288,680 Shares in Broadcom Inc. $AVGO Acquired by FengHe Fund Management Pte. Ltd.

FengHe Fund Management Pte. Ltd. acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 288,680 shares of the semiconductor manufacturer’s stock, valued at approximately $99,912,000. Broadcom makes up approximately 5.6% of FengHe Fund Management Pte. Ltd.’s investment portfolio, making the stock its 5th largest holding.

A number of other large investors have also added to or reduced their stakes in AVGO. Arrowstreet Capital Limited Partnership boosted its stake in Broadcom by 499.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer’s stock valued at $1,858,789,000 after purchasing an additional 4,694,313 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Broadcom by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock worth $167,064,997,000 after purchasing an additional 3,919,715 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Broadcom by 47.5% during the fourth quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer’s stock valued at $3,406,211,000 after purchasing an additional 3,160,586 shares in the last quarter. Danske Bank A S bought a new position in shares of Broadcom during the third quarter valued at $987,488,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Broadcom by 41.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer’s stock valued at $2,811,046,000 after buying an additional 2,503,304 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management guidance and commentary continue to point to rapid AI-driven revenue growth, reinforcing the company’s core growth narrative and supporting premium multiples. MSN: Broadcom guidance reveals breakneck AI revenue growth TheStreet: Broadcom guidance reveals one signal
• Positive Sentiment: Broadcom is cited as a hyperscale customer in Corning’s large fiber/pipeline contracts, which signals sustained capital spending across data-center supply chains that benefits Broadcom’s infrastructure franchise. MarketBeat: Corning article referencing Broadcom
• Positive Sentiment: Product/integration momentum: Broadcom announced VMware Cloud Foundation 9.1 aimed at production AI infrastructure, underscoring the software + silicon positioning that can deepen customer relationships and recurring revenue. GlobeNewswire: VMware Cloud Foundation 9.1
• Neutral Sentiment: Analyst write-ups and screens (Zacks and other outlets) highlight AVGO as a trending/high?ROE/dividend-growth name — bullish narratives that may already be priced in after recent gains. Zacks: AVGO trending stock
• Neutral Sentiment: Broadcom was part of a broader “hot chip” rally that pushed several names to 52?week highs; sector momentum helps AVGO but also raises short?term volatility and profit?taking risk. MSN: 52-week highs amid hot chip rally
• Negative Sentiment: Technical/competitive risk: packaging and interposer dynamics in high?end AI chips (e.g., alternatives like Intel’s EMIB approach) could shift design wins or cost structures in ways that affect share of wallet for certain ecosystem players. 247WallSt: AI chip packaging constraints / Intel EMIB

Analyst Ratings Changes

Several equities research analysts recently commented on the company. DA Davidson upgraded Broadcom to a “hold” rating in a report on Friday, February 13th. Bank of America dropped their price target on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Benchmark reiterated a “buy” rating and issued a $485.00 price target on shares of Broadcom in a research note on Thursday, March 5th. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada dropped their target price on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and a consensus price target of $435.30.

Insider Transactions at Broadcom

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the completion of the sale, the insider owned 57,932 shares of the company’s stock, valued at approximately $21,464,964.64. The trade was a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 1,000 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the sale, the director owned 32,352 shares of the company’s stock, valued at approximately $11,592,045.12. The trade was a 3.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 324,282 shares of company stock worth $106,425,249 over the last three months. 1.90% of the stock is currently owned by insiders.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $425.44 on Thursday. 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 stock has a market capitalization of $2.01 trillion, a PE ratio of 83.09, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. The firm’s 50 day moving average price is $351.15 and its 200-day moving average price is $350.83. Broadcom Inc. has a twelve month low of $198.43 and a twelve month high of $437.68.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same period in the previous year, the business posted $1.60 earnings per share. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. Equities research analysts expect that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom’s dividend 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.