Burr Financial Services LLC Sells 24,519 Shares of Broadcom Inc. $AVGO

Burr Financial Services LLC trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 58.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,666 shares of the semiconductor manufacturer’s stock after selling 24,519 shares during the quarter. Broadcom makes up 3.8% of Burr Financial Services LLC’s holdings, making the stock its 8th biggest holding. Burr Financial Services LLC’s holdings in Broadcom were worth $6,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AVGO. Tactive Advisors LLC raised its holdings in Broadcom by 58.6% during the third quarter. Tactive Advisors LLC now owns 2,651 shares of the semiconductor manufacturer’s stock worth $931,000 after buying an additional 979 shares during the last quarter. Peterson Wealth Advisors LLC grew its holdings in shares of Broadcom by 9.1% during the third quarter. Peterson Wealth Advisors LLC now owns 1,141 shares of the semiconductor manufacturer’s stock valued at $401,000 after buying an additional 95 shares during the last quarter. New Covenant Trust Company N.A. grew its holdings in shares of Broadcom by 13.1% during the third quarter. New Covenant Trust Company N.A. now owns 5,394 shares of the semiconductor manufacturer’s stock valued at $1,894,000 after buying an additional 626 shares during the last quarter. Quintet Private Bank Europe S.A. increased its position in shares of Broadcom by 112.3% during the third quarter. Quintet Private Bank Europe S.A. now owns 258,673 shares of the semiconductor manufacturer’s stock worth $90,843,000 after acquiring an additional 136,825 shares in the last quarter. Finally, Toth Financial Advisory Corp raised its holdings in shares of Broadcom by 5.5% in the 3rd quarter. Toth Financial Advisory Corp now owns 35,914 shares of the semiconductor manufacturer’s stock worth $12,613,000 after acquiring an additional 1,871 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

AVGO traded down $11.77 during trading on Thursday, reaching $364.74. 8,724,596 shares of the company were exchanged, compared to its average volume of 25,031,582. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.74 trillion, a price-to-earnings ratio of 46.46 and a beta of 1.46. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The company’s 50-day moving average is $372.35 and its two-hundred day moving average is $382.17.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate 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 net margin of 42.94% and a return on equity of 48.33%. The business’s quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.69 earnings per share. Research analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

Insider Transactions at Broadcom

In related news, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 194,989 shares in the company, valued at $78,254,935.37. The trade was a 11.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Dbs Bank raised shares of Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. Rosenblatt Securities began coverage on shares of Broadcom in a report on Thursday, September 3rd. They set a “buy” rating and a $600.00 price target on the stock. Cantor Fitzgerald upped their price objective on shares of Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Erste Group Bank reissued a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Broadcom in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and an average target price of $527.20.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is reportedly seeking more than $50 billion from lenders including Apollo Global Management and Blackstone to finance custom AI chips being developed with OpenAI. The effort signals potentially enormous demand for Broadcom’s custom accelerators and could support long-term AI revenue growth. Discussions remain preliminary, however, and the final financing amount may change. Broadcom seeks more than $50 billion to finance OpenAI AI chips
• Positive Sentiment: Investors continue to highlight Broadcom’s rapid custom-chip and networking opportunity as hyperscalers expand AI infrastructure. Analysts cited in recent coverage expect substantial earnings growth, while elevated call-option activity indicates strong speculative interest in the shares. Broadcom AI revenue growth and custom chips
• Neutral Sentiment: CEO Hock Tan continues to defend Broadcom’s approximately $350 billion AI-chip outlook, emphasizing demand from inference-focused customers. The forecast supports the bullish long-term narrative but requires sustained spending by a small group of large technology customers. Broadcom CEO defends AI outlook
• Negative Sentiment: The proposed debt-funded chip purchases have raised concerns about leverage, “circular” financing and the risk of financing chips with loans that could outlast their useful lives. Because the arrangement is tied to OpenAI demand and remains unfinalized, investors may be discounting execution, credit and customer-concentration risks. AI chip debt financing risks
• Negative Sentiment: Broadcom’s valuation remains demanding after its strong AI rally, leaving less room for disappointment. Investors are questioning whether projected AI growth is already reflected in the stock, particularly as competing chip and networking companies pursue the same hyperscaler spending. Broadcom AI growth and valuation

Broadcom Company 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.