Broadcom Inc. $AVGO Stock: Ridgecrest Wealth Partners LLC Reduces Stake

Ridgecrest Wealth Partners LLC decreased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 70.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,277 shares of the semiconductor manufacturer’s stock after selling 7,962 shares during the quarter. Ridgecrest Wealth Partners LLC’s holdings in Broadcom were worth $1,151,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in Broadcom during the second quarter worth about $11,998,148,000. Bank of New York Mellon Corp acquired a new position in Broadcom in the 2nd quarter valued at approximately $10,528,191,000. Jupiter Topco LLC acquired a new position in Broadcom in the 2nd quarter valued at approximately $7,396,271,000. State Street Corp raised its holdings in Broadcom by 8.7% in 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 acquiring an additional 16,651,378 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $5,661,216,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of Broadcom stock opened at $337.80 on Thursday. The firm has a market cap of $1.61 trillion, a P/E ratio of 43.14 and a beta of 1.46. The firm’s 50-day simple moving average is $359.37 and its 200-day simple moving average is $384.63. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 earnings per share. As a group, research analysts expect that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed 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 payout ratio is presently 33.21%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom launched Arcot Scam Defense, a feature designed to help financial institutions block AI-enhanced social-engineering fraud in card-not-present transactions. The product could strengthen Broadcom’s infrastructure-software portfolio and create additional enterprise demand. Broadcom Launches Arcot Scam Defense to Block Social Engineering Fraud
• Positive Sentiment: Broadcom’s 10-year agreement with NTT DOCOMO to advance the telecommunications company’s private cloud using VMware Cloud Foundation reinforces the durability of its recurring software revenue and enterprise-cloud strategy. Broadcom to Advance NTT DOCOMO’s Private Cloud with VMware Cloud Foundation
• Positive Sentiment: Several analyses continue to highlight Broadcom as a leading beneficiary of custom AI-chip and networking demand. One report cited a 236% increase in AI-chip sales, while investors view its combination of custom silicon, AI networking and infrastructure software as a potential alternative to Nvidia. Broadcom Sees AI Chip Sales Up 236%
• Neutral Sentiment: Commentary comparing Broadcom with Apple and other semiconductor stocks presents AVGO as a long-term AI and infrastructure-software opportunity, but emphasizes that the investment case depends on sustained customer spending and execution. Apple vs. Broadcom: Which Tech Stock Is a Better Buy in 2026?
• Negative Sentiment: Semiconductor shares have pulled back amid interest-rate concerns, worries that AI infrastructure spending may be excessive, and broader warnings of a possible AI-stock bubble. Broadcom CEO Hock Tan’s comments comparing AI spending with a “casino” and warning about capital constraints have also unsettled some investors. Chip Stocks Have Pulled Back

Analysts Set New Price Targets

A number of analysts have commented on the company. KeyCorp reiterated an “overweight” rating and issued a $575.00 price objective on shares of Broadcom in a research report on Thursday, September 3rd. BMO Capital Markets boosted their price objective on Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. TD Cowen restated a “buy” rating and issued a $475.00 target price (down from $500.00) on shares of Broadcom in a research note on Thursday, September 3rd. Lake Street Capital upgraded Broadcom to a “buy” rating in a research note on Thursday, September 3rd. Finally, DA Davidson set a $350.00 target price on Broadcom and gave the stock a “neutral” rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $527.20.

Broadcom Profile

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.