Broadcom Inc. $AVGO Stock Holdings Cut by James Investment Research Inc.

James Investment Research Inc. reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,738 shares of the semiconductor manufacturer’s stock after selling 2,041 shares during the quarter. Broadcom comprises 1.5% of James Investment Research Inc.’s portfolio, making the stock its 10th biggest position. James Investment Research Inc.’s holdings in Broadcom were worth $13,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter valued at $92,522,000. GAMMA Investing LLC lifted its holdings in Broadcom by 8.8% during the third quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer’s stock worth $55,889,000 after acquiring an additional 13,317 shares in the last quarter. ANB Bank bought a new position in Broadcom during the third quarter worth about $1,181,000. Bank of America Corp DE lifted its holdings in Broadcom by 1.5% during the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock worth $18,179,719,000 after acquiring an additional 894,564 shares in the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new position in Broadcom in the second quarter valued at about $3,302,000. 76.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AVGO shares. Wedbush started coverage on Broadcom in a report on Tuesday. They issued an “outperform” rating for the company. Jefferies Financial Group began coverage on Broadcom in a report on Thursday, September 3rd. They set a “buy” rating and a $550.00 price objective on the stock. BNP Paribas Exane boosted their price objective on Broadcom from $675.00 to $715.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. TD Cowen reiterated a “buy” rating and issued a $475.00 price objective (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. Finally, William Blair cut Broadcom from an “outperform” rating to a “market perform” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and a consensus target price of $530.52.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: A consortium including Bank of America, Blackstone, Citigroup and Morgan Stanley reportedly arranged up to $63 billion to finance Broadcom AI accelerators and networking equipment for Anthropic. The structure could provide significant demand visibility, while Truist estimates the arrangement could generate as much as $30 billion in Broadcom revenue with limited direct risk. Broadcom Anthropic financing article
• Positive Sentiment: Anthropic’s IPO filing highlighted approximately $224.5 billion of non-cancelable compute commitments with Amazon and Alphabet. Investors viewed the spending requirements as an indirect tailwind for Broadcom’s custom AI chips, application-specific processors and networking products. Anthropic IPO filing article
• Positive Sentiment: D.A. Davidson upgraded AVGO from Neutral to Buy and raised its price target from $350 to $400, citing sustained AI spending and upcoming AI-company IPOs. Rosenblatt also reaffirmed a Buy rating with a $600 target. D.A. Davidson upgrade article
• Positive Sentiment: Fitch affirmed Broadcom’s A- issuer rating with a Positive outlook, citing strong cash generation and expectations that core EBITDA leverage will remain below the agency’s upgrade threshold. Fitch rating article
• Neutral Sentiment: Broadcom released fixes for 89 vulnerabilities in its TrueSource Spring Enterprise software, supporting its infrastructure-software business and customer relationships, though the announcement is unlikely to materially affect near-term earnings. Broadcom TrueSource announcement
• Negative Sentiment: Bearish concerns remain: rising AI mix may pressure margins, supply constraints could limit growth, and revenue is increasingly concentrated among a small number of customers. Analysts have also cut estimates, while Broadcom’s uncapped off-balance-sheet guarantees create additional financing and execution risk. Broadcom risk analysis
• Negative Sentiment: Alphabet’s efforts to diversify TPU suppliers, along with weakness in Broadcom’s non-AI businesses, could challenge the company’s long-term customer concentration and valuation assumptions. Reported insider activity has also been heavily weighted toward sales, adding a modest sentiment headwind.

Broadcom Stock Up 4.0%

AVGO opened at $342.33 on Wednesday. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The firm’s fifty day simple moving average is $354.48 and its 200 day simple moving average is $366.99.

Broadcom (NASDAQ:AVGO) 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 company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 earnings per share. On average, research analysts predict that Broadcom Inc. will post 10.37 earnings per share 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 issued 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 dividend yield of 0.8%.

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 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.