TB Alternative Assets Ltd. Makes New Investment in Broadcom Inc. $AVGO

Key Points

• TB Alternative Assets bought 16,120 shares of Broadcom (≈$5.58 million) in Q4, making the position about 0.9% of its portfolio and its 19th largest holding; roughly 76.4% of Broadcom is held by institutional investors.
• Major AI deals — Broadcom signed a long‑term agreement with Google to develop custom AI chips through 2031 and expanded capacity deals tied to Anthropic — spurring an after‑hours rally and prompting several firms to raise price targets; consensus rating is a "Moderate Buy" with an average target of $435.30.
• Broadcom posted a quarterly beat (EPS $2.05 vs. $2.03 expected) with revenue of $19.31 billion (+29.5% YoY), has a $1.49 trillion market cap, and declared a $0.65 quarterly dividend (annualized yield ~0.8%), while management has outlined an ambition for >$100B in AI chip revenue by 2027.

TB Alternative Assets Ltd. acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,120 shares of the semiconductor manufacturer's stock, valued at approximately $5,579,000. Broadcom accounts for about 0.9% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 19th largest position.

Other institutional investors have also made changes to their positions in the company. Miller Global Investments LLC purchased a new position in Broadcom in the 4th quarter valued at about $31,000. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom during the third quarter valued at about $31,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Broadcom during the second quarter worth about $28,000. Manning & Napier Advisors LLC acquired a new position in shares of Broadcom in the third quarter worth about $34,000. Finally, Navigoe LLC lifted its stake in shares of Broadcom by 515.0% in the third quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock worth $40,000 after acquiring an additional 103 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. UBS Group set a $475.00 target price on Broadcom and gave the company a "buy" rating in a research report on Monday, December 15th. TD Cowen reiterated a "buy" rating on shares of Broadcom in a research note on Friday, December 12th. The Goldman Sachs Group reissued a "buy" rating and set a $450.00 price target on shares of Broadcom in a research report on Monday, January 5th. Finally, Barclays restated an "overweight" rating and issued a $500.00 price target (up from $450.00) on shares of Broadcom in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Broadcom has a consensus rating of "Moderate Buy" and an average target price of $435.30.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long-term agreement with Google to develop and supply future generations of custom AI chips and other components for Google’s next‑generation AI racks through 2031, giving Broadcom multi‑year design wins and meaningful revenue visibility. Read More.
• Positive Sentiment: Broadcom expanded its strategic collaboration involving Anthropic, agreeing to provide additional computing capacity (reported ~3.5 GW of capacity sourced from Google’s AI processors), which supports near‑term utilization and potential recurring revenue from cloud/AI services. Read More.
• Positive Sentiment: Market reaction: the stock climbed in after‑hours trading after Broadcom filed the deal details, reflecting investor enthusiasm for large, long‑duration AI contracts and the potential uplift to AI chip and networking sales. Read More.
• Neutral Sentiment: Management outlook: CEO Hock Tan has outlined a vision that AI chip revenue could exceed $100 billion by 2027 — a bullish long‑term target that supports upside expectations but depends on execution, ramp timing and contract economics. Read More.
• Neutral Sentiment: Product diversification: Broadcom launched Symantec CBX, an AI‑powered cloud XDR/security platform that broadens its software/security mix and could smooth revenue cyclicality over time. Read More.
• Negative Sentiment: Analyst action: Erste Group trimmed its rating on Broadcom to Hold, a reminder that some sell‑side firms remain cautious on valuation and near‑term expectations despite the AI deal flow. Read More.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $314.43 on Tuesday. 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 capitalization of $1.49 trillion, a price-to-earnings ratio of 61.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61. The business has a 50 day simple moving average of $324.52 and a 200-day simple moving average of $342.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period last year, the business posted $1.60 earnings per share. As a group, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom's payout ratio is 50.78%.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 39,116 shares of Broadcom stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following the completion of the transaction, the insider directly owned 74,626 shares in the company, valued at $24,000,467.86. The trade was a 34.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kirsten M. Spears sold 36,292 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $11,671,507.20. Following the transaction, the chief financial officer directly owned 327,760 shares of the company's stock, valued at $105,407,616. This trade represents a 9.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 273,049 shares of company stock worth $88,300,115 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

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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