Broadcom Inc. $AVGO Stock Position Increased by Park National Corp OH

Park National Corp OH lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 21.3% in the third quarter, HoldingsChannel.com reports. The fund owned 84,676 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,843 shares during the period. Park National Corp OH’s holdings in Broadcom were worth $29,737,000 as of its most recent filing with the Securities & Exchange Commission.

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

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Reported Anthropic financing and chip demand: Broadcom reportedly agreed to provide up to $42 billion in financing to Anthropic, potentially supporting purchases of Broadcom’s AI chips and custom silicon. The arrangement has helped fuel optimism about a major customer relationship and future revenue. Broadcom Stock Jumps Following Reported $42 Billion Financing Deal With Anthropic
• Positive Sentiment: AI revenue momentum remains exceptional: Fiscal third-quarter AI semiconductor revenue reportedly reached $16.7 billion, up 221% year over year, while management’s fourth-quarter guidance calls for $21.7 billion, or 236% growth. Investors view these figures as evidence that AI networking and custom-chip demand is still expanding rapidly. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Positive Sentiment: Long-term growth expectations are bullish: Analysts and financial commentators expect Broadcom’s AI revenue could double in both 2027 and 2028, while custom chips are becoming increasingly important to data-center operators. Morgan Stanley also reportedly considers Broadcom relatively protected from current AI power-related supply-chain constraints.
• Positive Sentiment: Cash generation and scale support shareholder returns: Broadcom’s strong cash flow is viewed as sufficient to support its dividend, while its revenue growth has significantly outpaced Intel over recent quarters. Broadcom vs. Intel: What Revenue Trends Tell Investors
• Neutral Sentiment: Upcoming industry data may drive volatility: Taiwan Semiconductor’s October 15 results are expected to provide clues about AI-chip demand, manufacturing capacity, and spending trends relevant to Broadcom ahead of its next earnings report.
• Negative Sentiment: Financing structure raises concerns: The Anthropic arrangement could create “circular financing” risk because Broadcom is reportedly both funding the customer and supplying its chips. Investors may question credit exposure, the quality of demand, and whether purchases remain sustainable without financing support. Broadcom’s Massive $42 Billion Chip-Buying Deal with Anthropic Raises Circular Financing Worries
• Negative Sentiment: Valuation and concentration risks remain: Broadcom trades at a premium earnings multiple after its AI rally, while a growing reliance on a small number of powerful customers could increase bargaining pressure and make dividend growth more dependent on continued AI spending.

Insider Buying and Selling at Broadcom

In other news, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the sale, the director directly owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 51,890 shares of company stock worth $20,241,368. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. KeyCorp reiterated an “overweight” rating and issued a $575.00 price target on shares of Broadcom in a research report on Thursday, September 3rd. Dbs Bank raised shares of Broadcom to a “moderate buy” rating in a research report on Thursday, June 18th. Arete Research raised their target price on Broadcom from $488.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings downgraded Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Finally, Rosenblatt Securities assumed coverage on Broadcom in a research report on Thursday, September 3rd. They issued a “buy” rating and a $600.00 price target for the company. 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 company. According to MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus target price of $527.20.

Broadcom Price Performance

Shares of NASDAQ AVGO traded up $7.73 during mid-day trading on Monday, reaching $362.87. The company’s stock had a trading volume of 9,628,744 shares, compared to its average volume of 25,061,176. The firm has a market capitalization of $1.73 trillion, a PE ratio of 46.38 and a beta of 1.46. 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 stock has a fifty day moving average of $372.74 and a two-hundred day moving average of $381.07. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00.

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. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the prior year, the company posted $1.69 EPS. The firm’s revenue for the quarter was up 85.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 paid 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 dividend payout ratio (DPR) is presently 33.21%.

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.