Coastline Trust Co Sells 1,586 Shares of Broadcom Inc. $AVGO

Coastline Trust Co reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 13.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,936 shares of the semiconductor manufacturer’s stock after selling 1,586 shares during the quarter. Coastline Trust Co’s holdings in Broadcom were worth $3,489,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Cim Investment Management Inc. grew its position in shares of Broadcom by 9.7% during the second quarter. Cim Investment Management Inc. now owns 22,900 shares of the semiconductor manufacturer’s stock worth $8,650,000 after buying an additional 2,032 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Broadcom by 10.1% during the 2nd quarter. QRG Capital Management Inc. now owns 864,506 shares of the semiconductor manufacturer’s stock worth $323,796,000 after acquiring an additional 79,451 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Broadcom by 9.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 227,394 shares of the semiconductor manufacturer’s stock worth $85,882,000 after acquiring an additional 19,465 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Broadcom by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,133,536 shares of the semiconductor manufacturer’s stock worth $3,003,100,000 after purchasing an additional 735,257 shares during the last quarter. Finally, Andra AP fonden increased its position in shares of Broadcom by 25.9% in the 2nd quarter. Andra AP fonden now owns 817,960 shares of the semiconductor manufacturer’s stock worth $308,984,000 after purchasing an additional 168,260 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom has agreed to provide Anthropic with up to $42 billion in financing to lease chips and fund AI infrastructure. The facility could cover roughly one-third of Anthropic’s reported five-year, $125.2 billion TPU-compute commitment, creating a potentially significant source of future chip, networking and equipment demand. The financing may also be convertible into Anthropic shares, providing possible equity upside. Reuters article
• Positive Sentiment: Reports indicate Anthropic could become Broadcom’s largest customer next year. Investors view the arrangement as evidence that Broadcom is securing long-term exposure to one of the fastest-growing AI infrastructure companies, supporting expectations for continued growth in custom AI accelerators and related systems. Barron’s article
• Neutral Sentiment: The details come from Anthropic’s IPO prospectus, which describes extensive commitments to Broadcom and other technology partners. The prospectus provides greater visibility into potential future revenue, but the commitments remain dependent on Anthropic’s ability to raise capital and deploy AI capacity as planned. Proactive Investors article
• Negative Sentiment: Anthropic reportedly faces approximately $161.2 billion in Broadcom lease obligations and roughly $518 billion in total infrastructure commitments. That scale raises concerns about customer concentration, counterparty creditworthiness and whether Anthropic can ultimately fund its planned expansion. Any slowdown in AI spending could therefore affect Broadcom’s expected growth and increase financing risk. MarketBeat article

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. BMO Capital Markets increased their target price on shares of Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Citic Securities raised shares of Broadcom to a “buy” rating and lifted their price target for the company from $450.00 to $525.00 in a report on Tuesday, September 8th. HSBC lowered their price objective on shares of Broadcom from $600.00 to $560.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $535.00 target price (up from $450.00) on shares of Broadcom in a report on Thursday, June 4th. One investment 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $527.20.

Broadcom Stock Performance

Shares of AVGO traded down $3.52 during midday trading on Thursday, hitting $347.67. 9,407,154 shares of the stock traded hands, compared to its average volume of 25,065,188. The business’s 50 day moving average price is $374.25 and its two-hundred day moving average price is $380.70. The firm has a market capitalization of $1.66 trillion, a PE ratio of 44.31 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share 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 analysts’ expectations 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 quarter last year, the company earned $1.69 EPS. Equities research analysts predict that Broadcom Inc. will post 10.36 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Insiders Place Their Bets

In related news, Director Gayla Delly sold 1,890 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director owned 31,326 shares in the company, valued at $12,072,413.88. This represents a 5.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were 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 in the company, valued at $78,254,935.37. This represents a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,890 shares of company stock valued at $20,241,368 in the last quarter. 1.90% of the stock is currently owned by insiders.

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.