Broadcom Inc. $AVGO Stock Holdings Raised by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 70,921 shares of the semiconductor manufacturer’s stock after buying an additional 2,496 shares during the quarter. Broadcom comprises approximately 0.4% of International Assets Investment Management LLC’s investment portfolio, making the stock its 14th largest position. International Assets Investment Management LLC’s holdings in Broadcom were worth $24,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Core Capital Management & Research inc. purchased a new stake in Broadcom during the 2nd quarter valued at $31,000. DecisionPoint Financial LLC increased its holdings in shares of Broadcom by 101.9% in the 3rd quarter. DecisionPoint Financial LLC now owns 105 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 53 shares in the last quarter. Harborfront Financial Group LLC bought a new stake in shares of Broadcom in the 2nd quarter worth $38,000. Align Financial LLC raised its stake in shares of Broadcom by 67.2% in the third quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. Finally, Curry Webb Wealth Management LLC purchased a new position in shares of Broadcom in the third quarter worth $41,000. Institutional investors own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI semiconductor revenue is surging, and management sees significant growth potential over the next several years. One analysis argues that the market may not yet reflect that opportunity; another estimates the shares could be undervalued. Prediction: November Will Be a Huge Month for Broadcom Broadcom Stock Could Be 37% Undervalued
• Neutral Sentiment: Some coverage frames the recent pullback as a potential turning point, with a widening gap between AI business growth and the share-price trend. Whether fundamentals prompt a recovery remains uncertain. Broadcom Stock Could Be Approaching a Major Turning Point
• Negative Sentiment: Near-term risks include the broad AI-chip selloff and worries that higher interest rates could curb AI spending. Potential limits on new data-center permits in some states add uncertainty about future infrastructure buildouts. Broadcom’s AI Revenue Is Exploding. Here’s What Investors Should Watch Next. Broadcom Drops Amid Broad Chip Selloff
• Negative Sentiment: Investor positioning has also weighed on sentiment: ARK sold a large Broadcom holding during the selloff while buying Nvidia. Broadcom is still down sharply over the past month, despite the recent lift. ARK Buys Nvidia and Sells Broadcom Broadcom Is Still Down 22% in the Past Month

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AVGO shares. President Capital upped their price target on Broadcom from $520.00 to $546.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. UBS Group downgraded Broadcom from a “hold” rating to a “neutral” rating in a report on Tuesday, October 27th. HC Wainwright assumed coverage on Broadcom in a report on Tuesday, October 27th. They issued a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating and issued a $505.00 target price (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Broadcom in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $530.52.

Broadcom Price Performance

NASDAQ AVGO opened at $293.69 on Monday. The company has a market capitalization of $1.40 trillion, a PE ratio of 37.51 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The business’s fifty day moving average is $347.89 and its 200 day moving average is $366.17. Broadcom Inc. has a fifty-two week low of $289.77 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (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 return on equity of 48.33% and a net margin of 42.94%. Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.69 earnings per share. Sell-side analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s payout ratio is presently 33.21%.

Broadcom 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.