Broadcom Inc. $AVGO Shares Sold by Keybank National Association OH

Key Points

• Keybank National Association OH trimmed its Broadcom stake by 2.3% in Q4, selling 40,302 shares and now holding 1,713,996 shares worth $593.2 million (2.1% of its portfolio and its ninth-largest position).
• Insiders sold heavily last quarter — 324,282 shares valued at about $106.4 million were sold, including Mark David Brazeal’s sale of 50,488 shares (~$16.24 million).
• Analysts remain broadly positive with a consensus rating of “Moderate Buy” and a $435.30 target; Broadcom reported a Q that beat EPS expectations ($2.05) with revenue up 29.5% year-over-year and a market cap near $2.01 trillion.

Keybank National Association OH lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,713,996 shares of the semiconductor manufacturer's stock after selling 40,302 shares during the period. Broadcom comprises 2.1% of Keybank National Association OH's portfolio, making the stock its 9th largest holding. Keybank National Association OH's holdings in Broadcom were worth $593,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Aries Wealth Management raised its position in shares of Broadcom by 11.3% in the fourth quarter. Aries Wealth Management now owns 4,348 shares of the semiconductor manufacturer's stock valued at $1,505,000 after buying an additional 443 shares during the last quarter. Carrera Capital Advisors raised its position in shares of Broadcom by 69.4% in the fourth quarter. Carrera Capital Advisors now owns 1,440 shares of the semiconductor manufacturer's stock valued at $498,000 after buying an additional 590 shares during the last quarter. AMG National Trust Bank raised its position in shares of Broadcom by 1.3% in the fourth quarter. AMG National Trust Bank now owns 19,404 shares of the semiconductor manufacturer's stock valued at $6,716,000 after buying an additional 255 shares during the last quarter. Capital Developers LLC acquired a new position in shares of Broadcom in the fourth quarter valued at approximately $404,000. Finally, Vest Financial LLC raised its position in shares of Broadcom by 6.6% in the fourth quarter. Vest Financial LLC now owns 124,041 shares of the semiconductor manufacturer's stock valued at $42,931,000 after buying an additional 7,733 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. DA Davidson raised shares of Broadcom to a "hold" rating in a research report on Friday, February 13th. Morgan Stanley boosted their price objective on shares of Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a research report on Friday, March 6th. Zacks Research raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. Seaport Research Partners reissued a "neutral" rating on shares of Broadcom in a research report on Wednesday, April 8th. Finally, Weiss Ratings lowered shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $435.30.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management guidance and commentary continue to point to rapid AI-driven revenue growth, reinforcing the company’s core growth narrative and supporting premium multiples. MSN: Broadcom guidance reveals breakneck AI revenue growth TheStreet: Broadcom guidance reveals one signal
• Positive Sentiment: Broadcom is cited as a hyperscale customer in Corning’s large fiber/pipeline contracts, which signals sustained capital spending across data-center supply chains that benefits Broadcom’s infrastructure franchise. MarketBeat: Corning article referencing Broadcom
• Positive Sentiment: Product/integration momentum: Broadcom announced VMware Cloud Foundation 9.1 aimed at production AI infrastructure, underscoring the software + silicon positioning that can deepen customer relationships and recurring revenue. GlobeNewswire: VMware Cloud Foundation 9.1
• Neutral Sentiment: Analyst write-ups and screens (Zacks and other outlets) highlight AVGO as a trending/high‑ROE/dividend-growth name — bullish narratives that may already be priced in after recent gains. Zacks: AVGO trending stock
• Neutral Sentiment: Broadcom was part of a broader “hot chip” rally that pushed several names to 52‑week highs; sector momentum helps AVGO but also raises short‑term volatility and profit‑taking risk. MSN: 52-week highs amid hot chip rally
• Negative Sentiment: Technical/competitive risk: packaging and interposer dynamics in high‑end AI chips (e.g., alternatives like Intel’s EMIB approach) could shift design wins or cost structures in ways that affect share of wallet for certain ecosystem players. 247WallSt: AI chip packaging constraints / Intel EMIB

Broadcom Stock Performance

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

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping 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 firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same quarter in the prior year, the business posted $1.60 earnings per share. Broadcom's revenue for the quarter was up 29.5% compared to the same quarter last year. Sell-side analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom's payout ratio is currently 50.78%.

Insider Activity at Broadcom

In other news, insider Mark David Brazeal sold 50,488 shares of the company's stock in a transaction on Tuesday, March 17th. The shares were 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 directly owned 278,141 shares in the company, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gayla J. Delly sold 1,000 shares of the company's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total transaction of $358,310.00. Following the completion of the transaction, the director owned 32,352 shares of the company's stock, valued at $11,592,045.12. This trade represents a 3.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 324,282 shares of company stock valued at $106,425,249 over the last quarter. Company insiders own 1.90% of the company's stock.

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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