1,542 Shares of Broadcom Inc. $AVGO Acquired by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) in the third quarter, HoldingsChannel reports. The fund acquired 1,542 shares of the semiconductor manufacturer’s stock, valued at approximately $542,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AVGO. Cornerstone Advisors LLC bought a new stake in Broadcom in the 2nd quarter valued at about $92,522,000. Bank of America Corp DE raised its holdings in shares of Broadcom by 1.5% during the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after buying an additional 894,564 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of Broadcom during the second quarter worth approximately $3,302,000. Bartlett & CO. Wealth Management LLC grew its holdings in Broadcom by 129.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock worth $34,061,000 after buying an additional 62,050 shares in the last quarter. Finally, Violich Capital Management Inc. increased its position in Broadcom by 26.1% in the 3rd quarter. Violich Capital Management Inc. now owns 21,791 shares of the semiconductor manufacturer’s stock valued at $7,653,000 after acquiring an additional 4,511 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Price Performance

Shares of AVGO traded up $0.70 during mid-day trading on Wednesday, hitting $376.51. The company’s stock had a trading volume of 17,978,078 shares, compared to its average volume of 25,119,090. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The firm has a 50-day moving average price of $372.22 and a 200 day moving average price of $381.78. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 48.09 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS 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 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.69 earnings per share. On average, research analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

The business 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom’s payout ratio is presently 33.21%.

Insider Activity

In other news, insider Mark Brazeal sold 25,000 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the sale, the insider directly owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AVGO shares. Bank of America decreased their price target on Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Truist Financial lowered their target price on shares of Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. BNP Paribas Exane boosted their price target on shares of Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Broadcom in a research note on Monday, September 21st. Finally, Jefferies Financial Group initiated coverage on shares of Broadcom in a report on Thursday, September 3rd. They issued a “buy” rating and a $550.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $527.20.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI growth narrative remains the primary catalyst. Reports highlighted projected AI semiconductor revenue of approximately $58 billion in 2026, $115 billion in 2027, and $230 billion in 2028, supported by custom accelerators and networking demand from major cloud customers. Broadcom AI financing plan article
• Positive Sentiment: The company’s reported financing plans for Anthropic—including potentially tens of billions of dollars in loans and chip-leasing arrangements—could help customers fund large AI deployments and expand Broadcom’s future chip sales. Separate reporting that Oracle, Broadcom, and SpaceX are seeking multibillion-dollar debt deals underscores the scale of AI infrastructure demand. AI chip debt financing article
• Positive Sentiment: CEO Hock Tan defended Broadcom’s roughly $350 billion AI opportunity, arguing that inference-focused customer relationships support continued demand even as some industry participants call for slower frontier-AI development. Analysts and bullish investors also point to potential earnings growth of 71% in fiscal 2026 and 66% in fiscal 2027. Broadcom CEO AI outlook article
• Positive Sentiment: Unusually heavy call-option activity and Cathie Wood’s reported $13 million purchase provided additional bullish sentiment. Marvell Technology’s aggressive custom-chip outlook also reinforces the broader market case for custom AI silicon, an area where Broadcom is a leading supplier. Cathie Wood Broadcom purchase article
• Neutral Sentiment: Technical analysts describe a bullish reversal with a possible path toward the prior $495 high, but this is market commentary rather than a fundamental change in Broadcom’s business. Broadcom price forecast article
• Negative Sentiment: Investors remain concerned that Broadcom’s AI financing arrangements could create “circular financing” or credit exposure if customers rely on debt and leasing to purchase its chips. The stock’s elevated valuation also leaves limited room for weaker AI spending or execution.

Broadcom 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.