Broadcom Inc. $AVGO Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,241,456 shares of the semiconductor manufacturer’s stock after selling 2,235 shares during the period. Broadcom comprises approximately 1.2% of Nisa Investment Advisors LLC’s portfolio, making the stock its 7th biggest holding. Nisa Investment Advisors LLC’s holdings in Broadcom were worth $435,987,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Integrated Advisors Network LLC boosted its stake in shares of Broadcom by 5.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 61,472 shares of the semiconductor manufacturer’s stock valued at $21,588,000 after purchasing an additional 2,933 shares in the last quarter. Harfst & Associates Inc. grew its holdings in shares of Broadcom by 10.6% during the 3rd quarter. Harfst & Associates Inc. now owns 6,126 shares of the semiconductor manufacturer’s stock valued at $2,151,000 after purchasing an additional 589 shares during the last quarter. Oregon Pacific Wealth Management LLC purchased a new position in Broadcom in the 3rd quarter worth $259,000. Zullo Investment Group Inc. raised its position in Broadcom by 0.4% in the 3rd quarter. Zullo Investment Group Inc. now owns 6,949 shares of the semiconductor manufacturer’s stock worth $2,441,000 after purchasing an additional 30 shares during the period. Finally, Diversify Advisory Services LLC raised its position in Broadcom by 159.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 228,120 shares of the semiconductor manufacturer’s stock worth $78,549,000 after purchasing an additional 609,762 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVGO has been the subject of several recent research reports. Weiss Ratings raised shares of Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Bank of America reduced their price objective on Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Lake Street Capital raised Broadcom to a “buy” rating in a research note on Thursday, September 3rd. BNP Paribas Exane lifted their price objective on Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Finally, Erste Group Bank reissued a “hold” rating on shares of Broadcom in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Broadcom has an average rating of “Moderate Buy” and a consensus target price of $529.17.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: ETF investors bought approximately $89.8 million of Broadcom shares on October 21, signaling continued institutional demand. Broadcom Sees $89.8 Million in Net ETF Buying
• Positive Sentiment: Analysts continue to highlight Broadcom’s leadership in custom AI accelerators. Demand from major AI labs and hyperscalers, including Anthropic, OpenAI and Meta, supports management’s ambitious long-term AI semiconductor growth outlook. 3 Magnificent AI Chip Stocks
• Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $600 price target, implying substantial upside from recent trading levels. Tigress Financial Broadcom Coverage
• Positive Sentiment: Broadcom launched Arcot Scam Defense, a real-time fraud-detection feature for digital payments. Strong initial pilot results could create incremental growth for its software and security businesses. Broadcom Debuts Arcot Scam Defense
• Neutral Sentiment: Broadcom remains the leading custom-chip design partner, but Alphabet is diversifying its TPU suppliers. Although Broadcom may lose market share, the overall AI accelerator market is expected to expand rapidly, potentially offsetting that loss. Broadcom AI Chip Business Risks
• Negative Sentiment: Investors are worried that customer-owned chip design and increased competition from MediaTek could reduce Broadcom’s role and margins in future AI programs. Alphabet’s supplier diversification is the clearest near-term risk. Broadcom AI Chip Business Risks
• Negative Sentiment: The broader market sell-off is weighing on AI stocks amid higher oil prices, inflation concerns and questions about whether massive data-center investments will generate sufficient returns. Technical commentary identifies the $320 area as an important support test. Broadcom Faces Critical $320 Test

Broadcom Stock Down 0.5%

Shares of Broadcom stock opened at $321.68 on Friday. 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 Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. The company’s 50 day moving average price is $356.05 and its 200-day moving average price is $384.25. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 41.08 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last posted 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. 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 analyst estimates of $29.24 billion. During the same period in the prior year, the business posted $1.69 EPS. The firm’s revenue was up 85.5% compared to the same quarter last year. Equities research analysts forecast that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued 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 33.21%.

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 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.