Broadcom Inc. $AVGO Stake Increased by Vise Technologies Inc.

Vise Technologies Inc. raised its position in Broadcom Inc. (NASDAQ:AVGO) by 11.7% during the third quarter, Holdings Channel reports. The firm owned 250,673 shares of the semiconductor manufacturer’s stock after purchasing an additional 26,336 shares during the period. Broadcom comprises 0.7% of Vise Technologies Inc.’s portfolio, making the stock its 28th largest holding. Vise Technologies Inc.’s holdings in Broadcom were worth $88,034,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Core Capital Management & Research inc. bought a new stake in Broadcom during the second quarter valued at $31,000. Harborfront Financial Group LLC acquired a new stake in Broadcom in the 2nd quarter valued at $38,000. DecisionPoint Financial LLC increased its position in shares of Broadcom by 101.9% during the third quarter. DecisionPoint Financial LLC now owns 105 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 53 shares in the last quarter. Align Financial LLC raised its position in Broadcom by 67.2% in the 3rd quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 45 shares during the last quarter. Finally, Curry Webb Wealth Management LLC purchased a new position in shares of Broadcom in the 3rd quarter worth approximately $41,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Down 2.0%

AVGO stock opened at $325.60 on Thursday. 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 Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The stock has a market capitalization of $1.55 trillion, a P/E ratio of 41.58 and a beta of 1.49. The business has a fifty day moving average price of $350.73 and a 200-day moving average price of $366.67.

Broadcom (NASDAQ:AVGO) last announced its earnings results 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. The business 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 period in the previous year, the business earned $1.69 EPS. Equities analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. HSBC decreased their price target on shares of Broadcom from $600.00 to $560.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Cantor Fitzgerald raised their target price on Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. UBS Group downgraded shares of Broadcom from a “hold” rating to a “neutral” rating in a research note on Tuesday, October 27th. BNP Paribas Exane upped their target price on Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Finally, President Capital upped their price target on shares of Broadcom from $520.00 to $546.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. One 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $530.52.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI semiconductor revenue reached $16.7 billion, exceeding its $16 billion target, and management expects higher AI revenue next quarter. That supports the view that demand for its custom AI chips remains strong despite competition from Marvell. Article: Is Broadcom Stock a Buy Now?
• Positive Sentiment: ETFs purchased $267.7 million of Broadcom shares on Nov. 2, a sign of institutional demand, though fund flows can be short-lived and do not guarantee further gains. Article: 53 ETFs Add to Broadcom Holdings
• Neutral Sentiment: A report tied midterm-election results and a potential Texas permit freeze to concerns about AI data-center investment. The article does not establish a direct effect on Broadcom, but any broader slowdown in data-center construction could weigh on AI infrastructure suppliers. Article: Steve Weiss Says the Midterms Just Put a Lid on AI Spending
• Negative Sentiment: Broadcom underperformed in a rising market. Coverage describing the session offered no specific explanation, leaving the decline potentially tied to market sentiment or profit-taking rather than a disclosed change in the company’s outlook. Article: Broadcom Stock Slides as Market Rises
• Negative Sentiment: Some commentary flags valuation as a risk, while Broadcom’s custom-chip opportunity depends on customers continuing to develop their own processors. That leaves the stock vulnerable if growth expectations cool or customer plans change. Article: Taiwan Semi or Broadcom

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.