Broadcom Inc. $AVGO is Hamlin Capital Management LLC's 3rd Largest Position

Key Points

• Hamlin Capital cut its stake in Broadcom by 22.8% in Q4 to 679,854 shares, leaving the stock as its 3rd-largest position worth about $235.3 million (≈5.6% of the fund).
• Broadcom beat expectations with $2.05 EPS vs. $2.03 and $19.31B revenue vs. $19.10B (revenue +29.5% YoY); the company has a $1.53T market cap and declared a $0.65 quarterly dividend ($2.60 annual, 0.8% yield).
• Analysts are largely bullish—average price target ~$435—citing AI opportunity and Tomahawk 6 shipments, but the stock faces headwinds from an EU antitrust complaint over VMware licensing and notable insider selling (428,970 shares sold in the last 90 days).

Hamlin Capital Management LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 679,854 shares of the semiconductor manufacturer's stock after selling 201,280 shares during the quarter. Broadcom makes up approximately 5.6% of Hamlin Capital Management LLC's portfolio, making the stock its 3rd biggest position. Hamlin Capital Management LLC's holdings in Broadcom were worth $235,297,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Miller Global Investments LLC acquired a new position in Broadcom during the 4th quarter worth approximately $31,000. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom in the 3rd quarter valued at $31,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Broadcom during the 2nd quarter worth $27,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Broadcom during the 2nd quarter worth $28,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Broadcom during the third quarter worth $34,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Stock Performance

NASDAQ AVGO opened at $322.51 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The company has a market capitalization of $1.53 trillion, a PE ratio of 62.99, a P/E/G ratio of 0.67 and a beta of 1.22. The company has a fifty day moving average of $329.84 and a two-hundred day moving average of $345.72.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $19.10 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The business's revenue was up 29.5% compared to the same quarter last year. As a group, analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom's payout ratio is 50.78%.

Analyst Ratings Changes

AVGO has been the topic of several recent analyst reports. Robert W. Baird set a $420.00 target price on Broadcom in a report on Friday, December 12th. DA Davidson raised Broadcom to a "hold" rating in a research report on Friday, February 13th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $475.00 price objective (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Weiss Ratings reissued a "buy (b)" rating on shares of Broadcom in a research report on Monday, December 29th. Finally, Piper Sandler restated an "overweight" rating and set a $430.00 target price (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $435.30.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 70,000 shares of the business's stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total value of $24,311,000.00. Following the completion of the sale, the chief executive officer owned 132,836 shares in the company, valued at approximately $46,133,942.80. The trade was a 34.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider S. Ram Velaga sold 38,841 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 96,147 shares of the company's stock, valued at $30,920,875.20. The trade was a 28.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 428,970 shares of company stock valued at $142,585,321 over the last 90 days. 1.90% of the stock is owned by insiders.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Bernstein upgraded Broadcom on AI opportunity, triggering fresh buying interest and price momentum as investors price in larger AI content per data‑center GW. Broadcom (AVGO) Stock Surges Nearly 5% on Bernstein’s Bullish AI Upgrade
• Positive Sentiment: Analysts have been reiterating bullish views and high price targets (e.g., Cantor Fitzgerald’s Overweight/$525 PT) after Broadcom’s strong quarter and upbeat guidance, reinforcing investor conviction on AI and networking growth. What Street Thinks About Broadcom Inc. (AVGO)
• Positive Sentiment: Operational execution: Broadcom has begun volume shipments of its Tomahawk 6 switch chip and expanded its AI infrastructure roadmap (3.5D XPU, 102.4T switch), supporting the company’s large AI revenue thesis and capacity wins with major cloud/LLM customers. Broadcom Inc. (AVGO) Commences Volume Shipping of Tomahawk 6 Chip to Scale AI Networks
• Neutral Sentiment: Broadcom launched Symantec CBX (Carbon Black XDR) to combine Symantec and Carbon Black capabilities — a strategic move in security software that broadens recurring‑revenue exposure but is less material to near‑term AI chip revenue. Broadcom Introduces Symantec CBX
• Negative Sentiment: Regulatory risk: European cloud providers filed an antitrust complaint over Broadcom’s VMware licensing changes, which could lead to inquiries, fines, or commercial constraints in EU cloud markets and add execution uncertainty. EU Antitrust Complaint Puts Broadcom VMware Licensing Strategy Under Spotlight

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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