PFW Advisors LLC Acquires 2,046 Shares of Broadcom Inc. $AVGO

PFW Advisors LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO) by 34.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,036 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,046 shares during the quarter. Broadcom accounts for about 0.8% of PFW Advisors LLC’s holdings, making the stock its 24th biggest position. PFW Advisors LLC’s holdings in Broadcom were worth $2,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Strong Retirement Solutions LLC lifted its position in shares of Broadcom by 3.7% in the third quarter. Strong Retirement Solutions LLC now owns 13,492 shares of the semiconductor manufacturer’s stock valued at $4,738,000 after buying an additional 480 shares during the last quarter. Crumly & Associates Inc. increased its holdings in shares of Broadcom by 1.0% during the 3rd quarter. Crumly & Associates Inc. now owns 10,451 shares of the semiconductor manufacturer’s stock worth $3,670,000 after acquiring an additional 104 shares during the last quarter. First Community Trust NA raised its stake in Broadcom by 15.8% in the 3rd quarter. First Community Trust NA now owns 6,916 shares of the semiconductor manufacturer’s stock valued at $2,429,000 after acquiring an additional 945 shares during the period. Weaver Consulting Group lifted its holdings in Broadcom by 9.9% during the 3rd quarter. Weaver Consulting Group now owns 4,160 shares of the semiconductor manufacturer’s stock valued at $1,461,000 after purchasing an additional 375 shares during the last quarter. Finally, Stewardship Concepts Financial Services LLC bought a new position in shares of Broadcom in the third quarter valued at about $209,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI revenue reportedly grew 221% year over year, reinforcing its position as a leading supplier of custom AI accelerators and networking equipment. Analysts argue that custom chips could become a larger and more durable opportunity than general-purpose GPUs as hyperscalers seek improved power efficiency and workload optimization. Broadcom’s AI Revenue Is Growing at 221%
• Positive Sentiment: Marvell Technology’s ambitious custom-AI-chip outlook is a positive read-through for Broadcom, which competes for hyperscaler ASIC and networking projects. Marvell’s investor-day targets and emphasis on custom silicon helped lift sentiment across the segment. Marvell Rallies as Custom AI Silicon Gains Attention
• Positive Sentiment: Unusually heavy call-option activity, a reported $13 million Broadcom purchase by Cathie Wood, and bullish comparisons with Nvidia indicate continued institutional and retail interest in AVGO’s AI growth prospects. Cathie Wood Just Bought Broadcom Stock
• Neutral Sentiment: Morgan Stanley believes Broadcom and Nvidia may be relatively protected from a potential U.S. data-center power shortage, although constrained electricity could still slow the broader AI infrastructure buildout. Nvidia and Broadcom May Be Protected From AI Power Shortage
• Negative Sentiment: Investor skepticism remains the main overhang: some coverage questions whether strong AI results are already priced in and highlights concerns about circular financing linked to Anthropic, hyperscaler dependence and the stock’s tendency to disappoint after earnings beats. These risks help explain why AVGO has not been consistently rewarded for its operating performance. Broadcom: When The Story And The Stock Disagree

Wall Street Analyst Weigh In

AVGO has been the subject of several research reports. Royal Bank Of Canada started coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set an “outperform” rating for the company. Bank of America dropped their price target on Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. TD Cowen restated a “buy” rating and issued a $475.00 price target (down from $500.00) on shares of Broadcom in a research note on Thursday, September 3rd. Dbs Bank raised Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. Finally, Citic Securities raised Broadcom to a “buy” rating and lifted their target price for the stock from $450.00 to $525.00 in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus price target of $527.20.

Broadcom Price Performance

Shares of NASDAQ AVGO traded down $2.27 during midday trading on Wednesday, reaching $373.55. The company’s stock had a trading volume of 8,250,483 shares, compared to its average volume of 25,066,063. The company has a market cap of $1.78 trillion, a P/E ratio of 47.73 and a beta of 1.46. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two 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. The business’s 50 day moving average price is $372.22 and its two-hundred day moving average price is $381.78.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.10. The firm had revenue of $29.59 billion for 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 was up 85.5% on a year-over-year basis. During the same quarter last year, the company earned $1.69 EPS. On average, analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Insider Activity at Broadcom

In related news, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.90% of the company’s stock.

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.