Investment Research Partners LLC Purchases Shares of 10,276 Broadcom Inc. $AVGO

Key Points

• Investment Research Partners LLC purchased 10,276 shares of Broadcom (~$3.39M) in the third quarter, making AVGO 1.5% of its portfolio and its 12th-largest holding amid broad institutional ownership (~76.4%).
• Clustered insider selling: multiple executives (including CFO Kirsten M. Spears and Mark D. Brazeal) sold sizable blocks in mid‑March, with insiders offloading 528,970 shares (~$177.15M) in the last 90 days and now owning about 1.9% of the company.
• Operational momentum and analyst optimism: Broadcom posted strong quarterly results (revenue +29.5% YoY, EPS beat), is seeing AI/networking design wins and product shipments (e.g., Meta partnership, Tomahawk‑6), and has seen price‑target raises with a consensus "Moderate Buy" and average target of $435.30.

Investment Research Partners LLC purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 10,276 shares of the semiconductor manufacturer's stock, valued at approximately $3,390,000. Broadcom makes up 1.5% of Investment Research Partners LLC's investment portfolio, making the stock its 12th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVGO. Strategic Advocates LLC boosted its stake in Broadcom by 6.1% during the third quarter. Strategic Advocates LLC now owns 12,075 shares of the semiconductor manufacturer's stock valued at $3,984,000 after buying an additional 695 shares during the period. Chelsea Counsel Co. bought a new position in Broadcom in the 3rd quarter worth about $46,000. CIBC Private Wealth Group LLC raised its holdings in shares of Broadcom by 42.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,521,836 shares of the semiconductor manufacturer's stock valued at $831,979,000 after acquiring an additional 747,273 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Broadcom in the 3rd quarter valued at about $399,602,000. Finally, Bell Investment Advisors Inc boosted its position in shares of Broadcom by 1.9% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,638 shares of the semiconductor manufacturer's stock valued at $540,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Buying and Selling

In other Broadcom news, CFO Kirsten M. Spears sold 36,292 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the business's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the sale, the insider directly owned 278,141 shares of the company's stock, valued at $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 528,970 shares of company stock worth $177,150,321 in the last ninety days. 1.90% of the stock is currently owned by insiders.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $320.40 on Friday. The stock has a market cap of $1.52 trillion, a price-to-earnings ratio of 62.58, a P/E/G ratio of 0.68 and a beta of 1.22. 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 1-year low of $138.10 and a 1-year high of $414.61. The stock's 50-day moving average is $331.12 and its 200 day moving average is $344.89.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping 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 business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Broadcom's revenue for the quarter was up 29.5% on a year-over-year basis. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, March 23rd. Broadcom's payout ratio is presently 50.78%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom said it is shipping the world’s first end‑to‑end post‑quantum (PQC) in‑flight network encryption solution — a security product that can open enterprise spend and differentiate Broadcom in networking/security offerings. Broadcom Delivers the World’s First End-to-End PQC-safe, In-flight Network Encryption Solution
• Positive Sentiment: Production‑volume shipping of the Tomahawk‑6 family (industry’s first 102.4 Tbps switch) supports near‑term revenue upside in AI networking and strengthens Broadcom’s competitive position with hyperscalers. Broadcom (AVGO) Commences Production Volume Shipping of World’s First 102.4 Tbps Switch
• Positive Sentiment: Meta publicly confirmed Broadcom as a custom AI‑chip partner for its MTIA inference roadmap, validating a major hyperscaler design win that underpins recurring AI accelerator and networking demand. Why Meta's AI Chip Announcement Has Broadcom Investors Paying Attention
• Positive Sentiment: Analysts and trade press highlight sharp AI revenue growth and semiconductor momentum (large AI sales increase and XPU/networking strength), which supports the bull case for FY26 upside. Broadcom's AI Push Boosts Semiconductor Sales: More Upside Ahead?
• Neutral Sentiment: Street reaction is mixed — several price‑target raises and buy notes coexist with cautious takes about valuation and concentration risk, producing two‑sided flow into the tape. How The Broadcom (AVGO) Investment Story Is Shifting With AI Hopes And Valuation Doubts
• Neutral Sentiment: Broadcom’s VMware business remains visible (VMware Explore dates announced), supporting software cashflow, but these events are not immediate revenue surprises. VMware Explore 2026 Press Release
• Negative Sentiment: Clustered insider selling: multiple executives (including the CFO and senior officers) sold sizable blocks on March 16–17, which is weighing on sentiment and could prompt short‑term pressure even if sales are for diversification or tax planning. Kirsten M. Spears Form 4 (SEC)
• Negative Sentiment: Regulatory risk: a cloud‑industry group urged EU antitrust regulators to impose an interim measure against Broadcom over changes to the VMware Cloud Service Provider program — a potential near‑term headwind for Broadcom’s enterprise software franchise in Europe. Cloud industry group calls for EU interim measure against Broadcom over VMware

Analysts Set New Price Targets

Several research analysts have recently commented on AVGO shares. Truist Financial boosted their price objective on Broadcom from $510.00 to $545.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. 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. 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. DA Davidson raised shares of Broadcom to a "hold" rating in a report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

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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