8,031 Broadcom Inc. $AVGO Shares Acquired by State of Wyoming

State of Wyoming grew its holdings in Broadcom Inc. (NASDAQ:AVGO) by 78.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,284 shares of the semiconductor manufacturer’s stock after buying an additional 8,031 shares during the quarter. Broadcom comprises 0.5% of State of Wyoming’s investment portfolio, making the stock its 11th biggest holding. State of Wyoming’s holdings in Broadcom were worth $6,421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Whelan Financial grew its holdings in shares of Broadcom by 11.2% in the 3rd quarter. Whelan Financial now owns 6,322 shares of the semiconductor manufacturer’s stock worth $2,220,000 after acquiring an additional 637 shares during the period. Raleigh Capital Management Inc. boosted its position in Broadcom by 0.8% during the third quarter. Raleigh Capital Management Inc. now owns 9,723 shares of the semiconductor manufacturer’s stock worth $3,415,000 after purchasing an additional 75 shares in the last quarter. Prosperitas Financial LLC grew its holdings in Broadcom by 273.7% in the third quarter. Prosperitas Financial LLC now owns 13,312 shares of the semiconductor manufacturer’s stock valued at $4,675,000 after purchasing an additional 9,750 shares during the last quarter. Lebenthal Global Advisors LLC grew its holdings in Broadcom by 6.1% in the third quarter. Lebenthal Global Advisors LLC now owns 8,229 shares of the semiconductor manufacturer’s stock valued at $2,890,000 after purchasing an additional 471 shares during the last quarter. Finally, Canopy Partners LLC increased its position in shares of Broadcom by 1.6% in the third quarter. Canopy Partners LLC now owns 11,833 shares of the semiconductor manufacturer’s stock valued at $4,156,000 after buying an additional 183 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVGO has been the subject of several research reports. KeyCorp reaffirmed an “overweight” rating and set a $575.00 price target on shares of Broadcom in a research note on Thursday, September 3rd. Citigroup downgraded shares of Broadcom from a “buy” rating to a “neutral” rating in a report on Tuesday, October 27th. Piper Sandler initiated coverage on shares of Broadcom in a research report on Wednesday, September 9th. They set an “overweight” rating and a $460.00 target price for the company. Royal Bank Of Canada began coverage on shares of Broadcom in a report on Thursday, September 3rd. They issued an “outperform” rating on the stock. Finally, UBS Group lowered shares of Broadcom from a “hold” rating to a “neutral” rating in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and an average target price of $530.52.

Broadcom Stock Up 3.1%

AVGO stock opened at $332.13 on Wednesday. The stock has a market capitalization of $1.59 trillion, a P/E ratio of 42.42 and a beta of 1.49. 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 one year low of $289.96 and a one year high of $495.00. The company has a 50 day moving average price of $351.35 and a two-hundred day moving average price of $366.76.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating 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 firm 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 firm posted $1.69 earnings per share. The business’s quarterly revenue was up 85.5% compared to the same quarter last year. As a group, sell-side analysts expect that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors 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 was Monday, September 21st. Broadcom’s payout ratio is presently 33.21%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom gained alongside other chipmakers as investors continued to favor AI-related stocks. One report says the company’s AI-chip revenue is tripling year over year, reinforcing expectations for continued growth. NVIDIA, AMD and Broadcom stock performance Broadcom’s AI growth outlook
• Positive Sentiment: Investor interest is also reflected in ETF activity: 48 funds bought Broadcom shares on Friday, while 30 sold, for reported net purchases of $183.8 million. ETF purchases of Broadcom shares
• Positive Sentiment: Several investment articles highlight Broadcom’s long-term AI opportunity, including its custom-chip and XPU businesses, and name it among favored technology stocks for the coming years. These are analyst and investor opinions, not new company guidance. Broadcom among top technology stocks AI growth stock picks
• Neutral Sentiment: One bullish investor argues that supply bottlenecks, rather than weak demand, are holding back Broadcom—suggesting demand remains strong but fulfillment constraints may delay revenue. Broadcom supply bottlenecks
• Negative Sentiment: Valuation is a counterpoint: some commentary considers the shares expensive despite the company’s growth prospects. Broadcom’s custom-chip opportunity also depends on customers continuing to develop their own processors, unlike TSMC, which serves multiple chip designers. Broadcom valuation concerns Taiwan Semiconductor versus Broadcom

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.