Broadcom Inc. $AVGO Shares Sold by Community Financial Services Group LLC

Community Financial Services Group LLC reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 56,242 shares of the semiconductor manufacturer’s stock after selling 2,381 shares during the period. Broadcom makes up about 2.9% of Community Financial Services Group LLC’s holdings, making the stock its 7th largest holding. Community Financial Services Group LLC’s holdings in Broadcom were worth $19,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Financial Harvest LLC grew its position in Broadcom by 32.8% in the third quarter. Financial Harvest LLC now owns 993 shares of the semiconductor manufacturer’s stock worth $349,000 after acquiring an additional 245 shares in the last quarter. Brindle & Bay Financial Advisors LLC boosted its holdings in shares of Broadcom by 49.2% in the 3rd quarter. Brindle & Bay Financial Advisors LLC now owns 946 shares of the semiconductor manufacturer’s stock valued at $332,000 after buying an additional 312 shares in the last quarter. WealthPLAN Partners LLC grew its stake in Broadcom by 13.1% during the 3rd quarter. WealthPLAN Partners LLC now owns 5,292 shares of the semiconductor manufacturer’s stock worth $1,859,000 after buying an additional 613 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in shares of Broadcom by 1.0% in the third quarter. Summit Financial Wealth Advisors LLC now owns 9,456 shares of the semiconductor manufacturer’s stock worth $3,321,000 after buying an additional 94 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Broadcom by 1.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 566,975 shares of the semiconductor manufacturer’s stock worth $193,182,000 after buying an additional 9,850 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Broadcom

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AVGO shares. Arete Research upped their target price on Broadcom from $488.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Rosenblatt Securities assumed coverage on Broadcom in a research report on Thursday, September 3rd. They set a “buy” rating and a $600.00 target price on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Broadcom in a research note on Thursday, September 3rd. DA Davidson set a $350.00 target price on Broadcom and gave the stock a “neutral” rating in a research report on Friday, September 4th. Finally, Erste Group Bank reissued a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $527.20.

Broadcom Stock Performance

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

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business’s revenue for the quarter was up 85.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.69 earnings per share. Analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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 of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Broadcom 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.