Broadcom Inc. $AVGO Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada trimmed its Broadcom stake by 7.2% in Q4, selling 29,813 shares and leaving 385,186 shares worth about $133.3 million (Broadcom is its 28th largest holding).
• Large insider sales were reported — CFO Kirsten M. Spears sold 36,292 shares and Mark D. Brazeal sold 50,488 shares on March 17, and insiders have sold 324,282 shares (~$106.4 million) over the past 90 days while owning roughly 1.9% of the stock.
• Fundamentals and sentiment remain strong: Broadcom beat Q results (EPS $2.05, revenue $19.31B, revenue +29.5% YoY), has ~ $1.98–$2.0T market cap, deepening AI partnerships with Meta and Google, and a “Moderate Buy” analyst consensus with an average target around $435.30.

TD Waterhouse Canada Inc. lessened its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 385,186 shares of the semiconductor manufacturer's stock after selling 29,813 shares during the quarter. Broadcom makes up about 0.8% of TD Waterhouse Canada Inc.'s holdings, making the stock its 28th largest position. TD Waterhouse Canada Inc.'s holdings in Broadcom were worth $133,274,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Baring Financial LLC increased its holdings in Broadcom by 2.2% in the fourth quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer's stock valued at $470,000 after buying an additional 29 shares during the last quarter. Five Oceans Advisors grew its holdings in shares of Broadcom by 0.4% during the fourth quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer's stock worth $2,835,000 after buying an additional 29 shares during the last quarter. Jackson Hole Capital Partners LLC grew its holdings in shares of Broadcom by 1.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer's stock worth $716,000 after buying an additional 30 shares during the last quarter. Private Wealth Partners LLC grew its holdings in shares of Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock worth $1,410,000 after buying an additional 30 shares during the last quarter. Finally, Planning Alternatives Ltd. ADV lifted its position in Broadcom by 1.4% in the third quarter. Planning Alternatives Ltd. ADV now owns 2,168 shares of the semiconductor manufacturer's stock valued at $715,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $418.20 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 81.68, a PEG ratio of 0.87 and a beta of 1.24. The firm's fifty day simple moving average is $342.90 and its 200 day simple moving average is $348.41. Broadcom Inc. has a twelve month low of $184.02 and a twelve month high of $429.31.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion for 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 business's quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 EPS. As a group, equities research analysts expect that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.6%. Broadcom's payout ratio is currently 50.78%.

Insider Activity

In other news, CFO Kirsten M. Spears sold 36,292 shares of the company'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 $11,671,507.20. Following the sale, the chief financial officer owned 327,760 shares in the company, valued at approximately $105,407,616. This represents a 9.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the sale, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is owned by corporate insiders.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom deepened multi‑year, multi‑generation partnerships with Meta and expanded work with Google Cloud (custom AI silicon + cloud networking), strengthening revenue visibility from hyperscalers and bolstering AVGO’s AI growth narrative. Read More.
• Positive Sentiment: Coverage and price‑target upside: bullish research and bullish price‑target narratives (e.g., 247WallStreet’s $475/$558 bull case) feed investor expectations for continued upside and justify momentum buying. Read More.
• Positive Sentiment: Analyst / trade coverage and retail interest: pieces highlighting Broadcom as an AI “growth superstar” and mentions in “AI chip” leader lists keep the stock on buy lists and in thematic ETFs, supporting demand. Read More.
• Positive Sentiment: IBD technical framing: Broadcom is cited as “near buy zone” by IBD-style coverage — technical narratives can trigger momentum-driven inflows from traders. Read More.
• Neutral Sentiment: Sector tailwinds: multiple industry roundup pieces list AVGO among top AI semiconductor plays (alongside NVDA, MU), highlighting structural demand but not changing fundamentals immediately. Such coverage keeps AVGO in thematic funds. Read More.
• Neutral Sentiment: ETF / momentum context: mentions in ETF strategy stories (JPMorgan active bench, momentum ETFs) indicate flows into tech/momentum buckets could benefit AVGO, but effects depend on index/ETF rebalancings. Read More. and Read More.
• Negative Sentiment: Short‑term pull vs. market: a Zacks note flagged AVGO’s decline amid a broader market uptick — suggesting profit‑taking or sector rotation pressured the stock despite positive company news. Read More.
• Negative Sentiment: Valuation caution: coverage noting a stretched valuation and rich multiples vs. near‑term fundamentals raises the risk of sharper pullbacks if AI demand or margins disappoint. Read More.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AVGO shares. Zacks Research upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. Benchmark reiterated a "buy" rating and set a $485.00 price target on shares of Broadcom in a research report on Thursday, March 5th. Citigroup lifted their price objective on Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Wolfe Research upgraded Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a research report on Friday, January 30th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $435.30.

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.