Thurston Springer Miller Herd & Titak Inc. Sells 7,347 Shares of Broadcom Inc. $AVGO

Thurston Springer Miller Herd & Titak Inc. trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 80.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,809 shares of the semiconductor manufacturer’s stock after selling 7,347 shares during the quarter. Broadcom makes up 1.0% of Thurston Springer Miller Herd & Titak Inc.’s portfolio, making the stock its 10th biggest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Broadcom were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AVGO. First Citizens Bank & Trust Co. grew its position in shares of Broadcom by 36.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 214,690 shares of the semiconductor manufacturer’s stock valued at $72,162,000 after buying an additional 56,991 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in Broadcom by 10.1% in the third quarter. Focus Financial Network Inc. now owns 23,039 shares of the semiconductor manufacturer’s stock worth $7,370,000 after acquiring an additional 2,119 shares during the last quarter. Roberts Wealth Advisors LLC lifted its holdings in Broadcom by 2.7% in the third quarter. Roberts Wealth Advisors LLC now owns 1,738 shares of the semiconductor manufacturer’s stock worth $610,000 after acquiring an additional 45 shares during the last quarter. Citrine Capital LLC lifted its holdings in Broadcom by 4.3% in the third quarter. Citrine Capital LLC now owns 2,264 shares of the semiconductor manufacturer’s stock worth $795,000 after acquiring an additional 94 shares during the last quarter. Finally, Liberty Atlantic Advisors LLC bought a new position in Broadcom in the third quarter worth about $514,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Custom AI accelerators and networking remain major catalysts. Broadcom is benefiting as hyperscalers diversify beyond Nvidia and develop their own chips. Reports point to customer orders extending into 2028, while the company is preparing to launch an AI networking platform at the OCP Global Summit. One Stock Could Benefit as AI Spending Moves Beyond Nvidia Broadcom To Launch AI Networking Platform
• Positive Sentiment: Analysts and investors continue to see fundamental strength. Broadcom’s revenue growth, AI-chip revenue and long-term hyperscaler contracts are being cited as evidence that the market may be undervaluing the business. Erste Group modestly raised its fiscal 2027 EPS estimate to $17.59, although it retained a Hold rating. Broadcom is The Steady Hand The Market Keeps Discounting
• Positive Sentiment: VMware introduced HyperArmor, a security product designed to protect the ESX hypervisor within VMware Cloud Foundation. The launch supports Broadcom’s infrastructure-software strategy and could strengthen its enterprise offering. Broadcom Introduces VMware HyperArmor
• Neutral Sentiment: CEO Hock Tan’s comments have produced mixed signals. He described AI investing as resembling a “casino” and said capital availability—not memory chips—is the main constraint on AI expansion. The remarks highlight bubble and financing risks, but also suggest demand remains strong. Broadcom CEO Delivers Stark Warning on Artificial Intelligence
• Negative Sentiment: Investors are questioning whether AI demand is sufficient to justify AVGO’s valuation. A potential $50 billion debt deal raises concerns about leverage and funding requirements across the AI ecosystem, while enthusiasm has weakened after recent concerns about OpenAI’s revenue outlook. What a $50 Billion Debt Deal Could Mean for Broadcom Stock

Broadcom Stock Performance

NASDAQ:AVGO traded down $10.58 during mid-day trading on Wednesday, hitting $346.73. The stock had a trading volume of 9,215,361 shares, compared to its average volume of 24,920,906. The stock has a market capitalization of $1.66 trillion, a price-to-earnings ratio of 44.33 and a beta of 1.46. The company has a 50 day simple moving average of $369.27 and a 200-day simple moving average of $383.32. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. 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 (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $29.24 billion. During the same period in the prior year, the company posted $1.69 EPS. The business’s revenue for the quarter was up 85.5% compared to the same quarter last year. On average, research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on AVGO. Evercore set a $578.00 target price on Broadcom and gave the company an “outperform” rating in a report on Thursday, September 3rd. Bank of America dropped their price target on Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Rosenblatt Securities initiated coverage on Broadcom in a report on Thursday, September 3rd. They issued a “buy” rating and a $600.00 price target on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of Broadcom in a report on Thursday, September 3rd. Finally, TD Cowen restated a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and a consensus price target of $527.20.

About Broadcom

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.