Broadcom Inc. $AVGO Stock Bought by Waycross Partners LLC

Waycross Partners LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 24.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 152,644 shares of the semiconductor manufacturer’s stock after acquiring an additional 29,905 shares during the quarter. Broadcom accounts for approximately 4.2% of Waycross Partners LLC’s holdings, making the stock its 6th largest position. Waycross Partners LLC’s holdings in Broadcom were worth $53,607,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. LightSquare Wealth Management LLC increased its position in Broadcom by 5.5% during the third quarter. LightSquare Wealth Management LLC now owns 2,913 shares of the semiconductor manufacturer’s stock worth $1,023,000 after acquiring an additional 152 shares during the period. Alps Advisors Inc. boosted its holdings in Broadcom by 102.1% in the 3rd quarter. Alps Advisors Inc. now owns 30,850 shares of the semiconductor manufacturer’s stock valued at $10,834,000 after purchasing an additional 15,588 shares during the period. Canvas Wealth Advisors LLC boosted its holdings in Broadcom by 10.1% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 11,247 shares of the semiconductor manufacturer’s stock valued at $3,880,000 after purchasing an additional 1,029 shares during the period. Asset One Wealth Management LLC boosted its holdings in Broadcom by 13.8% in the 3rd quarter. Asset One Wealth Management LLC now owns 27,351 shares of the semiconductor manufacturer’s stock valued at $9,606,000 after purchasing an additional 3,319 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Broadcom by 3.6% during the 3rd quarter. International Assets Investment Management LLC now owns 70,921 shares of the semiconductor manufacturer’s stock worth $24,431,000 after purchasing an additional 2,496 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: A broader recovery in AI and chip shares helped lift Broadcom after concerns about data-center expansion and AI regulation contributed to the recent sell-off. Falling oil prices also supported the wider market. Why is Broadcom stock surging?
• Positive Sentiment: Coverage of Google’s large chip-spending forecast renewed focus on Broadcom’s role in custom AI chips. Broadcom is developing custom processors that could help Google and OpenAI meet AI-computing needs beyond reliance on GPUs. The Real Winner of Google’s Chip Forecast: Broadcom
• Positive Sentiment: Several investment articles argued that Broadcom’s AI and custom-chip prospects could support substantial upside, despite its recent share-price weakness. These are bullish opinions, not company guidance. Broadcom: Despite Two Fearful Narratives, Big Healthy Upside
• Neutral Sentiment: Broadcom said it will report fourth-quarter and fiscal 2026 results after the market closes on December 9. The date sets a potential upcoming catalyst but provides no new financial results. Broadcom earnings announcement
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation Sandbox, an open-source ecosystem development that may support its software presence but is not an immediate earnings catalyst. Broadcom contributes VM API project to CNCF
• Negative Sentiment: Risks remain: articles cited margin pressure and a sizable financing structure as concerns, while debate over data-center permitting, policy and AI infrastructure debt could weigh on the chip trade. That makes the recent recovery vulnerable if investor concerns return. Broadcom analyst outlook and risks

Analyst Ratings Changes

Several brokerages have recently commented on AVGO. Citigroup cut shares of Broadcom from a “buy” rating to a “neutral” rating in a report on Tuesday, October 27th. Tigress Financial assumed coverage on shares of Broadcom in a research report on Thursday, October 22nd. They issued a “buy” rating and a $600.00 price target for the company. Raymond James Financial reiterated an “outperform” rating and issued a $475.00 price target (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. HC Wainwright started coverage on Broadcom in a research report on Tuesday, October 27th. They set a “buy” rating on the stock. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Broadcom in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $530.52.

Broadcom Trading Up 8.8%

AVGO opened at $319.48 on Tuesday. Broadcom Inc. has a twelve month low of $289.77 and a twelve month high of $495.00. The company has a 50-day simple moving average of $346.90 and a 200 day simple moving average of $366.13. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 40.80 and a beta of 1.49.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the prior year, the company posted $1.69 earnings per share. The business’s revenue for the quarter was up 85.5% on a year-over-year basis. Analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio is 33.21%.

Broadcom Company Profile

Broadcom Inc is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics.

Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.