Matrix Trust Co Sells 4,491 Shares of Broadcom Inc. $AVGO

Matrix Trust Co cut its stake in Broadcom Inc. (NASDAQ:AVGO) by 45.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,457 shares of the semiconductor manufacturer’s stock after selling 4,491 shares during the period. Matrix Trust Co’s holdings in Broadcom were worth $1,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crumly & Associates Inc. boosted its stake in Broadcom by 1.0% during the third quarter. Crumly & Associates Inc. now owns 10,451 shares of the semiconductor manufacturer’s stock worth $3,670,000 after acquiring an additional 104 shares in the last quarter. First Community Trust NA lifted its holdings in shares of Broadcom by 15.8% in the 3rd quarter. First Community Trust NA now owns 6,916 shares of the semiconductor manufacturer’s stock worth $2,429,000 after purchasing an additional 945 shares in the last quarter. Weaver Consulting Group increased its position in shares of Broadcom by 9.9% during the third quarter. Weaver Consulting Group now owns 4,160 shares of the semiconductor manufacturer’s stock worth $1,461,000 after acquiring an additional 375 shares in the last quarter. Stewardship Concepts Financial Services LLC purchased a new position in shares of Broadcom during the third quarter valued at approximately $209,000. Finally, Congress Asset Management Co. grew its stake in shares of Broadcom by 11.2% in the 3rd quarter. Congress Asset Management Co. now owns 821,013 shares of the semiconductor manufacturer’s stock worth $288,331,000 after acquiring an additional 82,707 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI revenue reportedly grew 221% year over year, reinforcing its position as a leading supplier of custom AI accelerators and networking equipment. Analysts argue that custom chips could become a larger and more durable opportunity than general-purpose GPUs as hyperscalers seek improved power efficiency and workload optimization. Broadcom’s AI Revenue Is Growing at 221%
• Positive Sentiment: Marvell Technology’s ambitious custom-AI-chip outlook is a positive read-through for Broadcom, which competes for hyperscaler ASIC and networking projects. Marvell’s investor-day targets and emphasis on custom silicon helped lift sentiment across the segment. Marvell Rallies as Custom AI Silicon Gains Attention
• Positive Sentiment: Unusually heavy call-option activity, a reported $13 million Broadcom purchase by Cathie Wood, and bullish comparisons with Nvidia indicate continued institutional and retail interest in AVGO’s AI growth prospects. Cathie Wood Just Bought Broadcom Stock
• Neutral Sentiment: Morgan Stanley believes Broadcom and Nvidia may be relatively protected from a potential U.S. data-center power shortage, although constrained electricity could still slow the broader AI infrastructure buildout. Nvidia and Broadcom May Be Protected From AI Power Shortage
• Negative Sentiment: Investor skepticism remains the main overhang: some coverage questions whether strong AI results are already priced in and highlights concerns about circular financing linked to Anthropic, hyperscaler dependence and the stock’s tendency to disappoint after earnings beats. These risks help explain why AVGO has not been consistently rewarded for its operating performance. Broadcom: When The Story And The Stock Disagree

Broadcom Stock Performance

Shares of AVGO stock traded down $1.79 during trading on Wednesday, reaching $374.02. 8,106,678 shares of the company’s stock traded hands, compared to its average volume of 25,066,063. The company has a market capitalization of $1.79 trillion, a P/E ratio of 47.73 and a beta of 1.46. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average is $372.22 and its 200 day moving average is $381.78. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00.

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, 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 analyst estimates of $29.24 billion. During the same period in the previous year, the business earned $1.69 EPS. Broadcom’s revenue was up 85.5% compared to the same quarter last year. Equities research analysts expect that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom’s payout ratio is presently 33.21%.

Insider Transactions at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at $78,254,935.37. This trade represents a 11.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AVGO. Weiss Ratings downgraded Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. BMO Capital Markets boosted their price target on shares of Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Piper Sandler began coverage on shares of Broadcom in a report on Wednesday, September 9th. They set an “overweight” rating and a $460.00 price objective for the company. Rosenblatt Securities began coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating and set a $505.00 target price (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Broadcom presently has an average rating of “Moderate Buy” and an average price target 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.