Munich Reinsurance Co Stock Corp in Munich Has $97.32 Million Stock Position in Broadcom Inc. $AVGO

Key Points

• Munich Reinsurance Co Stock Corp in Munich cut its Broadcom stake by 9.3% in Q4 to 278,187 shares worth $97.32 million, making AVGO its sixth-largest position at roughly 2.4% of the firm's holdings.
• Broadcom beat Q4 EPS and grew revenue 29.5% year-over-year, trades near a ~$2 trillion market cap and carries a consensus "Moderate Buy" with an average price target of $435.30 as analysts point to surging AI demand and large hyperscaler deals (including a reported multi-year AI chip agreement with Meta) underpinning the outlook.
• Insiders have sold 324,282 shares valued at about $106.4 million in the past 90 days (insiders now own 1.9%), which may signal near-term selling pressure despite 76.43% institutional ownership.

Munich Reinsurance Co Stock Corp in Munich cut its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,187 shares of the semiconductor manufacturer's stock after selling 28,511 shares during the quarter. Broadcom comprises approximately 2.4% of Munich Reinsurance Co Stock Corp in Munich's holdings, making the stock its 6th biggest position. Munich Reinsurance Co Stock Corp in Munich's holdings in Broadcom were worth $97,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AVGO. JCIC Asset Management Inc. bought a new position in Broadcom during the third quarter worth $31,000. Miller Global Investments LLC bought a new position in Broadcom during the fourth quarter worth $31,000. Nvest Wealth Strategies Inc. bought a new position in Broadcom during the fourth quarter worth $33,000. Manning & Napier Advisors LLC bought a new position in Broadcom during the third quarter worth $34,000. Finally, Family CFO Inc bought a new position in Broadcom during the fourth quarter worth $35,000. 76.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AVGO shares. Weiss Ratings cut shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. DA Davidson raised shares of Broadcom to a "hold" rating in a research report on Friday, February 13th. Seaport Research Partners reaffirmed a "neutral" rating on shares of Broadcom in a research report on Wednesday, April 8th. Morgan Stanley lifted their price objective on shares of Broadcom from $462.00 to $470.00 and gave the stock an "overweight" rating in a research report on Friday, March 6th. Finally, Truist Financial lifted their target price on Broadcom from $510.00 to $545.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

Broadcom Price Performance

AVGO stock opened at $421.28 on Monday. The company has a market cap of $1.99 trillion, a PE ratio of 82.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The business has a 50-day simple moving average of $347.36 and a 200 day simple moving average of $349.79. Broadcom Inc. has a 52 week low of $195.94 and a 52 week high of $429.31. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business's quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 earnings per share. Sell-side analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Announces Dividend

The company 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. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom's payout ratio is 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI demand and bullish fiscal outlook — Analysts point to surging AI revenues, new XPU and networking products and a bullish fiscal‑2026 outlook as the core growth thesis supporting AVGO’s rally. Broadcom Shares Trade Near 52-Week High: Can the Rally Continue?
• Positive Sentiment: Large customer deals — Reports say Broadcom reached a multi‑year AI chip agreement with Meta, boosting near‑term revenue visibility from a top hyperscaler. Broadcom just reached a 3-year AI chip deal with Meta. Does that make AVGO stock a buy?
• Positive Sentiment: Hyperscaler capex tailwinds — Strong Google and Meta earnings and guidance point to continued AI capex (TPUs, custom networking), directly supporting Broadcom’s product demand outlook. Big-Tech Earnings: Google and Meta's Results Support Broadcom's Outlook
• Positive Sentiment: Product and market‑cap milestones — Broadcom unveiled Wi‑Fi 8 and optimized 10G PON chips for broadband and recently crossed roughly a $2 trillion valuation, reinforcing market confidence in both product roadmap and scale. Broadcom Accelerates Multi‑Gig Broadband with Optimized 10G PON and Wi‑Fi 8 Solutions for Mass Market
• Neutral Sentiment: Institutional buying — Notable investors and funds have increased stakes in AVGO, signaling confidence but not guaranteeing further upside. Alecta Pensionsforsakring Boosts Broadcom Stake by 398,900 Shares
• Neutral Sentiment: Sector rotation and comparisons — Commentary comparing AVGO to peers (AMD, NVDA) highlights relative strength but also shows investors weighing which chip names will best capture the AI build‑out. Why AMD, AVGO are outperforming Nvidia after Big Tech earnings
• Negative Sentiment: Overbought / supply risk — A Schwab analyst warns chip stocks have experienced a sharp rally and face “overhead supply” risk, suggesting potential pullbacks or increased volatility if buyers pause. Schwab Analyst: Chip Stocks Face ‘Overhead Supply' Risk After 50% Rally Off March Lows

Insider Activity at Broadcom

In other news, insider Mark David Brazeal sold 50,488 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 278,141 shares in the company, valued at approximately $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Justine Page sold 2,018 shares of the business's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total value of $712,354.00. Following the sale, the director owned 18,164 shares in the company, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 324,282 shares of company stock valued at $106,425,249. Corporate insiders own 1.90% of the company's stock.

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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