Broadcom Inc. $AVGO Stock Purchased by Sowell Financial Services LLC

24 Oct 2026, 13:42 by Michael Walen · The Markets Daily

Sowell Financial Services LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 54,883 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,465 shares during the quarter. Sowell Financial Services LLC’s holdings in Broadcom were worth $19,274,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. City State Bank lifted its position in Broadcom by 18.4% during the third quarter. City State Bank now owns 2,554 shares of the semiconductor manufacturer’s stock valued at $897,000 after purchasing an additional 396 shares during the last quarter. Atticus Wealth Management LLC increased its holdings in shares of Broadcom by 15.9% in the 3rd quarter. Atticus Wealth Management LLC now owns 10,530 shares of the semiconductor manufacturer’s stock worth $3,698,000 after buying an additional 1,445 shares during the last quarter. Bell Bank increased its holdings in shares of Broadcom by 2.4% in the 3rd quarter. Bell Bank now owns 22,457 shares of the semiconductor manufacturer’s stock worth $7,887,000 after buying an additional 518 shares during the last quarter. Eagle Harbor Asset Management Inc. ADV increased its holdings in shares of Broadcom by 1.2% in the 3rd quarter. Eagle Harbor Asset Management Inc. ADV now owns 15,296 shares of the semiconductor manufacturer’s stock worth $5,372,000 after buying an additional 180 shares during the last quarter. Finally, Benchmark Financial Wealth Advisors LLC raised its position in shares of Broadcom by 2.3% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 6,393 shares of the semiconductor manufacturer’s stock valued at $2,245,000 after buying an additional 141 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AVGO shares. Rosenblatt Securities initiated coverage on shares of Broadcom in a report on Thursday, September 3rd. They set a “buy” rating and a $600.00 price objective for the company. KeyCorp reissued an “overweight” rating and issued a $575.00 target price on shares of Broadcom in a research note on Thursday, September 3rd. Cantor Fitzgerald raised their price target on Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Piper Sandler began coverage on Broadcom in a research note on Wednesday, September 9th. They set an “overweight” rating and a $460.00 price target for the company. Finally, Citic Securities raised Broadcom to a “buy” rating and lifted their price target for the stock from $450.00 to $525.00 in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and an average price target of $529.17.

View Our Latest Stock Report on AVGO

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: ETF investors bought approximately $89.8 million of Broadcom shares on October 21, signaling continued institutional demand. Broadcom Sees $89.8 Million in Net ETF Buying
Positive Sentiment: Analysts continue to highlight Broadcom’s leadership in custom AI accelerators. Demand from major AI labs and hyperscalers, including Anthropic, OpenAI and Meta, supports management’s ambitious long-term AI semiconductor growth outlook. 3 Magnificent AI Chip Stocks
Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $600 price target, implying substantial upside from recent trading levels. Tigress Financial Broadcom Coverage
Positive Sentiment: Broadcom launched Arcot Scam Defense, a real-time fraud-detection feature for digital payments. Strong initial pilot results could create incremental growth for its software and security businesses. Broadcom Debuts Arcot Scam Defense
Neutral Sentiment: Broadcom remains the leading custom-chip design partner, but Alphabet is diversifying its TPU suppliers. Although Broadcom may lose market share, the overall AI accelerator market is expected to expand rapidly, potentially offsetting that loss. Broadcom AI Chip Business Risks
Negative Sentiment: Investors are worried that customer-owned chip design and increased competition from MediaTek could reduce Broadcom’s role and margins in future AI programs. Alphabet’s supplier diversification is the clearest near-term risk. Broadcom AI Chip Business Risks
Negative Sentiment: The broader market sell-off is weighing on AI stocks amid higher oil prices, inflation concerns and questions about whether massive data-center investments will generate sufficient returns. Technical commentary identifies the $320 area as an important support test. Broadcom Faces Critical $320 Test

Broadcom Price Performance

Shares of Broadcom stock opened at $321.68 on Friday. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 41.08 and a beta of 1.46. The company has a fifty day moving average of $356.05 and a 200-day moving average of $384.25. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.69 EPS. Equities research analysts expect that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio is presently 33.21%.

Broadcom Company Profile

(Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software products. Its semiconductor solutions support data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company’s semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.