Broadcom Inc. $AVGO Stock Bought by CoreCap Advisors LLC

CoreCap Advisors LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 3.7% during the third quarter, HoldingsChannel reports. The firm owned 44,219 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,580 shares during the period. CoreCap Advisors LLC’s holdings in Broadcom were worth $15,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Cornerstone Advisors LLC purchased a new stake in shares of Broadcom in the second quarter worth $92,522,000. Bank of America Corp DE boosted its stake in Broadcom by 1.5% during the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after buying an additional 894,564 shares during the period. Clear Harbor Asset Management LLC purchased a new position in Broadcom during the second quarter worth about $3,302,000. Bartlett & CO. Wealth Management LLC grew its position in Broadcom by 129.3% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock worth $34,061,000 after buying an additional 62,050 shares in the last quarter. Finally, Violich Capital Management Inc. increased its stake in Broadcom by 26.1% in the 3rd quarter. Violich Capital Management Inc. now owns 21,791 shares of the semiconductor manufacturer’s stock worth $7,653,000 after acquiring an additional 4,511 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Potential $50 billion-plus OpenAI opportunity: Broadcom is reportedly arranging more than $50 billion in financing for custom AI chips it is developing with OpenAI. Apollo Global Management and Blackstone are among the potential lenders. If completed, the deal could materially expand Broadcom’s AI chip revenue and strengthen its position as a leading custom accelerator supplier. Discussions remain preliminary, and the financing size could change. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: Networking expansion supports the AI thesis: At the 2026 OCP Global Summit, Broadcom highlighted rack-scale networking technologies designed to connect and scale large AI clusters. The products target rising demand for high-bandwidth, energy-efficient and interoperable infrastructure, potentially benefiting Broadcom’s networking semiconductor business. Broadcom AI networking innovations at the 2026 OCP Global Summit
• Positive Sentiment: Analyst and options activity remain supportive: Investors continue to highlight Broadcom’s rapid custom-chip growth, while high-volume call-option purchases indicate that some traders are positioning for further gains. The company’s AI revenue outlook and expected earnings growth remain major bullish arguments. Stock traders buy high volume of Broadcom call options
• Neutral Sentiment: Valuation creates a high bar: Broadcom’s AI growth prospects are substantial, but its elevated earnings multiple and position well below its 52-week high leave investors debating whether future growth is already reflected in the stock.
• Negative Sentiment: Financing structure raises risk concerns: The proposed borrowing would be among the largest AI chip-related funding packages. Critics worry that chips could become obsolete before long-term debt is repaid, while the deal could increase Broadcom’s financial exposure to OpenAI, customer concentration and uncertain AI demand. SpaceX, Broadcom and Oracle seek AI chip debt

Broadcom Price Performance

AVGO stock traded down $16.37 during mid-day trading on Thursday, hitting $360.14. 27,027,224 shares of the stock were exchanged, compared to its average volume of 25,129,047. The business has a fifty day moving average price of $372.35 and a 200 day moving average price of $382.17. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The stock has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 45.99 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company’s revenue was up 85.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.69 EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

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

Insider Activity

In related news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVGO. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Broadcom in a report on Thursday, September 3rd. Weiss Ratings lowered Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. TD Cowen restated a “buy” rating and issued a $475.00 price objective (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. Lake Street Capital raised shares of Broadcom to a “buy” rating in a research note on Thursday, September 3rd. Finally, Erste Group Bank reiterated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $527.20.

Broadcom 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.