Broadcom Inc. $AVGO Stock Holdings Boosted by StoneX Group Inc.

StoneX Group Inc. boosted its stake in Broadcom Inc. (NASDAQ:AVGO) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,550 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,767 shares during the period. StoneX Group Inc.’s holdings in Broadcom were worth $12,842,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its holdings in Broadcom by 12.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 52,407 shares of the semiconductor manufacturer’s stock valued at $18,405,000 after buying an additional 5,932 shares during the last quarter. Eiger Wealth Management LLC acquired a new stake in Broadcom during the 3rd quarter worth approximately $357,000. Ethos Capital Management Inc. grew its holdings in Broadcom by 9.2% during the 3rd quarter. Ethos Capital Management Inc. now owns 18,300 shares of the semiconductor manufacturer’s stock worth $6,427,000 after acquiring an additional 1,537 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Broadcom by 3.3% during the 3rd quarter. Pictet Asset Management Holding SA now owns 7,589,736 shares of the semiconductor manufacturer’s stock worth $2,665,812,000 after acquiring an additional 244,502 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners grew its holdings in Broadcom by 1.9% during the 3rd quarter. Tennessee Valley Asset Management Partners now owns 15,854 shares of the semiconductor manufacturer’s stock worth $5,568,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

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

Analyst Ratings Changes

Several equities analysts have issued reports on AVGO shares. BNP Paribas Exane upped their price target on shares of Broadcom from $675.00 to $715.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Cantor Fitzgerald lifted their price target on shares of Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Fox Advisors raised shares of Broadcom to an “outperform” rating in a research note on Thursday, September 3rd. Bank of America decreased their price objective on Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Finally, DA Davidson raised Broadcom from a “neutral” rating to a “buy” rating and raised their target price for the stock from $350.00 to $400.00 in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $530.52.

Broadcom Stock Performance

Shares of AVGO stock opened at $331.98 on Wednesday. The business’s 50 day simple moving average is $346.14 and its 200 day simple moving average is $366.16. Broadcom Inc. has a one year low of $289.77 and a one year high of $495.00. The stock has a market capitalization of $1.58 trillion, a PE ratio of 42.40 and a beta of 1.49. 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 (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 in the prior year, the firm posted $1.69 EPS. The company’s revenue for the quarter was up 85.5% compared to the same quarter last year. As a group, research analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio is currently 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.