Broadcom Inc. $AVGO Shares Sold by Watchtower Advisors LP

Key Points

• Watchtower Advisors LP trimmed its stake in Broadcom by 12.8% in Q3, selling 4,995 shares and leaving 33,955 shares worth about $11.2M, with Broadcom representing roughly 5.2% of the firm's portfolio (its 9th largest holding).
• Significant insider selling has occurred recently — CEO Hock E. Tan sold 130,000 shares and another insider sold 38,281 shares, with insiders offloading 458,785 shares worth about $155.5M in the past 90 days, leaving insider ownership near 1.9%.
• Broadcom posted an EPS and revenue beat with 29.5% YoY revenue growth and strong margins, declared a $0.65 quarterly dividend, and enjoys generally bullish analyst coverage (consensus "Moderate Buy" with an average target around $435).

Watchtower Advisors LP trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,955 shares of the semiconductor manufacturer's stock after selling 4,995 shares during the quarter. Broadcom comprises approximately 5.2% of Watchtower Advisors LP's investment portfolio, making the stock its 9th biggest position. Watchtower Advisors LP's holdings in Broadcom were worth $11,202,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new position in Broadcom in the 2nd quarter valued at about $27,000. Teachers Insurance & Annuity Association of America acquired a new stake in Broadcom during the second quarter worth approximately $28,000. New England Capital Financial Advisors LLC bought a new stake in shares of Broadcom during the second quarter worth approximately $31,000. JCIC Asset Management Inc. acquired a new position in shares of Broadcom in the third quarter valued at approximately $31,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Broadcom during the third quarter worth approximately $34,000. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 38,281 shares of the firm's stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total transaction of $12,542,769.65. Following the completion of the transaction, the insider owned 266,494 shares of the company's stock, valued at approximately $87,316,759.10. This trade represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 130,000 shares of the stock in a transaction on 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 of the company's stock, valued at $194,189,900.76. The trade was a 17.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 458,785 shares of company stock worth $155,508,157. 1.90% of the stock is currently owned by company insiders.

Broadcom Price Performance

Shares of AVGO stock opened at $341.57 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.62 trillion, a P/E ratio of 66.71, a P/E/G ratio of 0.79 and a beta of 1.22. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61. The business has a fifty day simple moving average of $333.44 and a 200 day simple moving average of $344.21.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results 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 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 was up 29.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, March 23rd. Broadcom's dividend payout ratio (DPR) is 50.78%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Company announced an industry‑first 3nm 400G/lane optical DSP (Taurus BCM83640) aimed at 1.6T transceivers and next‑gen AI networks — expands Broadcom’s addressable market in hyperscale optical interconnects. Broadcom Delivers Industry’s First 400G/lane Optical DSP
• Positive Sentiment: Reports highlight new high‑performance AI chips (including liquid‑cooled AI XPUs) and optics as drivers of today’s rally — these products support higher revenue visibility and stronger AI backlog conversion. Broadcom (AVGO) Is Up 7.6% After Liquid-Cooled AI XPUs And 400G Optics Push
• Positive Sentiment: Additional coverage notes a new powerful chip to address AI’s exploding data needs — reinforces Broadcom’s position in both compute and connectivity for datacenters. Broadcom debuts powerful chip to handle AI's exploding data needs
• Positive Sentiment: Analysts and boutiques are bullish post‑earnings: upgrades/raised targets (RBC, others) and buy ratings from firms like Aletheia lift sentiment and likely helped intraday buying. RBC Capital Markets Lifts Broadcom (AVGO) Price Target
• Neutral Sentiment: MarketBeat coverage emphasizes management’s stronger 2027 AI revenue outlook (line of sight to >$100B from chips) — a material long‑term catalyst but dependent on execution and customer pacing. Broadcom’s AI momentum could be far from over (MarketBeat)
• Neutral Sentiment: Sector/peer developments (Marvell’s strong results and guidance) confirm robust demand for custom silicon — good for industry demand but increases competition and investor dispersion across names. Marvell’s Big Earnings Win Could Be the Start of Something Bigger
• Neutral Sentiment: Several bullish research notes and thematic pieces (Zacks, Citi, Fool) reinforce long‑term momentum narratives — supportive for multiple sessions but not immediate drivers of fundamentals. Why Broadcom Inc. (AVGO) is a Top Momentum Stock for the Long-Term
• Negative Sentiment: Gross‑margin commentary remains a watch item: prior guidance flagged potential margin pressure from systems sales and rising memory prices — management has tried to allay concerns, but margin durability depends on pricing and component cost trends. Margin and memory‑price risk (MarketBeat summary)
• Neutral Sentiment: Short‑interest data in recent feeds is inconsistent/garbled (zeros/NaN) and appears not to be a meaningful driver of today’s move. No reliable short‑covering signal from that dataset.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AVGO. KeyCorp reaffirmed an "overweight" rating and issued a $500.00 price objective (up from $460.00) on shares of Broadcom in a report on Friday, December 12th. Citigroup raised their price target on shares of Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Royal Bank Of Canada dropped their price objective on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a research note on Monday, March 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Broadcom in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and an average target price of $435.30.

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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