Broadcom Inc. $AVGO is Chapin Davis Inc.'s 5th Largest Position

Key Points

• Chapin Davis Inc. boosted its stake in Broadcom by 6.8% to 34,339 shares, making AVGO its 5th largest holding (about 2.8% of the fund) valued at roughly $11.89 million per the latest SEC filing.
• Analyst sentiment is largely positive with a consensus rating of "Moderate Buy" and a consensus price target of $435.30, alongside several recent upgrades and higher targets from firms like Truist, Wolfe and Zacks.
• Company insiders have been net sellers recently — about 324,282 shares sold in the past 90 days worth roughly $106.4 million — and insiders now own 1.9% of Broadcom stock.

Chapin Davis Inc. grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,339 shares of the semiconductor manufacturer's stock after buying an additional 2,198 shares during the period. Broadcom accounts for about 2.8% of Chapin Davis Inc.'s holdings, making the stock its 5th largest holding. Chapin Davis Inc.'s holdings in Broadcom were worth $11,885,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JCIC Asset Management Inc. purchased a new stake in Broadcom during the 3rd quarter worth about $31,000. Miller Global Investments LLC purchased a new stake in Broadcom during the 4th quarter worth about $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Broadcom during the 4th quarter worth about $33,000. Manning & Napier Advisors LLC purchased a new stake in Broadcom during the 3rd quarter worth about $34,000. Finally, Family CFO Inc purchased a new stake in Broadcom during the 4th quarter worth about $35,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on AVGO shares. Truist Financial lifted their price target on Broadcom from $510.00 to $545.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Wolfe Research raised Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 target price for the company in a report on Friday, January 30th. Zacks Research raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Citigroup boosted their target price on Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada reduced their target price on Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 36,292 shares of the business's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the transaction, the chief financial officer owned 327,760 shares in the company, valued at $105,407,616. The trade was a 9.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the business's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the transaction, the insider owned 278,141 shares in the company, valued at $89,450,145.60. This trade represents a 15.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 324,282 shares of company stock worth $106,425,249. Insiders own 1.90% of the company's stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management guidance and commentary continue to point to rapid AI-driven revenue growth, reinforcing the company’s core growth narrative and supporting premium multiples. MSN: Broadcom guidance reveals breakneck AI revenue growth TheStreet: Broadcom guidance reveals one signal
• Positive Sentiment: Broadcom is cited as a hyperscale customer in Corning’s large fiber/pipeline contracts, which signals sustained capital spending across data-center supply chains that benefits Broadcom’s infrastructure franchise. MarketBeat: Corning article referencing Broadcom
• Positive Sentiment: Product/integration momentum: Broadcom announced VMware Cloud Foundation 9.1 aimed at production AI infrastructure, underscoring the software + silicon positioning that can deepen customer relationships and recurring revenue. GlobeNewswire: VMware Cloud Foundation 9.1
• Neutral Sentiment: Analyst write-ups and screens (Zacks and other outlets) highlight AVGO as a trending/high‑ROE/dividend-growth name — bullish narratives that may already be priced in after recent gains. Zacks: AVGO trending stock
• Neutral Sentiment: Broadcom was part of a broader “hot chip” rally that pushed several names to 52‑week highs; sector momentum helps AVGO but also raises short‑term volatility and profit‑taking risk. MSN: 52-week highs amid hot chip rally
• Negative Sentiment: Technical/competitive risk: packaging and interposer dynamics in high‑end AI chips (e.g., alternatives like Intel’s EMIB approach) could shift design wins or cost structures in ways that affect share of wallet for certain ecosystem players. 247WallSt: AI chip packaging constraints / Intel EMIB

Broadcom Stock Down 0.4%

Broadcom stock opened at $425.44 on Thursday. Broadcom Inc. has a fifty-two week low of $198.43 and a fifty-two week high of $437.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The company has a market capitalization of $2.01 trillion, a P/E ratio of 83.09, a PEG ratio of 0.88 and a beta of 1.43. The stock has a 50-day simple moving average of $351.15 and a 200-day simple moving average of $350.83.

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

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom's payout ratio is 50.78%.

Broadcom 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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