Park Avenue Securities LLC Grows Stake in Broadcom Inc. $AVGO

Key Points

• Park Avenue Securities LLC raised its Broadcom stake by 4.0% in Q4 to 177,576 shares, buying an additional 6,860 shares and valuing its holding at about $61.46 million.
• Corporate insiders have been net sellers — CEO Hock E. Tan sold 70,000 shares and CFO Kirsten M. Spears sold 36,292 shares, with insiders offloading 528,970 shares worth $177.15 million last quarter, reducing insider ownership to 1.90%.
• Operational momentum and analyst sentiment remain positive: Broadcom began production shipments of the Tomahawk‑6, launched a PQC in‑flight encryption solution, reported a modest Q1 beat amid strong AI-driven demand, and carries a consensus Moderate Buy rating with a $435.30 price target.

Park Avenue Securities LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,576 shares of the semiconductor manufacturer's stock after buying an additional 6,860 shares during the quarter. Park Avenue Securities LLC's holdings in Broadcom were worth $61,459,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Miller Global Investments LLC bought a new stake in Broadcom in the fourth quarter valued at $31,000. JCIC Asset Management Inc. bought a new position in Broadcom in the 3rd quarter worth $31,000. Longfellow Investment Management Co. LLC bought a new position in Broadcom in the 2nd quarter worth $27,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Broadcom in the 2nd quarter worth about $28,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Broadcom in the 3rd quarter worth about $34,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 70,000 shares of the company's stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total transaction of $24,311,000.00. Following the transaction, the chief executive officer owned 132,836 shares of the company's stock, valued at approximately $46,133,942.80. This represents a 34.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 36,292 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the sale, the chief financial officer owned 327,760 shares in the company, valued at approximately $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 528,970 shares of company stock valued at $177,150,321 over the last quarter. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

AVGO has been the topic of several research analyst reports. Oppenheimer boosted their price target on shares of Broadcom from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. Wells Fargo & Company raised 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 research note on Thursday, January 15th. Citigroup raised their price objective on shares of Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Robert W. Baird set a $420.00 price objective on Broadcom in a research report on Friday, December 12th. Finally, DA Davidson upgraded Broadcom to a "hold" rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom began production‑volume shipments of the Tomahawk‑6 102.4 Tbps switch — a commercialization milestone that supports near‑term revenue from AI networking buildouts. Tomahawk‑6 Production Volume Shipping
• Positive Sentiment: Broadcom announced shipping the industry’s first end‑to‑end post‑quantum‑cryptography (PQC) safe, in‑flight network encryption solution — a product win that can expand enterprise networking addressable market. PQC Network Encryption Shipping
• Positive Sentiment: Quarterly results and commentary point to heavy AI-driven demand (semiconductor AI revenue up materially and hyperscaler ramps) and management guidance implying faster top‑line growth into Q2 — a tailwind for earnings expectations. Q1 Results & Guidance
• Positive Sentiment: Public confirmation of a custom‑chip relationship with Meta (MTIA) and new optical/400G products strengthen Broadcom’s positioning in hyperscaler AI networking and XPU ecosystems. Meta MTIA & Optical Tech
• Neutral Sentiment: Analyst reaction is mixed — several price‑target raises and bullish notes coexist with critical takes; consensus remains a "Moderate Buy" but creates two‑way trading pressure. Analyst Activity
• Negative Sentiment: Clustered insider selling: multiple executives (including CFO Kirsten Spears and other officers) sold large blocks on March 16–17, which can sap investor confidence and pressure the tape short‑term. Kirsten M. Spears Form 4 (SEC)
• Negative Sentiment: Cloud industry group has petitioned EU regulators for an interim measure over Broadcom’s changes to VMware programs, raising regulatory/legal uncertainty in Europe around its software franchise. EU Interim Measure Request (Reuters)
• Negative Sentiment: Technical downside risk: chart analysts flag a nine‑week symmetrical triangle with a potential breakdown and growing bearish momentum — this can amplify selling if key supports fail. Technical Breakdown Signal

Broadcom Trading Down 2.9%

AVGO stock opened at $310.51 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61. The stock has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 60.65, a price-to-earnings-growth ratio of 0.69 and a beta of 1.22. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The firm's fifty day simple moving average is $330.43 and its two-hundred day simple moving average is $344.98.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) 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 firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same quarter last year, the business earned $1.60 EPS. The business's revenue was up 29.5% on a year-over-year basis. As a group, analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a $0.65 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom's dividend payout ratio (DPR) is presently 50.78%.

Broadcom 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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