Broadcom Inc. $AVGO Stock Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 78.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,114 shares of the semiconductor manufacturer’s stock after selling 30,289 shares during the period. Teamwork Financial Advisors LLC’s holdings in Broadcom were worth $2,850,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Broadcom by 8.7% in the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock valued at $75,367,711,000 after acquiring an additional 16,651,378 shares in the last quarter. Bank of America Corp DE lifted its holdings in Broadcom by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock worth $23,202,543,000 after purchasing an additional 2,685,916 shares during the last quarter. Wellington Management Group LLP boosted its position in Broadcom by 3.8% during the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock worth $19,484,611,000 after purchasing an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Broadcom by 2.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer’s stock worth $15,178,195,000 after purchasing an additional 1,140,598 shares during the period. Finally, Legal & General Group Plc bought a new stake in Broadcom during the second quarter worth approximately $11,998,148,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $334.37 on Wednesday. The company has a market cap of $1.60 trillion, a price-to-earnings ratio of 42.70 and a beta of 1.46. The business has a 50 day moving average price of $360.94 and a 200 day moving average price of $384.47. 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 Inc. has a twelve month low of $289.96 and a twelve month high of $495.00.

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

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: 10-year NTT DOCOMO agreement: Broadcom will help NTT DOCOMO advance its private cloud using VMware Cloud Foundation. The deal supports recurring software revenue, strengthens VMware’s position in enterprise infrastructure, and could improve confidence in Broadcom’s post-acquisition software strategy. Broadcom to Advance NTT DOCOMO’s Private Cloud with VMware Cloud Foundation
• Positive Sentiment: AI-chip momentum remains strong: Reports highlight Broadcom’s AI-chip sales growth of approximately 236%, with recent performance exceeding Wall Street expectations. Continued hyperscaler spending on custom silicon and networking equipment supports the company’s growth outlook. Broadcom Sees AI Chip Sales Up 236%, but Who Is Paying?
• Positive Sentiment: Semiconductor rebound thesis: Short interest in the leveraged SOXL semiconductor ETF has fallen sharply while institutional investors, including JPMorgan, have increased exposure. This suggests some investors view the sector’s sell-off as a temporary valuation reset rather than a deterioration in chip demand. Chip Stocks Are Sliding—Why Is Smart Money Buying?
• Neutral Sentiment: OpenAI fundraising highlights AI demand but benefits Nvidia more directly: OpenAI is reportedly seeking roughly $30 billion at a valuation above $1.4 trillion, while Nvidia agreed to guarantee up to $105 billion of obligations tied to an Ohio campus. The development reinforces AI infrastructure demand, but the announced financing has no direct Broadcom commitment. OpenAI Is Reportedly Raising $30 Billion. Which Chip Stock Gains the Most?
• Negative Sentiment: AI bubble and execution concerns: CEO Hock Tan’s comments comparing AI investment conditions to a “casino,” along with warnings about capital constraints, have unsettled retail investors. Broader concerns about an AI bubble and semiconductor supply bottlenecks are contributing to risk reduction across chip stocks. AI Stocks Are Flashing a Bubble-Burst Warning
• Negative Sentiment: Technical and valuation pressure persists: AVGO is trading well below its 52-week high and below both its 50-day and 200-day moving averages. With a forward growth story already reflected in a high valuation, investors may remain sensitive to any slowdown in AI orders or customer concentration concerns.

Analyst Upgrades and Downgrades

AVGO has been the topic of several analyst reports. Wall Street Zen downgraded Broadcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Citic Securities upgraded shares of Broadcom to a “buy” rating and boosted their price objective for the stock from $450.00 to $525.00 in a research note on Tuesday, September 8th. HSBC decreased their price objective on shares of Broadcom from $600.00 to $560.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. 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. Finally, Fox Advisors upgraded shares of Broadcom to an “outperform” rating in a report 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.