Broadcom Inc. $AVGO Position Cut by Parcion Private Wealth LLC

Key Points

• Parcion Private Wealth LLC cut its Broadcom holding by 4.2% in Q4, selling 2,520 shares to end the quarter with 58,115 shares worth $20.114 million (0.9% of its portfolio, the firm's 19th largest position).
• Several large institutions materially increased stakes (e.g., Arrowstreet +499.4% to 5.63M shares; Nordea +47.5%; MFS +41.6%), leaving institutional ownership at 76.43% and a MarketBeat consensus of "Moderate Buy" with a ~$435.30 target.
• Broadcom has near‑term positive catalysts— a multi‑year AI infrastructure pact with Meta, expanded Google Cloud collaboration and a strong quarter (EPS $2.05, revenue +29.5%)—but faces a high valuation (PE ~82) and notable insider selling (~324,282 shares, ~$106M over three months).

Parcion Private Wealth LLC reduced its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,115 shares of the semiconductor manufacturer's stock after selling 2,520 shares during the quarter. Broadcom accounts for 0.9% of Parcion Private Wealth LLC's portfolio, making the stock its 19th largest position. Parcion Private Wealth LLC's holdings in Broadcom were worth $20,114,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Broadcom by 499.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer's stock valued at $1,858,789,000 after purchasing an additional 4,694,313 shares during the period. Nordea Investment Management AB lifted its holdings in Broadcom by 47.5% in the fourth quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer's stock worth $3,406,211,000 after purchasing an additional 3,160,586 shares during the period. Danske Bank A S bought a new position in Broadcom in the 3rd quarter valued at about $987,488,000. Massachusetts Financial Services Co. MA grew its position in Broadcom by 41.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer's stock valued at $2,811,046,000 after buying an additional 2,503,304 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Broadcom by 212.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,016,048 shares of the semiconductor manufacturer's stock valued at $332,714,000 after buying an additional 1,919,017 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Expanded Google Cloud collaboration — Broadcom expanded its Cloud Network Insights/network observability work (built on AppNeta), strengthening product penetration into multi‑cloud and hybrid enterprise networks and supporting recurring software revenue. Article Title
• Positive Sentiment: Multi‑year AI infrastructure deal with Meta — Broadcom and Meta announced a multi‑year partnership to support Meta’s AI infrastructure, reinforcing Broadcom’s exposure to hyperscaler capex for switches, networking and related software. Article Title
• Positive Sentiment: Analyst backing — Benchmark reiterated a Buy and $485 price target, citing the Meta partnership and AI demand as upside to Broadcom’s revenue and margin targets. Analyst support can bolster investor confidence and limit downside. Article Title
• Positive Sentiment: Enterprise AI platform expansion — Broadcom is extending AI capabilities via the VMware Tanzu platform (secure runtime for Autonomous AI), highlighting software and platform monetization beyond chips. Article Title
• Positive Sentiment: Institutional & insider interest — Recent filings show significant purchases by lawmakers and large holders (and notable stakes like Citadel), which can signal confidence from informed investors. Article Title
• Neutral Sentiment: Macro/earnings momentum — Coverage pieces highlight AVGO as one of a small group driving 2026 earnings growth (with NVDA), underlining strong estimate revisions but not an immediate catalyst by itself. Article Title
• Negative Sentiment: Valuation and profit‑taking risk — Separately, analysts and commentators question whether Broadcom’s rapid run (large YTD/1‑year gains) already prices in most growth, raising short‑term downside risk as investors lock in gains. Article Title

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent analyst reports. DA Davidson upgraded shares of Broadcom to a "hold" rating in a research report on Friday, February 13th. Citigroup increased their price objective on shares of Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a report on Thursday, March 5th. Zacks Research raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Bank of America cut their target price on Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, March 5th. Finally, Mizuho reaffirmed an "outperform" rating and set a $480.00 price target on shares of Broadcom in a research note on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Insider Buying and Selling

In other news, insider S. Ram Velaga sold 38,841 shares of the firm's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction 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. This trade represents a 28.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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. The trade was a 15.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 324,282 shares of company stock worth $106,425,249 over the last three months. Corporate insiders own 1.90% of the company's stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $419.94 on Friday. The company has a 50-day moving average of $339.09 and a 200-day moving average of $347.19. The firm has a market cap of $1.99 trillion, a price-to-earnings ratio of 82.02, a price-to-earnings-growth ratio of 0.87 and a beta of 1.24. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a twelve month low of $178.29 and a twelve month high of $429.31.

Broadcom (NASDAQ:AVGO - Get Free Report) last released 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 net margin of 36.57% and a return on equity of 38.61%. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same period in the previous year, the firm earned $1.60 EPS. The business's revenue for the quarter was up 29.5% on a year-over-year basis. Analysts forecast that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

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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