Keybank National Association OH Sells 45,914 Shares of Broadcom Inc. $AVGO

Keybank National Association OH cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,624,875 shares of the semiconductor manufacturer’s stock after selling 45,914 shares during the quarter. Broadcom comprises about 1.9% of Keybank National Association OH’s investment portfolio, making the stock its 10th largest position. Keybank National Association OH’s holdings in Broadcom were worth $570,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Core Capital Management & Research inc. acquired a new position in Broadcom during the second quarter worth about $31,000. Harborfront Financial Group LLC acquired a new stake in shares of Broadcom during the 2nd quarter valued at approximately $38,000. DecisionPoint Financial LLC lifted its position in shares of Broadcom by 101.9% during the 3rd quarter. DecisionPoint Financial LLC now owns 105 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 53 shares during the period. Align Financial LLC lifted its position in shares of Broadcom by 67.2% during the 3rd quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 45 shares during the period. Finally, Curry Webb Wealth Management LLC purchased a new stake in shares of Broadcom during the 3rd quarter worth approximately $41,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $600.00 price target on shares of Broadcom in a report on Tuesday, October 27th. Arete Research raised their price objective on Broadcom from $488.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Citigroup cut Broadcom from a “buy” rating to a “neutral” rating in a report on Tuesday, October 27th. Wall Street Zen downgraded Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Wedbush initiated coverage on Broadcom in a research report on Tuesday, October 27th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $530.52.

Broadcom Stock Performance

Shares of AVGO opened at $364.36 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.74 trillion, a P/E ratio of 46.53 and a beta of 1.49. The company has a 50-day moving average of $345.59 and a two-hundred day moving average of $366.48. Broadcom Inc. has a 12-month low of $289.77 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. The company 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%. Broadcom’s revenue was up 85.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 earnings per share. As a group, research analysts predict that Broadcom Inc. will post 10.20 EPS for the current fiscal 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 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 dividend yield of 0.7%. Broadcom’s dividend payout ratio is currently 33.21%.

Key Broadcom News

Here’s some of the latest news about AVGO:

• Positive Sentiment: Investors are rotating toward rival chipmakers as uncertainty around Nvidia creates a potential opening for Broadcom to win more AI-chip business. Broadcom’s custom-chip focus positions it to benefit if hyperscalers expand alternatives to Nvidia’s products. Why Broadcom Stock Rallied Thursday Morning
• Positive Sentiment: Industry spending remains a supportive backdrop: analyst estimates for hyperscaler capital expenditures have risen sharply, suggesting continued investment in AI infrastructure that could underpin demand for Broadcom’s custom chips and related systems. Great News for Nvidia, Micron, Broadcom, and AMD Stock Investors
• Negative Sentiment: Potentially tighter U.S. export controls and hardware-tracking rules could add compliance costs and delay international AI deployments. Such restrictions may affect Broadcom and other semiconductor suppliers, even if demand for AI infrastructure remains strong. Midterm Fallout, NVIDIA Turmoil, Anthropic’s IPO: Is Broadcom a Steal?

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.