Broadcom Inc. $AVGO Shares Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,472 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,933 shares during the period. Broadcom makes up 1.0% of Integrated Advisors Network LLC’s holdings, making the stock its 16th biggest holding. Integrated Advisors Network LLC’s holdings in Broadcom were worth $21,588,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Harfst & Associates Inc. boosted its stake in shares of Broadcom by 10.6% during the 3rd quarter. Harfst & Associates Inc. now owns 6,126 shares of the semiconductor manufacturer’s stock worth $2,151,000 after acquiring an additional 589 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Broadcom during the 3rd quarter valued at about $259,000. Zullo Investment Group Inc. grew its position in shares of Broadcom by 0.4% during the 3rd quarter. Zullo Investment Group Inc. now owns 6,949 shares of the semiconductor manufacturer’s stock valued at $2,441,000 after acquiring an additional 30 shares during the period. Diversify Advisory Services LLC increased its stake in shares of Broadcom by 159.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 228,120 shares of the semiconductor manufacturer’s stock valued at $78,549,000 after purchasing an additional 609,762 shares in the last quarter. Finally, Lakeshore Capital Group Inc. increased its stake in shares of Broadcom by 11.9% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 3,780 shares of the semiconductor manufacturer’s stock valued at $1,327,000 after purchasing an additional 401 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: ETF investors bought approximately $89.8 million of Broadcom shares on October 21, signaling continued institutional demand. Broadcom Sees $89.8 Million in Net ETF Buying
• Positive Sentiment: Analysts continue to highlight Broadcom’s leadership in custom AI accelerators. Demand from major AI labs and hyperscalers, including Anthropic, OpenAI and Meta, supports management’s ambitious long-term AI semiconductor growth outlook. 3 Magnificent AI Chip Stocks
• Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $600 price target, implying substantial upside from recent trading levels. Tigress Financial Broadcom Coverage
• Positive Sentiment: Broadcom launched Arcot Scam Defense, a real-time fraud-detection feature for digital payments. Strong initial pilot results could create incremental growth for its software and security businesses. Broadcom Debuts Arcot Scam Defense
• Neutral Sentiment: Broadcom remains the leading custom-chip design partner, but Alphabet is diversifying its TPU suppliers. Although Broadcom may lose market share, the overall AI accelerator market is expected to expand rapidly, potentially offsetting that loss. Broadcom AI Chip Business Risks
• Negative Sentiment: Investors are worried that customer-owned chip design and increased competition from MediaTek could reduce Broadcom’s role and margins in future AI programs. Alphabet’s supplier diversification is the clearest near-term risk. Broadcom AI Chip Business Risks
• Negative Sentiment: The broader market sell-off is weighing on AI stocks amid higher oil prices, inflation concerns and questions about whether massive data-center investments will generate sufficient returns. Technical commentary identifies the $320 area as an important support test. Broadcom Faces Critical $320 Test

Broadcom Trading Down 0.5%

NASDAQ AVGO opened at $321.68 on Friday. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The firm has a market cap of $1.54 trillion, a PE ratio of 41.08 and a beta of 1.46. The firm’s fifty day moving average is $356.05 and its two-hundred day moving average is $384.25. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

Broadcom (NASDAQ:AVGO) last issued its earnings results 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 return on equity of 48.33% and a net margin of 42.94%. The business 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 business posted $1.69 EPS. The company’s revenue for the quarter was up 85.5% on a year-over-year basis. Analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given 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 yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AVGO shares. Bank of America dropped their price target on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. TD Cowen restated a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. BMO Capital Markets increased their price objective on shares of Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Tigress Financial initiated coverage on shares of Broadcom in a research report on Thursday. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Fox Advisors raised shares of Broadcom to an “outperform” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $529.17.

About Broadcom

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.