Triasima Portfolio Management inc. Sells 12,828 Shares of Broadcom Inc. $AVGO

Key Points

• Triasima Portfolio Management cut its Broadcom stake by 56.7% in the third quarter, selling 12,828 shares and retaining 9,789 shares valued at approximately $3.44 million. Institutional investors still own 76.43% of Broadcom’s stock.
• Broadcom shares fell 4.5% to $328.75, despite strong quarterly results that exceeded analyst estimates and showed revenue growth of 85.5% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $527.20.
• The company declared a quarterly dividend of $0.65 per share, equivalent to an annualized $2.60 payout and a 0.8% yield. Broadcom’s long-term AI opportunity remains attractive, but management has warned that high financing costs and speculative AI spending could slow growth.

Triasima Portfolio Management inc. lessened its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 56.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,789 shares of the semiconductor manufacturer's stock after selling 12,828 shares during the period. Triasima Portfolio Management inc.'s holdings in Broadcom were worth $3,438,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Financial Harvest LLC boosted its stake in shares of Broadcom by 32.8% during the third quarter. Financial Harvest LLC now owns 993 shares of the semiconductor manufacturer's stock valued at $349,000 after purchasing an additional 245 shares in the last quarter. Brindle & Bay Financial Advisors LLC increased its position in Broadcom by 49.2% in the 3rd quarter. Brindle & Bay Financial Advisors LLC now owns 946 shares of the semiconductor manufacturer's stock valued at $332,000 after acquiring an additional 312 shares during the period. WealthPLAN Partners LLC increased its position in Broadcom by 13.1% in the 3rd quarter. WealthPLAN Partners LLC now owns 5,292 shares of the semiconductor manufacturer's stock valued at $1,859,000 after acquiring an additional 613 shares during the period. Summit Financial Wealth Advisors LLC increased its position in Broadcom by 1.0% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 9,456 shares of the semiconductor manufacturer's stock valued at $3,321,000 after acquiring an additional 94 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Broadcom by 1.8% during the third quarter. State of Alaska Department of Revenue now owns 566,975 shares of the semiconductor manufacturer's stock valued at $193,182,000 after acquiring an additional 9,850 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AVGO. Arete Research lifted their price target on shares of Broadcom from $488.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. BMO Capital Markets boosted their price objective on shares of Broadcom from $455.00 to $575.00 and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Wall Street Zen downgraded Broadcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Raymond James Financial reaffirmed an "outperform" rating and set a $475.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, September 3rd. Finally, Jefferies Financial Group initiated coverage on Broadcom in a report on Thursday, September 3rd. They set a "buy" rating and a $550.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom has an average rating of "Moderate Buy" and an average price target of $527.20.

Broadcom Trading Down 4.5%

Shares of NASDAQ:AVGO traded down $15.58 during trading on Friday, reaching $328.75. The stock had a trading volume of 29,704,386 shares, compared to its average volume of 23,045,156. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The firm's fifty day moving average is $364.33 and its 200 day moving average is $383.51. The stock has a market cap of $1.57 trillion, a price-to-earnings ratio of 41.99 and a beta of 1.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced 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 business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom's quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 earnings per share. As a group, equities analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a dividend of $0.65 per share. 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%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s long-term AI opportunity remains attractive because hyperscalers and companies including OpenAI, Anthropic, Alphabet and Meta are adopting custom-designed chips and high-speed networking as alternatives to Nvidia GPUs. Analysts and investors continue to view Broadcom’s combination of custom silicon, networking and infrastructure software as a potential long-term growth engine. Will Broadcom Rejoin the $2 Trillion Club in 2027?
• Positive Sentiment: Erste Group raised its FY2027 earnings forecast for Broadcom, while roughly $121.5 million of net ETF purchases on Oct. 14 indicate that some institutional investors continue to add exposure. Broadcom FY2027 Earnings Forecast Raised by Erste Group Bank
• Neutral Sentiment: Broadcom’s reported plan to arrange $60 billion in financing connected to Anthropic could expand its AI relationship and customer opportunity, but it also increases the financial stakes and execution risk of the company’s AI strategy. Broadcom’s Anthropic Bet Gets Bigger
• Neutral Sentiment: Broadcom and CoreWeave rejected tokenized shares offered through the OKX/ICE venue, limiting a potential new trading channel but signaling caution around digital representations of public-company stock. CoreWeave, Broadcom Reject Tokenized Shares
• Negative Sentiment: CEO Hock Tan warned that rising financing costs and speculative, “casino-like” AI investing could slow expansion. His comments raise concerns that AI customers may reduce capital spending or struggle to turn heavy infrastructure investments into profits, weighing particularly on custom-AI-chip suppliers. Broadcom Falls as AI Capital Warning Weighs
• Negative Sentiment: Higher-than-expected inflation and expectations for higher interest rates are prompting investors to rotate away from expensive technology and AI stocks. A Gartner warning that many neocloud companies could fail or consolidate by 2030 has intensified fears of an AI infrastructure spending mismatch. MarketBeat Week in Review
• Negative Sentiment: Reports that Apple may cut iPhone 18 Pro component orders create an additional demand concern for suppliers, although Broadcom’s exposure and potential impact appear less direct than for some peers. Apple Cut iPhone 18 Orders

About Broadcom

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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