N10 Wealth LLC Buys 6,202 Shares of Broadcom Inc. $AVGO

Key Points

• N10 Wealth LLC increased its Broadcom stake by 29.1% in the third quarter, adding 6,202 shares to hold 27,546 shares valued at approximately $9.7 million. Institutional investors own 76.43% of Broadcom.
• Broadcom reported quarterly EPS of $3.32 and revenue of $29.59 billion, beating estimates, while revenue rose 85.5% year over year. The company also pays a quarterly dividend of $0.65, or $2.60 annually.
• Shares opened at $346.25 and remain below their 50-day and 200-day moving averages, despite strong AI-related growth prospects. Analysts maintain a “Moderate Buy” consensus with an average price target of $527.20, though valuation, potential debt, and the sustainability of AI spending remain concerns.

N10 Wealth LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 29.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,546 shares of the semiconductor manufacturer's stock after acquiring an additional 6,202 shares during the period. Broadcom accounts for 2.7% of N10 Wealth LLC's portfolio, making the stock its 15th largest position. N10 Wealth LLC's holdings in Broadcom were worth $9,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Networth Advisors LLC increased its position in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Core Capital Management & Research inc. bought a new position in shares of Broadcom during the second quarter worth about $31,000. Harborfront Financial Group LLC bought a new position in shares of Broadcom during the second quarter worth about $38,000. IMG Wealth Management Inc. acquired a new position in Broadcom in the second quarter worth about $64,000. Finally, Gilpin Wealth Management LLC grew its stake in Broadcom by 290.2% in the third quarter. Gilpin Wealth Management LLC now owns 199 shares of the semiconductor manufacturer's stock worth $70,000 after purchasing an additional 148 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Down 3.1%

Shares of Broadcom stock opened at $346.25 on Thursday. The stock has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 44.22 and a beta of 1.46. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. 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 business's 50 day simple moving average is $367.83 and its 200-day simple moving average is $383.58.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion during 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 revenue for the quarter was up 85.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. Equities research analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom AI accelerator business remains a major growth driver. The company is reportedly booking orders well into 2028 as large technology customers shift toward internally designed chips, potentially benefiting Broadcom as AI spending expands beyond Nvidia. One Stock Could Benefit as AI Spending Moves Beyond Nvidia
• Positive Sentiment: Analysts continue to raise expectations: Erste Group lifted its fiscal 2027 EPS forecast to $17.59 from $17.54, while other coverage highlights Broadcom’s strong free cash flow, high-margin semiconductor and infrastructure-software businesses, and substantial AI-chip revenue.
• Positive Sentiment: Broadcom is preparing to launch an AI networking platform at the OCP Global Summit, supporting the view that its opportunity extends beyond accelerators into the networking infrastructure needed for AI data centers. Broadcom To Launch AI Networking Platform
• Positive Sentiment: The introduction of VMware HyperArmor adds a new security product for VMware Cloud Foundation and could strengthen Broadcom’s infrastructure-software portfolio. Broadcom Introduces VMware HyperArmor
• Neutral Sentiment: Several analyses describe a disconnect between Broadcom’s rapidly growing revenue and weaker stock performance. The company is viewed as a potentially steadier long-term AI investment than more concentrated semiconductor peers, but investors remain divided over whether current growth is sufficiently reflected in its valuation.
• Negative Sentiment: CEO Hock Tan warned that AI investment has a “casino” element and faces a capital hurdle. Those comments have heightened concerns that data-center customers could eventually slow spending or struggle to earn adequate returns, even as Broadcom raises AI expectations.
• Negative Sentiment: Reports discussing a possible $50 billion debt deal have raised questions about leverage and financing risk. Meanwhile, AVGO remains well below its 52-week high and below its 50-day and 200-day moving averages, indicating continuing technical pressure and investor profit-taking.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AVGO. Raymond James Financial restated an "outperform" rating and set a $475.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. Piper Sandler assumed coverage on Broadcom in a report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 price target for the company. Morgan Stanley reissued an "overweight" rating and set a $505.00 price target (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. Bank of America reduced their price objective on Broadcom from $530.00 to $460.00 and set a "buy" rating on the stock in a research note on Thursday, September 3rd. Finally, Cantor Fitzgerald raised their price objective on Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. 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. Based on data from MarketBeat.com, Broadcom presently has an average rating of "Moderate Buy" and a consensus target price of $527.20.

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 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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