Broadcom Inc. $AVGO Stake Reduced by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. reduced its Broadcom stake by 3.0% in Q4, selling 22,710 shares and finishing the period with 731,244 shares worth about $253.08 million (1.6% of its portfolio and its 7th-largest holding).
• Broadcom delivered a quarterly EPS beat ($2.05 vs. $2.03) and $19.31 billion in revenue (up 29.5% YoY), and is positioned to benefit from AI demand and the launch of VMware Cloud Foundation 9.1, supporting its $2.02 trillion market cap.
• Institutional ownership is high (76.43%), led by large positions such as Vanguard’s 482.7M shares, while MarketBeat shows a consensus "Moderate Buy" with a $435.30 target; insiders have also sold shares recently and the stock yields about 0.6%.

D.A. Davidson & CO. reduced its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 731,244 shares of the semiconductor manufacturer's stock after selling 22,710 shares during the quarter. Broadcom comprises about 1.6% of D.A. Davidson & CO.'s portfolio, making the stock its 7th biggest position. D.A. Davidson & CO.'s holdings in Broadcom were worth $253,080,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AVGO. Arrowstreet Capital Limited Partnership increased its holdings in Broadcom by 499.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer's stock worth $1,858,789,000 after purchasing an additional 4,694,313 shares during the period. Vanguard Group Inc. boosted its position in Broadcom by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer's stock valued at $167,064,997,000 after acquiring an additional 3,919,715 shares in the last quarter. Nordea Investment Management AB boosted its position in Broadcom by 47.5% during the 4th quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer's stock valued at $3,406,211,000 after acquiring an additional 3,160,586 shares in the last quarter. Danske Bank A S bought a new stake in Broadcom during the 3rd quarter valued at $987,488,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Broadcom by 41.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer's stock valued at $2,811,046,000 after acquiring an additional 2,503,304 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Stock Up 2.6%

Broadcom stock opened at $427.38 on Wednesday. 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 stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 83.47, a PEG ratio of 0.86 and a beta of 1.43. Broadcom Inc. has a 1-year low of $195.94 and a 1-year high of $433.39. The business has a fifty day moving average price of $349.25 and a 200-day moving average price 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 EPS for the quarter, beating the consensus estimate of $2.03 by $0.02. The firm 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%. Broadcom's revenue was up 29.5% on a year-over-year basis. During the same period last year, the firm posted $1.60 EPS. Equities research analysts forecast that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given 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 payout ratio is currently 50.78%.

Broadcom News Roundup

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

Wall Street Analyst Weigh In

AVGO has been the topic of several recent research reports. Citigroup increased their target price on Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. DA Davidson raised Broadcom to a "hold" rating in a research report on Friday, February 13th. Rosenblatt Securities reaffirmed a "buy" rating and set a $500.00 target price on shares of Broadcom in a research report on Tuesday, April 7th. Zacks Research raised Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings cut Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Insider Activity at Broadcom

In other Broadcom news, Director Justine Page sold 2,018 shares of the business's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director owned 18,164 shares of the company's stock, valued at approximately $6,411,892. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider S. Ram Velaga sold 8,000 shares of the business's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the sale, the insider directly owned 57,932 shares in the company, valued at approximately $21,464,964.64. This represents a 12.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 324,282 shares of company stock worth $106,425,249 in the last 90 days. 1.90% of the stock is owned by insiders.

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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