25,969 Shares in Broadcom Inc. $AVGO Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,969 shares of the semiconductor manufacturer’s stock, valued at approximately $9,129,000. Broadcom makes up 1.2% of Sanders Morris Harris LLC’s portfolio, making the stock its 21st largest position.

Several other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in Broadcom by 8.7% during the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock worth $75,367,711,000 after purchasing an additional 16,651,378 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Broadcom by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock valued at $23,202,543,000 after purchasing an additional 2,685,916 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Broadcom by 3.8% in the 2nd quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock valued at $19,484,611,000 after purchasing an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Broadcom by 2.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer’s stock valued at $15,178,195,000 after purchasing an additional 1,140,598 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Broadcom in the 2nd quarter valued at $11,998,148,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO stock opened at $346.25 on Thursday. The business’s 50-day moving average price is $367.83 and its 200-day moving average price is $383.58. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The firm has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 44.22 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 released its quarterly 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 return on equity of 48.33% and a net margin of 42.94%. The company had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the previous year, the business posted $1.69 earnings per share. The business’s quarterly 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is currently 33.21%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom AI accelerator business remains a major growth driver. The company is reportedly booking orders well into 2028 as large technology customers shift toward internally designed chips, potentially benefiting Broadcom as AI spending expands beyond Nvidia. One Stock Could Benefit as AI Spending Moves Beyond Nvidia
• Positive Sentiment: Analysts continue to raise expectations: Erste Group lifted its fiscal 2027 EPS forecast to $17.59 from $17.54, while other coverage highlights Broadcom’s strong free cash flow, high-margin semiconductor and infrastructure-software businesses, and substantial AI-chip revenue.
• Positive Sentiment: Broadcom is preparing to launch an AI networking platform at the OCP Global Summit, supporting the view that its opportunity extends beyond accelerators into the networking infrastructure needed for AI data centers. Broadcom To Launch AI Networking Platform
• Positive Sentiment: The introduction of VMware HyperArmor adds a new security product for VMware Cloud Foundation and could strengthen Broadcom’s infrastructure-software portfolio. Broadcom Introduces VMware HyperArmor
• Neutral Sentiment: Several analyses describe a disconnect between Broadcom’s rapidly growing revenue and weaker stock performance. The company is viewed as a potentially steadier long-term AI investment than more concentrated semiconductor peers, but investors remain divided over whether current growth is sufficiently reflected in its valuation.
• Negative Sentiment: CEO Hock Tan warned that AI investment has a “casino” element and faces a capital hurdle. Those comments have heightened concerns that data-center customers could eventually slow spending or struggle to earn adequate returns, even as Broadcom raises AI expectations.
• Negative Sentiment: Reports discussing a possible $50 billion debt deal have raised questions about leverage and financing risk. Meanwhile, AVGO remains well below its 52-week high and below its 50-day and 200-day moving averages, indicating continuing technical pressure and investor profit-taking.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AVGO. Morgan Stanley reissued an “overweight” rating and set a $505.00 price target (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Truist Financial reduced their price objective on Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. HSBC reduced their price objective on Broadcom from $600.00 to $560.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Citic Securities upgraded Broadcom to a “buy” rating and lifted their target price for the company from $450.00 to $525.00 in a research report on Tuesday, September 8th. Finally, Weiss Ratings raised Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and a consensus 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.