Vantage Investment Partners LLC Sells 3,665 Shares of Broadcom Inc. $AVGO

Key Points

• Vantage Investment Partners LLC trimmed its Broadcom stake by 6.3% in the fourth quarter, selling 3,665 shares and leaving it with 54,584 shares valued at about $18.9 million.
• Broadcom continues to post strong operating results and product momentum, including a recent quarter that beat earnings and revenue estimates, plus new launches in Wi‑Fi 8, 50G PON edge AI, and 5G/Wi‑Fi 8 fixed wireless access.
• Analysts remain constructive on the stock, with a consensus “Moderate Buy” rating and an average price target of $453.17, even as some firms recently lowered targets or downgraded the shares.

Vantage Investment Partners LLC reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,584 shares of the semiconductor manufacturer's stock after selling 3,665 shares during the quarter. Broadcom comprises about 1.3% of Vantage Investment Partners LLC's investment portfolio, making the stock its 24th biggest position. Vantage Investment Partners LLC's holdings in Broadcom were worth $18,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Miller Global Investments LLC bought a new position in shares of Broadcom during the fourth quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. bought a new position in shares of Broadcom during the fourth quarter valued at approximately $33,000. Family CFO Inc bought a new position in shares of Broadcom during the fourth quarter valued at approximately $35,000. PayPay Securities Corp grew its stake in shares of Broadcom by 88.9% during the fourth quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock valued at $41,000 after buying an additional 56 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new position in shares of Broadcom during the fourth quarter valued at approximately $45,000. 76.43% of the stock is owned by institutional investors.

Key Stories Impacting 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

Broadcom Stock Down 0.0%

Shares of NASDAQ AVGO opened at $421.86 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The firm has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 82.39, a PEG ratio of 0.87 and a beta of 1.43. The stock has a 50 day moving average price of $378.80 and a 200 day moving average price of $357.40. Broadcom Inc. has a 52-week low of $234.43 and a 52-week high of $442.36.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.Broadcom's revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 earnings per share. Sell-side analysts expect that Broadcom Inc. will post 9.91 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 0.6%. Broadcom's dividend payout ratio is currently 50.78%.

Analysts Set New Price Targets

AVGO has been the topic of a number of analyst reports. Royal Bank Of Canada cut their target price on Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a research note on Monday, March 2nd. Erste Group Bank cut Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Benchmark reiterated a "buy" rating and issued a $485.00 price target on shares of Broadcom in a report on Thursday, March 5th. Citigroup reiterated a "buy" rating and issued a $500.00 price target (up from $475.00) on shares of Broadcom in a report on Tuesday, May 12th. Finally, Mizuho reiterated an "outperform" rating and issued a $480.00 price target on shares of Broadcom in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $453.17.

Insider Activity at Broadcom

In other Broadcom news, Director Justine Page sold 2,018 shares of the company's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director owned 18,164 shares in the company, valued at $6,411,892. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the company's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total value of $3,452,300.00. Following the sale, the insider owned 787,184 shares of the company's stock, valued at approximately $271,759,532.32. This represents a 1.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 324,282 shares of company stock valued at $106,425,249 over the last 90 days. 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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