Broadcom Inc. $AVGO Stock Position Lifted by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. boosted its Broadcom stake by 406.1% in Q4 to 11,994 shares (worth $4.15M), making AVGO its 8th largest holding as institutional ownership of the stock sits at about 76.4%.
• Broadcom beat Q4 expectations (EPS $2.05 vs. $2.03; revenue $19.31B, +29.5% YoY) and recent multi‑year AI supply deals with Google and Anthropic have driven analyst upgrades and a consensus “Moderate Buy” with a $435.30 price target.
• At the same time, insiders sold 273,049 shares (~$88.3M) last quarter (including the CFO), while the stock trades at a market cap of $1.66T with a P/E of 68.48 and a modest dividend yield of 0.7%, highlighting high valuation and insider trimming.

Thurston Springer Miller Herd & Titak Inc. lifted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 406.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,994 shares of the semiconductor manufacturer's stock after buying an additional 9,624 shares during the period. Broadcom makes up about 1.4% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 8th largest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Broadcom were worth $4,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVGO. Providence First Trust Co boosted its stake in Broadcom by 1,099.3% in the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer's stock worth $2,944,000 after purchasing an additional 8,179 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Broadcom by 3.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer's stock worth $109,492,000 after purchasing an additional 10,786 shares in the last quarter. Lmcg Investments LLC boosted its stake in Broadcom by 9.4% in the 3rd quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer's stock worth $12,854,000 after purchasing an additional 3,357 shares in the last quarter. AQR Capital Management LLC boosted its stake in Broadcom by 13.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,877,709 shares of the semiconductor manufacturer's stock worth $1,063,501,000 after purchasing an additional 455,851 shares in the last quarter. Finally, Wright Investors Service Inc. boosted its stake in Broadcom by 5.4% in the 3rd quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer's stock worth $13,909,000 after purchasing an additional 2,178 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $350.63 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a 12 month low of $157.51 and a 12 month high of $414.61. The company has a 50 day simple moving average of $324.89 and a two-hundred day simple moving average of $342.78. The stock has a market cap of $1.66 trillion, a price-to-earnings ratio of 68.48, a PEG ratio of 0.67 and a beta of 1.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share 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%. The business's quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 EPS. As a group, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's payout ratio is 50.78%.

Analyst Ratings Changes

AVGO has been the subject of a number of recent analyst reports. Barclays reiterated an "overweight" rating and issued a $500.00 target price (up from $450.00) on shares of Broadcom in a research note on Friday, December 12th. Morgan Stanley lifted their price objective on shares of Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a research note on Friday, March 6th. The Goldman Sachs Group restated a "buy" rating and set a $450.00 price objective on shares of Broadcom in a research note on Monday, January 5th. Truist Financial lifted their price objective on shares of Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Finally, TD Cowen restated a "buy" rating on shares of Broadcom in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom secured multi‑year TPU and networking supply deals with Google and Anthropic, locking in design/supply agreements through 2031 and expanding its role as a core AI infrastructure partner — a key reason investors are bidding the stock higher. Broadcom (AVGO) Surges on Multi‑Billion Dollar AI Chip Partnerships with Google and Anthropic
• Positive Sentiment: Anthropic will access ~3.5 GW of TPU‑based compute beginning in 2027 (part of a larger commitment). That scale, plus rapid Anthropic revenue growth, supports meaningful long‑term AI revenue upside for Broadcom. Anthropic's Deal With Broadcom Gets AVGO Stock Trending Overnight
• Positive Sentiment: Analysts and commentators are upgrading or reaffirming conviction: Rosenblatt keeps a high $500 price target and research outlets highlight Broadcom as an AI infrastructure enabler alongside Micron. Those endorsements are supporting sentiment. Rosenblatt Buy Rating / Price Target Zacks: Micron and Broadcom
• Neutral Sentiment: Broadcom announced a product launch (Arcot Smart Ruleset) expanding its payments/security software portfolio — strategic but not game‑changing for near‑term revenue vs. the AI deals. Arcot Smart Ruleset Launch
• Neutral Sentiment: Management change: reports of a new CFO introduce some execution/transition risk but are not yet tied to guidance changes. Monitor commentary from the company. Broadcom is getting a new CFO
• Negative Sentiment: Seaport Global cut AVGO to Neutral, warning the AI chip rally may be overextended; that downgrade is a headwind that can cap near‑term upside. Seaport Downgrade
• Negative Sentiment: Other analysts have trimmed ratings (Erste downgraded to Hold) and flagged slower growth in the software segment — reminders that not all parts of Broadcom’s business are accelerating. Downgrade and Software Growth Concerns

Insider Activity

In other news, CFO Kirsten M. Spears sold 36,292 shares of Broadcom 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 directly owned 327,760 shares of the company's stock, valued at $105,407,616. The trade was a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 39,116 shares of Broadcom stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the transaction, the insider directly owned 74,626 shares of the company's stock, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 273,049 shares of company stock valued at $88,300,115 in the last quarter. Company insiders own 1.90% of the company's stock.

Broadcom 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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