Broadcom Inc. $AVGO Stock Bought by Ethic Inc.

Ethic Inc. increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 24.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 500,945 shares of the semiconductor manufacturer’s stock after purchasing an additional 97,073 shares during the period. Broadcom comprises about 2.0% of Ethic Inc.’s portfolio, making the stock its 8th largest holding. Ethic Inc.’s holdings in Broadcom were worth $175,927,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AVGO. Core Capital Management & Research inc. purchased a new stake in shares of Broadcom during the 2nd quarter valued at about $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 purchased a new position in shares of 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 bought a new position in Broadcom during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Anthropic’s S-1 filing reportedly shows surging revenue and $131.8 billion in cash, strengthening confidence in its ability to support a large commitment to Broadcom. Broadcom’s connection to a $26 billion Anthropic placement also underscores its role in the AI supply chain. Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
• Positive Sentiment: Google’s projected $135 billion chip spending could benefit Broadcom’s custom-chip business, as large technology companies look beyond GPUs to develop their own AI processors. The Real Winner of Google’s $135 Billion Chip Forecast: Broadcom
• Positive Sentiment: Analysts point to Broadcom’s history of earnings surprises and factors they believe could support another quarterly beat. The next results are scheduled for December 9, making the report a near-term test of AI demand and investor expectations. Will Broadcom Beat Estimates Again?
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation’s Sandbox and is working on Kubernetes workload standards. This may strengthen VMware’s ecosystem and partner support, though the near-term financial impact is uncertain. Broadcom Contributes VM API Open Source Project to CNCF
• Negative Sentiment: Despite the rebound, investor concerns persist over margin pressure and a reported $63 billion financing structure. Broader worries about data-center investment, AI regulation and higher interest rates could also weigh on sentiment toward semiconductor stocks. Broadcom’s Margin and Financing Concerns

Broadcom Price Performance

NASDAQ AVGO opened at $331.98 on Wednesday. Broadcom Inc. has a 52 week low of $289.77 and a 52 week high of $495.00. The firm has a market capitalization of $1.58 trillion, a P/E ratio of 42.40 and a beta of 1.49. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $346.14 and a 200-day moving average price of $366.16.

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 the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion for 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 business’s quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 EPS. Equities research 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. Shareholders of record on Monday, September 21st were given a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

Analyst Ratings Changes

Several brokerages recently issued reports on AVGO. Wedbush assumed coverage on shares of Broadcom in a report on Tuesday, October 27th. They issued an “outperform” rating on the stock. Jefferies Financial Group started coverage on shares of Broadcom in a research note on Thursday, September 3rd. They set a “buy” rating and a $550.00 target price for the company. Morgan Stanley reissued an “overweight” rating and set a $505.00 price target (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Tigress Financial assumed coverage on Broadcom in a research note on Thursday, October 22nd. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Raymond James Financial restated an “outperform” rating and issued a $475.00 price target (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $530.52.

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.