Howard Capital Management Inc. Buys 23,348 Shares of Broadcom Inc. $AVGO

Key Points

• Howard Capital Management increased its Broadcom holding by 11.8%—buying 23,348 shares to own 221,101 shares worth about $76.52 million, representing 0.8% of its portfolio and its 22nd-largest position.
• Broadcom is benefiting from multi‑year AI partnerships with Meta, Google and Anthropic and rising analyst optimism (several targets lifted into the $450–$500 range), leaving a MarketBeat consensus of "Moderate Buy" with a $435.30 target; the company also recently beat quarterly estimates (EPS $2.05; revenue $19.31B, +29.5% y/y).

Howard Capital Management Inc. lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 221,101 shares of the semiconductor manufacturer's stock after acquiring an additional 23,348 shares during the period. Broadcom makes up 0.8% of Howard Capital Management Inc.'s investment portfolio, making the stock its 22nd biggest position. Howard Capital Management Inc.'s holdings in Broadcom were worth $76,523,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Bouvel Investment Partners LLC lifted its holdings in shares of Broadcom by 2.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 36,010 shares of the semiconductor manufacturer's stock worth $12,463,000 after acquiring an additional 835 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Broadcom by 3.5% during the 4th quarter. Ritholtz Wealth Management now owns 95,540 shares of the semiconductor manufacturer's stock worth $33,066,000 after acquiring an additional 3,196 shares during the last quarter. Fonville Wealth Management LLC lifted its holdings in shares of Broadcom by 34.3% during the 4th quarter. Fonville Wealth Management LLC now owns 1,761 shares of the semiconductor manufacturer's stock worth $610,000 after acquiring an additional 450 shares during the last quarter. Eagle Strategies LLC lifted its holdings in shares of Broadcom by 5.7% during the 4th quarter. Eagle Strategies LLC now owns 3,605 shares of the semiconductor manufacturer's stock worth $1,248,000 after acquiring an additional 193 shares during the last quarter. Finally, Peak Financial Management Inc. lifted its stake in Broadcom by 17.8% in the fourth quarter. Peak Financial Management Inc. now owns 827 shares of the semiconductor manufacturer's stock worth $286,000 after purchasing an additional 125 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have 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. Bank of America lowered their price target on shares of Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Citigroup boosted their price target on shares of Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. Finally, Benchmark reissued a "buy" rating and issued a $485.00 price target on shares of Broadcom in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Meta expanded a multiyear, multigeneration partnership with Broadcom through at least 2029 to co‑develop custom AI accelerators and Ethernet networking, including an initial >1 gigawatt compute commitment — a major revenue and backlog driver. Will Broadcom-Meta Extended AI-Chip Partnership Fuel Tech ETFs?
• Positive Sentiment: Broadcom announced new AI collaborations with Google and Anthropic, widening its addressable market for custom silicon and positioning AVGO as a key supplier as hyperscalers in‑house more AI compute. Broadcom's New AI Partnership With Google and Anthropic Could Supercharge the Next Leg of the Rally
• Positive Sentiment: Analysts remain bullish: Vijay Rakesh reiterated an Outperform and $480 target after management meetings, citing strong demand across chips and networking — signals of continued upward earnings revisions. Broadcom's Secret Weapon: The Massive AI Chip Deal Set To Explode In 2027
• Positive Sentiment: Celebrity/influencer endorsement: Jim Cramer and several financial outlets have highlighted Broadcom as the primary way to play Meta’s chip program, boosting retail interest and flow into AVGO. Jim Cramer Says “Broadcom Is the One That I Think You Need to Focus On”
• Positive Sentiment: Media coverage emphasizes a broader AI narrative (Beyond NVIDIA), arguing Broadcom’s mix of custom silicon plus networking and software could drive above‑market growth and multiple expansion. Beyond NVIDIA: 2 AI Chip Stocks Positioned for Big Upside in 2026
• Neutral Sentiment: Goldman Sachs reset its Broadcom forecast amid the rally — such institutional re‑ratings can support momentum but may also temper expectations if targets are revised to reflect recent gains. Goldman Sachs resets Broadcom stock forecast
• Negative Sentiment: Some coverage flags concentration and execution risks: larger, bespoke deals with a few hyperscalers can boost revenue but also increase customer concentration and execution dependence; Hock Tan’s step‑down from Meta’s board (to focus on the deal) raises governance/concentration questions for some investors. Broadcom Meta Chip Alliance Deepens AI Ties And Concentration Risks

Broadcom Stock Performance

Broadcom stock opened at $406.54 on Friday. The company has a market capitalization of $1.92 trillion, a PE ratio of 79.40, a P/E/G ratio of 0.82 and a beta of 1.24. The firm has a fifty day simple moving average of $333.37 and a two-hundred day simple moving average of $345.07. 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 $161.61 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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 the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company's quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 earnings per share. Research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's dividend payout ratio is 50.78%.

Insider Activity

In other 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 completion of the transaction, the chief financial officer directly owned 327,760 shares of the company's stock, valued at approximately $105,407,616. This represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider S. Ram Velaga sold 38,841 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 $12,491,265.60. Following the transaction, the insider directly owned 96,147 shares of the company's stock, valued at approximately $30,920,875.20. This trade represents a 28.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is currently owned by insiders.

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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