4,402 Broadcom Inc. $AVGO Shares Purchased by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC grew its position in Broadcom Inc. (NASDAQ:AVGO) by 68.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,846 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,402 shares during the quarter. Broadcom comprises about 2.1% of Collaborative Fund Advisors LLC’s portfolio, making the stock its 6th largest holding. Collaborative Fund Advisors LLC’s holdings in Broadcom were worth $3,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVGO. Bfsg LLC increased its stake in Broadcom by 63.5% during the 3rd quarter. Bfsg LLC now owns 479 shares of the semiconductor manufacturer’s stock worth $168,000 after purchasing an additional 186 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Broadcom by 22.5% during the 3rd quarter. Boston Trust Walden Corp now owns 132,199 shares of the semiconductor manufacturer’s stock worth $46,427,000 after buying an additional 24,251 shares during the period. DeLarme Wealth Management Inc. lifted its stake in Broadcom by 2.0% in the third quarter. DeLarme Wealth Management Inc. now owns 1,567 shares of the semiconductor manufacturer’s stock valued at $550,000 after buying an additional 31 shares in the last quarter. Clear Point Advisors Inc. lifted its stake in Broadcom by 14.4% in the third quarter. Clear Point Advisors Inc. now owns 717 shares of the semiconductor manufacturer’s stock valued at $252,000 after buying an additional 90 shares in the last quarter. Finally, Northeast Investment Management lifted its stake in Broadcom by 0.7% in the third quarter. Northeast Investment Management now owns 6,178 shares of the semiconductor manufacturer’s stock valued at $2,170,000 after buying an additional 40 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Bank of America dropped their price objective on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $505.00 price objective (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. Cantor Fitzgerald upped their target price on shares of Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $600.00 target price on shares of Broadcom in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Broadcom has an average rating of “Moderate Buy” and an average price target of $530.52.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI semiconductor revenue is surging, and management sees significant growth potential over the next several years. One analysis argues that the market may not yet reflect that opportunity; another estimates the shares could be undervalued. Prediction: November Will Be a Huge Month for Broadcom Broadcom Stock Could Be 37% Undervalued
• Neutral Sentiment: Some coverage frames the recent pullback as a potential turning point, with a widening gap between AI business growth and the share-price trend. Whether fundamentals prompt a recovery remains uncertain. Broadcom Stock Could Be Approaching a Major Turning Point
• Negative Sentiment: Near-term risks include the broad AI-chip selloff and worries that higher interest rates could curb AI spending. Potential limits on new data-center permits in some states add uncertainty about future infrastructure buildouts. Broadcom’s AI Revenue Is Exploding. Here’s What Investors Should Watch Next. Broadcom Drops Amid Broad Chip Selloff
• Negative Sentiment: Investor positioning has also weighed on sentiment: ARK sold a large Broadcom holding during the selloff while buying Nvidia. Broadcom is still down sharply over the past month, despite the recent lift. ARK Buys Nvidia and Sells Broadcom Broadcom Is Still Down 22% in the Past Month

Broadcom Price Performance

Shares of AVGO opened at $293.69 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a twelve month low of $289.77 and a twelve month high of $495.00. The stock has a market capitalization of $1.40 trillion, a P/E ratio of 37.51 and a beta of 1.49. The company has a 50 day moving average of $347.89 and a 200-day moving average of $366.17.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS 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 business had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the previous year, the firm posted $1.69 earnings per share. The firm’s revenue for the quarter was up 85.5% on a year-over-year basis. As a group, equities research analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal 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 dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.9%. Broadcom’s payout ratio is 33.21%.

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.