Broadcom Inc. $AVGO Stock Bought by Prosperitas Financial LLC

Prosperitas Financial LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 273.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,312 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,750 shares during the quarter. Prosperitas Financial LLC’s holdings in Broadcom were worth $4,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Core Capital Management & Research inc. bought a new position in shares of Broadcom during the 2nd quarter worth $31,000. DecisionPoint Financial LLC increased its stake in shares of Broadcom by 101.9% during the third quarter. DecisionPoint Financial LLC now owns 105 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 53 shares during the period. Harborfront Financial Group LLC purchased a new position in shares of Broadcom during the second quarter valued at $38,000. Align Financial LLC raised its holdings in shares of Broadcom by 67.2% in the third quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. Finally, Curry Webb Wealth Management LLC bought a new stake in shares of Broadcom in the third quarter valued at about $41,000. 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 a number of research reports. Fox Advisors raised shares of Broadcom to an “outperform” rating in a research note on Thursday, September 3rd. Raymond James Financial reissued an “outperform” rating and set a $475.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, September 3rd. Evercore set a $578.00 price target on shares of Broadcom and gave the company an “outperform” rating in a report on Thursday, September 3rd. KeyCorp reaffirmed an “overweight” rating and issued a $575.00 price target on shares of Broadcom in a research report on Thursday, September 3rd. Finally, Wedbush began coverage on shares of Broadcom in a research note on Tuesday, October 27th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $530.52.

Broadcom Trading Up 3.1%

AVGO opened at $332.13 on Wednesday. The firm has a market cap of $1.59 trillion, a price-to-earnings ratio of 42.42 and a beta of 1.49. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The stock has a fifty day moving average price of $351.35 and a 200-day moving average price of $366.76.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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 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 analysts’ expectations of $29.24 billion. During the same period in the prior year, the business posted $1.69 EPS. The firm’s quarterly revenue was up 85.5% on a year-over-year basis. As a group, equities research analysts anticipate that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom’s payout ratio is currently 33.21%.

Key Headlines Impacting 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

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 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.