Broadcom Inc. $AVGO Stake Lowered by NCP Inc.

Key Points

• NCP Inc. lowered its Broadcom stake by 12.8% in Q3, now holding 12,095 shares worth $3.99M, making AVGO about 3.0% of NCP’s portfolio and its 12th largest position.
• Broadcom reported a strong quarter with revenue up 29.5% YoY and an EPS beat, and CEO Hock Tan said visibility for 2027 has "dramatically improved" while guiding to AI chip revenue north of $100 billion in 2027, prompting analysts to raise price targets.
• Key fundamentals: market cap ~$1.62T, quarterly dividend of $0.65 ($2.60 annualized, ~0.8% yield), and notable insider activity with insiders selling 458,785 shares (~$155.5M) in the last 90 days.

NCP Inc. lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 12.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,095 shares of the semiconductor manufacturer's stock after selling 1,774 shares during the quarter. Broadcom makes up approximately 3.0% of NCP Inc.'s holdings, making the stock its 12th largest position. NCP Inc.'s holdings in Broadcom were worth $3,990,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AVGO. Capital Counsel LLC NY bought a new position in shares of Broadcom in the 2nd quarter valued at approximately $221,000. Waterloo Capital L.P. boosted its holdings in Broadcom by 7.0% in the 2nd quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer's stock valued at $13,331,000 after purchasing an additional 3,180 shares during the period. Providence First Trust Co grew its position in Broadcom by 1,099.3% during the third quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer's stock worth $2,944,000 after buying an additional 8,179 shares in the last quarter. Aspen Wealth Strategies LLC grew its holdings in shares of Broadcom by 174.7% during the 2nd quarter. Aspen Wealth Strategies LLC now owns 23,673 shares of the semiconductor manufacturer's stock worth $6,525,000 after purchasing an additional 15,055 shares in the last quarter. Finally, RiverFront Investment Group LLC boosted its stake in Broadcom by 107.6% during the second quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer's stock worth $4,555,000 after buying an additional 8,566 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom said its visibility for 2027 "dramatically improved" and CEO Hock Tan guided to AI chip revenue north of $100 billion in 2027; Q1 beat and above-consensus Q2 revenue guidance reinforced that outlook. Analysts have lifted price targets and MarketBeat highlights upside from the updated forecasts. Broadcom's Bullish Outlook: AVGO Eyes $100 Billion in AI Revenue
• Positive Sentiment: Seeking Alpha argues Broadcom is a "once-in-a-generation" AI infrastructure opportunity, reinforcing bullish investor narratives around durable competitive advantage in custom silicon. Broadcom: A Once In A Generation Opportunity That Won't Last
• Positive Sentiment: Several analysts have raised price targets (one noted raise to $470), and MarketBeat’s consensus targets moved higher after the earnings, signaling sustained buy-side conviction. Broadcom Price Target Raised to $470.00
• Neutral Sentiment: Marvell’s strong earnings and upgraded guidance reinforce demand for custom AI silicon across hyperscalers — a sector tailwind that validates Broadcom’s TAM but also draws investor capital to faster-rising peers. This helps explain rotation into smaller, higher-momentum chip names. Marvell’s Big Earnings Win Could Be the Start of Something Bigger
• Neutral Sentiment: Banking/analyst screens (Zacks, Citi roundups) continue to list Broadcom among top AI/semiconductor picks — supportive longer-term but less likely to move the stock intraday. Broadcom Inc. (AVGO) is a Top-Ranked Growth Stock
• Neutral Sentiment: Reported spikes in short-interest data appear to be reporting anomalies (zeros/NaN); no clear short-squeeze dynamics are evident from the filings cited — so minimal direct impact. (data entries)
• Negative Sentiment: Macro/headline risk — commentary that very high oil prices could still dent market sentiment has been flagged as a potential drag on cyclical tech stocks, creating near-term downside risk even if Broadcom’s fundamentals remain intact. $150 Oil Won't Hurt Broadcom's Business, But It Could Still Hurt the Stock
• Negative Sentiment: Margin risk remains a watch item: memory/storage price inflation could pressure system-level gross margins even as Broadcom attempts to offset dilution via pricing power with large AI customers — the margin story bears monitoring for 2H/2026. Memory Price Hikes Could Pressure Margins

Broadcom Trading Down 0.9%

NASDAQ:AVGO opened at $342.58 on Wednesday. The stock has a market capitalization of $1.62 trillion, a PE ratio of 66.91, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The business's 50-day simple moving average is $333.53 and its 200-day simple moving average is $344.23.

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, beating analysts' consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same period in the previous year, the company posted $1.60 earnings per share. The company's quarterly revenue was up 29.5% compared to the same quarter last year. Sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd. Broadcom's payout ratio is 50.78%.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 30,000 shares of Broadcom stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the completion of the sale, the insider directly owned 210,573 shares of the company's stock, valued at approximately $73,094,099.76. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harry L. You bought 1,000 shares of the company's stock in a transaction dated Thursday, December 18th. The shares were purchased at an average cost of $325.13 per share, with a total value of $325,130.00. Following the acquisition, the director directly owned 36,602 shares of the company's stock, valued at approximately $11,900,408.26. This represents a 2.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 458,785 shares of company stock worth $155,508,157 in the last ninety days. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AVGO shares. Wall Street Zen upgraded Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Broadcom in a report on Monday, December 29th. The Goldman Sachs Group reiterated a "buy" rating and issued a $450.00 price objective on shares of Broadcom in a research report on Monday, January 5th. UBS Group set a $475.00 price objective on Broadcom and gave the stock a "buy" rating in a research note on Monday, December 15th. Finally, TD Cowen restated a "buy" rating on shares of Broadcom in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $435.30.

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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