Broadcom Inc. $AVGO Stake Increased by Global Wealth Strategies & Associates

Global Wealth Strategies & Associates boosted its stake in Broadcom Inc. (NASDAQ:AVGO) by 165.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,872 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,789 shares during the quarter. Global Wealth Strategies & Associates’ holdings in Broadcom were worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Networth Advisors LLC boosted its position in shares of Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Core Capital Management & Research inc. purchased a new stake in Broadcom in the 2nd quarter worth approximately $31,000. Harborfront Financial Group LLC bought a new position in Broadcom in the 2nd quarter valued at $38,000. Coppell Advisory Solutions LLC bought a new position in Broadcom in the 2nd quarter valued at $60,000. Finally, IMG Wealth Management Inc. bought a new position in Broadcom in the 2nd quarter valued at $64,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AVGO. TD Cowen reaffirmed a “buy” rating and issued a $475.00 price target (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Arete Research lifted 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. President Capital boosted their target price on Broadcom from $520.00 to $546.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. DA Davidson set a $350.00 target price on Broadcom and gave the stock a “neutral” rating in a research note on Friday, September 4th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $475.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. One research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $527.20.

Insider Activity

In other news, Director Gayla Delly sold 1,890 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,890 shares of company stock worth $20,241,368 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Broadcom Stock Performance

Broadcom stock opened at $343.64 on Friday. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The stock has a market cap of $1.64 trillion, a P/E ratio of 43.89 and a beta of 1.46. The firm’s fifty day moving average price is $373.28 and its 200-day moving average price is $380.85.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) 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 analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.69 earnings per share. On average, equities research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reportedly plans to provide Anthropic with up to $42 billion in financing to lease chips and fund AI infrastructure. The arrangement could support significant future demand for Broadcom’s custom AI accelerators, networking equipment and related infrastructure. Broadcom to lend Anthropic up to $42 billion to lease its chips
• Positive Sentiment: Anthropic’s IPO prospectus indicates Broadcom could become its largest customer next year. Anthropic has committed to approximately $125.2 billion of five-year TPU computing capacity, strengthening the outlook for Broadcom’s AI-related revenue growth. Broadcom Stock Rises. Anthropic and Broadcom Are Becoming More Intertwined.
• Neutral Sentiment: The financing may be convertible into Anthropic shares, potentially giving Broadcom equity upside if Anthropic’s valuation rises or it completes a successful IPO. However, the structure also links Broadcom’s returns to Anthropic’s ability to raise capital and expand profitably. Broadcom to provide Anthropic with up to $42 billion in financing
• Negative Sentiment: Investors are questioning the risk of a circular AI-investment arrangement: Broadcom would finance Anthropic, while Anthropic uses the funds to purchase or lease Broadcom-linked infrastructure. This raises concerns about customer concentration, credit exposure and whether reported AI demand is sustainable without continued external financing. Broadcom to lend Anthropic up to $42 billion to lease chips
• Negative Sentiment: Anthropic’s reported infrastructure obligations are extremely large—about $161.2 billion in Broadcom lease commitments and $518 billion overall—intensifying concerns about counterparty risk and the possibility of an AI-spending slowdown or “AI bubble.” Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test

Broadcom Company 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.