CCLA Investment Management Increases Holdings in Broadcom Inc. $AVGO

Key Points

• CCLA Investment Management increased its stake in Broadcom by 0.7% to 635,312 shares (about $219.8M), making AVGO roughly 3.5% of CCLA's portfolio and its fourth-largest holding.
• Multi‑year AI deals with Meta, Google and Anthropic have materially boosted Broadcom's AI revenue visibility and spurred analyst upgrades — the consensus is a Moderate Buy with an average price target of $435.30 (several firms set targets in the $450–$500 range).
• Broadcom beat Q1 estimates (EPS $2.05 vs. $2.03; revenue $19.31B vs. $19.10B, up 29.5% YoY) and has a $1.8T market cap, but recent insider selling (≈324,282 shares worth ~$106M over three months) could pressure near‑term sentiment.

CCLA Investment Management grew its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 635,312 shares of the semiconductor manufacturer's stock after purchasing an additional 4,634 shares during the quarter. Broadcom comprises approximately 3.5% of CCLA Investment Management's holdings, making the stock its 4th largest holding. CCLA Investment Management's holdings in Broadcom were worth $219,817,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AVGO. Brighton Jones LLC lifted its stake in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after purchasing an additional 756 shares during the period. United Bank lifted its stake in shares of Broadcom by 76.5% in the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer's stock valued at $392,000 after purchasing an additional 1,014 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Broadcom by 10.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer's stock valued at $3,499,000 after purchasing an additional 1,160 shares during the period. Finally, Capital & Planning LLC lifted its stake in shares of Broadcom by 10.5% in the 2nd quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer's stock valued at $1,098,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AVGO shares. The Goldman Sachs Group reissued a "buy" rating and issued a $450.00 price target on shares of Broadcom in a research note on Monday, January 5th. Wolfe Research raised Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research note on Friday, January 30th. JPMorgan Chase & Co. increased their price target on Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday, March 5th. Mizuho set a $480.00 price objective on Broadcom and gave the stock an "outperform" rating in a research note on Friday, January 9th. Finally, Erste Group Bank downgraded Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Two 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's stock. According to MarketBeat, Broadcom presently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Landmark multi-year agreement with Meta (multi‑generation through 2029) commits an initial >1GW of MTIA custom silicon and pairs Broadcom’s XPU and Ethernet networking to scale multi‑gigawatt AI clusters — this materially increases long‑term AI revenue visibility. Broadcom Announces Extended Partnership with Meta (GlobeNewswire)
• Positive Sentiment: Deals with Google and Anthropic broaden major‑customer exposure beyond hyperscalers and suggest sustained demand for Broadcom’s custom AI infrastructure over several generations. Google and Anthropic deal strengthen Broadcom (MSN)
• Positive Sentiment: Macro tailwind for AI hardware: analysts and commentators highlight Broadcom’s strong Q1 results and secular AI growth thesis, supporting higher revenue and margin expectations for custom accelerators and high‑speed networking. Broadcom: AI Is Here To Stay (Seeking Alpha)
• Neutral Sentiment: Momentum and analyst upgrades are attracting flows — multiple firms have raised targets, which can amplify short‑term upside but also increase volatility on profit‑taking. Meta, Broadcom Extend Multi-Year AI Chip Partnership (Benzinga)
• Negative Sentiment: Insider selling continues (recent sales by S. Ram Velaga and director Gayla Delly among others), which can weigh on near‑term sentiment despite strategic rationale for transactions. S. Ram Velaga insider sale (InsiderTrades)
• Negative Sentiment: Analyst caution remains: firms like UBS note customer concentration and competitive risks (NVIDIA and others) that could limit upside if hyperscalers change sourcing or pricing dynamics. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS

Broadcom Stock Performance

AVGO opened at $380.50 on Wednesday. The business's 50-day moving average price is $328.36 and its two-hundred day moving average price is $343.78. Broadcom Inc. has a 1 year low of $161.61 and a 1 year high of $414.61. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 74.32, a P/E/G ratio of 0.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter last year, the business posted $1.60 EPS. The company's revenue for the quarter was up 29.5% on a year-over-year basis. Equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Insider Transactions at Broadcom

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of Broadcom stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $370.52, for a total value of $2,964,160.00. Following the sale, the insider owned 57,932 shares of the company's stock, valued at $21,464,964.64. This trade represents a 12.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total value of $3,452,300.00. Following the completion of the sale, the insider directly owned 787,184 shares in the company, valued at $271,759,532.32. This represents a 1.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is currently owned by company 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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.