4,592 Broadcom Inc. $AVGO Shares Acquired by IPG Investment Advisors LLC

IPG Investment Advisors LLC lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 22.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,882 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,592 shares during the quarter. Broadcom comprises 1.2% of IPG Investment Advisors LLC’s portfolio, making the stock its 18th largest position. IPG Investment Advisors LLC’s holdings in Broadcom were worth $8,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AVGO. Yukon Wealth Management Inc. raised its position in shares of Broadcom by 1.1% during the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock worth $774,000 after buying an additional 26 shares in the last quarter. NerdWallet Wealth Partners LLC lifted its position in Broadcom by 2.6% in the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer’s stock worth $399,000 after purchasing an additional 27 shares during the period. Veery Capital LLC lifted its position in Broadcom by 1.4% in the second quarter. Veery Capital LLC now owns 1,900 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 27 shares during the period. Ridgeline Wealth Planning LLC boosted its stake in Broadcom by 2.1% during the 2nd quarter. Ridgeline Wealth Planning LLC now owns 1,302 shares of the semiconductor manufacturer’s stock valued at $492,000 after purchasing an additional 27 shares in the last quarter. Finally, Capital Planning LLC boosted its stake in Broadcom by 0.7% during the 1st quarter. Capital Planning LLC now owns 4,044 shares of the semiconductor manufacturer’s stock valued at $1,252,000 after purchasing an additional 28 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Trending Headlines about 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

Broadcom stock traded up $2.16 during mid-day trading on Friday, hitting $293.69. The company’s stock had a trading volume of 32,366,942 shares, compared to its average volume of 22,165,412. The stock has a market capitalization of $1.40 trillion, a P/E ratio of 37.51 and a beta of 1.49. Broadcom Inc. has a twelve month low of $289.77 and a twelve month high of $495.00. The stock’s fifty day moving average price is $347.89 and its two-hundred day moving average price is $366.17. 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 quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. The business 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%. The company’s revenue was up 85.5% compared to the same quarter last year. During the same period last year, the company posted $1.69 EPS. Research analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio is currently 33.21%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AVGO. Weiss Ratings upgraded Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Citic Securities upgraded Broadcom to a “buy” rating and upped their price objective for the company from $450.00 to $525.00 in a report on Tuesday, September 8th. Wedbush assumed coverage on Broadcom in a research note on Tuesday, October 27th. They set an “outperform” rating for the company. Tigress Financial initiated coverage on Broadcom in a report on Thursday, October 22nd. They set a “buy” rating and a $600.00 target price on the stock. Finally, Fox Advisors upgraded shares of Broadcom to an “outperform” rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $530.52.

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.