Broadcom Inc. $AVGO Shares Bought by One Way Holdings LLC

One Way Holdings LLC raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 17.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 41,669 shares of the semiconductor manufacturer’s stock after buying an additional 6,287 shares during the quarter. One Way Holdings LLC’s holdings in Broadcom were worth $14,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Core Capital Management & Research inc. acquired a new position in Broadcom during the second quarter valued at $31,000. DecisionPoint Financial LLC grew its position in Broadcom by 101.9% during the 3rd quarter. DecisionPoint Financial LLC now owns 105 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 53 shares during the period. Harborfront Financial Group LLC acquired a new stake in Broadcom during the 2nd quarter worth about $38,000. Align Financial LLC grew its position in Broadcom by 67.2% during the 3rd quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer’s stock worth $38,000 after purchasing an additional 45 shares during the period. Finally, Curry Webb Wealth Management LLC purchased a new position in shares of Broadcom during the 3rd quarter valued at about $41,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AVGO has been the subject of several analyst reports. DA Davidson raised Broadcom from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $350.00 to $400.00 in a report on Tuesday, October 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Broadcom in a report on Thursday, September 3rd. Piper Sandler started coverage on Broadcom in a research report on Wednesday, September 9th. They set an “overweight” rating and a $460.00 price target for the company. BMO Capital Markets boosted their price target on Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Finally, Citic Securities upgraded Broadcom to a “buy” rating and upped their price objective for the stock from $450.00 to $525.00 in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $530.52.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI semiconductor revenue reached $16.7 billion last quarter, above its $16 billion target, and management expects higher AI revenue next quarter. That outlook supports the case that demand remains strong despite concerns about competition. Article: Is Broadcom Stock a Buy Now?
• Positive Sentiment: Broadcom was included on Bank of America’s “global defenders” list, while ETFs reportedly added about $267.7 million of AVGO shares on Nov. 2—potential signs of institutional interest. Article: BofA adds TSLA, AVGO, IBM, others to its global defenders list Article: 53 ETFs Add to Broadcom Holdings
• Neutral Sentiment: Some recent commentary sees a possible turning point, arguing that the disconnect between falling shares and fast-growing AI revenue may not persist. This is an analyst view, not a confirmed catalyst. Article: Broadcom Stock Could Be Approaching a Major Turning Point
• Negative Sentiment: The immediate headwind is a broader chip-stock rout, with investors increasingly worried that AI regulation and constraints on data-center development could curb future spending. Coverage also points to a Texas permit freeze as a potential source of uncertainty for AI infrastructure demand. Article: Broadcom Sinks as AI Regulation Fears Deepen Chip Rout Article: Steve Weiss Says the Midterms Just Put a Lid on AI Spending

Broadcom Trading Down 10.4%

AVGO stock opened at $291.53 on Friday. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. 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 firm has a market cap of $1.39 trillion, a P/E ratio of 37.23 and a beta of 1.49. The company’s 50-day simple moving average is $349.45 and its 200-day simple moving average is $366.37.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share 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 analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. Broadcom’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 business earned $1.69 EPS. As a group, equities analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. Broadcom’s payout ratio is 33.21%.

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.