Broadcom Inc. $AVGO Stock Holdings Boosted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 79,944 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,294 shares during the quarter. Broadcom makes up about 1.4% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 14th biggest position. Turtle Creek Wealth Advisors LLC’s holdings in Broadcom were worth $28,075,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AVGO. WealthPlan Investment Management LLC raised its holdings in shares of Broadcom by 18.3% during the third quarter. WealthPlan Investment Management LLC now owns 42,367 shares of the semiconductor manufacturer’s stock valued at $14,879,000 after acquiring an additional 6,549 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of Broadcom by 9.5% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,880 shares of the semiconductor manufacturer’s stock valued at $3,470,000 after acquiring an additional 860 shares in the last quarter. Nvwm LLC lifted its position in shares of Broadcom by 1.1% in the 3rd quarter. Nvwm LLC now owns 21,979 shares of the semiconductor manufacturer’s stock valued at $7,694,000 after acquiring an additional 236 shares in the last quarter. Viking Fund Management LLC lifted its position in shares of Broadcom by 7.8% in the 3rd quarter. Viking Fund Management LLC now owns 118,000 shares of the semiconductor manufacturer’s stock valued at $41,440,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Kellett Wealth Advisors LLC boosted its stake in Broadcom by 1.9% in the 3rd quarter. Kellett Wealth Advisors LLC now owns 4,655 shares of the semiconductor manufacturer’s stock worth $1,635,000 after purchasing an additional 88 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

Broadcom Price Performance

NASDAQ AVGO opened at $344.33 on Friday. The company has a 50 day simple moving average of $366.31 and a 200-day simple moving average of $383.89. 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 firm has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 43.98 and a beta of 1.46. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS 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 business had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period last year, the company posted $1.69 earnings per share. The firm’s quarterly revenue was up 85.5% compared to the same quarter last year. Equities research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research analyst reports. HSBC lowered their price objective on shares of Broadcom from $600.00 to $560.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Erste Group Bank restated a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. Bank of America reduced their target price on Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Rosenblatt Securities began coverage on Broadcom in a research report on Thursday, September 3rd. They issued a “buy” rating and a $600.00 target price for the company. Finally, BMO Capital Markets lifted their price target on Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating 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 issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $527.20.

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.