Turtle Creek Wealth Advisors LLC Acquires 3,294 Shares of Broadcom Inc. $AVGO

Key Points

• Turtle Creek Wealth Advisors increased its Broadcom stake by 4.3% in the third quarter, adding 3,294 shares for a total of 79,944 shares valued at approximately $28.1 million.
• Institutional investors own 76.43% of Broadcom, with several major firms recently initiating or expanding positions in the semiconductor company.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $527.20. Broadcom also exceeded quarterly earnings and revenue estimates, reporting 85.5% year-over-year revenue growth.

Turtle Creek Wealth Advisors LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,944 shares of the semiconductor manufacturer's stock after purchasing an additional 3,294 shares during the quarter. Broadcom accounts for approximately 1.4% of Turtle Creek Wealth Advisors LLC's holdings, making the stock its 14th largest position. Turtle Creek Wealth Advisors LLC's holdings in Broadcom were worth $28,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in Broadcom in the second quarter worth about $11,998,148,000. Bank of New York Mellon Corp bought a new position in Broadcom in the 2nd quarter valued at about $10,528,191,000. Jupiter Topco LLC bought a new position in Broadcom in the 2nd quarter valued at about $7,396,271,000. State Street Corp increased its stake in Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock valued at $75,367,711,000 after buying an additional 16,651,378 shares during the period. Finally, Deutsche Bank AG acquired a new position in Broadcom during the 2nd quarter valued at about $5,661,216,000. Institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AVGO. Dbs Bank upgraded shares of Broadcom to a "moderate buy" rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Broadcom in a report on Thursday, September 3rd. Evercore set a $578.00 price objective on shares of Broadcom and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Rosenblatt Securities assumed coverage on Broadcom in a report on Thursday, September 3rd. They set a "buy" rating and a $600.00 target price on the stock. Finally, Truist Financial dropped their target price on Broadcom from $550.00 to $520.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $527.20.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

Broadcom Price Performance

NASDAQ:AVGO opened at $344.33 on Friday. The business's 50-day moving average price is $366.31 and its 200 day moving average price is $383.89. The firm has a market cap of $1.64 trillion, a P/E ratio of 43.98 and a beta of 1.46. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $29.24 billion. During the same period in the prior year, the company earned $1.69 EPS. Broadcom's revenue was up 85.5% on a year-over-year basis. As a group, sell-side analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom's payout ratio is currently 33.21%.

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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