Broadcom Inc. $AVGO Shares Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its stake in Broadcom by 7.5% to 1,556,723 shares (about $538.8M), which represents roughly 7.6% of the firm's portfolio and is its sixth largest holding.
• Insider selling was notable: CEO Hock E. Tan sold 70,000 shares (~$24.3M) and insiders sold 373,049 shares worth ~$123.0M in the last quarter, leaving insiders with 1.90% ownership.
• Broadcom beat quarterly expectations (EPS $2.05 vs. $2.03) with revenue up 29.5% YoY to $19.31B, carries a ~$1.49T market cap, and sits at a consensus analyst rating of "Moderate Buy" with a $435.30 price target.

Nisa Investment Advisors LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,556,723 shares of the semiconductor manufacturer's stock after buying an additional 109,241 shares during the period. Broadcom accounts for approximately 7.6% of Nisa Investment Advisors LLC's investment portfolio, making the stock its 6th largest holding. Nisa Investment Advisors LLC's holdings in Broadcom were worth $538,782,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AVGO. Miller Global Investments LLC bought a new position in shares of Broadcom during the fourth quarter worth about $31,000. JCIC Asset Management Inc. bought a new stake in Broadcom in the 3rd quarter valued at about $31,000. Teachers Insurance & Annuity Association of America bought a new stake in Broadcom in the 2nd quarter valued at about $28,000. Manning & Napier Advisors LLC acquired a new position in Broadcom during the 3rd quarter valued at about $34,000. Finally, Navigoe LLC boosted its stake in Broadcom by 515.0% during the 3rd quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock valued at $40,000 after purchasing an additional 103 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Insider Activity at Broadcom

In other news, CEO Hock E. Tan sold 70,000 shares of the company's stock in a transaction 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 $46,133,942.80. This represents a 34.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider S. Ram Velaga sold 38,841 shares of the firm'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 $12,491,265.60. Following the transaction, the insider directly owned 96,147 shares of the company's stock, valued at $30,920,875.20. This represents a 28.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 373,049 shares of company stock worth $123,024,715 in the last quarter. Company insiders own 1.90% of the company's stock.

Broadcom Price Performance

AVGO stock opened at $314.55 on Friday. The firm's 50-day moving average is $324.73 and its two-hundred day moving average is $343.04. The company has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 61.44, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61. 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 (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $19.10 billion. During the same period last year, the firm posted $1.60 earnings per share. The business's revenue was up 29.5% on a year-over-year basis. On average, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

AVGO has been the topic of several analyst reports. Mizuho set a $480.00 price target on shares of Broadcom and gave the company an "outperform" rating in a research note on Friday, January 9th. Rosenblatt Securities boosted their price objective on Broadcom from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $450.00 price objective on shares of Broadcom in a report on Monday, January 5th. Weiss Ratings restated a "buy (b)" rating on shares of Broadcom in a research report on Monday, December 29th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Broadcom in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Broadcom presently has an average rating of "Moderate Buy" and a consensus price target of $435.30.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Five‑year, $970M blanket purchase agreement with the Defense Information Systems Agency (DISA) via partner Carahsoft boosts recurring software/government revenue visibility and demonstrates Broadcom’s traction in public‑sector contracts. Broadcom (AVGO) and Carahsoft Announce $970M BPA with DISA
• Positive Sentiment: Appointment of Alphabet finance executive Amie Thuener as CFO (effective June 12) is framed as a governance/operational positive — adds Big Tech financial experience as Broadcom scales its AI chip and software businesses. Broadcom taps Alphabet executive Amie Thuener as next CFO
• Positive Sentiment: High‑profile investor support: reports that Ray Dalio remains bullish on Broadcom add institutional endorsement to the AI/software growth narrative. Broadcom Inc. (AVGO): Billionaire Ray Dalio Continues to Be Bullish
• Neutral Sentiment: Analyst and market commentary continues to emphasize Broadcom’s AI upside and long‑term moat, while noting the story is still early — supportive for sentiment but reliant on execution and product ramp. Broadcom's AI Story Is Still Early
• Negative Sentiment: Broker downgrade: Erste Group cut AVGO from "buy" to "hold," which can pressure flows and investor conviction in the near term. Finviz / coverage note
• Negative Sentiment: Insider selling: co‑founder Henry Samueli disclosed a record sale, drawing attention and potentially heightening investor caution about timing and valuation. What Henry Samueli’s Record Broadcom Sale Signals For AVGO Shareholders
• Negative Sentiment: Macro/sector risk: recent chip‑stock selloff tied to geopolitical tensions (Iran conflict, supply‑chain concerns) and a post‑earnings pullback (Zacks notes a ~5.5% decline since results) weigh on short‑term performance. Nvidia, Broadcom Drop as Chip Stocks Sell Off. Why War Is Hitting Them So Hard.

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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