Vaughan Nelson Investment Management L.P. Increases Stake in Broadcom Inc. $AVGO

Key Points

• Vaughan Nelson Investment Management more than doubled its stake in Broadcom (up 117.7%) in Q4, acquiring an additional 295,693 shares to hold 546,968 shares valued at about $189.3 million, making AVGO its ninth-largest position (1.9% of the fund).
• Broadcom reported strong quarterly results—$2.05 EPS (beat) and revenue of $19.31 billion (up 29.5% YoY)—and trades with a $1.49 trillion market cap while analysts show a consensus "Moderate Buy" and an average price target near $435.
• Despite positive operational news (a $970 million DISA contract and a new CFO hire from Alphabet), notable insider selling has occurred recently—including large sales by a senior insider and the CEO—with insiders offloading 373,049 shares (~$123 million) in the past 90 days, which may temper investor sentiment.

Vaughan Nelson Investment Management L.P. raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 117.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 546,968 shares of the semiconductor manufacturer's stock after acquiring an additional 295,693 shares during the period. Broadcom makes up 1.9% of Vaughan Nelson Investment Management L.P.'s holdings, making the stock its 9th largest position. Vaughan Nelson Investment Management L.P.'s holdings in Broadcom were worth $189,306,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AVGO. Baring Financial LLC grew its position in Broadcom by 2.2% during the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer's stock worth $470,000 after acquiring an additional 29 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its position in Broadcom by 0.6% in the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer's stock valued at $1,577,000 after purchasing an additional 30 shares during the last quarter. Jackson Hole Capital Partners LLC raised its position in Broadcom by 1.4% in the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer's stock valued at $716,000 after purchasing an additional 30 shares during the last quarter. Private Wealth Partners LLC boosted its stake in shares of Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock valued at $1,410,000 after purchasing an additional 30 shares in the last quarter. Finally, Planning Alternatives Ltd. ADV grew its holdings in shares of Broadcom by 1.4% during the third quarter. Planning Alternatives Ltd. ADV now owns 2,168 shares of the semiconductor manufacturer's stock worth $715,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $314.55 on Friday. The firm has a market capitalization of $1.49 trillion, a P/E ratio of 61.44, a P/E/G ratio of 0.67 and a beta of 1.24. The firm's 50-day moving average price is $324.73 and its 200-day moving average price is $343.16. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same period last year, the business posted $1.60 EPS. The firm's revenue for the quarter was up 29.5% compared to the same quarter last year. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Activity

In other news, insider Charlie B. Kawwas sold 39,116 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the transaction, the insider directly owned 74,626 shares of the company's stock, valued at $24,000,467.86. This represents a 34.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Hock E. Tan sold 70,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total value of $24,311,000.00. Following the completion of the transaction, the chief executive officer owned 132,836 shares in the company, valued at approximately $46,133,942.80. This represents a 34.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 373,049 shares of company stock valued at $123,024,715. Corporate insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several recent research reports. Truist Financial upped 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. DA Davidson upgraded shares of Broadcom to a "hold" rating in a research report on Friday, February 13th. UBS Group set a $475.00 price target on shares of Broadcom and gave the company a "buy" rating in a research report on Monday, December 15th. Wolfe Research raised shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target for the company in a research note on Friday, January 30th. Finally, Oppenheimer lifted their price target on shares of Broadcom from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Friday, December 12th. One equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Five‑year, $970M blanket purchase agreement with the Defense Information Systems Agency (DISA) via partner Carahsoft boosts recurring software/government revenue visibility and demonstrates Broadcom’s traction in public‑sector contracts. Broadcom (AVGO) and Carahsoft Announce $970M BPA with DISA
• Positive Sentiment: Appointment of Alphabet finance executive Amie Thuener as CFO (effective June 12) is framed as a governance/operational positive — adds Big Tech financial experience as Broadcom scales its AI chip and software businesses. Broadcom taps Alphabet executive Amie Thuener as next CFO
• Positive Sentiment: High‑profile investor support: reports that Ray Dalio remains bullish on Broadcom add institutional endorsement to the AI/software growth narrative. Broadcom Inc. (AVGO): Billionaire Ray Dalio Continues to Be Bullish
• Neutral Sentiment: Analyst and market commentary continues to emphasize Broadcom’s AI upside and long‑term moat, while noting the story is still early — supportive for sentiment but reliant on execution and product ramp. Broadcom's AI Story Is Still Early
• Negative Sentiment: Broker downgrade: Erste Group cut AVGO from "buy" to "hold," which can pressure flows and investor conviction in the near term. Finviz / coverage note
• Negative Sentiment: Insider selling: co‑founder Henry Samueli disclosed a record sale, drawing attention and potentially heightening investor caution about timing and valuation. What Henry Samueli’s Record Broadcom Sale Signals For AVGO Shareholders
• Negative Sentiment: Macro/sector risk: recent chip‑stock selloff tied to geopolitical tensions (Iran conflict, supply‑chain concerns) and a post‑earnings pullback (Zacks notes a ~5.5% decline since results) weigh on short‑term performance. Nvidia, Broadcom Drop as Chip Stocks Sell Off. Why War Is Hitting Them So Hard.

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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