Ferguson Wellman Capital Management Inc. Buys 529,546 Shares of Broadcom Inc. $AVGO

Ferguson Wellman Capital Management Inc. lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 74.9% during the 3rd quarter, Holdings Channel reports. The firm owned 1,237,010 shares of the semiconductor manufacturer’s stock after acquiring an additional 529,546 shares during the period. Broadcom makes up 5.1% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 4th biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Broadcom were worth $434,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AVGO. Fullerton Advisors LLC grew its position in shares of Broadcom by 1.3% during the 1st quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer’s stock worth $616,000 after buying an additional 25 shares during the period. NORTHSTAR ASSET MANAGEMENT Co boosted its stake in Broadcom by 0.5% during the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer’s stock worth $1,656,000 after acquiring an additional 25 shares during the last quarter. RFG Holdings Inc. grew its holdings in Broadcom by 0.3% during the first quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer’s stock valued at $2,631,000 after purchasing an additional 26 shares during the period. Yukon Wealth Management Inc. grew its holdings in Broadcom by 1.1% during the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock valued at $774,000 after purchasing an additional 26 shares during the period. Finally, NerdWallet Wealth Partners LLC increased its stake in Broadcom by 2.6% in the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer’s stock valued at $399,000 after purchasing an additional 27 shares in the last quarter. 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: Anthropic financing supports demand visibility: Broadcom reportedly agreed to provide up to $42 billion in financing tied to Anthropic’s purchase of Broadcom chips. The arrangement could secure a major customer and support long-term AI-chip revenue, helping explain the stock’s rally. Broadcom Stock Jumps Following Reported $42 Billion Financing Deal With Anthropic
• Positive Sentiment: AI growth remains exceptionally strong: Broadcom generated $16.7 billion in AI semiconductor sales in fiscal third-quarter 2026, up 221% year over year, and expects $21.7 billion in fiscal fourth-quarter AI revenue. Analysts and commentators see additional upside if AI infrastructure spending continues into 2027 and 2028. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Positive Sentiment: Strategic positioning is favorable: Morgan Stanley said Broadcom and Nvidia may be relatively shielded from an AI-related power crunch affecting the broader chip supply chain. Broadcom’s custom-chip and networking exposure may also benefit as data centers seek alternatives to relying solely on GPUs. Nvidia, Broadcom Shielded as AI Power Crunch Hits Chip Supply Chain
• Neutral Sentiment: Relative valuation is a debate: Broadcom’s earnings and revenue growth have substantially outpaced its share-price performance, but the stock trades above its historical average valuation multiple. Investors will likely look to the next earnings report for evidence that rapid AI growth can justify the premium.
• Negative Sentiment: Anthropic deal raises financing and concentration concerns: Because Broadcom may be lending money to a customer that will use the funds to buy its products, critics describe the arrangement as potentially circular financing. Increasing reliance on a small number of large AI customers could also weaken Broadcom’s bargaining power and create repayment risk. Broadcom’s Massive $42 Billion Chip-Buying Deal with Anthropic Raises Circular Financing Worries

Broadcom Stock Performance

NASDAQ AVGO traded up $7.83 on Monday, hitting $362.97. 9,200,731 shares of the stock were exchanged, compared to its average volume of 25,058,732. The company has a market capitalization of $1.73 trillion, a PE ratio of 46.36 and a beta of 1.46. 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 business’s fifty day moving average is $372.74 and its 200 day moving average is $381.07. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the prior year, the firm earned $1.69 EPS. Broadcom’s quarterly revenue was up 85.5% compared to the same quarter last year. Research analysts anticipate that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Arete Research lifted their price target on shares of Broadcom from $488.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. TD Cowen restated a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Erste Group Bank reaffirmed a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Broadcom in a report on Thursday, September 3rd. Finally, President Capital lifted their price target on Broadcom from $520.00 to $546.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. One 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $527.20.

Insider Activity at Broadcom

In related news, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director owned 31,326 shares in the company, valued at approximately $12,072,413.88. This trade represents a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 51,890 shares of company stock worth $20,241,368 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

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.