Broadcom Inc. $AVGO Shares Bought by Anson Funds Management LP

Key Points

• Anson Funds Management LP increased its Broadcom stake by 137.5% in Q3, buying 5,500 shares to hold 9,500 shares valued at about $3.13 million.
• Broadcom is doubling down on AI infrastructure — it’s shipping the world’s first 102.4 Tbps switch, projects a >$100B AI chip opportunity by 2027, and is supporting the story with active buybacks and bullish analyst targets (average $435.30).
• Despite a slight quarterly beat (EPS $2.05 vs $2.03) and strong margins, insiders have sold sizable positions (CEO Hock E. Tan sold 130,000 shares; CFO sold 30,000), and the stock trades at a high valuation (PE ~62.9).

Anson Funds Management LP grew its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 137.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,500 shares of the semiconductor manufacturer's stock after purchasing an additional 5,500 shares during the quarter. Anson Funds Management LP's holdings in Broadcom were worth $3,134,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock valued at $133,261,046,000 after purchasing an additional 6,222,802 shares during the period. State Street Corp increased its position in Broadcom by 0.5% during the second quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer's stock worth $51,071,601,000 after buying an additional 873,963 shares during the period. Geode Capital Management LLC increased its position in Broadcom by 2.1% during the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer's stock worth $29,827,649,000 after buying an additional 2,226,585 shares during the period. Norges Bank purchased a new stake in Broadcom in the second quarter valued at approximately $18,579,549,000. Finally, Invesco Ltd. boosted its holdings in shares of Broadcom by 1.8% in the third quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer's stock valued at $12,915,861,000 after acquiring an additional 700,021 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: Broadcom says it is now shipping the world’s first 102.4 Tbps switch in production volume, reinforcing its leadership in high‑performance networking for AI datacenters and supporting long‑term revenue potential from AI infrastructure. Broadcom Now Shipping World’s First 102.4 Tbps Switch in Production Volume
• Positive Sentiment: Wall Street remains constructive: Morgan Stanley raised its price target (keeps Overweight) and MarketBeat notes fresh analyst upside estimates after a strong quarter — supportive for medium‑term upside. Morgan Stanley Raises PT on Broadcom, Keeps Overweight Rating
• Positive Sentiment: Broadcom projects very large AI opportunity (>$100B target for AI chip revenue in 2027) and multiple bullish writeups argue AI momentum will drive strong cash flow and share gains versus peers. These projections fuel the bullish fundamental case. Broadcom (AVGO) Rises on AI Chip Sales Forecasts for 2027
• Positive Sentiment: Company is actively repurchasing stock (recent big quarterly buyback and a new $10B authorization), signaling management confidence and providing demand support for the share price. Berkshire, Broadcom & Nucor Are Reving Their Buyback Engines
• Neutral Sentiment: Broadcom showcased an end‑to‑end AI infrastructure portfolio at OFC 2026 (XPUs, optics, PCIe, etc.), a marketing/technical win that supports product breadth but has unclear short‑term revenue impact. Broadcom Showcases Industry-Leading Solutions for Scaling AI Infrastructure at OFC 2026
• Neutral Sentiment: Reported short‑interest data in filings appears anomalous/unstable (zero‑share entries), so it is not a reliable explanation for intraday moves. Market data / short interest
• Negative Sentiment: Critical analysis warns there’s a “catch” to the $100B AI vision — competition (Nvidia), execution risk, timing and margin assumptions could make that target hard to realize quickly; such skepticism can prompt selling by investors expecting immediate payoff. There's A Catch To Broadcom's $100B AI Vision
• Negative Sentiment: Macro/market factors (recent tech rotation, geopolitical and commodity‑driven volatility) and valuation concerns (high P/E versus peers after the run‑up) are increasing near‑term downside pressure as investors trim positions. Broadcom’s AI Momentum Could Be Far From Over

Insider Buying and Selling

In related news, CEO Hock E. Tan sold 130,000 shares of the firm's stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $326.02, for a total value of $42,382,600.00. Following the completion of the sale, the chief executive officer owned 595,638 shares in the company, valued at $194,189,900.76. This trade represents a 17.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kirsten M. Spears sold 30,000 shares of Broadcom stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total value of $10,434,600.00. Following the completion of the sale, the chief financial officer directly owned 277,237 shares in the company, valued at $96,428,573.34. This represents a 9.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 458,785 shares of company stock valued at $155,508,157 over the last ninety days. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AVGO shares. Royal Bank Of Canada cut their target price on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a report on Monday, March 2nd. Barclays reiterated an "overweight" rating and set a $500.00 price target (up from $450.00) on shares of Broadcom in a research note on Friday, December 12th. Mizuho set a $480.00 price objective on shares of Broadcom and gave the stock an "outperform" rating in a research report on Friday, January 9th. KeyCorp restated an "overweight" rating and issued a $500.00 price objective (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, DA Davidson raised shares of Broadcom to a "hold" rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Broadcom presently has an average rating of "Moderate Buy" and an average price target of $435.30.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $322.16 on Friday. The stock has a fifty day moving average price of $332.73 and a 200 day moving average price of $344.67. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The company has a market cap of $1.53 trillion, a PE ratio of 62.92, a P/E/G ratio of 0.74 and a beta of 1.22.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced 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. The company had revenue of $19.31 billion for 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%. Broadcom's revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

About Broadcom

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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