Broadcom Inc. $AVGO Stock Sold by Candriam S.C.A.

Candriam S.C.A. reduced its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,641,270 shares of the semiconductor manufacturer’s stock after selling 51,468 shares during the period. Broadcom accounts for about 2.6% of Candriam S.C.A.’s investment portfolio, making the stock its 6th largest position. Candriam S.C.A.’s holdings in Broadcom were worth $578,504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AVGO. American State Bank Iowa boosted its stake in Broadcom by 5.9% in the 3rd quarter. American State Bank Iowa now owns 7,017 shares of the semiconductor manufacturer’s stock worth $2,464,000 after buying an additional 391 shares during the last quarter. Cullinan Associates Inc. grew its holdings in Broadcom by 10.0% in the 3rd quarter. Cullinan Associates Inc. now owns 13,172 shares of the semiconductor manufacturer’s stock valued at $4,626,000 after buying an additional 1,196 shares during the period. Henderson Brothers Financial Partners LLC purchased a new stake in Broadcom in the 3rd quarter valued at about $2,253,000. Ethic Inc. increased its stake in shares of Broadcom by 24.0% during the 3rd quarter. Ethic Inc. now owns 500,945 shares of the semiconductor manufacturer’s stock valued at $175,927,000 after acquiring an additional 97,073 shares during the last quarter. Finally, StoneX Group Inc. increased its stake in shares of Broadcom by 8.2% during the 3rd quarter. StoneX Group Inc. now owns 36,550 shares of the semiconductor manufacturer’s stock valued at $12,842,000 after acquiring an additional 2,767 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Stock Performance

NASDAQ:AVGO opened at $331.98 on Wednesday. The firm’s fifty day simple moving average is $346.14 and its 200 day simple moving average is $366.16. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a twelve month low of $289.77 and a twelve month high of $495.00. The firm has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 42.40 and a beta of 1.49.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The firm 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 firm earned $1.69 EPS. The firm’s quarterly revenue was up 85.5% compared to the same quarter last year. As a group, equities research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid 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 was Monday, September 21st. Broadcom’s payout ratio is currently 33.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. HSBC cut their price objective on shares of Broadcom from $600.00 to $560.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Cantor Fitzgerald upped their price target on shares of Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Tigress Financial assumed coverage on shares of Broadcom in a research note on Thursday, October 22nd. They set a “buy” rating and a $600.00 price target on the stock. TD Cowen reaffirmed a “buy” rating and set a $475.00 price target (down from $500.00) on shares of Broadcom in a research note on Thursday, September 3rd. Finally, UBS Group lowered shares of Broadcom from a “hold” rating to a “neutral” rating in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $530.52.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Anthropic’s S-1 filing reportedly shows surging revenue and $131.8 billion in cash, strengthening confidence in its ability to support a large commitment to Broadcom. Broadcom’s connection to a $26 billion Anthropic placement also underscores its role in the AI supply chain. Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
• Positive Sentiment: Google’s projected $135 billion chip spending could benefit Broadcom’s custom-chip business, as large technology companies look beyond GPUs to develop their own AI processors. The Real Winner of Google’s $135 Billion Chip Forecast: Broadcom
• Positive Sentiment: Analysts point to Broadcom’s history of earnings surprises and factors they believe could support another quarterly beat. The next results are scheduled for December 9, making the report a near-term test of AI demand and investor expectations. Will Broadcom Beat Estimates Again?
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation’s Sandbox and is working on Kubernetes workload standards. This may strengthen VMware’s ecosystem and partner support, though the near-term financial impact is uncertain. Broadcom Contributes VM API Open Source Project to CNCF
• Negative Sentiment: Despite the rebound, investor concerns persist over margin pressure and a reported $63 billion financing structure. Broader worries about data-center investment, AI regulation and higher interest rates could also weigh on sentiment toward semiconductor stocks. Broadcom’s Margin and Financing Concerns

About Broadcom

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.