Broadcom Inc. $AVGO Shares Sold by Assetmark Inc.

Key Points

• Assetmark Inc. trimmed its stake in Broadcom by 0.9%, selling 14,904 shares and leaving it with 1,591,707 shares worth about $550.9 million, making Broadcom its 19th largest holding.
• Other institutions aggressively increased exposure—Arrowstreet up 499.4% and Nordea up 47.5%—helping lift institutional ownership to 76.43%, signaling strong demand from large investors.
• Analysts are broadly positive (average rating: Moderate Buy, average price target $435.30) after a slight EPS beat and 29.5% revenue growth, though insiders have been net sellers (324,282 shares sold last quarter).

Assetmark Inc. cut its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,591,707 shares of the semiconductor manufacturer's stock after selling 14,904 shares during the quarter. Broadcom comprises about 1.1% of Assetmark Inc.'s investment portfolio, making the stock its 19th biggest holding. Assetmark Inc.'s holdings in Broadcom were worth $550,890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew 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 buying an additional 4,694,313 shares in the last quarter. Nordea Investment Management AB lifted its stake in Broadcom by 47.5% in the 4th quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer's stock worth $3,406,211,000 after acquiring an additional 3,160,586 shares in the last quarter. Danske Bank A S purchased a new stake in Broadcom in the 3rd quarter worth about $987,488,000. Massachusetts Financial Services Co. MA boosted its position in Broadcom by 41.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer's stock worth $2,811,046,000 after acquiring an additional 2,503,304 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position 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 worth $332,714,000 after acquiring an additional 1,919,017 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and issued a $485.00 price target on shares of Broadcom in a research note on Thursday, March 5th. Royal Bank Of Canada reduced their price objective on Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a research report on Monday, March 2nd. DA Davidson raised Broadcom to a "hold" rating in a research report on Friday, February 13th. Zacks Research raised Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company upgraded Broadcom from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $435.30.

Insider Buying and Selling

In related news, Director Gayla J. Delly sold 1,000 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total transaction of $358,310.00. Following the completion of the transaction, the director directly owned 32,352 shares of the company's stock, valued at approximately $11,592,045.12. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 10,000 shares of the business's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total transaction of $3,452,300.00. Following the transaction, the insider owned 787,184 shares in the company, valued at $271,759,532.32. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is owned by company insiders.

Broadcom Trading Down 1.7%

Shares of Broadcom stock opened at $399.63 on Tuesday. Broadcom Inc. has a 52-week low of $161.61 and a 52-week high of $414.61. The firm has a market capitalization of $1.89 trillion, a PE ratio of 78.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.24. 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's fifty day moving average price is $334.48 and its two-hundred day moving average price is $345.69.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating 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 firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The company's revenue for the quarter was up 29.5% compared to the same quarter last year. On average, analysts expect that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a $0.65 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 50.78%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Continued hyperscaler deals and analyst praise reinforce Broadcom’s long-term AI infrastructure thesis — recent coverage highlights Broadcom’s expanding custom-AI pipeline (Meta, Google, Anthropic) and positions the company as a core AI-infrastructure play. How Software Powers Broadcom’s $2 Trillion AI Boom
• Positive Sentiment: Analyst commentary highlights Broadcom’s extended pact with Meta through 2029 as a structural revenue driver for AI infrastructure, supporting longer-term ETF and sector flows into companies tied to hyperscalers. The Zacks Analyst Blog Broadcom, Meta, IGM, QQQ and AIQ
• Positive Sentiment: Opinion pieces argue the Meta-Broadcom arrangement reduces hyperscaler dependence on NVIDIA and signals a strategic shift that could expand Broadcom’s addressable market for custom AI silicon and software. The Meta-Broadcom AI Chip Deal: A Shift From Nvidia Dependence, Not Displacement
• Neutral Sentiment: Macro/sector stories on the AI race (who could rival Apple by 2028) frame Broadcom as a major beneficiary of AI infrastructure demand, but these are thematic rather than firm-specific catalysts. Two AI giants that could rival Apple's market cap by 2028
• Negative Sentiment: Short-term selling pressure came after reports that Marvell is in talks to design AI chips for Google — that rumor helped Marvell rally and prompted some rotation out of Broadcom on fears of increased competition for hyperscaler deals. Marvell pops on report it will help Google with custom AI chips. Broadcom shares sink
• Negative Sentiment: Institutional trimming: Sumitomo Mitsui Trust reduced its Broadcom stake recently, which can add incremental near-term selling pressure even as strategic buyers remain active. Broadcom Inc. $AVGO is Sumitomo Mitsui Trust Group Inc.’s 6th Largest Position

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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