Pension & Wealth Management Advisors Inc. Purchases 2,644 Shares of Broadcom Inc. $AVGO

Pension & Wealth Management Advisors Inc. raised its position in Broadcom Inc. (NASDAQ:AVGO) by 226.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,811 shares of the semiconductor manufacturer’s stock after buying an additional 2,644 shares during the period. Pension & Wealth Management Advisors Inc.’s holdings in Broadcom were worth $1,248,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Newport Capital Group LLC acquired a new stake in shares of Broadcom in the 3rd quarter valued at $1,156,000. Cantor Fitzgerald Investment Advisors L.P. lifted its stake in shares of Broadcom by 2.1% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 9,197 shares of the semiconductor manufacturer’s stock valued at $3,230,000 after acquiring an additional 187 shares during the period. Granite Islands Private Wealth LLC lifted its stake in shares of Broadcom by 1.4% during the third quarter. Granite Islands Private Wealth LLC now owns 9,944 shares of the semiconductor manufacturer’s stock valued at $3,479,000 after acquiring an additional 142 shares during the period. Farrell Financial LLC lifted its stake in shares of Broadcom by 24.4% during the third quarter. Farrell Financial LLC now owns 954 shares of the semiconductor manufacturer’s stock valued at $335,000 after acquiring an additional 187 shares during the period. Finally, Michael J. Porro & Co. Financial Advisors Inc. lifted its stake in shares of Broadcom by 27.6% during the third quarter. Michael J. Porro & Co. Financial Advisors Inc. now owns 2,705 shares of the semiconductor manufacturer’s stock valued at $950,000 after acquiring an additional 585 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Performance

Shares of NASDAQ:AVGO opened at $328.75 on Friday. The firm’s 50 day simple moving average is $364.33 and its 200 day simple moving average is $383.51. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 41.99 and a beta of 1.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the previous year, the company earned $1.69 earnings per share. The business’s revenue for the quarter was up 85.5% on a year-over-year basis. As a group, sell-side analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current 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 given 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 (DPR) is currently 33.21%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s long-term AI opportunity remains attractive because hyperscalers and companies including OpenAI, Anthropic, Alphabet and Meta are adopting custom-designed chips and high-speed networking as alternatives to Nvidia GPUs. Analysts and investors continue to view Broadcom’s combination of custom silicon, networking and infrastructure software as a potential long-term growth engine. Will Broadcom Rejoin the $2 Trillion Club in 2027?
• Positive Sentiment: Erste Group raised its FY2027 earnings forecast for Broadcom, while roughly $121.5 million of net ETF purchases on Oct. 14 indicate that some institutional investors continue to add exposure. Broadcom FY2027 Earnings Forecast Raised by Erste Group Bank
• Neutral Sentiment: Broadcom’s reported plan to arrange $60 billion in financing connected to Anthropic could expand its AI relationship and customer opportunity, but it also increases the financial stakes and execution risk of the company’s AI strategy. Broadcom’s Anthropic Bet Gets Bigger
• Neutral Sentiment: Broadcom and CoreWeave rejected tokenized shares offered through the OKX/ICE venue, limiting a potential new trading channel but signaling caution around digital representations of public-company stock. CoreWeave, Broadcom Reject Tokenized Shares
• Negative Sentiment: CEO Hock Tan warned that rising financing costs and speculative, “casino-like” AI investing could slow expansion. His comments raise concerns that AI customers may reduce capital spending or struggle to turn heavy infrastructure investments into profits, weighing particularly on custom-AI-chip suppliers. Broadcom Falls as AI Capital Warning Weighs
• Negative Sentiment: Higher-than-expected inflation and expectations for higher interest rates are prompting investors to rotate away from expensive technology and AI stocks. A Gartner warning that many neocloud companies could fail or consolidate by 2030 has intensified fears of an AI infrastructure spending mismatch. MarketBeat Week in Review
• Negative Sentiment: Reports that Apple may cut iPhone 18 Pro component orders create an additional demand concern for suppliers, although Broadcom’s exposure and potential impact appear less direct than for some peers. Apple Cut iPhone 18 Orders

Analyst Ratings Changes

AVGO has been the topic of several recent research reports. Wall Street Zen cut Broadcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Lake Street Capital raised Broadcom to a “buy” rating in a report on Thursday, September 3rd. BMO Capital Markets upped their target price on shares of Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Weiss Ratings upgraded shares of Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, The Goldman Sachs Group raised their target price on shares of Broadcom from $525.00 to $540.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $527.20.

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.