2,623 Broadcom Inc. $AVGO Shares Acquired by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,631 shares of the semiconductor manufacturer’s stock after buying an additional 2,623 shares during the quarter. Broadcom accounts for about 1.3% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 18th largest position. Neville Rodie & Shaw Inc.’s holdings in Broadcom were worth $18,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $11,998,148,000. Bank of New York Mellon Corp bought a new position in Broadcom during the 2nd quarter worth approximately $10,528,191,000. Jupiter Topco LLC acquired a new position in Broadcom during the second quarter valued at approximately $7,396,271,000. State Street Corp increased its stake in Broadcom by 8.7% in the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock valued at $75,367,711,000 after purchasing an additional 16,651,378 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Broadcom in the second quarter valued at approximately $5,661,216,000. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AVGO shares. Bank of America reduced their price target on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. President Capital upped their price objective on shares of Broadcom from $520.00 to $546.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $505.00 price objective (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. KeyCorp reissued an “overweight” rating and issued a $575.00 target price on shares of Broadcom in a research note on Thursday, September 3rd. Finally, Weiss Ratings downgraded Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and a consensus price target of $527.20.

Broadcom Stock Up 2.3%

NASDAQ AVGO traded up $8.16 on Monday, reaching $363.30. The company had a trading volume of 9,394,614 shares, compared to its average volume of 25,061,176. The company’s fifty day moving average is $372.74 and its 200-day moving average is $381.07. The firm has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 46.40 and a beta of 1.46. 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 posted its quarterly earnings data 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. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. Broadcom’s revenue for the quarter was up 85.5% compared to the same quarter last year. On average, research analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Reported Anthropic financing and chip demand: Broadcom reportedly agreed to provide up to $42 billion in financing to Anthropic, potentially supporting purchases of Broadcom’s AI chips and custom silicon. The arrangement has helped fuel optimism about a major customer relationship and future revenue. Broadcom Stock Jumps Following Reported $42 Billion Financing Deal With Anthropic
• Positive Sentiment: AI revenue momentum remains exceptional: Fiscal third-quarter AI semiconductor revenue reportedly reached $16.7 billion, up 221% year over year, while management’s fourth-quarter guidance calls for $21.7 billion, or 236% growth. Investors view these figures as evidence that AI networking and custom-chip demand is still expanding rapidly. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Positive Sentiment: Long-term growth expectations are bullish: Analysts and financial commentators expect Broadcom’s AI revenue could double in both 2027 and 2028, while custom chips are becoming increasingly important to data-center operators. Morgan Stanley also reportedly considers Broadcom relatively protected from current AI power-related supply-chain constraints.
• Positive Sentiment: Cash generation and scale support shareholder returns: Broadcom’s strong cash flow is viewed as sufficient to support its dividend, while its revenue growth has significantly outpaced Intel over recent quarters. Broadcom vs. Intel: What Revenue Trends Tell Investors
• Neutral Sentiment: Upcoming industry data may drive volatility: Taiwan Semiconductor’s October 15 results are expected to provide clues about AI-chip demand, manufacturing capacity, and spending trends relevant to Broadcom ahead of its next earnings report.
• Negative Sentiment: Financing structure raises concerns: The Anthropic arrangement could create “circular financing” risk because Broadcom is reportedly both funding the customer and supplying its chips. Investors may question credit exposure, the quality of demand, and whether purchases remain sustainable without financing support. Broadcom’s Massive $42 Billion Chip-Buying Deal with Anthropic Raises Circular Financing Worries
• Negative Sentiment: Valuation and concentration risks remain: Broadcom trades at a premium earnings multiple after its AI rally, while a growing reliance on a small number of powerful customers could increase bargaining pressure and make dividend growth more dependent on continued AI spending.

Insider Transactions at Broadcom

In other news, insider Mark Brazeal sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at $78,254,935.37. This trade represents a 11.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gayla Delly sold 1,890 shares of Broadcom 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 sale, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 51,890 shares of company stock valued at $20,241,368. Company insiders own 1.90% of the company’s stock.

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.