Broadcom Inc. $AVGO Stock Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 468,632 shares of the semiconductor manufacturer’s stock after selling 168,775 shares during the period. Broadcom makes up about 2.7% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 14th largest holding. Montrusco Bolton Investments Inc.’s holdings in Broadcom were worth $164,579,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Financial Futures Ltd Liability Co. bought a new stake in shares of Broadcom during the 3rd quarter worth $205,000. First County Bank CT raised its position in shares of Broadcom by 5.0% during the third quarter. First County Bank CT now owns 12,241 shares of the semiconductor manufacturer’s stock worth $4,299,000 after purchasing an additional 584 shares during the period. Sage Capital Advisors llc raised its position in shares of Broadcom by 1.4% during the third quarter. Sage Capital Advisors llc now owns 15,303 shares of the semiconductor manufacturer’s stock worth $5,374,000 after purchasing an additional 204 shares during the period. McGlone Suttner Wealth Management Inc. raised its position in shares of Broadcom by 0.4% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 8,219 shares of the semiconductor manufacturer’s stock worth $2,886,000 after purchasing an additional 36 shares during the period. Finally, Steel Grove Capital Advisors LLC lifted its holdings in shares of Broadcom by 1.7% during the third quarter. Steel Grove Capital Advisors LLC now owns 5,580 shares of the semiconductor manufacturer’s stock valued at $1,960,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the subject of a number of recent analyst reports. Jefferies Financial Group started coverage on Broadcom in a research report on Thursday, September 3rd. They issued a “buy” rating and a $550.00 price target for the company. Dbs Bank upgraded Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. BMO Capital Markets upped their price objective on shares of Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Broadcom in a research note on Thursday, September 3rd. Finally, Piper Sandler started coverage on shares of Broadcom in a report on Wednesday, September 9th. They issued an “overweight” rating and a $460.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $527.20.

Broadcom Stock Up 0.7%

NASDAQ:AVGO traded up $2.58 during trading hours on Tuesday, hitting $357.31. 17,229,419 shares of the stock traded hands, compared to its average volume of 25,002,436. The firm has a 50 day moving average price of $370.49 and a 200 day moving average price of $383.05. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The firm has a market cap of $1.71 trillion, a price-to-earnings ratio of 45.63 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The company’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 earnings per share. Equities research analysts anticipate that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s payout ratio is presently 33.21%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI demand and custom-chip growth remain key bullish catalysts. Broadcom’s custom AI accelerators and networking products are supported by multiyear hyperscaler commitments, allowing it to participate in the AI market without competing directly with Nvidia’s general-purpose GPUs. Analysts also argue that Google’s increasing use of internally designed chips could create more demand for Broadcom’s engineering and manufacturing expertise. Broadcom Is Building an AI Business Unlike Nvidia’s Broadcom and Google’s Custom Chips
• Positive Sentiment: Management has highlighted continued AI momentum. CEO Hock Tan reportedly raised AI revenue guidance while describing Broadcom’s strategy as focused on disciplined, long-term customer relationships. The company’s VMware HyperArmor launch also expands its infrastructure-software offering by improving protection for VMware Cloud Foundation workloads, potentially supporting recurring software revenue. Broadcom Introduces VMware HyperArmor
• Neutral Sentiment: Capital availability is emerging as the principal AI bottleneck. Tan said the limiting factor may be financing data-center construction and infrastructure—not memory chips. This supports Broadcom’s long-term opportunity but also underscores that AI expansion depends on customers’ ability to sustain enormous capital spending. Broadcom CEO Warns of AI Capital Crunch
• Negative Sentiment: Tan’s “casino” comments reinforce bubble and valuation fears. His warning that many AI investors do not fully understand their exposure may encourage caution, even though Broadcom itself is benefiting from the spending boom.
• Negative Sentiment: Funding and sector risks are weighing on sentiment. Reports about Broadcom’s potential $42 billion financing arrangement tied to Anthropic raise questions about counterparty exposure and leverage. Separately, semiconductor-equipment shares are retreating after a strong year, signaling profit-taking across the AI trade. Broadcom’s $42 Billion Anthropic Financing Bet

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.