Broadcom Inc. $AVGO is Westhampton Capital LLC's 2nd Largest Position

Key Points

• Westhampton Capital LLC trimmed its Broadcom stake by 4.8% to 27,360 shares, leaving AVGO as its 2nd-largest holding at roughly 4.5% of the fund (worth about $9.47 million).
• Broadcom beat expectations last quarter with $2.05 EPS vs. $2.03 expected and $19.31B revenue (up 29.5% YoY), and it pays a $0.65 quarterly dividend ($2.60 annual).
• Investor sentiment is buoyed by AI-driven demand and a software push (VMware Cloud Foundation 9.1) plus increased institutional buying, but AVGO faces valuation risk from high multiples and recent insider selling.

Westhampton Capital LLC cut its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,360 shares of the semiconductor manufacturer's stock after selling 1,366 shares during the period. Broadcom comprises approximately 4.5% of Westhampton Capital LLC's portfolio, making the stock its 2nd largest position. Westhampton Capital LLC's holdings in Broadcom were worth $9,469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Providence First Trust Co lifted its position in Broadcom by 1,099.3% in the third quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer's stock valued at $2,944,000 after acquiring an additional 8,179 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Broadcom by 3.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer's stock valued at $109,492,000 after buying an additional 10,786 shares during the last quarter. Lmcg Investments LLC raised its holdings in shares of Broadcom by 9.4% in the third quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer's stock valued at $12,854,000 after buying an additional 3,357 shares during the last quarter. Wright Investors Service Inc. raised its holdings in shares of Broadcom by 5.4% in the third quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer's stock valued at $13,909,000 after buying an additional 2,178 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Broadcom by 10.7% in the third quarter. Brown Brothers Harriman & Co. now owns 77,411 shares of the semiconductor manufacturer's stock valued at $25,539,000 after buying an additional 7,499 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Down 0.4%

NASDAQ AVGO opened at $425.44 on Thursday. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 83.09, a P/E/G ratio of 0.88 and a beta of 1.43. Broadcom Inc. has a 52-week low of $198.43 and a 52-week high of $437.68. The firm has a 50-day moving average price of $351.15 and a 200 day moving average price of $350.83. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

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

Broadcom Announces Dividend

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

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management guidance and commentary flagged very strong AI revenue growth, which lifted investor expectations for the company's near-term top-line and margin expansion. Broadcom guidance reveals breakneck AI revenue growth
• Positive Sentiment: Broadcom expanded its software/AI stack with VMware Cloud Foundation 9.1, positioning its infrastructure software as a bridge to production AI workloads — a revenue and sticky customer-benefit for AVGO beyond silicon. Broadcom Announces VMware Cloud Foundation 9.1
• Positive Sentiment: Institutional buying: Fisher Asset Management significantly increased its Broadcom stake, a bullish endorsement that can support the stock and signal confidence from large investors. Fisher Asset Management boosts Broadcom stake by 847,157 shares
• Positive Sentiment: Market momentum: AVGO is trading in a hot-chip rally that has pushed major peers to 52-week highs, reinforcing sector rotation into semiconductor and infrastructure names. MU, AVGO, MRVL stocks hit 52-week highs amid hot chip rally
• Positive Sentiment: Sector thesis: Analysts and columnists highlight the next AI phase favoring "pick-and-shovel" infrastructure providers (foundries, networking fabric, enterprise deployment tools) — a thematic tailwind for Broadcom's diversified portfolio. The Next Phase of the AI Boom Could Be Even Kinder to the Pick-and-Shovel Plays
• Neutral Sentiment: Supply-chain context: Coverage of Corning's big investments and hyperscale contracts (which mention Broadcom as a customer) underscores network/optical buildouts that support hyperscaler deployments — positive for sector demand but indirect for AVGO revenue timing. Light Speed Returns: Corning Cashes In on NVIDIA Growth (AVGO)
• Neutral Sentiment: Analyst/market write-ups (Zacks and others) are highlighting Broadcom as a trending, dividend-growth and high-ROE name — supportive for investor interest but less likely to move fundamentals immediately. Here is What to Know Beyond Why Broadcom Inc. (AVGO) is a Trending Stock
• Negative Sentiment: Competitive/technical risk: Industry discussion about advanced packaging alternatives (e.g., Intel EMIB) signals potential technology/packaging competition that could influence costs or design wins over time. AI Chip Packaging Constraints Create an Opening for Intel's EMIB Technology
• Negative Sentiment: Valuation risk: AVGO's rich multiples (high P/E) leave the stock sensitive to any slowdown or guidance miss, tempering upside despite strong headlines.

Insider Activity

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on AVGO shares. Mizuho reaffirmed an "outperform" rating and issued a $480.00 target price on shares of Broadcom in a report on Thursday, April 16th. Seaport Research Partners reaffirmed a "neutral" rating on shares of Broadcom in a report on Wednesday, April 8th. DA Davidson raised shares of Broadcom to a "hold" rating in a report on Friday, February 13th. Zacks Research raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Finally, Weiss Ratings downgraded Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

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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