Broadcom Inc. $AVGO Shares Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 36.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 214,690 shares of the semiconductor manufacturer’s stock after purchasing an additional 56,991 shares during the period. Broadcom makes up 1.0% of First Citizens Bank & Trust Co.’s portfolio, making the stock its 19th biggest position. First Citizens Bank & Trust Co.’s holdings in Broadcom were worth $72,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Focus Financial Network Inc. lifted its position in shares of Broadcom by 10.1% during the 3rd quarter. Focus Financial Network Inc. now owns 23,039 shares of the semiconductor manufacturer’s stock worth $7,370,000 after buying an additional 2,119 shares during the period. Roberts Wealth Advisors LLC grew its position in Broadcom by 2.7% in the third quarter. Roberts Wealth Advisors LLC now owns 1,738 shares of the semiconductor manufacturer’s stock valued at $610,000 after acquiring an additional 45 shares during the period. Citrine Capital LLC grew its position in Broadcom by 4.3% in the third quarter. Citrine Capital LLC now owns 2,264 shares of the semiconductor manufacturer’s stock valued at $795,000 after acquiring an additional 94 shares during the period. Liberty Atlantic Advisors LLC bought a new stake in Broadcom in the third quarter valued at $514,000. Finally, XY Planning Network Inc. raised its stake in Broadcom by 3.6% during the third quarter. XY Planning Network Inc. now owns 4,935 shares of the semiconductor manufacturer’s stock worth $1,733,000 after acquiring an additional 171 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AVGO shares. Royal Bank Of Canada began coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set an “outperform” rating for the company. Bank of America reduced their price target on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Cantor Fitzgerald upped their price objective on shares of Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Dbs Bank raised shares of Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. Finally, BNP Paribas Exane raised their price objective on shares of Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $527.20.

Broadcom Trading Up 0.7%

AVGO opened at $357.31 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.71 trillion, a PE ratio of 45.63 and a beta of 1.46. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The firm has a 50-day moving average price of $369.27 and a two-hundred day moving average price of $383.32.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping 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 the consensus estimate of $29.24 billion. During the same period in the previous year, the firm posted $1.69 earnings per share. The company’s revenue was up 85.5% on a year-over-year basis. As a group, equities analysts anticipate that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom’s payout ratio is 33.21%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is preparing to launch an AI networking platform at the OCP Global Summit 2026. The announcement reinforces expectations that the company can benefit from hyperscaler demand for custom AI infrastructure and networking equipment. Broadcom To Launch AI Networking Platform At OCP Global Summit 2026
• Positive Sentiment: Erste Group Bank modestly raised its FY2027 EPS forecast for Broadcom to $17.59 from $17.54. Although the firm maintained a “Hold” rating, the estimate increase signals continued confidence in the company’s earnings growth. Erste Group Bank Raises Broadcom EPS Estimate
• Positive Sentiment: Broadcom introduced VMware HyperArmor, a security product designed to protect the ESX hypervisor within VMware Cloud Foundation. The release could strengthen the company’s infrastructure-software offering and support cross-selling to enterprise customers. Broadcom Introduces VMware HyperArmor
• Neutral Sentiment: CEO Hock Tan cautioned that capital availability, rather than memory-chip supply, may be the largest near-term constraint on AI expansion. His comments highlight demand risks but also underscore the scale of Broadcom’s AI opportunity. Broadcom CEO Identifies Capital Constraints
• Negative Sentiment: Broadcom remains under pressure after retreating sharply from its record high, despite reported AI-chip revenue of $16.7 billion. The decline reflects profit-taking, elevated expectations and investor concern that AI spending may not justify the stock’s premium valuation. Broadcom Stock Down From Peak Despite AI Revenue
• Negative Sentiment: Broader semiconductor-equipment stocks sold off as investors locked in gains from the AI rally, creating a negative read-through for chip-related names, including AVGO. Semiconductor Equipment Stocks Slide

About Broadcom

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.