JB Capital LLC Reduces Position in Broadcom Inc. $AVGO

Key Points

• JB Capital trimmed its Broadcom stake by 6.2% in Q4, selling 6,596 shares and ending the period with 99,876 shares worth about $34.6 million (≈1.4% of its portfolio and its 15th largest holding).
• Broadcom has locked multi‑year AI supply deals with Google and Anthropic, boosting revenue visibility and analyst optimism — the Street’s average price target is ~$435 (roughly a 33% upside consensus for AVGO).
• Insider selling has been notable: CFO Kirsten M. Spears sold 36,292 shares and another insider sold 50,488 shares on March 17, and insiders have offloaded 273,049 shares (~$88.3M) in the past 90 days while institutional ownership sits at ~76.4%.

JB Capital LLC lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,876 shares of the semiconductor manufacturer's stock after selling 6,596 shares during the quarter. Broadcom makes up approximately 1.4% of JB Capital LLC's portfolio, making the stock its 15th biggest position. JB Capital LLC's holdings in Broadcom were worth $34,567,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AVGO. Arrowstreet Capital Limited Partnership boosted its stake in shares of Broadcom by 499.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer's stock valued at $1,858,789,000 after purchasing an additional 4,694,313 shares during the period. Nordea Investment Management AB boosted its stake in shares of Broadcom by 47.5% during the fourth quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer's stock valued at $3,406,211,000 after purchasing an additional 3,160,586 shares during the period. Danske Bank A S purchased a new stake in shares of Broadcom during the third quarter valued at approximately $987,488,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Broadcom by 41.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer's stock valued at $2,811,046,000 after purchasing an additional 2,503,304 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Broadcom by 212.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,016,048 shares of the semiconductor manufacturer's stock valued at $332,714,000 after purchasing an additional 1,919,017 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 36,292 shares of the firm'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 $11,671,507.20. Following the completion of the transaction, the chief financial officer directly owned 327,760 shares in the company, valued at $105,407,616. This trade represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the firm'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 $16,236,940.80. Following the transaction, the insider owned 278,141 shares of the company's stock, valued at $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 273,049 shares of company stock valued at $88,300,115 over the last ninety days. Insiders own 1.90% of the company's stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year TPU and networking supply agreements with Google and expanded Anthropic commitments (including ~3.5 GW of TPU capacity starting 2027), giving multi‑year revenue visibility for chips and networking components. Broadcom Is Making AI Chips with Google. Does That Make AVGO Stock a Buy Now?
• Positive Sentiment: Market/industry coverage frames the Google deal as evidence Broadcom is competing with NVIDIA for hyperscaler AI infrastructure spend, supporting a narrative of structural demand growth for AVGO’s custom AI and networking products. Bloomberg: Broadcom's Google deal proves AI infrastructure demand competing with Nvidia
• Positive Sentiment: Wall Street analysts’ average price targets imply meaningful upside (Zacks highlights a ~33% consensus potential), and several bullish notes/coverage reiterations (e.g., Rosenblatt) are supporting buying interest. Wall Street Analysts Think Broadcom Inc. (AVGO) Could Surge 33.37% Rosenblatt Reiterates Buy for Broadcom
• Neutral Sentiment: Bank of America and other firms have updated forecasts and price targets (resets that reflect both the new deals and valuation questions) — useful for investors but not a clear directional signal alone. Bank of America resets Broadcom stock forecast
• Neutral Sentiment: Corporate developments include a new CFO appointment and product launches (Arcot Smart Ruleset); these are operationally relevant but are incremental versus the AI partnership news. Broadcom is getting a new CFO Broadcom Launches the Arcot Smart Ruleset
• Negative Sentiment: Seaport Global / Seaport Research recently downgraded Broadcom (cut to Neutral) and argued the company may be hitting industry limits — these downgrades increase short‑term sell pressure and raise valuation concerns among some institutional investors. Broadcom downgraded by Seaport Research Seaport Global downgrades Broadcom

Analysts Set New Price Targets

A number of analysts have recently weighed in on AVGO shares. Weiss Ratings reissued a "buy (b)" rating on shares of Broadcom in a research note on Monday, December 29th. Royal Bank Of Canada dropped their price target on Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a research note on Monday, March 2nd. Morgan Stanley raised their price target on Broadcom from $462.00 to $470.00 and gave the stock an "overweight" rating in a research note on Friday, March 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $500.00 price target on shares of Broadcom in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $430.00 price target on Broadcom and gave the stock a "buy" rating in a research note on Friday, December 12th. Two equities research 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 data from MarketBeat, Broadcom has an average rating of "Moderate Buy" and an average price target of $435.30.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $354.91 on Friday. Broadcom Inc. has a 1-year low of $161.61 and a 1-year high of $414.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The business has a fifty day moving average price of $325.37 and a 200-day moving average price of $342.86. The company has a market capitalization of $1.68 trillion, a PE ratio of 69.32, a PEG ratio of 0.73 and a beta of 1.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly 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. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same period last year, the company earned $1.60 earnings per share. The company's revenue was up 29.5% on a year-over-year basis. As a group, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared 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. The ex-dividend date 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 presently 50.78%.

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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