North Point Portfolio Managers Corp OH Boosts Stake in Broadcom Inc. $AVGO

North Point Portfolio Managers Corp OH increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 24.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,948 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,496 shares during the period. Broadcom makes up 2.1% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 20th biggest position. North Point Portfolio Managers Corp OH’s holdings in Broadcom were worth $11,481,000 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 AVGO. State Street Corp raised its holdings in shares of Broadcom by 8.7% in the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock worth $75,367,711,000 after buying an additional 16,651,378 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Broadcom by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock worth $23,202,543,000 after buying an additional 2,685,916 shares during the period. Wellington Management Group LLP lifted its position in shares of Broadcom by 3.8% during the 2nd quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock worth $19,484,611,000 after buying an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Broadcom by 2.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer’s stock valued at $15,178,195,000 after buying an additional 1,140,598 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in Broadcom in the 2nd quarter valued at $11,998,148,000. Institutional investors own 76.43% of the company’s stock.

Insider Activity

In related news, insider Mark Brazeal sold 25,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $78,254,935.37. This represents a 11.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AVGO shares. Truist Financial dropped their price objective on Broadcom from $550.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Arete Research boosted their target price 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. BMO Capital Markets upped their target price on shares of Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. HSBC lowered their target price on shares of Broadcom from $600.00 to $560.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of Broadcom from $525.00 to $540.00 and gave the company 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $527.20.

Broadcom Price Performance

AVGO stock traded down $1.48 during midday trading on Wednesday, reaching $374.33. 8,405,630 shares of the company’s stock traded hands, compared to its average volume of 25,067,258. The company has a 50-day simple moving average of $372.22 and a two-hundred day simple moving average of $381.78. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The company has a market cap of $1.79 trillion, a price-to-earnings ratio of 47.72 and a beta of 1.46. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

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

Broadcom Announces Dividend

The firm also recently declared 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 dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s payout ratio is currently 33.21%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Large Anthropic financing plan supports AI-growth expectations. Broadcom outlined a potential package involving up to $42 billion in loans and approximately $60 billion in chip leasing to help Anthropic expand its AI infrastructure. The arrangement could secure substantial future chip demand and contributed to a reported 5.8% advance in the stock. Broadcom Is Up 5.8% After Unveiling Massive AI Chip Financing Plan for Anthropic
• Positive Sentiment: Management continues to defend an ambitious AI outlook. CEO Hock Tan reiterated Broadcom’s roughly $350 billion AI-chip opportunity, emphasizing demand for inference-focused systems and relationships with major hyperscalers. Analysts and commentators also highlighted custom accelerator revenue growth of about 221%, with projected AI semiconductor revenue of $58 billion in 2026, $115 billion in 2027 and $230 billion in 2028. Broadcom CEO Holds $350B Outlook Strong
• Positive Sentiment: Investor interest remains strong. Cathie Wood reportedly purchased $13 million of AVGO shares, while traders bought 426,038 call options—about 34% above average—indicating bullish positioning among some investors. Cathie Wood Just Bought $13 Million of Broadcom Stock
• Neutral Sentiment: Competitive commentary reinforces the custom-chip opportunity. Marvell’s aggressive AI revenue targets and investor-day presentation highlighted the expanding market for hyperscaler-specific silicon, indirectly validating Broadcom’s position as a leading design and networking partner. However, the comparison also emphasizes dependence on a small number of large customers. Marvell Technology’s $90 Billion Revenue Goal
• Negative Sentiment: Financing concerns are limiting the market’s response. Investors have questioned whether Broadcom’s Anthropic transactions could represent circular financing or concentrate credit risk. Those concerns help explain why the stock has not consistently been rewarded for earnings beats and rapid AI growth.
• Negative Sentiment: Valuation leaves little room for execution mistakes. With a market capitalization near $1.8 trillion and a price-to-earnings ratio around 48, Broadcom must convert its ambitious AI forecasts into sustained cash flow. Any slowdown in hyperscaler spending, delays in custom-chip deployments or weakness in AI infrastructure demand could pressure the shares.

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.