Broadcom Inc. $AVGO Holdings Trimmed by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC cut its stake in Broadcom Inc. (NASDAQ:AVGO) by 6.2% in the third quarter, HoldingsChannel reports. The fund owned 29,855 shares of the semiconductor manufacturer’s stock after selling 1,986 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Broadcom were worth $10,485,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Core Capital Management & Research inc. bought a new position in Broadcom in the 2nd quarter valued at $31,000. DecisionPoint Financial LLC increased its stake in shares of Broadcom by 101.9% in the 3rd quarter. DecisionPoint Financial LLC now owns 105 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 53 shares during the period. Harborfront Financial Group LLC acquired a new stake in shares of Broadcom in the 2nd quarter valued at $38,000. Align Financial LLC raised its position in shares of Broadcom by 67.2% during the third quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 45 shares during the last quarter. Finally, Curry Webb Wealth Management LLC bought a new stake in shares of Broadcom during the third quarter worth $41,000. 76.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on AVGO. The Goldman Sachs Group raised their price target on Broadcom from $525.00 to $540.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Lake Street Capital upgraded shares of Broadcom to a “buy” rating in a report on Thursday, September 3rd. Jefferies Financial Group assumed coverage on shares of Broadcom in a research report on Thursday, September 3rd. They issued a “buy” rating and a $550.00 price target on the stock. Wedbush started coverage on Broadcom in a report on Tuesday, October 27th. They set an “outperform” rating on the stock. Finally, UBS Group cut shares of Broadcom from a “hold” rating to a “neutral” rating in a report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has an average rating of “Moderate Buy” and an average target price of $530.52.

Broadcom News Summary

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 Stock Performance

Shares of AVGO stock opened at $331.98 on Wednesday. Broadcom Inc. has a 12 month low of $289.77 and a 12 month high of $495.00. The company’s fifty day simple moving average is $346.14 and its 200-day simple moving average is $366.16. The firm has a market cap of $1.58 trillion, a PE 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.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter last year, the firm earned $1.69 earnings per share. The firm’s revenue for the quarter was up 85.5% compared to the same quarter last year. Equities research analysts expect that Broadcom Inc. will post 10.37 EPS for the current fiscal 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 issued a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

About Broadcom

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.