Broadcom Inc. $AVGO Stock Sold by Ninety One North America Inc.

Ninety One North America Inc. decreased its position in Broadcom Inc. (NASDAQ:AVGO) by 20.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,686 shares of the semiconductor manufacturer’s stock after selling 7,852 shares during the quarter. Ninety One North America Inc.’s holdings in Broadcom were worth $10,425,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Networth Advisors LLC grew its position in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 71 shares during the period. Core Capital Management & Research inc. bought a new position in shares of Broadcom in the 2nd quarter worth about $31,000. Harborfront Financial Group LLC bought a new position in shares of Broadcom in the 2nd quarter worth about $38,000. IMG Wealth Management Inc. purchased a new position in Broadcom during the 2nd quarter valued at about $64,000. Finally, Gilpin Wealth Management LLC lifted its position in Broadcom by 290.2% during the 3rd quarter. Gilpin Wealth Management LLC now owns 199 shares of the semiconductor manufacturer’s stock valued at $70,000 after acquiring an additional 148 shares during the period. Institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AVGO. Lake Street Capital raised shares of Broadcom to a “buy” rating in a research note on Thursday, September 3rd. Cantor Fitzgerald raised their target price on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Broadcom in a research note on Thursday, September 3rd. Citic Securities upgraded shares of Broadcom to a “buy” rating and lifted their target price for the company from $450.00 to $525.00 in a report on Tuesday, September 8th. Finally, Weiss Ratings raised Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $527.20.

Broadcom Trading Down 0.6%

NASDAQ AVGO opened at $344.33 on Friday. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. 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 stock’s fifty day moving average price is $366.31 and its 200-day moving average price is $383.89. The stock has a market cap of $1.64 trillion, a P/E ratio of 43.98 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last posted its quarterly 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. The firm had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. Broadcom’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 EPS. As a group, equities analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The company 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 yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is currently 33.21%.

Trending Headlines about Broadcom

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 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.