Broadcom Inc. $AVGO Shares Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 12.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,407 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,932 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Broadcom were worth $18,405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in shares of Broadcom in the 2nd quarter valued at $11,998,148,000. Bank of New York Mellon Corp purchased a new stake in Broadcom during the 2nd quarter worth $10,528,191,000. Jupiter Topco LLC purchased a new stake in Broadcom during the 2nd quarter worth $7,396,271,000. State Street Corp boosted its position in shares of Broadcom by 8.7% in the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock worth $75,367,711,000 after buying an additional 16,651,378 shares during the period. Finally, Deutsche Bank AG purchased a new stake in shares of Broadcom during the 2nd quarter valued at about $5,661,216,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AVGO shares. TD Cowen reaffirmed a “buy” rating and set a $475.00 price target (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Tigress Financial began coverage on shares of Broadcom in a report on Thursday, October 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. President Capital upped their price objective on shares of Broadcom from $520.00 to $546.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Rosenblatt Securities restated a “buy” rating and set a $600.00 target price on shares of Broadcom in a research note on Tuesday, October 27th. Finally, UBS Group lowered Broadcom from a “hold” rating to a “neutral” rating in a research report on Tuesday, October 27th. One 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $530.52.

Broadcom Stock Up 3.9%

Shares of NASDAQ:AVGO opened at $331.98 on Wednesday. The firm has a market cap of $1.58 trillion, a PE ratio of 42.40 and a beta of 1.49. The company has a fifty day simple moving average of $346.14 and a 200 day simple moving average of $366.16. 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 Inc. has a 12-month low of $289.77 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data 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 net margin of 42.94% and a return on equity of 48.33%. The firm had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the business earned $1.69 earnings per share. Broadcom’s quarterly revenue was up 85.5% on a year-over-year basis. On average, equities research analysts anticipate that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared 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 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio is presently 33.21%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Anthropic’s S-1 filing reportedly shows surging revenue and $131.8 billion in cash, strengthening confidence in its ability to support a large commitment to Broadcom. Broadcom’s connection to a $26 billion Anthropic placement also underscores its role in the AI supply chain. Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
• Positive Sentiment: Google’s projected $135 billion chip spending could benefit Broadcom’s custom-chip business, as large technology companies look beyond GPUs to develop their own AI processors. The Real Winner of Google’s $135 Billion Chip Forecast: Broadcom
• Positive Sentiment: Analysts point to Broadcom’s history of earnings surprises and factors they believe could support another quarterly beat. The next results are scheduled for December 9, making the report a near-term test of AI demand and investor expectations. Will Broadcom Beat Estimates Again?
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation’s Sandbox and is working on Kubernetes workload standards. This may strengthen VMware’s ecosystem and partner support, though the near-term financial impact is uncertain. Broadcom Contributes VM API Open Source Project to CNCF
• Negative Sentiment: Despite the rebound, investor concerns persist over margin pressure and a reported $63 billion financing structure. Broader worries about data-center investment, AI regulation and higher interest rates could also weigh on sentiment toward semiconductor stocks. Broadcom’s Margin and Financing Concerns

About Broadcom

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.