Myriad Asset Management US LP Sells 9,137 Shares of Broadcom Inc. $AVGO

Key Points

• Myriad Asset Management US LP cut its Broadcom stake by 72%, selling 9,137 shares and leaving 3,553 shares valued at about $1.23 million (Broadcom is ~2.1% of the fund and its 11th largest holding).
• Broadcom is being re‑rated on positive catalysts — multi‑year AI chip deals with Google and Anthropic, several analyst price‑target increases and broad institutional buying — producing a consensus "Moderate Buy" and an average target of $435.30.
• Significant insider selling has occurred recently: insiders sold 315,282 shares worth roughly $103.1 million in the last 90 days, leaving insiders with about 1.9% ownership.

Myriad Asset Management US LP cut its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 72.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,553 shares of the semiconductor manufacturer's stock after selling 9,137 shares during the quarter. Broadcom comprises approximately 2.1% of Myriad Asset Management US LP's holdings, making the stock its 11th biggest position. Myriad Asset Management US LP's holdings in Broadcom were worth $1,230,000 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 the company. Invesco Ltd. grew its stake in shares of Broadcom by 1.8% in the third quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer's stock valued at $12,915,861,000 after buying an additional 700,021 shares in the last quarter. Legal & General Group Plc boosted its position in Broadcom by 2.3% during the third quarter. Legal & General Group Plc now owns 33,450,786 shares of the semiconductor manufacturer's stock worth $11,035,749,000 after purchasing an additional 748,709 shares during the period. Alliancebernstein L.P. boosted its position in Broadcom by 3.7% during the second quarter. Alliancebernstein L.P. now owns 30,598,590 shares of the semiconductor manufacturer's stock worth $8,434,501,000 after purchasing an additional 1,084,776 shares during the period. Franklin Resources Inc. boosted its position in Broadcom by 4.0% during the third quarter. Franklin Resources Inc. now owns 29,511,195 shares of the semiconductor manufacturer's stock worth $9,736,038,000 after purchasing an additional 1,124,590 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Broadcom by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 26,990,925 shares of the semiconductor manufacturer's stock worth $7,450,161,000 after purchasing an additional 778,820 shares during the period. 76.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Broadcom from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Friday, December 12th. KeyCorp reaffirmed an "overweight" rating and set a $500.00 price objective (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Mizuho set a $480.00 price objective on shares of Broadcom and gave the stock an "outperform" rating in a research report on Friday, January 9th. Citigroup lifted their price objective on shares of Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year AI chip deals with hyperscalers (Google, Anthropic), underpinning expectations for durable, high‑margin AI revenue growth and licensing/accelerator demand. Article Title
• Positive Sentiment: Market writeups credit the Google/Anthropic deals for today’s rally and re‑rate Broadcom as a major AI infrastructure beneficiary vs. peers — coverage notes that Broadcom’s business model (custom accelerators + networking) captures hyperscaler capex. Article Title
• Positive Sentiment: Large investors and well‑known managers appear to be increasing exposure (reports on Israel Englander, Ken Fisher adding AVGO), which supports institutional momentum and can amplify price moves. Article Title
• Neutral Sentiment: Short‑interest data in the April snapshot is effectively meaningless (shows zero/NaN), so it provides no actionable signal about bearish positioning or squeeze risk at present.
• Negative Sentiment: Analyst/framing pushback: Seaport Global downgraded Broadcom and Seaport Research gave a "Neutral" rating, while at least one major bank reset its forecast — these notes reflect concern about industry limits, margins sustainability, or valuation and may cap upside until clarity on deal economics arrives. Article Title Article Title

Insider Buying and Selling

In other news, Director Justine Page sold 2,018 shares of the business's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total value of $712,354.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider S. Ram Velaga sold 17,260 shares of the business's stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $352.12, for a total transaction of $6,077,591.20. Following the completion of the sale, the insider directly owned 65,932 shares of the company's stock, valued at approximately $23,215,975.84. The trade was a 20.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 315,282 shares of company stock valued at $103,102,779 in the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

Broadcom Trading Up 4.7%

Shares of Broadcom stock opened at $371.46 on Friday. The firm has a 50-day moving average of $326.18 and a 200-day moving average of $343.09. The stock has a market cap of $1.76 trillion, a PE ratio of 72.55, a PEG ratio of 0.74 and a beta of 1.24. Broadcom Inc. has a 52-week low of $161.61 and a 52-week high of $414.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

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 analysts' consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. Broadcom's quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 earnings per share. As a group, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's payout ratio 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.

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.