock opened at $345.00 on Friday. The company has a 50 day moving average price of $353.57 and a 200 day moving average price of $367.09. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. 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 stock has a market capitalization of $1.65 trillion, a PE ratio of 44.06 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.10. The firm 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 business's quarterly revenue was up 85.5% compared to the same quarter last year. During the same period last year, the company earned $1.69 EPS. Analysts forecast that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The company also recently declared 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. This represents a $2.60 annualized dividend 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%.

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 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.

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