Broadcom Inc. $AVGO Stock Sold by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.2% in the third quarter, Holdings Channel.com reports. The fund owned 164,146 shares of the semiconductor manufacturer’s stock after selling 1,955 shares during the period. Broadcom comprises approximately 3.9% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 7th largest holding. Edgemoor Investment Advisors Inc.’s holdings in Broadcom were worth $57,647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Paragon Advisors LLC boosted its holdings in Broadcom by 0.6% in the third quarter. Paragon Advisors LLC now owns 46,294 shares of the semiconductor manufacturer’s stock valued at $16,258,000 after acquiring an additional 258 shares in the last quarter. Elite Wealth Management Inc. increased its position in Broadcom by 41.7% during the 3rd quarter. Elite Wealth Management Inc. now owns 49,815 shares of the semiconductor manufacturer’s stock valued at $17,495,000 after purchasing an additional 14,655 shares during the period. M Holdings Securities Inc. increased its position in Broadcom by 5.9% during the 3rd quarter. M Holdings Securities Inc. now owns 21,866 shares of the semiconductor manufacturer’s stock valued at $7,119,000 after purchasing an additional 1,227 shares during the period. Brighton Jones LLC raised its holdings in Broadcom by 3.9% in the 3rd quarter. Brighton Jones LLC now owns 68,624 shares of the semiconductor manufacturer’s stock worth $24,100,000 after purchasing an additional 2,588 shares in the last quarter. Finally, American State Bank Iowa raised its holdings in Broadcom by 5.9% in the 3rd quarter. American State Bank Iowa now owns 7,017 shares of the semiconductor manufacturer’s stock worth $2,464,000 after purchasing an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Bank of America dropped their target price on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Piper Sandler initiated coverage on shares of Broadcom in a research note on Wednesday, September 9th. They set an “overweight” rating and a $460.00 target price on the stock. BNP Paribas Exane boosted their price target on shares of Broadcom from $675.00 to $715.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Weiss Ratings raised shares of Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. 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-nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $530.52.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Anthropic’s S-1 filing reportedly shows surging revenue and $131.8 billion in cash, strengthening confidence in its ability to support a large commitment to Broadcom. Broadcom’s connection to a $26 billion Anthropic placement also underscores its role in the AI supply chain. Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
• Positive Sentiment: Google’s projected $135 billion chip spending could benefit Broadcom’s custom-chip business, as large technology companies look beyond GPUs to develop their own AI processors. The Real Winner of Google’s $135 Billion Chip Forecast: Broadcom
• Positive Sentiment: Analysts point to Broadcom’s history of earnings surprises and factors they believe could support another quarterly beat. The next results are scheduled for December 9, making the report a near-term test of AI demand and investor expectations. Will Broadcom Beat Estimates Again?
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation’s Sandbox and is working on Kubernetes workload standards. This may strengthen VMware’s ecosystem and partner support, though the near-term financial impact is uncertain. Broadcom Contributes VM API Open Source Project to CNCF
• Negative Sentiment: Despite the rebound, investor concerns persist over margin pressure and a reported $63 billion financing structure. Broader worries about data-center investment, AI regulation and higher interest rates could also weigh on sentiment toward semiconductor stocks. Broadcom’s Margin and Financing Concerns

Broadcom Price Performance

Shares of AVGO stock opened at $331.98 on Wednesday. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 42.40 and a beta of 1.49. The business’s fifty day moving average is $346.14 and its 200 day moving average is $366.16. Broadcom Inc. has a twelve month low of $289.77 and a twelve month high of $495.00. 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 posted its quarterly earnings data 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. The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The firm’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.69 earnings per share. Research analysts expect that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom’s dividend payout ratio is currently 33.21%.

Broadcom Company Profile

Broadcom Inc. is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics. Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.