Nixon Peabody Trust Co. Reduces Position in Broadcom Inc. $AVGO

Key Points

• Nixon Peabody Trust Co. trimmed its Broadcom stake by 3.6% in the fourth quarter, selling 3,454 shares and ending with 93,587 shares worth about $32.4 million.
• Broadcom remains heavily held by institutions, with hedge funds and other investors owning 76.43% of the stock. Several other funds also initiated or increased positions in the semiconductor maker during the quarter.
• Analysts stay constructive on AVGO, with an average Moderate Buy rating and target price of about $453.17, while recent product launches in Wi‑Fi 8, 50G PON edge AI, and a Samsung FWA platform highlight Broadcom’s growth push in connectivity and AI infrastructure.

Nixon Peabody Trust Co. lessened its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,587 shares of the semiconductor manufacturer's stock after selling 3,454 shares during the quarter. Broadcom comprises 2.4% of Nixon Peabody Trust Co.'s investment portfolio, making the stock its 11th biggest holding. Nixon Peabody Trust Co.'s holdings in Broadcom were worth $32,390,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AVGO. Miller Global Investments LLC purchased a new position in Broadcom during the 4th quarter worth approximately $31,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Broadcom in the 4th quarter valued at approximately $33,000. Family CFO Inc purchased a new position in shares of Broadcom in the 4th quarter valued at approximately $35,000. PayPay Securities Corp grew its stake in shares of Broadcom by 88.9% in the 4th quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock valued at $41,000 after purchasing an additional 56 shares during the last quarter. Finally, Camelot Portfolios LLC purchased a new position in shares of Broadcom in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first integrated Wi‑Fi 8 SoCs for mesh and multi-gigabit routers, extending its leadership in home networking chips and strengthening its position in a key growth market. Article Title
• Positive Sentiment: The company also launched the BCM68850, a 50G PON home gateway SoC with an integrated neural processor and Wi‑Fi 8 support, highlighting Broadcom’s push into edge AI and residential broadband infrastructure. Article Title
• Positive Sentiment: Broadcom’s collaboration with Samsung on a 5G and Wi‑Fi 8 fixed wireless access platform suggests expanding design wins and could support future revenue growth in broadband connectivity. Article Title
• Neutral Sentiment: Analysts continue to rate Broadcom a “Moderate Buy,” which supports a constructive but not dramatically changed view of the stock. Article Title
• Neutral Sentiment: Some market commentary is shifting investor focus toward Qualcomm’s new AI chip deal and broader semiconductor AI winners, which may temporarily distract from Broadcom’s momentum in the AI infrastructure trade. Article Title

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AVGO shares. TD Cowen reiterated a "buy" rating and issued a $500.00 target price (up from $405.00) on shares of Broadcom in a research note on Friday, May 15th. Rosenblatt Securities reiterated a "buy" rating and issued a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. Seaport Research Partners reiterated a "neutral" rating on shares of Broadcom in a research note on Wednesday, April 8th. Wells Fargo & Company reiterated an "overweight" rating and issued a $545.00 target price (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. Finally, DA Davidson upgraded Broadcom to a "hold" rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $453.17.

Insider Transactions at Broadcom

In related news, Director Gayla J. Delly sold 1,000 shares of Broadcom stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total value of $358,310.00. Following the sale, the director directly owned 32,352 shares in the company, valued at $11,592,045.12. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $712,354.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is owned by company insiders.

Broadcom Stock Down 0.0%

Broadcom stock opened at $421.86 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. Broadcom Inc. has a 1-year low of $234.43 and a 1-year high of $442.36. The company has a market cap of $2.00 trillion, a PE ratio of 82.39, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The stock's 50 day moving average price is $378.80 and its 200 day moving average price is $357.40.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The company's revenue for the quarter was up 29.5% compared to the same quarter last year. On average, sell-side analysts predict that Broadcom Inc. will post 9.91 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a $0.65 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom's payout ratio is 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.

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