Lmcg Investments LLC Increases Stake in Broadcom Inc. $AVGO

Key Points

• Lmcg Investments LLC increased its stake in Broadcom by 9.4% in Q3 to 38,961 shares (an additional 3,357 shares), valued at about $12.85 million.
• Wall Street is largely bullish with a consensus "Buy" rating and a $438.61 average price target, and several analysts recently raised targets as high as $500.
• Insiders have been net sellers recently—CFO and CEO sold sizable blocks and insiders disposed of 779,901 shares worth roughly $284 million in the last 90 days.

Lmcg Investments LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,961 shares of the semiconductor manufacturer's stock after purchasing an additional 3,357 shares during the period. Lmcg Investments LLC's holdings in Broadcom were worth $12,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock valued at $133,261,046,000 after acquiring an additional 6,222,802 shares during the period. State Street Corp grew its stake in Broadcom by 0.5% during the 2nd quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer's stock valued at $51,071,601,000 after purchasing an additional 873,963 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Broadcom by 2.1% in the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer's stock valued at $29,827,649,000 after purchasing an additional 2,226,585 shares during the period. Norges Bank purchased a new position in shares of Broadcom in the second quarter worth about $18,579,549,000. Finally, Invesco Ltd. raised its stake in shares of Broadcom by 8.4% in the second quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer's stock worth $10,598,641,000 after purchasing an additional 2,978,768 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Rosenblatt Securities increased their price target on shares of Broadcom from $400.00 to $440.00 and gave the stock a "buy" rating in a report on Tuesday, December 9th. Benchmark upped their price objective on shares of Broadcom from $385.00 to $485.00 and gave the company a "buy" rating in a report on Friday, December 12th. Bank of America raised their target price on shares of Broadcom from $460.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, December 12th. Susquehanna restated a "positive" rating and set a $450.00 target price (up from $400.00) on shares of Broadcom in a research report on Thursday, December 4th. Finally, Citigroup reaffirmed a "buy" rating on shares of Broadcom in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $438.61.

Insiders Place Their Bets

In other news, CFO Kirsten M. Spears sold 30,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the transaction, the chief financial officer owned 277,237 shares in the company, valued at $96,428,573.34. This trade represents a 9.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $326.02, for a total transaction of $42,382,600.00. Following the completion of the sale, the chief executive officer directly owned 595,638 shares in the company, valued at $194,189,900.76. This represents a 17.92% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 779,901 shares of company stock valued at $284,069,237. Corporate insiders own 2.00% of the company's stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Cathie Wood’s ARK funds materially increased AVGO exposure (added ~143k shares), a high-profile vote of confidence that can attract momentum and retail flows. Cathie Wood Is Doubling Down on Broadcom Stock. Should You?
• Positive Sentiment: Analysts remain largely bullish and consensus ratings sit at “Buy,” supporting institutional conviction and serving as a potential floor for the shares. Broadcom Inc. NASDAQ: AVGO Receives Consensus Rating of "Buy" from Analysts
• Positive Sentiment: Industry tailwinds from TSMC and Meta point to sustained AI-accelerator and custom-chip demand — a direct revenue driver for Broadcom’s ASIC/accelerator business. Upcoming Meta capex guidance is a key potential catalyst. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
• Positive Sentiment: Macro/sector pieces highlight Broadcom as a “picks-and-shovels” AI beneficiary alongside peers (Oracle, Micron), reinforcing secular demand arguments. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
• Neutral Sentiment: Company narrative and strategy pieces (connectivity expansion) reiterate Broadcom’s product breadth — supportive long-term, but not an immediate earnings surprise. Broadcom Inc NASDAQ: AVGO Nasdaq Today Signals Connectivity Expansion
• Neutral Sentiment: Analyses celebrating past shareholder returns ($51B delivered) improve sentiment but are backward-looking and less likely to move the stock near term. How Broadcom Stock Delivered $51 Billion In Shareholder Value
• Negative Sentiment: Some institutional selling: Cypress Funds trimmed its Broadcom stake, signaling selective profit-taking among hedge funds. Cypress Funds Llc Cuts Broadcom Inc Stake by 29K Shares
• Negative Sentiment: Share-price underperformance and recent intra-day dips relative to peers are prompting short-term technical selling and volatility; this is weighing on the stock despite positive fundamentals. Broadcom Inc. stock underperforms Wednesday when compared to competitors

Broadcom Stock Down 1.0%

AVGO stock opened at $325.49 on Friday. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. The firm's fifty day moving average is $357.64 and its 200 day moving average is $334.99. The firm has a market cap of $1.54 trillion, a PE ratio of 68.38, a P/E/G ratio of 1.09 and a beta of 1.21.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business had revenue of $18.02 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the prior year, the company posted $1.42 EPS. The company's revenue for the quarter was up 28.2% on a year-over-year basis. On average, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Broadcom's previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. Broadcom's dividend payout ratio (DPR) is presently 54.62%.

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.

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