2,782 Broadcom Inc. $AVGO Shares Purchased by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 18.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,240 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,782 shares during the period. Broadcom accounts for about 1.5% of Colton Groome Financial Advisors LLC’s holdings, making the stock its 14th biggest position. Colton Groome Financial Advisors LLC’s holdings in Broadcom were worth $6,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AVGO. Cornerstone Advisors LLC purchased a new stake in shares of Broadcom in the second quarter worth $92,522,000. Bank of America Corp DE increased its stake in Broadcom by 1.5% in the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock worth $18,179,719,000 after acquiring an additional 894,564 shares during the last quarter. Clear Harbor Asset Management LLC bought a new position in Broadcom in the 2nd quarter worth about $3,302,000. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Broadcom by 129.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock valued at $34,061,000 after acquiring an additional 62,050 shares in the last quarter. Finally, Violich Capital Management Inc. boosted its position in shares of Broadcom by 26.1% during the 3rd quarter. Violich Capital Management Inc. now owns 21,791 shares of the semiconductor manufacturer’s stock valued at $7,653,000 after acquiring an additional 4,511 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AVGO shares. Arete Research upped their price objective on shares of Broadcom from $488.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada initiated coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued an “outperform” rating for the company. President Capital increased their price target on shares of Broadcom from $520.00 to $546.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. restated a “buy” rating on shares of Broadcom in a research report on Thursday, September 3rd. Finally, Citigroup reaffirmed a “buy” rating and set a $515.00 price objective (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and a consensus target price of $527.20.

Insider Transactions at Broadcom

In other news, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was 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 of the company’s stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Brazeal sold 25,000 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the sale, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,890 shares of company stock worth $20,241,368 over the last ninety days. Insiders own 1.90% of the company’s stock.

Broadcom Price Performance

NASDAQ AVGO traded up $14.54 on Tuesday, reaching $377.05. 16,158,093 shares of the company’s stock traded hands, compared to its average volume of 25,075,816. The stock has a market cap of $1.80 trillion, a PE ratio of 48.25 and a beta of 1.46. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The stock has a 50-day simple moving average of $372.33 and a 200 day simple moving average of $381.36. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29.

Broadcom (NASDAQ:AVGO) last announced 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 net margin of 42.94% and a return on equity of 48.33%. The firm had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period in the previous year, the business posted $1.69 EPS. The business’s quarterly revenue was up 85.5% on a year-over-year basis. As a group, research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

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 dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio is presently 33.21%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Marvell Technology’s investor day highlighted strong demand for custom AI accelerators, reinforcing Broadcom’s position as a key design partner for hyperscale cloud companies. The read-through helped lift sentiment toward Broadcom’s custom-chip and networking businesses. Marvell Rallies 6% as Investor Day Presses the Custom AI Silicon Case; Broadcom Advances 4%
• Positive Sentiment: A reported financing arrangement involving Anthropic and up to $42 billion of Broadcom chips could create a substantial future order pipeline. Anthropic’s potential capital raise or IPO could also give the AI company more funds to purchase computing infrastructure. Broadcom Stock Jumps Following Reported $42 Billion Financing Deal With Anthropic
• Positive Sentiment: Morgan Stanley said Broadcom and Nvidia may be relatively protected from a projected U.S. data-center power shortfall, supporting the view that near-term electricity constraints may delay some AI projects without materially undermining demand for their chips and infrastructure. Nvidia, Broadcom May Be Surprisingly Safe From a 32-GW Hole in the AI Boom
• Positive Sentiment: Recent coverage continues to emphasize exceptional AI growth: fiscal third-quarter AI semiconductor revenue reportedly reached $16.7 billion, up 221% year over year, with fourth-quarter guidance of $21.7 billion. That momentum supports expectations for continued earnings growth into the next report. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Neutral Sentiment: Articles comparing Broadcom with Nvidia frame AVGO as a different AI investment: custom accelerators, networking and infrastructure software rather than a broad GPU platform. The comparison may attract investors seeking diversified exposure to AI spending, but does not represent a new company announcement. Nvidia vs. Broadcom: Which AI Chip Stock Is the Better Buy Now?
• Negative Sentiment: The Anthropic transaction has raised concerns about circular financing because Broadcom may be providing funding to a customer that then uses the money to buy Broadcom products. Such arrangements could increase execution and customer-concentration risks, particularly while AVGO trades at a premium earnings multiple. Broadcom’s Massive $42 Billion Chip-Buying Deal with Anthropic Raises Circular Financing Worries

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.