Alphinity Investment Management Pty Ltd Acquires 59,659 Shares of Broadcom Inc. $AVGO

Key Points

• Alphinity Investment Management increased its Broadcom stake by 59,659 shares (an 8.4% rise) to 773,456 shares, valued at about $267.7 million and representing 2.7% of its portfolio (its 20th largest holding).
• Company insiders have sold a total of 324,282 shares (≈$106.4M) in the last 90 days, including March 17 sales by Mark David Brazeal (50,488) and S. Ram Velaga (38,841) at roughly $321.60 each, reducing their ownership stakes.
• Wall Street is largely bullish with several price-target increases (some up to $500) and a MarketBeat consensus of "Moderate Buy" with a $435.30 target; Broadcom recently beat Q1 EPS and revenue estimates (revenue +29.5% YoY) and pays a $0.65 quarterly dividend.

Alphinity Investment Management Pty Ltd grew its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 773,456 shares of the semiconductor manufacturer's stock after acquiring an additional 59,659 shares during the quarter. Broadcom accounts for 2.7% of Alphinity Investment Management Pty Ltd's portfolio, making the stock its 20th largest holding. Alphinity Investment Management Pty Ltd's holdings in Broadcom were worth $267,693,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AVGO. JCIC Asset Management Inc. bought a new stake in shares of Broadcom in the third quarter valued at approximately $31,000. Miller Global Investments LLC bought a new stake in shares of Broadcom in the fourth quarter valued at approximately $31,000. Manning & Napier Advisors LLC bought a new stake in shares of Broadcom in the third quarter valued at approximately $34,000. Family CFO Inc bought a new stake in shares of Broadcom in the fourth quarter valued at approximately $35,000. Finally, PayPay Securities Corp boosted its position in shares of Broadcom by 88.9% in the fourth quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock valued at $41,000 after acquiring an additional 56 shares during the period. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of Broadcom stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the transaction, the insider directly owned 278,141 shares of the company's stock, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider S. Ram Velaga sold 38,841 shares of Broadcom stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider directly owned 96,147 shares of the company's stock, valued at approximately $30,920,875.20. The trade was a 28.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 in the last ninety days. Insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citigroup increased their price objective on Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. raised their target price on Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, March 5th. Benchmark reaffirmed a "buy" rating and issued a $485.00 target price on shares of Broadcom in a research report on Thursday, March 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $500.00 target price on shares of Broadcom in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company raised Broadcom from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $410.00 to $430.00 in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Broadcom Stock Up 1.4%

Shares of NASDAQ AVGO opened at $405.45 on Thursday. The stock has a market cap of $1.92 trillion, a PE ratio of 79.19, a PEG ratio of 0.86 and a beta of 1.24. The business has a fifty day moving average of $345.69 and a two-hundred day moving average of $349.33. Broadcom Inc. has a 52-week low of $184.02 and a 52-week high of $429.31. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business's revenue was up 29.5% on a year-over-year basis. During the same period last year, the business earned $1.60 earnings per share. As a group, equities research analysts expect that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom's dividend payout ratio (DPR) is presently 50.78%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 AI revenue reportedly rose ~106% YoY; Broadcom is shipping Tomahawk 6 at scale and has a Meta chip pact targeting multi‑GW capacity — underpins revenue/margin upside from AI datacenter builds. AVGO Rides AI Boom: Explosive Growth in Semiconductor Fuels Outlook
• Positive Sentiment: Broadcom’s deeper ties to Google Cloud and the market reaction to Google’s custom AI chips have supported a market‑cap rally and reinforce Broadcom’s role in hyperscaler AI infrastructure. As Broadcom Deepens Its Google Cloud Ties, Should You Buy AVGO Stock?
• Positive Sentiment: Wall Street momentum: many bullish analyst takes and inclusion in AI‑focused stock lists are helping sentiment and buyer interest. High analyst buy ratios and bullish writeups support further upside expectations. The Street is Bullish on Broadcom Inc. (AVGO), Here’s What the Analysts Think About the Stock
• Neutral Sentiment: Analyst model tweaks are modestly higher (Erste slightly raised FY2026/27 EPS), but ratings remain mixed (some Holds), so upgrades are incremental rather than structural. MarketBeat AVGO Coverage / Analyst Notes
• Negative Sentiment: Market angst from reports that OpenAI missed internal targets has triggered short‑term selling across AI infrastructure names, including Broadcom — heightening sensitivity to AI capex cycles. Semiconductor Stocks Tumble on OpenAI Warning. Google Says The Market Has It All Wrong
• Negative Sentiment: Valuation concerns: several pieces argue investors are “pricing in perfection,” pointing to rich multiples and the risk of any slowdown in hyperscaler spending weighing on the stock. Broadcom: Investors Are Pricing In Perfection

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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