Moneco Advisors LLC Buys 1,394 Shares of Broadcom Inc. $AVGO

Key Points

• Moneco Advisors increased its Broadcom stake by 4.6% in the third quarter, buying 1,394 shares and bringing its holdings to 31,391 shares, valued at about $11 million.
• Analyst sentiment is broadly positive: Broadcom has a consensus “Moderate Buy” rating and an average price target of $530.52.
• Broadcom’s latest reported quarterly results beat estimates, with EPS of $3.32 versus $3.22 expected and revenue up 85.5% year over year to $29.59 billion.

Moneco Advisors LLC raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,391 shares of the semiconductor manufacturer's stock after buying an additional 1,394 shares during the period. Moneco Advisors LLC's holdings in Broadcom were worth $11,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mesirow Financial Investment Management Inc. boosted its stake in shares of Broadcom by 0.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 151,168 shares of the semiconductor manufacturer's stock worth $53,090,000 after buying an additional 485 shares during the last quarter. Thor Trading Advisors LLC increased its position in Broadcom by 16.2% during the third quarter. Thor Trading Advisors LLC now owns 5,032 shares of the semiconductor manufacturer's stock valued at $1,767,000 after acquiring an additional 702 shares during the last quarter. 626 Financial LLC increased its position in Broadcom by 25.3% during the third quarter. 626 Financial LLC now owns 842 shares of the semiconductor manufacturer's stock valued at $296,000 after acquiring an additional 170 shares during the last quarter. Narwhal Capital Management boosted its position in Broadcom by 4.4% in the third quarter. Narwhal Capital Management now owns 42,936 shares of the semiconductor manufacturer's stock worth $15,079,000 after purchasing an additional 1,814 shares during the last quarter. Finally, Csenge Advisory Group boosted its position in Broadcom by 1.8% in the third quarter. Csenge Advisory Group now owns 18,283 shares of the semiconductor manufacturer's stock worth $6,421,000 after purchasing an additional 330 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AVGO has been the subject of a number of recent research reports. Morgan Stanley restated an "overweight" rating and set a $505.00 price target (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. DA Davidson upgraded shares of Broadcom from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $350.00 to $400.00 in a research note on Tuesday, October 27th. Sanford C. Bernstein reiterated a "buy" rating on shares of Broadcom in a research note on Monday, September 21st. President Capital raised their price objective on shares of Broadcom from $520.00 to $546.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Finally, Wall Street Zen lowered shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. One research 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $530.52.

More Broadcom News

Here's some of the latest news about AVGO:

• Positive Sentiment: Investors are rotating toward rival chipmakers as uncertainty around Nvidia creates a potential opening for Broadcom to win more AI-chip business. Broadcom’s custom-chip focus positions it to benefit if hyperscalers expand alternatives to Nvidia’s products. Why Broadcom Stock Rallied Thursday Morning
• Positive Sentiment: Industry spending remains a supportive backdrop: analyst estimates for hyperscaler capital expenditures have risen sharply, suggesting continued investment in AI infrastructure that could underpin demand for Broadcom’s custom chips and related systems. Great News for Nvidia, Micron, Broadcom, and AMD Stock Investors
• Negative Sentiment: Potentially tighter U.S. export controls and hardware-tracking rules could add compliance costs and delay international AI deployments. Such restrictions may affect Broadcom and other semiconductor suppliers, even if demand for AI infrastructure remains strong. Midterm Fallout, NVIDIA Turmoil, Anthropic’s IPO: Is Broadcom a Steal?

Broadcom Trading Up 5.5%

Shares of NASDAQ:AVGO opened at $364.36 on Friday. The stock has a 50 day moving average of $345.59 and a 200 day moving average of $366.48. The company has a market cap of $1.74 trillion, a PE ratio of 46.53 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. Broadcom Inc. has a 12-month low of $289.77 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the firm posted $1.69 EPS. The firm's quarterly revenue was up 85.5% compared to the same quarter last year. As a group, equities research analysts expect that Broadcom Inc. will post 10.20 EPS for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio is presently 33.21%.

Broadcom Company 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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