Broadcom Inc. $AVGO Stock Sold by Burr Financial Services LLC

Burr Financial Services LLC lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 58.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,666 shares of the semiconductor manufacturer’s stock after selling 24,519 shares during the period. Broadcom makes up 3.8% of Burr Financial Services LLC’s investment portfolio, making the stock its 8th largest position. Burr Financial Services LLC’s holdings in Broadcom were worth $6,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVGO. Tactive Advisors LLC increased its position in shares of Broadcom by 58.6% during the third quarter. Tactive Advisors LLC now owns 2,651 shares of the semiconductor manufacturer’s stock valued at $931,000 after acquiring an additional 979 shares in the last quarter. Peterson Wealth Advisors LLC boosted its stake in Broadcom by 9.1% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 1,141 shares of the semiconductor manufacturer’s stock valued at $401,000 after purchasing an additional 95 shares during the last quarter. New Covenant Trust Company N.A. boosted its stake in Broadcom by 13.1% during the 3rd quarter. New Covenant Trust Company N.A. now owns 5,394 shares of the semiconductor manufacturer’s stock valued at $1,894,000 after purchasing an additional 626 shares during the last quarter. Quintet Private Bank Europe S.A. increased its holdings in shares of Broadcom by 112.3% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 258,673 shares of the semiconductor manufacturer’s stock worth $90,843,000 after purchasing an additional 136,825 shares in the last quarter. Finally, Toth Financial Advisory Corp raised its stake in shares of Broadcom by 5.5% in the third quarter. Toth Financial Advisory Corp now owns 35,914 shares of the semiconductor manufacturer’s stock worth $12,613,000 after purchasing an additional 1,871 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly seeking more than $50 billion from lenders including Apollo Global Management and Blackstone to finance custom AI chips being developed with OpenAI. The effort signals potentially enormous demand for Broadcom’s custom accelerators and could support long-term AI revenue growth. Discussions remain preliminary, however, and the final financing amount may change. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: Investors continue to highlight Broadcom’s rapid custom-chip and networking opportunity as hyperscalers expand AI infrastructure. Analysts cited in recent coverage expect substantial earnings growth, while elevated call-option activity indicates strong speculative interest in the shares. Broadcom AI revenue growth and custom chips
• Neutral Sentiment: CEO Hock Tan continues to defend Broadcom’s approximately $350 billion AI-chip outlook, emphasizing demand from inference-focused customers. The forecast supports the bullish long-term narrative but requires sustained spending by a small group of large technology customers. Broadcom CEO defends AI outlook
• Negative Sentiment: The proposed debt-funded chip purchases have raised concerns about leverage, “circular” financing and the risk of financing chips with loans that could outlast their useful lives. Because the arrangement is tied to OpenAI demand and remains unfinalized, investors may be discounting execution, credit and customer-concentration risks. AI chip debt financing risks
• Negative Sentiment: Broadcom’s valuation remains demanding after its strong AI rally, leaving less room for disappointment. Investors are questioning whether projected AI growth is already reflected in the stock, particularly as competing chip and networking companies pursue the same hyperscaler spending. Broadcom AI growth and valuation

Insider Buying and Selling at Broadcom

In other news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AVGO. DA Davidson set a $350.00 price objective on Broadcom and gave the company a “neutral” rating in a research report on Friday, September 4th. Lake Street Capital upgraded shares of Broadcom to a “buy” rating in a research note on Thursday, September 3rd. Piper Sandler began coverage on shares of Broadcom in a research report on Wednesday, September 9th. They issued an “overweight” rating and a $460.00 target price for the company. Rosenblatt Securities began coverage on shares of Broadcom in a research note on Thursday, September 3rd. They set a “buy” rating and a $600.00 target price for the company. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Broadcom in a report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $527.20.

Broadcom Trading Down 3.1%

AVGO stock traded down $11.77 during trading on Thursday, hitting $364.74. The company had a trading volume of 8,724,596 shares, compared to its average volume of 25,031,582. The firm has a market capitalization of $1.74 trillion, a P/E ratio of 46.46 and a beta of 1.46. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. The company has a 50 day simple moving average of $372.35 and a 200-day simple moving average of $382.17. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company’s revenue for the quarter was up 85.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.69 EPS. As a group, research analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom’s payout ratio is 33.21%.

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 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.