Broadcom Inc. $AVGO Shares Bought by Artemis Investment Management LLP

Artemis Investment Management LLP grew its holdings in Broadcom Inc. (NASDAQ:AVGO) by 123.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,892 shares of the semiconductor manufacturer’s stock after acquiring an additional 61,860 shares during the quarter. Artemis Investment Management LLP’s holdings in Broadcom were worth $39,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter valued at $92,522,000. Bank of America Corp DE lifted its holdings in Broadcom by 1.5% during the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock worth $18,179,719,000 after acquiring an additional 894,564 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new position in Broadcom in the second quarter valued at about $3,302,000. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Broadcom by 129.3% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock worth $34,061,000 after acquiring an additional 62,050 shares in the last quarter. Finally, Violich Capital Management Inc. raised its position in shares of Broadcom by 26.1% during the third quarter. Violich Capital Management Inc. now owns 21,791 shares of the semiconductor manufacturer’s stock worth $7,653,000 after purchasing an additional 4,511 shares during the period. Institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of research reports. Jefferies Financial Group assumed coverage on Broadcom in a research note on Thursday, September 3rd. They set a “buy” rating and a $550.00 target price for the company. UBS Group cut shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. Fox Advisors raised shares of Broadcom to an “outperform” rating in a research report on Thursday, September 3rd. Citigroup reaffirmed a “buy” rating and issued a $515.00 target price (up from $500.00) on shares of Broadcom in a research note on Friday, September 4th. Finally, Cantor Fitzgerald lifted their price target on Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. One research 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, the company presently has an average rating of “Moderate Buy” and an average price target of $527.20.

Broadcom Stock Performance

NASDAQ AVGO traded down $12.93 on Thursday, hitting $363.58. 10,287,193 shares of the stock were exchanged, compared to its average volume of 25,032,932. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The business’s fifty day moving average is $372.35 and its 200 day moving average is $382.17. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The company has a market capitalization of $1.74 trillion, a PE ratio of 46.43 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter last year, the firm posted $1.69 EPS. The company’s quarterly revenue was up 85.5% on a year-over-year basis. Research analysts anticipate 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. Investors of record on Monday, September 21st were issued 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 payout ratio is presently 33.21%.

Insider Activity at Broadcom

In other news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly seeking more than $50 billion from lenders including Apollo Global Management and Blackstone to finance custom AI chips being developed with OpenAI. The effort signals potentially enormous demand for Broadcom’s custom accelerators and could support long-term AI revenue growth. Discussions remain preliminary, however, and the final financing amount may change. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: Investors continue to highlight Broadcom’s rapid custom-chip and networking opportunity as hyperscalers expand AI infrastructure. Analysts cited in recent coverage expect substantial earnings growth, while elevated call-option activity indicates strong speculative interest in the shares. Broadcom AI revenue growth and custom chips
• Neutral Sentiment: CEO Hock Tan continues to defend Broadcom’s approximately $350 billion AI-chip outlook, emphasizing demand from inference-focused customers. The forecast supports the bullish long-term narrative but requires sustained spending by a small group of large technology customers. Broadcom CEO defends AI outlook
• Negative Sentiment: The proposed debt-funded chip purchases have raised concerns about leverage, “circular” financing and the risk of financing chips with loans that could outlast their useful lives. Because the arrangement is tied to OpenAI demand and remains unfinalized, investors may be discounting execution, credit and customer-concentration risks. AI chip debt financing risks
• Negative Sentiment: Broadcom’s valuation remains demanding after its strong AI rally, leaving less room for disappointment. Investors are questioning whether projected AI growth is already reflected in the stock, particularly as competing chip and networking companies pursue the same hyperscaler spending. Broadcom AI growth and valuation

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.