Middleton & Co. Inc. MA Sells 3,665 Shares of Broadcom Inc. $AVGO

Middleton & Co. Inc. MA lessened its stake in Broadcom Inc. (NASDAQ:AVGO) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,523 shares of the semiconductor manufacturer’s stock after selling 3,665 shares during the period. Broadcom makes up about 4.4% of Middleton & Co. Inc. MA’s holdings, making the stock its 4th biggest holding. Middleton & Co. Inc. MA’s holdings in Broadcom were worth $41,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Simplicity Wealth LLC raised its position in shares of Broadcom by 13.2% during the 3rd quarter. Simplicity Wealth LLC now owns 81,918 shares of the semiconductor manufacturer’s stock valued at $28,769,000 after buying an additional 9,523 shares in the last quarter. Madrona Financial Services LLC lifted its holdings in shares of Broadcom by 3.5% during the 3rd quarter. Madrona Financial Services LLC now owns 2,328 shares of the semiconductor manufacturer’s stock worth $818,000 after acquiring an additional 79 shares during the last quarter. Brookmont Capital Management lifted its holdings in shares of Broadcom by 6.5% during the 3rd quarter. Brookmont Capital Management now owns 1,499 shares of the semiconductor manufacturer’s stock worth $526,000 after acquiring an additional 92 shares during the last quarter. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Broadcom by 312.4% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 35,156 shares of the semiconductor manufacturer’s stock worth $12,346,000 after acquiring an additional 26,631 shares during the last quarter. Finally, Vima LLC grew its position in Broadcom by 35.4% in the third quarter. Vima LLC now owns 283 shares of the semiconductor manufacturer’s stock worth $99,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $351.81 on Thursday. The company has a 50-day simple moving average of $353.92 and a two-hundred day simple moving average of $367.09. 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 Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The firm has a market cap of $1.68 trillion, a price-to-earnings ratio of 44.93 and a beta of 1.46.

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

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio is currently 33.21%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: D.A. Davidson upgraded Broadcom to Buy from Neutral and raised its price target from $350 to $400. The firm cited continued AI spending and potential public offerings by major AI developers, improving sentiment toward Broadcom’s custom-chip and networking outlook. D.A. Davidson upgrades Broadcom to buy from neutral
• Positive Sentiment: A $63 billion financing structure for Anthropic’s AI infrastructure is the main business catalyst. Banks and Blackstone reportedly committed financing for a special-purpose vehicle to purchase and lease Broadcom accelerators and networking equipment. Truist estimates the arrangement could generate as much as $30 billion in revenue, while the deal signals strong demand for Broadcom’s AI systems. Broadcom Anthropic financing structure
• Positive Sentiment: Credit-quality support also improved. Fitch affirmed Broadcom’s A- rating with a positive outlook, citing strong cash generation and operating momentum. Rosenblatt separately reaffirmed a Buy rating with a $600 target, underscoring the bullish view of long-term AI demand. Fitch affirms Broadcom rating
• Neutral Sentiment: Broadcom may participate in a potential investment in Meta, alongside other chip suppliers. The move could deepen customer ties and provide exposure to Meta’s AI expansion, but investing in a major customer also raises concerns about circular financing and customer concentration. Chip suppliers may invest in Meta
• Negative Sentiment: The Anthropic arrangement introduces meaningful risk. Banks reportedly considered withdrawing, and Broadcom’s potentially large AI-rack lease backstop could create off-balance-sheet obligations. Analysts also cite rising AI-related margin pressure, supply constraints, dependence on a concentrated customer base and competition from Credo. Higher interest rates could further pressure the valuation of high-growth technology shares.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on Broadcom from $525.00 to $540.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. restated a “buy” rating on shares of Broadcom in a research report on Thursday, September 3rd. Wall Street Zen lowered Broadcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Evercore set a $578.00 price target on Broadcom and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Broadcom in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $530.52.

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 data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company’s semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.