KMG Fiduciary Partners LLC Sells 1,629 Shares of Broadcom Inc. $AVGO

KMG Fiduciary Partners LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,070 shares of the semiconductor manufacturer’s stock after selling 1,629 shares during the quarter. Broadcom makes up approximately 0.9% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 29th biggest position. KMG Fiduciary Partners LLC’s holdings in Broadcom were worth $9,858,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Networth Advisors LLC increased its position in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Core Capital Management & Research inc. bought a new position in shares of Broadcom in the second quarter worth about $31,000. Harborfront Financial Group LLC purchased a new position in shares of Broadcom during the 2nd quarter valued at about $38,000. Coppell Advisory Solutions LLC purchased a new position in shares of Broadcom during the 2nd quarter valued at about $60,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at about $64,000. 76.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of recent research reports. Bank of America cut their price objective on Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Sanford C. Bernstein restated a “buy” rating on shares of Broadcom in a research note on Monday, September 21st. Fox Advisors raised shares of Broadcom to an “outperform” rating in a report on Thursday, September 3rd. Raymond James Financial reaffirmed 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. Finally, Dbs Bank upgraded shares of Broadcom to a “moderate buy” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $527.20.

Broadcom Trading Up 0.7%

AVGO stock opened at $357.31 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The business has a 50 day simple moving average of $369.27 and a two-hundred day simple moving average of $383.32. The company has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 45.63 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter last year, the business posted $1.69 earnings per share. The company’s revenue for the quarter was up 85.5% compared to the same quarter last year. Research analysts anticipate that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a 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%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom plans to launch an AI networking platform at the OCP Global Summit, potentially strengthening its position in the rapidly expanding market for hyperscale data-center connectivity. Broadcom To Launch AI Networking Platform
• Positive Sentiment: The company introduced VMware HyperArmor, a security product designed to protect VMware Cloud Foundation hypervisors from increasingly sophisticated cyberattacks. The launch supports Broadcom’s recurring infrastructure-software strategy and could improve VMware’s product value. Broadcom Introduces VMware HyperArmor
• Positive Sentiment: Analysts and commentators continue to highlight Broadcom’s custom AI-chip business, including multiyear hyperscaler contracts and demand from customers such as Google. This model allows AVGO to benefit from AI spending without competing directly with Nvidia in general-purpose GPUs. Broadcom and Google AI Designs
• Neutral Sentiment: CEO Hock Tan warned that capital availability—not memory-chip supply—could become the biggest bottleneck for AI expansion. The comments raise concerns about the sustainability of data-center spending, even as Broadcom reportedly increased its AI revenue outlook. Capital Crunch Could Become AI Bottleneck
• Neutral Sentiment: Broadcom is being promoted as a leading AI and dividend stock, but comparisons with Nvidia, Qualcomm and Oracle emphasize that investors must weigh growth, leverage and valuation rather than AI exposure alone. Dividend Stocks Offering AI Exposure
• Negative Sentiment: Tan’s description of AI investors as casino gamblers may reinforce concerns that the sector has become speculative and vulnerable to a pullback if funding or expected returns deteriorate. Broadcom CEO Compared AI Investors to Gamblers
• Negative Sentiment: AVGO remains well below its record high, with technical indicators showing continued pressure. Profit-taking across semiconductor equipment stocks and renewed concern about AI-related financing are weighing on sentiment toward the broader chip group. Broadcom Stock Analysis

About Broadcom

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.