Verdence Capital Advisors LLC Reduces Stock Holdings in Broadcom Inc. $AVGO

Verdence Capital Advisors LLC trimmed its position in Broadcom Inc. (NASDAQ:AVGO) by 15.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 80,033 shares of the semiconductor manufacturer’s stock after selling 14,139 shares during the period. Broadcom comprises 1.7% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Verdence Capital Advisors LLC’s holdings in Broadcom were worth $28,976,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AVGO. Tradewinds LLC. bought a new stake in Broadcom during the third quarter worth $2,544,000. WPG Advisers LLC increased its position in shares of Broadcom by 3.2% during the 3rd quarter. WPG Advisers LLC now owns 2,150 shares of the semiconductor manufacturer’s stock valued at $709,000 after purchasing an additional 66 shares during the last quarter. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Broadcom during the 3rd quarter valued at $275,000. Whelan Financial raised its stake in shares of Broadcom by 25.1% during the 3rd quarter. Whelan Financial now owns 5,346 shares of the semiconductor manufacturer’s stock worth $1,764,000 after purchasing an additional 1,073 shares during the period. Finally, Allstate Corp boosted its holdings in shares of Broadcom by 1,725.7% in the 3rd quarter. Allstate Corp now owns 162,775 shares of the semiconductor manufacturer’s stock worth $53,701,000 after buying an additional 153,859 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Large buying from high-profile investors supports demand: Cathie Wood’s ARK funds added over 143,000 AVGO shares, a vote of confidence that can buoy sentiment and flows. Cathie Wood Is Doubling Down on Broadcom Stock. Should You?
• Positive Sentiment: Analysts remain constructive — Broadcom has a consensus “Buy” rating from several street analysts, which helps support medium-term expectations. Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Rating of “Buy” from Analysts
• Positive Sentiment: Industry tailwinds from TSMC and Meta AI spending bolster Broadcom’s long-term growth case as a “picks-and-shovels” supplier to AI infrastructure. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
• Neutral Sentiment: Coverage pieces highlighting Broadcom’s past shareholder returns and strategic moves (e.g., buyback and deal-driven value creation) provide context but are less likely to move the stock intraday. How Broadcom Stock Delivered $51 Billion In Shareholder Value
• Neutral Sentiment: Company commentary and market stories about connectivity expansion and forecasts suggest steady execution but don’t change near-term catalyst timing. Broadcom Inc (NASDAQ:AVGO) Nasdaq Today Signals Connectivity Expansion
• Neutral Sentiment: Macro/sector coverage (AI “picks-and-shovels” theme) is supportive but broad; timing of capex by large customers will ultimately determine revenue cadence. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
• Negative Sentiment: Operational/legal risk flagged by a lawsuit over Broadcom’s control of critical software: Fidelity settled a case alleging Broadcom threatened to cut access to software central to Fidelity’s systems — the episode highlights customer concentration and counterparty risk. Fidelity settles lawsuit over access to ‘business-critical’ Broadcom software
• Negative Sentiment: Some institutional selling and position trimming (e.g., Cypress Funds cutting its stake) increases supply pressure and can amplify short-term weakness. Cypress Funds Llc Cuts Broadcom Inc. Stake by 29K Shares
• Negative Sentiment: Technical/flow headwinds: the stock is below key moving averages and underperformed peers in recent sessions, which can pressure momentum and trigger additional selling. Broadcom Inc. stock underperforms Wednesday when compared to competitors

Insider Activity at Broadcom

In other news, Director Henry Samueli sold 320,316 shares of Broadcom stock in a transaction on Monday, December 8th. The shares were sold at an average price of $400.53, for a total transaction of $128,296,167.48. Following the completion of the sale, the director directly owned 37,326,540 shares of the company’s stock, valued at approximately $14,950,399,066.20. The trade was a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Hock E. Tan sold 130,000 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total transaction of $42,382,600.00. Following the completion of the transaction, the chief executive officer owned 595,638 shares of the company’s stock, valued at $194,189,900.76. This trade represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 779,901 shares of company stock worth $284,069,237 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Down 1.6%

AVGO opened at $320.12 on Friday. The company has a fifty day moving average price of $357.20 and a 200-day moving average price of $335.75. The firm has a market capitalization of $1.52 trillion, a P/E ratio of 67.25, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter last year, the company earned $1.42 earnings per share. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. Equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share 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 paid a $0.65 dividend. This is an increase from Broadcom’s previous quarterly dividend of $0.59. 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, December 22nd. Broadcom’s payout ratio is 54.62%.

Analysts Set New Price Targets

Several brokerages have commented on AVGO. Royal Bank Of Canada began coverage on shares of Broadcom in a research report on Wednesday, January 14th. They issued a “sector perform” rating and a $370.00 price objective on the stock. Truist Financial increased their price target on Broadcom from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a research report on Monday, December 29th. Sanford C. Bernstein restated an “outperform” rating and set a $475.00 target price (up previously from $400.00) on shares of Broadcom in a research report on Friday, December 12th. Finally, Citigroup reiterated a “buy” rating on shares of Broadcom in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $438.61.

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.