Gradient Investments LLC Buys 18,735 Shares of Broadcom Inc. $AVGO

Gradient Investments LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 9.1% during the third quarter, Holdings Channel reports. The firm owned 224,134 shares of the semiconductor manufacturer’s stock after purchasing an additional 18,735 shares during the period. Broadcom makes up about 1.1% of Gradient Investments LLC’s holdings, making the stock its 17th biggest holding. Gradient Investments LLC’s holdings in Broadcom were worth $78,714,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its position in Broadcom by 8.7% during 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 acquiring an additional 16,651,378 shares during the period. Bank of America Corp DE raised its holdings in shares of Broadcom by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock worth $23,202,543,000 after purchasing an additional 2,685,916 shares during the period. Wellington Management Group LLP raised its holdings in shares of Broadcom by 3.8% in the 2nd quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock worth $19,484,611,000 after purchasing an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Broadcom by 2.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer’s stock valued at $15,178,195,000 after purchasing an additional 1,140,598 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Broadcom in the 2nd quarter valued at about $11,998,148,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

In related news, insider Mark Brazeal sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set a “buy” rating and a $550.00 price target on the stock. UBS Group downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Broadcom in a research report on Thursday, September 3rd. HSBC cut their price target on Broadcom from $600.00 to $560.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Finally, Citigroup reissued a “buy” rating and issued a $515.00 price target (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $527.20.

Broadcom Stock Performance

AVGO stock traded down $14.40 during trading on Thursday, hitting $362.11. 10,701,870 shares of the company’s stock traded hands, compared to its average volume of 25,032,932. The stock has a fifty day moving average price of $372.35 and a two-hundred day moving average price of $382.17. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The stock has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 46.36 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 earnings per share 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 business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. The company’s revenue for the quarter was up 85.5% compared to the same quarter last year. As a group, equities analysts anticipate that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is 33.21%.

Broadcom News Summary

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

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.