Broadcom Inc. $AVGO Shares Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 173.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,833 shares of the semiconductor manufacturer’s stock after buying an additional 123,677 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Broadcom were worth $68,423,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Aries Wealth Management lifted its holdings in Broadcom by 13.3% during the third quarter. Aries Wealth Management now owns 4,647 shares of the semiconductor manufacturer’s stock worth $1,632,000 after acquiring an additional 545 shares in the last quarter. Tower View Wealth Management LLC increased its holdings in shares of Broadcom by 12.4% in the third quarter. Tower View Wealth Management LLC now owns 10,323 shares of the semiconductor manufacturer’s stock worth $3,625,000 after acquiring an additional 1,140 shares in the last quarter. Hedeker Wealth LLC increased its holdings in shares of Broadcom by 1.1% in the third quarter. Hedeker Wealth LLC now owns 74,057 shares of the semiconductor manufacturer’s stock worth $26,008,000 after acquiring an additional 832 shares in the last quarter. First Interstate Bank increased its holdings in shares of Broadcom by 21.8% in the third quarter. First Interstate Bank now owns 12,507 shares of the semiconductor manufacturer’s stock worth $4,392,000 after acquiring an additional 2,241 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in shares of Broadcom by 2.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 80,385 shares of the semiconductor manufacturer’s stock worth $28,230,000 after purchasing an additional 1,562 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

AVGO stock opened at $345.00 on Friday. The stock has a 50-day moving average price of $353.57 and a two-hundred day moving average price of $367.09. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The stock has a market cap of $1.65 trillion, a PE ratio of 44.06 and a beta of 1.46. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57.

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

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.65 dividend. 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%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts remain constructive: DA Davidson upgraded Broadcom to “Buy,” while Rosenblatt reaffirmed its Buy rating. The upgrades cite the company’s AI semiconductor momentum and long-term growth outlook. DA Davidson Upgrades Broadcom to Buy
• Positive Sentiment: Broadcom’s custom-chip opportunity continues to expand. One bullish outlook points to projected AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, supported by rising data-center and accelerator demand. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Meta’s planned AI financing and potential investment by major chip suppliers could support additional orders for Broadcom as Meta expands its data-center capacity. Why Meta’s $100 Billion Financing Plan Is a Boon for Broadcom
• Neutral Sentiment: The stock’s pullback from its record high has prompted some investors to view Broadcom as a more attractive entry point, although valuation remains dependent on continued exceptional AI growth. Broadcom: This Is Probably a Good Entry Point
• Negative Sentiment: The $63 billion Anthropic financing arrangement is raising concern about asset and credit risk. A special-purpose vehicle would purchase and lease Broadcom hardware, while Broadcom’s potential backstop exposure could reach roughly $43 billion if financing or asset values deteriorate. Broadcom’s Anthropic Deal and Potential Backstop
• Negative Sentiment: Broader concerns about AI spending are also weighing on sentiment. Rising interest rates, heavy borrowing for data centers and doubts about returns on massive capital expenditures could compress richly valued semiconductor stocks. Why Rising Rates Could Break the Bull Market

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AVGO. Sanford C. Bernstein reiterated a “buy” rating on shares of Broadcom in a report on Monday, September 21st. HSBC decreased their price objective on Broadcom from $600.00 to $560.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Cantor Fitzgerald increased their target price on Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Citic Securities upgraded shares of Broadcom to a “buy” rating and raised their target price for the stock from $450.00 to $525.00 in a report on Tuesday, September 8th. Finally, Wall Street Zen lowered shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $530.52.

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 data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company’s semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.