Woodmont Investment Counsel LLC lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,641 shares of the semiconductor manufacturer's stock after selling 5,664 shares during the quarter. Broadcom accounts for approximately 2.4% of Woodmont Investment Counsel LLC's investment portfolio, making the stock its 7th largest position. Woodmont Investment Counsel LLC's holdings in Broadcom were worth $37,601,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of Broadcom by 1.8% in the 3rd quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer's stock worth $12,915,861,000 after purchasing an additional 700,021 shares in the last quarter. Legal & General Group Plc lifted its stake in Broadcom by 2.3% during the third quarter. Legal & General Group Plc now owns 33,450,786 shares of the semiconductor manufacturer's stock valued at $11,035,749,000 after purchasing an additional 748,709 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Broadcom by 4.0% during the third quarter. Franklin Resources Inc. now owns 29,511,195 shares of the semiconductor manufacturer's stock worth $9,736,038,000 after buying an additional 1,124,590 shares in the last quarter. Amundi grew its position in Broadcom by 3.3% in the third quarter. Amundi now owns 22,216,816 shares of the semiconductor manufacturer's stock worth $7,453,320,000 after buying an additional 716,523 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Broadcom by 1.9% in the third quarter. Fisher Asset Management LLC now owns 12,611,740 shares of the semiconductor manufacturer's stock worth $4,160,740,000 after buying an additional 237,295 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.
Broadcom Price Performance
AVGO opened at $379.81 on Tuesday. The stock has a fifty day moving average of $327.15 and a 200-day moving average of $343.46. The firm has a market capitalization of $1.80 trillion, a P/E ratio of 74.18, a PEG ratio of 0.77 and a beta of 1.24. Broadcom Inc. has a 12-month low of $161.61 and a 12-month high of $414.61. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.
Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.Broadcom's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. Equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.
Broadcom Announces Dividend
The firm also recently announced 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 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's payout ratio is 50.78%.
Insiders Place Their Bets
In related news, insider Mark David Brazeal sold 50,488 shares of the business's stock in a transaction that occurred on 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 transaction, the insider directly owned 278,141 shares of the company's stock, valued at approximately $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 316,282 shares of company stock worth $103,461,089 over the last quarter. Company insiders own 1.90% of the company's stock.
More Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Long‑term deal with Alphabet/Google improves AI revenue visibility through 2031 and reduces near‑term risk of Google switching suppliers, supporting revenue outlook for Broadcom’s custom AI chips. Read More.
- Positive Sentiment: Anthropic is expanding partnerships with Broadcom (and Alphabet) for custom AI chip work, signalling additional design wins and demand from large AI customers. Read More.
- Positive Sentiment: Recent quarterly results showed strong revenue growth and margin performance with AI‑related revenue accelerating, underpinning bullish earnings revisions and growth expectations. Read More.
- Positive Sentiment: Semiconductor group breakout and technical momentum have lifted AVGO alongside peers, attracting momentum flows and short‑term buying. Read More.
- Neutral Sentiment: Elevated media and analyst attention (Bull of the Day, Zacks features) can drive additional inflows but may increase short‑term volatility as momentum traders rotate. Read More.
- Neutral Sentiment: AI agents and quant models have recently flagged Broadcom as a high‑conviction buy, which may amplify algorithmic buying but is not a fundamental change. Read More.
- Negative Sentiment: Insider selling: Director Gayla J. Delly sold 1,000 shares at an average $358.31 (≈$358k); other reported insider disposals total multi‑million dollars — a potential near‑term sentiment headwind. Read More.
- Negative Sentiment: Analysts caution structural risks remain — customer concentration (large cloud buyers) and competitive pressure in AI chips/networking could pressure margins if end‑market dynamics change. Read More.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Mizuho set a $480.00 price objective on Broadcom and gave the company an "outperform" rating in a research report on Friday, January 9th. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 target price on shares of Broadcom in a report on Monday, January 5th. DA Davidson raised Broadcom to a "hold" rating in a research report on Friday, February 13th. Rosenblatt Securities reiterated a "buy" rating and issued a $500.00 price target on shares of Broadcom in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company raised Broadcom from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $410.00 to $430.00 in a research note 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 given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $435.30.
Read Our Latest Stock Analysis on AVGO
Broadcom Profile
(
Free Report)
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.
Further Reading
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