Broadcom Inc. $AVGO Stock Holdings Lifted by First Financial Bank Trust Division

First Financial Bank Trust Division grew its position in Broadcom Inc. (NASDAQ:AVGO) by 22.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,817 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,788 shares during the period. Broadcom comprises about 1.3% of First Financial Bank Trust Division’s holdings, making the stock its 18th largest position. First Financial Bank Trust Division’s holdings in Broadcom were worth $16,793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Doliver Advisors LP grew its holdings in Broadcom by 5.3% in the 3rd quarter. Doliver Advisors LP now owns 10,602 shares of the semiconductor manufacturer’s stock valued at $3,723,000 after buying an additional 531 shares during the last quarter. Stonebridge Financial Group LLC lifted its holdings in shares of Broadcom by 15.3% during the third quarter. Stonebridge Financial Group LLC now owns 2,539 shares of the semiconductor manufacturer’s stock worth $892,000 after buying an additional 337 shares during the last quarter. Cim Investment Management Inc. boosted its position in shares of Broadcom by 9.7% in the second quarter. Cim Investment Management Inc. now owns 22,900 shares of the semiconductor manufacturer’s stock valued at $8,650,000 after acquiring an additional 2,032 shares during the period. QRG Capital Management Inc. boosted its position in shares of Broadcom by 10.1% in the second quarter. QRG Capital Management Inc. now owns 864,506 shares of the semiconductor manufacturer’s stock valued at $323,796,000 after acquiring an additional 79,451 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Broadcom by 9.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 227,394 shares of the semiconductor manufacturer’s stock worth $85,882,000 after acquiring an additional 19,465 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the transaction, the insider directly owned 194,989 shares in the company, valued at $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the transaction, the director directly owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,890 shares of company stock valued at $20,241,368 in the last 90 days. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Evercore set a $578.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Citigroup reissued a “buy” rating and issued a $515.00 price target (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. The Goldman Sachs Group raised their price target on shares of Broadcom from $525.00 to $540.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Sanford C. Bernstein restated a “buy” rating on shares of Broadcom in a report on Monday, September 21st. Finally, Dbs Bank raised shares of Broadcom to a “moderate buy” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $527.20.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom has agreed to provide Anthropic with up to $42 billion in financing to lease Broadcom chips and fund the AI company’s infrastructure expansion. The facility could cover roughly one-third of Anthropic’s $125.2 billion, five-year commitment for TPU computing capacity, creating a potentially significant source of future chip demand. Broadcom to lend Anthropic up to $42 billion to lease its chips
• Positive Sentiment: Anthropic could become Broadcom’s largest customer next year, while the arrangement also includes chip supply and equipment leasing. Investors may view the deal as evidence that Broadcom is becoming deeply embedded in the rapidly expanding AI infrastructure market. Broadcom Stock Rises. Anthropic and Broadcom Are Becoming More Intertwined.
• Neutral Sentiment: The financing may be convertible into Anthropic shares, giving Broadcom potential equity upside but also making the deal’s value dependent on Anthropic’s future growth and any IPO outcome. Broadcom to provide Anthropic with up to $42 billion in financing
• Negative Sentiment: Investors are concerned about credit exposure and customer concentration. Reports cite Anthropic’s $161.2 billion in Broadcom lease obligations and $518 billion in total infrastructure commitments, raising questions about whether Anthropic can support its spending plans. If Anthropic’s growth or financing deteriorates, Broadcom could face repayment, utilization, or concentration risks. Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test

Broadcom Price Performance

Shares of Broadcom stock traded down $7.55 during trading on Thursday, hitting $343.64. 22,308,464 shares of the company’s stock traded hands, compared to its average volume of 25,136,525. The company has a market cap of $1.64 trillion, a PE ratio of 43.89 and a beta of 1.44. The firm’s fifty day moving average price is $374.25 and its 200 day moving average price is $380.70. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. 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 posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 earnings per share. Analysts forecast that Broadcom Inc. will post 10.36 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. Investors of record on Monday, September 21st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 33.21%.

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.