Broadcom Inc. $AVGO Stock Holdings Lessened by Twin Capital Management Inc.

Twin Capital Management Inc. reduced its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 78,845 shares of the semiconductor manufacturer’s stock after selling 1,938 shares during the quarter. Broadcom accounts for 3.4% of Twin Capital Management Inc.’s holdings, making the stock its 5th largest holding. Twin Capital Management Inc.’s holdings in Broadcom were worth $27,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Baring Financial LLC lifted its position in Broadcom by 2.2% during the fourth 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. Five Oceans Advisors grew its position in shares of Broadcom by 0.4% during the 4th quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer’s stock worth $2,835,000 after purchasing an additional 29 shares in the last quarter. Private Wealth Partners LLC grew its position in Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock worth $1,410,000 after buying an additional 30 shares in the last quarter. Planning Alternatives Ltd. ADV grew its holdings in shares of Broadcom by 1.4% during the 3rd 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 in the last quarter. Finally, Bell Investment Advisors Inc increased its holdings in Broadcom by 1.9% in the 3rd quarter. Bell Investment Advisors Inc now owns 1,638 shares of the semiconductor manufacturer’s stock valued at $540,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 50,488 shares of Broadcom stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the sale, the insider owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider S. Ram Velaga sold 38,841 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the sale, the insider owned 96,147 shares of the company’s stock, valued at $30,920,875.20. This trade represents a 28.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 324,282 shares of company stock valued at $106,425,249 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AVGO has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating and issued a $490.00 price target (up from $475.00) on shares of Broadcom in a research note on Monday, May 18th. Royal Bank Of Canada cut their price target 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. JPMorgan Chase & Co. upped their target price on Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Zacks Research downgraded shares of Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $500.00 price target on shares of Broadcom in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus target price of $448.10.

Broadcom Stock Up 1.9%

Shares of NASDAQ:AVGO opened at $422.01 on Wednesday. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 82.42, a P/E/G ratio of 0.86 and a beta of 1.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The business’s 50-day moving average is $376.86 and its 200-day moving average is $356.93. Broadcom Inc. has a 1 year low of $231.13 and a 1 year high of $442.36.

Broadcom (NASDAQ:AVGO) 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 predict that Broadcom Inc. will post 9.91 earnings per share for the current year.

Broadcom Announces Dividend

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

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom announced the industry’s first end-to-end 50G PON edge AI portfolio, including a new home gateway SoC with an integrated NPU and native Wi?Fi 8 support, which supports the company’s AI-at-the-edge growth story. Article Title
• Positive Sentiment: Analysts continue to view Broadcom favorably, with an average rating of “Moderate Buy,” suggesting Wall Street still expects upside from its AI semiconductor and software businesses. Article Title
• Positive Sentiment: Recent commentary argues Broadcom remains a major beneficiary of custom silicon partnerships with hyperscale customers, keeping the AI revenue outlook strong. Article Title
• Positive Sentiment: Broadcom has also been highlighted as a preferred AI stock by high-profile investors, with one article noting Stanley Druckenmiller bought Broadcom while selling other AI names, which can support sentiment. Article Title
• Neutral Sentiment: Several articles framed Broadcom as a long-term AI infrastructure winner and noted expectations for continued earnings momentum, but these were mostly commentary rather than new company-specific catalysts. Article Title
• Neutral Sentiment: Broader semiconductor-sector pieces and AI-themed market articles may be adding tailwinds, but they do not appear to introduce a direct new risk for Broadcom. Article Title

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.