M&T Bank Corp Decreases Stock Holdings in Broadcom Inc. $AVGO

Key Points

• M&T Bank Corp slashed its Broadcom stake by 95.1% in Q4, selling 1,468,455 shares and leaving 74,885 shares worth $25.918 million at quarter-end.
• Notable insider selling has occurred recently—324,282 shares were sold over the past 90 days (≈$106.4M), including sales by S. Ram Velaga and Justine Page; insiders now own about 1.90% of the stock.
• Wall Street sentiment is broadly positive (MarketBeat average rating: Moderate Buy, average target $435.30) supported by AI revenue strength and Google Cloud ties, but valuation is high (PE ≈79) and analysts warn of sensitivity to AI capex cycles.

M&T Bank Corp trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 95.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,885 shares of the semiconductor manufacturer's stock after selling 1,468,455 shares during the quarter. M&T Bank Corp's holdings in Broadcom were worth $25,918,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Providence First Trust Co raised its position in shares of Broadcom by 1,099.3% in the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer's stock valued at $2,944,000 after purchasing an additional 8,179 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Broadcom by 3.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer's stock valued at $109,492,000 after purchasing an additional 10,786 shares during the last quarter. Lmcg Investments LLC raised its position in shares of Broadcom by 9.4% in the 3rd quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer's stock valued at $12,854,000 after purchasing an additional 3,357 shares during the last quarter. Wright Investors Service Inc. raised its position in shares of Broadcom by 5.4% in the 3rd quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer's stock valued at $13,909,000 after purchasing an additional 2,178 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Broadcom by 10.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 77,411 shares of the semiconductor manufacturer's stock valued at $25,539,000 after purchasing an additional 7,499 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on AVGO. DA Davidson raised shares of Broadcom to a "hold" rating in a research report on Friday, February 13th. Wolfe Research raised shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a research report on Friday, January 30th. Mizuho reaffirmed an "outperform" rating and issued a $480.00 price objective on shares of Broadcom in a research report on Thursday, April 16th. Wells Fargo & Company upgraded shares of Broadcom from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $410.00 to $430.00 in a report on Thursday, January 15th. Finally, Royal Bank Of Canada cut their price target on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a report on Monday, March 2nd. 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $435.30.

Insider Buying and Selling at Broadcom

In other news, insider S. Ram Velaga sold 8,000 shares of the firm's 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 sale, the insider owned 57,932 shares of the company's stock, valued at $21,464,964.64. This trade represents a 12.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 2,018 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director directly owned 18,164 shares in the company, valued at $6,411,892. The trade was a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is currently owned by insiders.

Key Headlines Impacting Broadcom

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 Price Performance

Shares of NASDAQ:AVGO opened at $405.45 on Thursday. Broadcom Inc. has a twelve month low of $184.02 and a twelve month high of $429.31. The company's 50 day moving average is $345.69 and its 200 day moving average is $349.33. 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 company has a market cap of $1.92 trillion, a PE ratio of 79.19, a price-to-earnings-growth ratio of 0.86 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, topping 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 company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter in the prior year, the company earned $1.60 EPS. Broadcom's quarterly revenue was up 29.5% on a year-over-year basis. On average, sell-side analysts forecast that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Dividend Announcement

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. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom's dividend payout ratio (DPR) is presently 50.78%.

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.