Broadcom Inc. $AVGO Stock Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 11.2% during the third quarter, HoldingsChannel.com reports. The fund owned 12,129 shares of the semiconductor manufacturer’s stock after selling 1,531 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Broadcom were worth $4,260,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Networth Advisors LLC raised its holdings in shares of Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 71 shares during the period. Core Capital Management & Research inc. purchased a new position in Broadcom in the 2nd quarter worth approximately $31,000. Harborfront Financial Group LLC acquired a new stake in Broadcom in the second quarter valued at approximately $38,000. IMG Wealth Management Inc. purchased a new stake in shares of Broadcom during the second quarter valued at approximately $64,000. Finally, Gilpin Wealth Management LLC raised its stake in shares of Broadcom by 290.2% during the third quarter. Gilpin Wealth Management LLC now owns 199 shares of the semiconductor manufacturer’s stock valued at $70,000 after purchasing an additional 148 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Down 4.5%

AVGO opened at $328.75 on Friday. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. 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 stock has a market capitalization of $1.57 trillion, a PE ratio of 41.99 and a beta of 1.46. The firm’s fifty day moving average price is $364.33 and its 200 day moving average price is $383.51.

Broadcom (NASDAQ:AVGO) last released its earnings results 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 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 in the previous year, the firm earned $1.69 EPS. The company’s revenue was up 85.5% on a year-over-year basis. As a group, research analysts expect that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is currently 33.21%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AVGO. TD Cowen reaffirmed a “buy” rating and set a $475.00 price target (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. UBS Group cut shares of Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Evercore set a $578.00 price objective on shares of Broadcom and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Piper Sandler assumed coverage on Broadcom in a research note on Wednesday, September 9th. They set an “overweight” rating and a $460.00 target price for the company. Finally, Fox Advisors raised Broadcom to an “outperform” rating in a research report on Thursday, September 3rd. 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 MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and a consensus target price of $527.20.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s long-term AI opportunity remains attractive because hyperscalers and companies including OpenAI, Anthropic, Alphabet and Meta are adopting custom-designed chips and high-speed networking as alternatives to Nvidia GPUs. Analysts and investors continue to view Broadcom’s combination of custom silicon, networking and infrastructure software as a potential long-term growth engine. Will Broadcom Rejoin the $2 Trillion Club in 2027?
• Positive Sentiment: Erste Group raised its FY2027 earnings forecast for Broadcom, while roughly $121.5 million of net ETF purchases on Oct. 14 indicate that some institutional investors continue to add exposure. Broadcom FY2027 Earnings Forecast Raised by Erste Group Bank
• Neutral Sentiment: Broadcom’s reported plan to arrange $60 billion in financing connected to Anthropic could expand its AI relationship and customer opportunity, but it also increases the financial stakes and execution risk of the company’s AI strategy. Broadcom’s Anthropic Bet Gets Bigger
• Neutral Sentiment: Broadcom and CoreWeave rejected tokenized shares offered through the OKX/ICE venue, limiting a potential new trading channel but signaling caution around digital representations of public-company stock. CoreWeave, Broadcom Reject Tokenized Shares
• Negative Sentiment: CEO Hock Tan warned that rising financing costs and speculative, “casino-like” AI investing could slow expansion. His comments raise concerns that AI customers may reduce capital spending or struggle to turn heavy infrastructure investments into profits, weighing particularly on custom-AI-chip suppliers. Broadcom Falls as AI Capital Warning Weighs
• Negative Sentiment: Higher-than-expected inflation and expectations for higher interest rates are prompting investors to rotate away from expensive technology and AI stocks. A Gartner warning that many neocloud companies could fail or consolidate by 2030 has intensified fears of an AI infrastructure spending mismatch. MarketBeat Week in Review
• Negative Sentiment: Reports that Apple may cut iPhone 18 Pro component orders create an additional demand concern for suppliers, although Broadcom’s exposure and potential impact appear less direct than for some peers. Apple Cut iPhone 18 Orders

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.