61,860 Broadcom Inc. $AVGO Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP increased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 123.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,892 shares of the semiconductor manufacturer’s stock after purchasing an additional 61,860 shares during the period. Artemis Investment Management LLP’s holdings in Broadcom were worth $39,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Networth Advisors LLC boosted its position in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Core Capital Management & Research inc. purchased a new stake in shares of Broadcom in the second quarter valued at $31,000. Harborfront Financial Group LLC acquired a new stake in shares of Broadcom in the second quarter worth $38,000. Coppell Advisory Solutions LLC purchased a new position in shares of Broadcom during the second quarter valued at $60,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Broadcom during the second quarter valued at $64,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Down 3.4%

NASDAQ AVGO traded down $12.93 during trading on Thursday, hitting $363.58. 10,287,193 shares of the company traded hands, compared to its average volume of 25,032,932. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The business has a fifty day simple moving average of $372.35 and a 200 day simple moving average of $382.17. The company has a market capitalization of $1.74 trillion, a P/E ratio of 46.43 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 (EPS) 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 during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the company posted $1.69 EPS. The firm’s revenue was up 85.5% on a year-over-year basis. As a group, sell-side analysts predict that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Insider Activity at Broadcom

In other news, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the sale, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly seeking more than $50 billion from lenders including Apollo Global Management and Blackstone to finance custom AI chips being developed with OpenAI. The effort signals potentially enormous demand for Broadcom’s custom accelerators and could support long-term AI revenue growth. Discussions remain preliminary, however, and the final financing amount may change. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: Investors continue to highlight Broadcom’s rapid custom-chip and networking opportunity as hyperscalers expand AI infrastructure. Analysts cited in recent coverage expect substantial earnings growth, while elevated call-option activity indicates strong speculative interest in the shares. Broadcom AI revenue growth and custom chips
• Neutral Sentiment: CEO Hock Tan continues to defend Broadcom’s approximately $350 billion AI-chip outlook, emphasizing demand from inference-focused customers. The forecast supports the bullish long-term narrative but requires sustained spending by a small group of large technology customers. Broadcom CEO defends AI outlook
• Negative Sentiment: The proposed debt-funded chip purchases have raised concerns about leverage, “circular” financing and the risk of financing chips with loans that could outlast their useful lives. Because the arrangement is tied to OpenAI demand and remains unfinalized, investors may be discounting execution, credit and customer-concentration risks. AI chip debt financing risks
• Negative Sentiment: Broadcom’s valuation remains demanding after its strong AI rally, leaving less room for disappointment. Investors are questioning whether projected AI growth is already reflected in the stock, particularly as competing chip and networking companies pursue the same hyperscaler spending. Broadcom AI growth and valuation

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BNP Paribas Exane raised their price objective on Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. HSBC dropped their price objective on shares of Broadcom from $600.00 to $560.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Cantor Fitzgerald increased their target price on shares of Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Fox Advisors raised shares of Broadcom to an “outperform” rating in a research note on Thursday, September 3rd. Finally, Lake Street Capital upgraded Broadcom to a “buy” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Broadcom presently 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.