Gateway Investment Advisers LLC Sells 30,059 Shares of Broadcom Inc. $AVGO

Gateway Investment Advisers LLC trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 821,986 shares of the semiconductor manufacturer’s stock after selling 30,059 shares during the period. Broadcom accounts for approximately 2.6% of Gateway Investment Advisers LLC’s holdings, making the stock its 7th largest position. Gateway Investment Advisers LLC’s holdings in Broadcom were worth $271,182,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AVGO. Arrow Financial Corp raised its holdings in shares of Broadcom by 33.1% during the 3rd quarter. Arrow Financial Corp now owns 3,967 shares of the semiconductor manufacturer’s stock valued at $1,309,000 after purchasing an additional 987 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Broadcom by 4.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 125,918 shares of the semiconductor manufacturer’s stock worth $41,542,000 after buying an additional 5,803 shares during the last quarter. Fountainhead AM LLC increased its position in Broadcom by 2.5% during the third quarter. Fountainhead AM LLC now owns 13,289 shares of the semiconductor manufacturer’s stock worth $4,384,000 after buying an additional 326 shares during the last quarter. Radnor Capital Management LLC raised its holdings in Broadcom by 5.9% during the third quarter. Radnor Capital Management LLC now owns 6,751 shares of the semiconductor manufacturer’s stock valued at $2,227,000 after buying an additional 379 shares in the last quarter. Finally, SC&H Financial Advisors Inc. lifted its position in shares of Broadcom by 2.0% in the third quarter. SC&H Financial Advisors Inc. now owns 3,416 shares of the semiconductor manufacturer’s stock worth $1,127,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of Broadcom stock opened at $332.48 on Friday. The firm has a market cap of $1.58 trillion, a P/E ratio of 69.85, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. The firm’s 50-day simple moving average is $360.22 and its 200-day simple moving average is $329.83. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.08. The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 earnings per share. As a group, research analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $0.65 per share. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio is 54.62%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AVGO shares. Oppenheimer increased their price objective on Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Rosenblatt Securities boosted their target price on Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 target price on shares of Broadcom in a research report on Monday. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Robert W. Baird set a $420.00 price objective on shares of Broadcom in a research note on Friday, December 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and an average price target of $436.89.

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 1,928 shares of Broadcom stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total transaction of $631,998.40. Following the completion of the transaction, the insider directly owned 23,582 shares of the company’s stock, valued at approximately $7,730,179.60. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 30,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the completion of the sale, the chief financial officer directly owned 277,237 shares in the company, valued at approximately $96,428,573.34. The trade was a 9.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 780,701 shares of company stock worth $284,349,357 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Quarterly results beat estimates and revenue growth provide a fundamental tailwind; strong margins and cash flow support the longer‑term story for AVGO. Record earnings and demand
• Positive Sentiment: Product/AI strategy: Broadcom launched a next‑gen Wi‑Fi 8 platform and APU aimed at AI-era connectivity, reinforcing its positioning in networking and AI infrastructure — a multi‑quarter revenue driver. Wi‑Fi 8 expands connectivity portfolio
• Neutral Sentiment: Analyst and editorial coverage remains mixed but constructive over a multi‑quarter view: several pieces highlight AVGO as an AI/infra compounder whose AI monetization may be more meaningful in H2 2026 — helpful for medium‑term estimates but not an immediate catalyst. Seeking Alpha valuation piece
• Negative Sentiment: Insider selling by senior management has spooked some investors: CEO Hock E. Tan sold 70,000 shares (~$24.3M) and director Mark Brazeal sold 30,000 shares (~$10.4M) on Jan. 6 — filings are public and the transactions have been cited in market coverage as a near‑term negative. CEO Form 4 Director Form 4
• Negative Sentiment: Near‑term guidance/margin concerns and valuation pressure after a large 2025 run have prompted selling in the short term; coverage and headlines are emphasizing the margin guidance softness as the primary driver of recent weakness. Why shares are falling

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.