Broadcom Inc. $AVGO Stock Position Lessened by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB trimmed its Broadcom stake by 1.7% in Q4, holding 217,183 shares worth $75.17 million (about 1.9% of its portfolio and its 9th largest position).
• Significant insider selling occurred in the quarter—CFO Kirsten Spears and another insider sold shares on March 17th, and insiders disposed of 428,970 shares worth roughly $142.6 million in the last quarter, leaving company insiders with 1.90% ownership.
• Bullish analyst sentiment and strong results: Broadcom beat Q results (EPS $2.05, revenue $19.31B, +29.5% YoY), prompting upgrades and higher price targets (average target ~$435.30; JPMorgan raised to $500), as investors price in AI and networking growth opportunities.

MassMutual Private Wealth & Trust FSB lessened its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,183 shares of the semiconductor manufacturer's stock after selling 3,781 shares during the period. Broadcom makes up approximately 1.9% of MassMutual Private Wealth & Trust FSB's holdings, making the stock its 9th largest position. MassMutual Private Wealth & Trust FSB's holdings in Broadcom were worth $75,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Boston Standard Wealth Management LLC bought a new position in shares of Broadcom during the 4th quarter valued at $279,000. Lynch & Associates IN grew its holdings in shares of Broadcom by 5.4% in the fourth quarter. Lynch & Associates IN now owns 4,069 shares of the semiconductor manufacturer's stock worth $1,408,000 after acquiring an additional 209 shares during the period. Harbor Investment Advisory LLC increased its position in Broadcom by 4.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 28,775 shares of the semiconductor manufacturer's stock valued at $9,959,000 after acquiring an additional 1,288 shares during the last quarter. CWA Asset Management Group LLC increased its position in Broadcom by 2.7% during the fourth quarter. CWA Asset Management Group LLC now owns 77,434 shares of the semiconductor manufacturer's stock valued at $26,800,000 after acquiring an additional 2,002 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Broadcom during the 4th quarter valued at about $1,705,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, March 5th. DA Davidson raised shares of Broadcom to a "hold" rating in a research report on Friday, February 13th. TD Cowen restated a "buy" rating on shares of Broadcom in a research note on Friday, December 12th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $450.00 target price on shares of Broadcom in a report on Monday, January 5th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $475.00 target price (up from $400.00) on shares of Broadcom in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Broadcom currently has an average rating of "Moderate Buy" and an average target price of $435.30.

Insider Activity

In related 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 transaction of $11,671,507.20. Following the transaction, the chief financial officer directly 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 is accessible through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value 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. The trade was a 15.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 428,970 shares of company stock worth $142,585,321. Company insiders own 1.90% of the company's stock.

Broadcom Trading Up 3.9%

Shares of Broadcom stock opened at $322.51 on Tuesday. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 62.99, a PEG ratio of 0.67 and a beta of 1.22. The business has a 50-day moving average price of $329.84 and a 200-day moving average price of $345.72. 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 Inc. has a twelve month low of $138.10 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping 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 business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter in the previous year, the company posted $1.60 EPS. The company's revenue was up 29.5% compared to the same quarter last year. Equities research analysts anticipate that Broadcom Inc. will post 5.38 EPS 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 paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd. Broadcom's payout ratio is presently 50.78%.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Bernstein upgraded Broadcom on AI opportunity, triggering fresh buying interest and price momentum as investors price in larger AI content per data‑center GW. Broadcom (AVGO) Stock Surges Nearly 5% on Bernstein’s Bullish AI Upgrade
• Positive Sentiment: Analysts have been reiterating bullish views and high price targets (e.g., Cantor Fitzgerald’s Overweight/$525 PT) after Broadcom’s strong quarter and upbeat guidance, reinforcing investor conviction on AI and networking growth. What Street Thinks About Broadcom Inc. (AVGO)
• Positive Sentiment: Operational execution: Broadcom has begun volume shipments of its Tomahawk 6 switch chip and expanded its AI infrastructure roadmap (3.5D XPU, 102.4T switch), supporting the company’s large AI revenue thesis and capacity wins with major cloud/LLM customers. Broadcom Inc. (AVGO) Commences Volume Shipping of Tomahawk 6 Chip to Scale AI Networks
• Neutral Sentiment: Broadcom launched Symantec CBX (Carbon Black XDR) to combine Symantec and Carbon Black capabilities — a strategic move in security software that broadens recurring‑revenue exposure but is less material to near‑term AI chip revenue. Broadcom Introduces Symantec CBX
• Negative Sentiment: Regulatory risk: European cloud providers filed an antitrust complaint over Broadcom’s VMware licensing changes, which could lead to inquiries, fines, or commercial constraints in EU cloud markets and add execution uncertainty. EU Antitrust Complaint Puts Broadcom VMware Licensing Strategy Under Spotlight

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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