14,655 Broadcom Inc. $AVGO Shares Purchased by Elite Wealth Management Inc.

Elite Wealth Management Inc. raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 41.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,815 shares of the semiconductor manufacturer’s stock after buying an additional 14,655 shares during the period. Broadcom comprises about 3.4% of Elite Wealth Management Inc.’s portfolio, making the stock its 6th biggest position. Elite Wealth Management Inc.’s holdings in Broadcom were worth $17,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AVGO. M Holdings Securities Inc. boosted its position in Broadcom by 5.9% during the third quarter. M Holdings Securities Inc. now owns 21,866 shares of the semiconductor manufacturer’s stock valued at $7,119,000 after acquiring an additional 1,227 shares during the last quarter. Brighton Jones LLC grew its holdings in Broadcom by 3.9% during the 3rd quarter. Brighton Jones LLC now owns 68,624 shares of the semiconductor manufacturer’s stock worth $24,100,000 after acquiring an additional 2,588 shares during the period. American State Bank Iowa raised its position in shares of Broadcom by 5.9% in the 3rd quarter. American State Bank Iowa now owns 7,017 shares of the semiconductor manufacturer’s stock worth $2,464,000 after acquiring an additional 391 shares in the last quarter. Cullinan Associates Inc. raised its position in shares of Broadcom by 10.0% in the 3rd quarter. Cullinan Associates Inc. now owns 13,172 shares of the semiconductor manufacturer’s stock worth $4,626,000 after acquiring an additional 1,196 shares in the last quarter. Finally, Henderson Brothers Financial Partners LLC bought a new position in shares of Broadcom in the 3rd quarter worth about $2,253,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Anthropic’s S-1 filing reportedly shows surging revenue and $131.8 billion in cash, strengthening confidence in its ability to support a large commitment to Broadcom. Broadcom’s connection to a $26 billion Anthropic placement also underscores its role in the AI supply chain. Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
• Positive Sentiment: Google’s projected $135 billion chip spending could benefit Broadcom’s custom-chip business, as large technology companies look beyond GPUs to develop their own AI processors. The Real Winner of Google’s $135 Billion Chip Forecast: Broadcom
• Positive Sentiment: Analysts point to Broadcom’s history of earnings surprises and factors they believe could support another quarterly beat. The next results are scheduled for December 9, making the report a near-term test of AI demand and investor expectations. Will Broadcom Beat Estimates Again?
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation’s Sandbox and is working on Kubernetes workload standards. This may strengthen VMware’s ecosystem and partner support, though the near-term financial impact is uncertain. Broadcom Contributes VM API Open Source Project to CNCF
• Negative Sentiment: Despite the rebound, investor concerns persist over margin pressure and a reported $63 billion financing structure. Broader worries about data-center investment, AI regulation and higher interest rates could also weigh on sentiment toward semiconductor stocks. Broadcom’s Margin and Financing Concerns

Analyst Ratings Changes

AVGO has been the topic of a number of recent analyst reports. Citic Securities raised Broadcom to a “buy” rating and boosted their price objective for the company from $450.00 to $525.00 in a research note on Tuesday, September 8th. Truist Financial lowered their target price on Broadcom from $550.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Fox Advisors upgraded Broadcom to an “outperform” rating in a report on Thursday, September 3rd. Morgan Stanley reissued an “overweight” rating and issued a $505.00 price target (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. Finally, Wedbush started coverage on Broadcom in a report on Tuesday, October 27th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $530.52.

Broadcom Trading Up 3.9%

AVGO opened at $331.98 on Wednesday. Broadcom Inc. has a 1-year low of $289.77 and a 1-year high of $495.00. 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 company has a market cap of $1.58 trillion, a P/E ratio of 42.40 and a beta of 1.49. The company has a fifty day moving average price of $346.14 and a two-hundred day moving average price of $366.16.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion for 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 business’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 earnings per share. Analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

About Broadcom

Broadcom Inc. is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics. Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.