Broadcom Inc. $AVGO Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,385 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,562 shares during the period. Broadcom makes up 1.1% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest position. Kingswood Wealth Advisors LLC’s holdings in Broadcom were worth $28,230,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Paladin Wealth LLC raised its position in shares of Broadcom by 18.5% in the 3rd quarter. Paladin Wealth LLC now owns 5,822 shares of the semiconductor manufacturer’s stock worth $2,045,000 after buying an additional 907 shares during the period. Broadway Wealth Solutions Inc. grew its holdings in shares of Broadcom by 4.5% during the 3rd quarter. Broadway Wealth Solutions Inc. now owns 3,351 shares of the semiconductor manufacturer’s stock worth $1,177,000 after purchasing an additional 144 shares during the period. Beacon Capital Management LLC increased its position in Broadcom by 3.3% during the 3rd quarter. Beacon Capital Management LLC now owns 4,640 shares of the semiconductor manufacturer’s stock worth $1,630,000 after purchasing an additional 148 shares in the last quarter. Randolph Co Inc acquired a new position in Broadcom during the third quarter valued at approximately $80,004,000. Finally, Provident Investment Management Inc. lifted its position in Broadcom by 1.0% during the third quarter. Provident Investment Management Inc. now owns 55,531 shares of the semiconductor manufacturer’s stock valued at $19,502,000 after buying an additional 543 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

AVGO stock opened at $345.00 on Friday. 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 has a market cap of $1.65 trillion, a P/E ratio of 44.06 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 stock’s 50 day simple moving average is $353.57 and its 200 day simple moving average is $367.09.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping 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 firm had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The firm’s revenue was up 85.5% on a year-over-year basis. As a group, equities research analysts predict 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. Shareholders of record on Monday, September 21st were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts remain constructive: DA Davidson upgraded Broadcom to “Buy,” while Rosenblatt reaffirmed its Buy rating. The upgrades cite the company’s AI semiconductor momentum and long-term growth outlook. DA Davidson Upgrades Broadcom to Buy
• Positive Sentiment: Broadcom’s custom-chip opportunity continues to expand. One bullish outlook points to projected AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, supported by rising data-center and accelerator demand. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Meta’s planned AI financing and potential investment by major chip suppliers could support additional orders for Broadcom as Meta expands its data-center capacity. Why Meta’s $100 Billion Financing Plan Is a Boon for Broadcom
• Neutral Sentiment: The stock’s pullback from its record high has prompted some investors to view Broadcom as a more attractive entry point, although valuation remains dependent on continued exceptional AI growth. Broadcom: This Is Probably a Good Entry Point
• Negative Sentiment: The $63 billion Anthropic financing arrangement is raising concern about asset and credit risk. A special-purpose vehicle would purchase and lease Broadcom hardware, while Broadcom’s potential backstop exposure could reach roughly $43 billion if financing or asset values deteriorate. Broadcom’s Anthropic Deal and Potential Backstop
• Negative Sentiment: Broader concerns about AI spending are also weighing on sentiment. Rising interest rates, heavy borrowing for data centers and doubts about returns on massive capital expenditures could compress richly valued semiconductor stocks. Why Rising Rates Could Break the Bull Market

Analyst Ratings Changes

A number of research analysts have commented on AVGO shares. Bank of America reduced their price objective on Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Wedbush assumed coverage on shares of Broadcom in a research note on Tuesday. They issued an “outperform” rating for the company. Wall Street Zen downgraded shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Fox Advisors raised shares of Broadcom to an “outperform” rating in a research report on Thursday, September 3rd. Finally, BNP Paribas Exane lifted their target price on Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $530.52.

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 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.