Sowell Financial Services LLC Acquires 3,465 Shares of Broadcom Inc. $AVGO

Key Points

• Sowell Financial Services increased its Broadcom stake by 6.7% in the third quarter, acquiring 3,465 additional shares and bringing its holdings to 54,883 shares valued at approximately $19.3 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported strong quarterly results, with revenue up 85.5% year over year to $29.59 billion and EPS of $3.32, exceeding analyst expectations. The company also pays a quarterly dividend of $0.65 per share, yielding about 0.7% annually.
• Analyst sentiment remains broadly positive, with Broadcom carrying a “Moderate Buy” consensus rating and an average price target of $530.52. Optimism centers on AI infrastructure demand and a potential Anthropic financing arrangement, though risks include customer concentration, supply constraints and valuation pressure.

Sowell Financial Services LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,883 shares of the semiconductor manufacturer's stock after acquiring an additional 3,465 shares during the quarter. Broadcom makes up 0.6% of Sowell Financial Services LLC's holdings, making the stock its 26th largest holding. Sowell Financial Services LLC's holdings in Broadcom were worth $19,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. NORTHSTAR ASSET MANAGEMENT Co lifted its stake in shares of Broadcom by 0.5% during the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock worth $1,656,000 after purchasing an additional 25 shares during the last quarter. Yukon Wealth Management Inc. raised its stake in Broadcom by 1.1% in the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock valued at $774,000 after buying an additional 26 shares during the last quarter. NerdWallet Wealth Partners LLC boosted its holdings in Broadcom by 2.6% in the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock worth $399,000 after acquiring an additional 27 shares in the last quarter. Veery Capital LLC boosted its stake in Broadcom by 1.4% in the 2nd quarter. Veery Capital LLC now owns 1,900 shares of the semiconductor manufacturer's stock worth $718,000 after purchasing an additional 27 shares in the last quarter. Finally, Ridgeline Wealth Planning LLC grew its holdings in shares of Broadcom by 2.1% during the second quarter. Ridgeline Wealth Planning LLC now owns 1,302 shares of the semiconductor manufacturer's stock valued at $492,000 after buying an additional 27 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Trading Up 2.8%

Shares of Broadcom stock opened at $351.81 on Thursday. The company has a market cap of $1.68 trillion, a P/E ratio of 44.93 and a beta of 1.46. The firm has a 50-day simple moving average of $353.92 and a two-hundred day simple moving average of $367.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted 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. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The business had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. During the same period in the previous year, the business earned $1.69 earnings per share. The business's revenue was up 85.5% compared to the same quarter last year. As a group, equities analysts predict 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. Investors of record on Monday, September 21st were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: D.A. Davidson upgraded Broadcom to Buy from Neutral and raised its price target from $350 to $400. The firm cited continued AI spending and potential public offerings by major AI developers, improving sentiment toward Broadcom’s custom-chip and networking outlook. D.A. Davidson upgrades Broadcom to buy from neutral
• Positive Sentiment: A $63 billion financing structure for Anthropic’s AI infrastructure is the main business catalyst. Banks and Blackstone reportedly committed financing for a special-purpose vehicle to purchase and lease Broadcom accelerators and networking equipment. Truist estimates the arrangement could generate as much as $30 billion in revenue, while the deal signals strong demand for Broadcom’s AI systems. Broadcom Anthropic financing structure
• Positive Sentiment: Credit-quality support also improved. Fitch affirmed Broadcom’s A- rating with a positive outlook, citing strong cash generation and operating momentum. Rosenblatt separately reaffirmed a Buy rating with a $600 target, underscoring the bullish view of long-term AI demand. Fitch affirms Broadcom rating
• Neutral Sentiment: Broadcom may participate in a potential investment in Meta, alongside other chip suppliers. The move could deepen customer ties and provide exposure to Meta’s AI expansion, but investing in a major customer also raises concerns about circular financing and customer concentration. Chip suppliers may invest in Meta
• Negative Sentiment: The Anthropic arrangement introduces meaningful risk. Banks reportedly considered withdrawing, and Broadcom’s potentially large AI-rack lease backstop could create off-balance-sheet obligations. Analysts also cite rising AI-related margin pressure, supply constraints, dependence on a concentrated customer base and competition from Credo. Higher interest rates could further pressure the valuation of high-growth technology shares.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley reissued an "overweight" rating and issued a $505.00 price objective (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Oppenheimer began coverage on Broadcom in a report on Tuesday. They set a "buy" rating for the company. Cantor Fitzgerald upped their target price on Broadcom from $525.00 to $600.00 and gave the company an "overweight" rating in a research report on Thursday, September 3rd. Lake Street Capital raised shares of Broadcom to a "buy" rating in a research report on Thursday, September 3rd. Finally, TD Cowen restated a "buy" rating and set a $475.00 price objective (down from $500.00) on shares of Broadcom in a research note on Thursday, September 3rd. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $530.52.

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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