4,317 Broadcom Inc. $AVGO Shares Sold by American National Bank & Trust

American National Bank & Trust cut its stake in Broadcom Inc. (NASDAQ:AVGO) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 107,531 shares of the semiconductor manufacturer’s stock after selling 4,317 shares during the quarter. Broadcom comprises 3.4% of American National Bank & Trust’s holdings, making the stock its 7th largest holding. American National Bank & Trust’s holdings in Broadcom were worth $37,673,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Legal & General Group Plc purchased a new stake in shares of Broadcom during the 2nd quarter valued at about $11,998,148,000. Bank of New York Mellon Corp bought a new stake in Broadcom in the 2nd quarter worth approximately $10,528,191,000. Jupiter Topco LLC bought a new stake in Broadcom in the 2nd quarter worth approximately $7,396,271,000. State Street Corp raised its stake in Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock valued at $75,367,711,000 after buying an additional 16,651,378 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Broadcom during the 2nd quarter valued at $5,661,216,000. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AVGO shares. Morgan Stanley restated an “overweight” rating and issued a $505.00 price target (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. BNP Paribas Exane increased their target price on Broadcom from $675.00 to $715.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Weiss Ratings downgraded Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Cantor Fitzgerald increased their price objective on shares of Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Finally, Evercore set a $578.00 target price on shares of Broadcom and gave the company an “outperform” rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and a consensus target price of $527.20.

Broadcom Price Performance

Shares of AVGO traded down $2.31 during mid-day trading on Wednesday, reaching $373.50. The stock had a trading volume of 7,842,801 shares, compared to its average volume of 25,064,432. The business has a fifty day moving average of $372.22 and a 200 day moving average of $381.78. 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 firm has a market cap of $1.78 trillion, a price-to-earnings ratio of 47.66 and a beta of 1.46. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The company 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%. Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.69 EPS. Equities analysts predict that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $0.65 dividend. 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 33.21%.

Insider Buying and Selling at Broadcom

In related news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction dated 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 owned 194,989 shares in the company, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI revenue reportedly grew 221% year over year, reinforcing its position as a leading supplier of custom AI accelerators and networking equipment. Analysts argue that custom chips could become a larger and more durable opportunity than general-purpose GPUs as hyperscalers seek improved power efficiency and workload optimization. Broadcom’s AI Revenue Is Growing at 221%
• Positive Sentiment: Marvell Technology’s ambitious custom-AI-chip outlook is a positive read-through for Broadcom, which competes for hyperscaler ASIC and networking projects. Marvell’s investor-day targets and emphasis on custom silicon helped lift sentiment across the segment. Marvell Rallies as Custom AI Silicon Gains Attention
• Positive Sentiment: Unusually heavy call-option activity, a reported $13 million Broadcom purchase by Cathie Wood, and bullish comparisons with Nvidia indicate continued institutional and retail interest in AVGO’s AI growth prospects. Cathie Wood Just Bought Broadcom Stock
• Neutral Sentiment: Morgan Stanley believes Broadcom and Nvidia may be relatively protected from a potential U.S. data-center power shortage, although constrained electricity could still slow the broader AI infrastructure buildout. Nvidia and Broadcom May Be Protected From AI Power Shortage
• Negative Sentiment: Investor skepticism remains the main overhang: some coverage questions whether strong AI results are already priced in and highlights concerns about circular financing linked to Anthropic, hyperscaler dependence and the stock’s tendency to disappoint after earnings beats. These risks help explain why AVGO has not been consistently rewarded for its operating performance. Broadcom: When The Story And The Stock Disagree

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.