Broadcom Inc. $AVGO Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC lessened its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,070 shares of the semiconductor manufacturer’s stock after selling 1,629 shares during the quarter. Broadcom comprises about 0.9% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 29th biggest holding. KMG Fiduciary Partners LLC’s holdings in Broadcom were worth $9,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Networth Advisors LLC boosted its position in shares of Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Core Capital Management & Research inc. purchased a new position in shares of Broadcom in the second quarter valued at $31,000. Harborfront Financial Group LLC bought a new stake in Broadcom in the second quarter worth $38,000. Coppell Advisory Solutions LLC bought a new stake in Broadcom in the second quarter worth $60,000. Finally, IMG Wealth Management Inc. bought a new stake in Broadcom in the second quarter worth $64,000. Institutional investors own 76.43% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom plans to launch an AI networking platform at the OCP Global Summit, potentially strengthening its position in the rapidly expanding market for hyperscale data-center connectivity. Broadcom To Launch AI Networking Platform
• Positive Sentiment: The company introduced VMware HyperArmor, a security product designed to protect VMware Cloud Foundation hypervisors from increasingly sophisticated cyberattacks. The launch supports Broadcom’s recurring infrastructure-software strategy and could improve VMware’s product value. Broadcom Introduces VMware HyperArmor
• Positive Sentiment: Analysts and commentators continue to highlight Broadcom’s custom AI-chip business, including multiyear hyperscaler contracts and demand from customers such as Google. This model allows AVGO to benefit from AI spending without competing directly with Nvidia in general-purpose GPUs. Broadcom and Google AI Designs
• Neutral Sentiment: CEO Hock Tan warned that capital availability—not memory-chip supply—could become the biggest bottleneck for AI expansion. The comments raise concerns about the sustainability of data-center spending, even as Broadcom reportedly increased its AI revenue outlook. Capital Crunch Could Become AI Bottleneck
• Neutral Sentiment: Broadcom is being promoted as a leading AI and dividend stock, but comparisons with Nvidia, Qualcomm and Oracle emphasize that investors must weigh growth, leverage and valuation rather than AI exposure alone. Dividend Stocks Offering AI Exposure
• Negative Sentiment: Tan’s description of AI investors as casino gamblers may reinforce concerns that the sector has become speculative and vulnerable to a pullback if funding or expected returns deteriorate. Broadcom CEO Compared AI Investors to Gamblers
• Negative Sentiment: AVGO remains well below its record high, with technical indicators showing continued pressure. Profit-taking across semiconductor equipment stocks and renewed concern about AI-related financing are weighing on sentiment toward the broader chip group. Broadcom Stock Analysis

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent research reports. Bank of America decreased their price target on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Piper Sandler began coverage on shares of Broadcom in a research note on Wednesday, September 9th. They issued an “overweight” rating and a $460.00 price objective for the company. Evercore set a $578.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a report on Thursday, September 3rd. BNP Paribas Exane upped their target price on shares of Broadcom from $675.00 to $715.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Finally, Jefferies Financial Group initiated coverage on shares of Broadcom in a research 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 given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $527.20.

Broadcom Trading Up 0.7%

Shares of AVGO opened at $357.31 on Wednesday. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The company has a market cap of $1.71 trillion, a P/E ratio of 45.63 and a beta of 1.46. 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 company’s fifty day simple moving average is $369.27 and its 200-day simple moving average is $383.32.

Broadcom (NASDAQ:AVGO) 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 firm had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter last year, the business earned $1.69 EPS. The business’s revenue was up 85.5% on a year-over-year basis. As a group, analysts expect that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

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

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 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.