15,961 Broadcom Inc. $AVGO Shares Acquired by Nolet Wealth Management LLC

Nolet Wealth Management LLC raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 482.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,271 shares of the semiconductor manufacturer’s stock after purchasing an additional 15,961 shares during the quarter. Broadcom accounts for about 3.7% of Nolet Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Nolet Wealth Management LLC’s holdings in Broadcom were worth $6,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Networth Advisors LLC lifted its holdings in shares of Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. Core Capital Management & Research inc. bought a new position in Broadcom in the second quarter valued at $31,000. Harborfront Financial Group LLC bought a new position in Broadcom in the second quarter valued at $38,000. Coppell Advisory Solutions LLC purchased a new stake in Broadcom during the second quarter valued at about $60,000. Finally, IMG Wealth Management Inc. purchased a new stake in Broadcom during the second quarter valued at about $64,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

AVGO stock opened at $344.33 on Friday. The firm has a market cap of $1.64 trillion, a P/E ratio of 43.98 and a beta of 1.46. The firm’s fifty day moving average is $366.31 and its 200 day moving average is $383.89. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 earnings per share. Research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AVGO shares. Wall Street Zen lowered Broadcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. KeyCorp reiterated an “overweight” rating and set a $575.00 price objective on shares of Broadcom in a research report on Thursday, September 3rd. Arete Research raised their price objective on Broadcom from $488.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Evercore set a $578.00 target price on Broadcom and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, BNP Paribas Exane boosted their target price on Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. One equities research 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 stock. According to data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus price target of $527.20.

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.