Broadcom Inc. $AVGO Position Decreased by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. cut its stake in Broadcom Inc. (NASDAQ:AVGO) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,614 shares of the semiconductor manufacturer’s stock after selling 9,595 shares during the period. Broadcom makes up about 4.3% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 4th largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in Broadcom were worth $85,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Legal & General Group Plc acquired a new position in Broadcom during the second quarter worth $11,998,148,000. Bank of New York Mellon Corp purchased a new stake in Broadcom in the 2nd quarter valued at $10,528,191,000. Jupiter Topco LLC acquired a new stake in shares of Broadcom in the 2nd quarter worth $7,396,271,000. State Street Corp increased its stake in shares of Broadcom by 8.7% in the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock worth $75,367,711,000 after acquiring an additional 16,651,378 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Broadcom in the 2nd quarter worth $5,661,216,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $475.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. Cantor Fitzgerald upped their price objective on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Royal Bank Of Canada started coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set an “outperform” rating for the company. BNP Paribas Exane lifted their target price on shares of Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Finally, Wedbush started coverage on shares of Broadcom in a research note on Tuesday, October 27th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $530.52.

Trending Headlines about Broadcom

These are some of the AVGO headlines that stood out recently:

• Positive Sentiment: Investors are rotating toward rival chipmakers as uncertainty around Nvidia creates a potential opening for Broadcom to win more AI-chip business. Broadcom’s custom-chip focus positions it to benefit if hyperscalers expand alternatives to Nvidia’s products. Why Broadcom Stock Rallied Thursday Morning
• Neutral Sentiment: Broadcom’s AI opportunity comes with customer-concentration risk: its five largest customers reportedly accounted for about 55% of recent-quarter revenue. Anthropic is expected to become its largest custom AI-chip customer in 2027, which could deepen reliance on a few major buyers. Broadcom’s customer concentration risk
• Negative Sentiment: Potentially tighter U.S. export controls and hardware-tracking rules could add compliance costs and delay international AI deployments. Such restrictions may affect Broadcom and other semiconductor suppliers, even if demand for AI infrastructure remains strong. Midterm Fallout, NVIDIA Turmoil, Anthropic’s IPO: Is Broadcom a Steal?

Broadcom Trading Up 5.5%

Shares of Broadcom stock opened at $364.36 on Friday. The stock has a 50 day moving average of $345.59 and a 200 day moving average of $366.48. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The firm has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 46.53 and a beta of 1.49. Broadcom Inc. has a fifty-two week low of $289.77 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the previous year, the business earned $1.69 earnings per share. The company’s revenue for the quarter was up 85.5% on a year-over-year basis. As a group, research analysts predict that Broadcom Inc. will post 10.20 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is presently 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.