Broadcom Inc. $AVGO Stock: Parallel Advisors LLC Raises Stake

Parallel Advisors LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,483 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,851 shares during the quarter. Parallel Advisors LLC’s holdings in Broadcom were worth $40,557,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Core Capital Management & Research inc. bought a new stake in shares of Broadcom in the second quarter worth approximately $31,000. DecisionPoint Financial LLC raised its holdings 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 purchasing an additional 53 shares during the last quarter. Harborfront Financial Group LLC bought a new position in Broadcom during the second quarter valued at approximately $38,000. Align Financial LLC lifted its position in Broadcom by 67.2% during the third quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 45 shares during the period. Finally, Curry Webb Wealth Management LLC purchased a new stake in Broadcom in the third quarter worth approximately $41,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AVGO. President Capital lifted their target price on shares of Broadcom from $520.00 to $546.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Royal Bank Of Canada started coverage on Broadcom in a report on Thursday, September 3rd. They set an “outperform” rating on the stock. KeyCorp restated an “overweight” rating and issued a $575.00 price target on shares of Broadcom in a research note on Thursday, September 3rd. Bank of America cut their price objective on Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Finally, Cantor Fitzgerald lifted their price objective on Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $530.52.

Broadcom Stock Performance

AVGO opened at $319.48 on Tuesday. The company’s 50 day moving average is $346.90 and its 200 day moving average is $366.13. 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 company has a market cap of $1.53 trillion, a price-to-earnings ratio of 40.80 and a beta of 1.49. Broadcom Inc. has a 12-month low of $289.77 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm’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 earnings per share. On average, equities research analysts predict that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

The business 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. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio is 33.21%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: A broader recovery in AI and chip shares helped lift Broadcom after concerns about data-center expansion and AI regulation contributed to the recent sell-off. Falling oil prices also supported the wider market. Why is Broadcom stock surging?
• Positive Sentiment: Coverage of Google’s large chip-spending forecast renewed focus on Broadcom’s role in custom AI chips. Broadcom is developing custom processors that could help Google and OpenAI meet AI-computing needs beyond reliance on GPUs. The Real Winner of Google’s Chip Forecast: Broadcom
• Positive Sentiment: Several investment articles argued that Broadcom’s AI and custom-chip prospects could support substantial upside, despite its recent share-price weakness. These are bullish opinions, not company guidance. Broadcom: Despite Two Fearful Narratives, Big Healthy Upside
• Neutral Sentiment: Broadcom said it will report fourth-quarter and fiscal 2026 results after the market closes on December 9. The date sets a potential upcoming catalyst but provides no new financial results. Broadcom earnings announcement
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation Sandbox, an open-source ecosystem development that may support its software presence but is not an immediate earnings catalyst. Broadcom contributes VM API project to CNCF
• Negative Sentiment: Risks remain: articles cited margin pressure and a sizable financing structure as concerns, while debate over data-center permitting, policy and AI infrastructure debt could weigh on the chip trade. That makes the recent recovery vulnerable if investor concerns return. Broadcom analyst outlook and risks

Broadcom Company Profile

Broadcom Inc is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics.

Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.