Broadcom Inc. $AVGO Stock Holdings Raised by Viking Fund Management LLC

Viking Fund Management LLC grew its position in Broadcom Inc. (NASDAQ:AVGO) by 7.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 118,000 shares of the semiconductor manufacturer’s stock after acquiring an additional 8,500 shares during the quarter. Broadcom comprises about 3.3% of Viking Fund Management LLC’s holdings, making the stock its 2nd largest position. Viking Fund Management LLC’s holdings in Broadcom were worth $41,440,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kellett Wealth Advisors LLC raised its stake in Broadcom by 1.9% during the 3rd quarter. Kellett Wealth Advisors LLC now owns 4,655 shares of the semiconductor manufacturer’s stock valued at $1,635,000 after acquiring an additional 88 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Broadcom by 2.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 749,084 shares of the semiconductor manufacturer’s stock valued at $263,071,000 after purchasing an additional 18,877 shares during the last quarter. Loftus Peak Pty Ltd grew its stake in shares of Broadcom by 54.0% in the 3rd quarter. Loftus Peak Pty Ltd now owns 100,214 shares of the semiconductor manufacturer’s stock valued at $35,194,000 after purchasing an additional 35,153 shares during the last quarter. B.A. Schrock Wealth Management Inc. acquired a new position in shares of Broadcom in the third quarter valued at approximately $6,230,000. Finally, Nolet Wealth Management LLC increased its holdings in shares of Broadcom by 482.2% in the third quarter. Nolet Wealth Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $6,768,000 after purchasing an additional 15,961 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $344.33 on Friday. The stock has a market cap of $1.64 trillion, a price-to-earnings ratio of 43.98 and a beta of 1.46. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The company’s 50-day moving average price is $366.31 and its 200 day moving average price is $383.89. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO) last posted its 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 the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same period last year, the firm posted $1.69 EPS. As a group, research analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio is currently 33.21%.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

Analysts Set New Price Targets

AVGO has been the subject of several analyst reports. Piper Sandler assumed coverage on shares of Broadcom in a report on Wednesday, September 9th. They set an “overweight” rating and a $460.00 price target for the company. Morgan Stanley reissued an “overweight” rating and set a $505.00 price target (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. UBS Group cut Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. KeyCorp reaffirmed an “overweight” rating and issued a $575.00 price objective on shares of Broadcom in a research note on Thursday, September 3rd. Finally, Weiss Ratings raised Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $527.20.

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.