Broadcom Inc. $AVGO Stock Acquired by Moneco Advisors LLC

Moneco Advisors LLC grew its holdings in Broadcom Inc. (NASDAQ:AVGO) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,391 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,394 shares during the period. Moneco Advisors LLC’s holdings in Broadcom were worth $11,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AVGO. Mesirow Financial Investment Management Inc. grew its position in shares of Broadcom by 0.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 151,168 shares of the semiconductor manufacturer’s stock worth $53,090,000 after purchasing an additional 485 shares in the last quarter. Thor Trading Advisors LLC raised its stake in Broadcom by 16.2% during the 3rd quarter. Thor Trading Advisors LLC now owns 5,032 shares of the semiconductor manufacturer’s stock valued at $1,767,000 after purchasing an additional 702 shares during the period. 626 Financial LLC raised its stake in Broadcom by 25.3% during the 3rd quarter. 626 Financial LLC now owns 842 shares of the semiconductor manufacturer’s stock valued at $296,000 after purchasing an additional 170 shares during the period. Narwhal Capital Management lifted its holdings in Broadcom by 4.4% in the 3rd quarter. Narwhal Capital Management now owns 42,936 shares of the semiconductor manufacturer’s stock worth $15,079,000 after purchasing an additional 1,814 shares in the last quarter. Finally, Csenge Advisory Group lifted its holdings in Broadcom by 1.8% in the 3rd quarter. Csenge Advisory Group now owns 18,283 shares of the semiconductor manufacturer’s stock worth $6,421,000 after purchasing an additional 330 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

AVGO has been the subject of several recent analyst reports. KeyCorp restated an “overweight” rating and issued a $575.00 price target on shares of Broadcom in a research note on Thursday, September 3rd. DA Davidson upgraded shares of Broadcom from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $350.00 to $400.00 in a research report on Tuesday, October 27th. Citigroup downgraded shares of Broadcom from a “buy” rating to a “neutral” rating in a report on Tuesday, October 27th. Weiss Ratings lowered shares of Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Cantor Fitzgerald raised their target price on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $530.52.

More Broadcom News

These are some of the AVGO news items that stood out recently:

• Positive Sentiment: Industry spending remains a supportive backdrop: analyst estimates for hyperscaler capital expenditures have risen sharply, suggesting continued investment in AI infrastructure that could underpin demand for Broadcom’s custom chips and related systems. Great News for Nvidia, Micron, Broadcom, and AMD Stock Investors
• Neutral Sentiment: Broadcom’s AI opportunity comes with customer-concentration risk: its five largest customers reportedly accounted for about 55% of recent-quarter revenue. Anthropic is expected to become its largest custom AI-chip customer in 2027, which could deepen reliance on a few major buyers. Broadcom’s customer concentration risk
• Negative Sentiment: Potentially tighter U.S. export controls and hardware-tracking rules could add compliance costs and delay international AI deployments. Such restrictions may affect Broadcom and other semiconductor suppliers, even if demand for AI infrastructure remains strong. Midterm Fallout, NVIDIA Turmoil, Anthropic’s IPO: Is Broadcom a Steal?

Broadcom Price Performance

NASDAQ:AVGO opened at $364.36 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 company has a market capitalization of $1.74 trillion, a P/E ratio of 46.53 and a beta of 1.49. Broadcom Inc. has a 12 month low of $289.77 and a 12 month high of $495.00. The business’s 50-day moving average is $345.59 and its 200 day moving average is $366.48.

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, beating the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The firm’s revenue for the quarter was up 85.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 EPS. On average, equities research analysts forecast that Broadcom Inc. will post 10.20 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Broadcom Company Profile

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.