Migdal Insurance & Financial Holdings Ltd. Trims Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Migdal Insurance & Financial Holdings Ltd. trimmed its Broadcom stake by 1.9% in Q4, selling 7,554 shares and finishing the quarter with 390,416 shares worth about $135.12 million (≈1.2% of Migdal’s portfolio; its 24th-largest position).
• Significant insider selling: Insiders disposed of 324,282 Broadcom shares (~$106.4 million) over the last quarter, including S. Ram Velaga’s 8,000-share sale at $370.52 and Justine Page’s 2,018-share sale, leaving insiders with roughly 1.9% ownership.
• Strong results but rich valuation: Broadcom beat Q1 estimates (EPS $2.05, revenue $19.31B, +29.5% YoY) and benefits from AI-driven demand and bullish analyst coverage, though its P/E (~79) and elevated targets have prompted valuation concerns.

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,416 shares of the semiconductor manufacturer's stock after selling 7,554 shares during the period. Broadcom accounts for about 1.2% of Migdal Insurance & Financial Holdings Ltd.'s holdings, making the stock its 24th biggest position. Migdal Insurance & Financial Holdings Ltd.'s holdings in Broadcom were worth $135,123,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. JCIC Asset Management Inc. purchased a new position in shares of Broadcom in the third quarter worth about $31,000. Miller Global Investments LLC purchased a new position in shares of Broadcom in the fourth quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new position in shares of Broadcom in the third quarter worth about $34,000. Family CFO Inc purchased a new position in shares of Broadcom in the fourth quarter worth about $35,000. Finally, PayPay Securities Corp boosted its position in shares of Broadcom by 88.9% in the fourth quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock valued at $41,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of Broadcom stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the completion of the sale, the insider directly owned 57,932 shares in the company, valued at $21,464,964.64. The trade was a 12.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director owned 18,164 shares of the company's stock, valued at approximately $6,411,892. The trade was a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 over the last quarter. Company insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AVGO. Seaport Research Partners restated a "neutral" rating on shares of Broadcom in a research report on Wednesday, April 8th. Morgan Stanley raised their price objective on shares of Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a research report on Friday, March 6th. DA Davidson upgraded shares of Broadcom to a "hold" rating in a research report on Friday, February 13th. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 price objective on shares of Broadcom in a research report on Monday, January 5th. Finally, Benchmark restated a "buy" rating and issued a $485.00 price objective on shares of Broadcom in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $435.30.

Broadcom Price Performance

AVGO stock opened at $405.45 on Thursday. Broadcom Inc. has a 12 month low of $184.02 and a 12 month high of $429.31. The firm has a market capitalization of $1.92 trillion, a P/E ratio of 79.19, a price-to-earnings-growth ratio of 0.86 and a beta of 1.24. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $345.69 and a 200-day moving average of $349.33.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its 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 net margin of 36.57% and a return on equity of 38.61%. The business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same period in the previous year, the business posted $1.60 earnings per share. Broadcom's revenue for the quarter was up 29.5% on a year-over-year basis. As a group, sell-side analysts predict that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 AI revenue reportedly rose ~106% YoY; Broadcom is shipping Tomahawk 6 at scale and has a Meta chip pact targeting multi‑GW capacity — underpins revenue/margin upside from AI datacenter builds. AVGO Rides AI Boom: Explosive Growth in Semiconductor Fuels Outlook
• Positive Sentiment: Broadcom’s deeper ties to Google Cloud and the market reaction to Google’s custom AI chips have supported a market‑cap rally and reinforce Broadcom’s role in hyperscaler AI infrastructure. As Broadcom Deepens Its Google Cloud Ties, Should You Buy AVGO Stock?
• Positive Sentiment: Wall Street momentum: many bullish analyst takes and inclusion in AI‑focused stock lists are helping sentiment and buyer interest. High analyst buy ratios and bullish writeups support further upside expectations. The Street is Bullish on Broadcom Inc. (AVGO), Here’s What the Analysts Think About the Stock
• Neutral Sentiment: Analyst model tweaks are modestly higher (Erste slightly raised FY2026/27 EPS), but ratings remain mixed (some Holds), so upgrades are incremental rather than structural. MarketBeat AVGO Coverage / Analyst Notes
• Negative Sentiment: Market angst from reports that OpenAI missed internal targets has triggered short‑term selling across AI infrastructure names, including Broadcom — heightening sensitivity to AI capex cycles. Semiconductor Stocks Tumble on OpenAI Warning. Google Says The Market Has It All Wrong
• Negative Sentiment: Valuation concerns: several pieces argue investors are “pricing in perfection,” pointing to rich multiples and the risk of any slowdown in hyperscaler spending weighing on the stock. Broadcom: Investors Are Pricing In Perfection

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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