Broadcom Inc. $AVGO Shares Sold by Middleton & Co. Inc. MA

Key Points

• Middleton & Co. Inc. MA trimmed its Broadcom stake by 4.1% in Q4, selling 5,524 shares and leaving 129,324 shares valued at $44.76M, with Broadcom accounting for about 4.8% of its portfolio (its 4th largest holding).
• Analysts remain broadly positive: MarketBeat shows a consensus rating of "Moderate Buy" with a $435.30 target, and several firms recently raised targets (e.g., JPMorgan $500, Benchmark $485, Mizuho $480).
• Broadcom posted a Q4 beat (EPS $2.05 vs. $2.03; revenue $19.31B, +29.5% y/y) and faces bullish AI-related catalysts (VMware Cloud Foundation 9.1, strong chip demand), though insiders have been net sellers and the stock can be volatile.

Middleton & Co. Inc. MA lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,324 shares of the semiconductor manufacturer's stock after selling 5,524 shares during the quarter. Broadcom accounts for about 4.8% of Middleton & Co. Inc. MA's investment portfolio, making the stock its 4th largest holding. Middleton & Co. Inc. MA's holdings in Broadcom were worth $44,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Miller Global Investments LLC acquired a new stake in shares of Broadcom in the fourth quarter valued at about $31,000. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom in the third quarter valued at about $31,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Broadcom in the fourth quarter valued at about $33,000. Family CFO Inc acquired a new stake in shares of Broadcom in the fourth quarter valued at about $35,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Broadcom in the third quarter valued at about $34,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of recent research reports. Weiss Ratings lowered Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, April 24th. Wells Fargo & Company upgraded Broadcom from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $410.00 to $430.00 in a research note on Thursday, January 15th. JPMorgan Chase & Co. increased their target price on Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday, March 5th. Mizuho restated an "outperform" rating and set a $480.00 target price on shares of Broadcom in a research note on Thursday, April 16th. Finally, Benchmark restated a "buy" rating and set a $485.00 target price on shares of Broadcom in a research note on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Broadcom has an average rating of "Moderate Buy" and a consensus price target of $435.30.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom announced VMware Cloud Foundation 9.1, positioning AVGO to capture more spend tied to production AI infrastructure (software + hardware stack synergy could improve enterprise contract value). Broadcom Announces VMware Cloud Foundation 9.1
• Positive Sentiment: Bernstein commentary that AI agent demand is “off the charts” supports upside for leading chip suppliers, a bullish demand signal that benefits Broadcom’s data-center and AI infrastructure businesses. Bernstein Analyst: AI Agents Drive Chip Demand ‘Off the Charts'
• Positive Sentiment: Multiple outlets highlight Broadcom as an AI beneficiary (Zacks, Yahoo, Seeking Alpha), reinforcing positive sentiment and analyst interest that can lift the stock on flows and upgrades. Broadcom Inc. (AVGO) is an Incredible Growth Stock: 3 Reasons Why
• Neutral Sentiment: Sector and ETF momentum (strong gains in semiconductor/AI ETFs) is amplifying flows into leading chip names, which can lift AVGO even without company-specific catalysts. Up 160% in One Month, This AI ETF Can Still 5X
• Neutral Sentiment: Broadcom set its Q2 FY2026 earnings release date (June 3); the scheduled report keeps attention on upcoming guidance and could sustain trading volume. Broadcom Inc. to Announce Second Quarter Fiscal Year 2026 Financial Results on Wednesday, June 3, 2026
• Negative Sentiment: Recent coverage noted a prior intraday dip where AVGO fell more than the broader market — a reminder of volatility and that shares can swing on short-term profit-taking. Why Broadcom Inc. (AVGO) Dipped More Than Broader Market Today

Broadcom Price Performance

Shares of AVGO stock opened at $427.38 on Wednesday. The firm has a market cap of $2.02 trillion, a P/E ratio of 83.47, a P/E/G ratio of 0.86 and a beta of 1.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. Broadcom Inc. has a 1-year low of $195.94 and a 1-year high of $433.39. The firm has a fifty day moving average of $349.25 and a two-hundred day moving average of $350.33.

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 for the quarter, topping the consensus estimate of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the business earned $1.60 EPS. As a group, research analysts anticipate that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's dividend payout ratio (DPR) is currently 50.78%.

Insider Activity at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 39,116 shares of the firm's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the completion of the transaction, the insider directly owned 74,626 shares of the company's stock, valued at $24,000,467.86. This trade represents a 34.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 50,488 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 $16,236,940.80. Following the transaction, the insider directly owned 278,141 shares of the company's stock, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 324,282 shares of company stock valued at $106,425,249 in the last 90 days. 1.90% of the stock is currently owned by insiders.

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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