Picton Mahoney Asset Management Has $65.40 Million Holdings in Broadcom Inc. $AVGO

Picton Mahoney Asset Management lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 198,249 shares of the semiconductor manufacturer’s stock after selling 7,797 shares during the period. Broadcom comprises approximately 0.6% of Picton Mahoney Asset Management’s investment portfolio, making the stock its 27th biggest holding. Picton Mahoney Asset Management’s holdings in Broadcom were worth $65,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. Arthur M. Cohen & Associates LLC grew its holdings in Broadcom by 0.6% during the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock worth $1,577,000 after buying an additional 30 shares in the last quarter. Jackson Hole Capital Partners LLC boosted its holdings in Broadcom by 1.4% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock worth $716,000 after acquiring an additional 30 shares during the last quarter. Private Wealth Partners LLC grew its stake in shares of Broadcom by 0.7% in the 3rd quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock worth $1,410,000 after acquiring an additional 30 shares in the last quarter. McHugh Group LLC raised its holdings in shares of Broadcom by 0.4% in the third quarter. McHugh Group LLC now owns 8,433 shares of the semiconductor manufacturer’s stock valued at $2,782,000 after purchasing an additional 31 shares during the last quarter. Finally, Smith Thornton Advisors LLC raised its holdings in shares of Broadcom by 1.4% in the third quarter. Smith Thornton Advisors LLC now owns 2,313 shares of the semiconductor manufacturer’s stock valued at $763,000 after purchasing an additional 31 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Jefferies reaffirmed a Buy rating with a $500 price target, highlighting Broadcom’s leadership in AI chips and networking — a bullish signal for long‑term growth expectations. Broadcom Inc. (AVGO) Leads AI and Networking Expansion, Jefferies Reaffirms Buy
• Positive Sentiment: Product momentum: Broadcom announced shipments of a 2nm custom compute SoC and launched BroadPeak RF front‑end chips targeting AI clusters and future 6G telecom infrastructure — supports revenue growth in data center and telecom end markets. Broadcom’s 2nm SoC And BroadPeak Aim At AI And 6G Growth
• Positive Sentiment: Street targets remain elevated: analyst consensus/coverage implies a substantially higher 12‑month target (around $450–$454), reflecting expectations that AI semiconductor revenue growth could drive a re‑rating over the next 12 months. Broadcom (AVGO) Is Trading 25% Below Its Recent High: Here’s Why $454 Is the 12-Month Price Target
• Neutral Sentiment: Near‑term catalyst: Q1 earnings are due after the close tomorrow — consensus expects record revenue driven by AI chips and VMware, but the print will be watched closely for margins and guidance. That report is the likely proximate cause of today’s volatility. Broadcom (AVGO) To Report Earnings Tomorrow: Here Is What To Expect
• Neutral Sentiment: Earnings previews highlight strong semiconductor revenue (AI demand) but warn of margin pressure as higher mix of XPU/networking sales could compress near‑term margins — mixed implications for the quarter. Buy Broadcom Stock as Q1 Results Approach or Choose Nvidia Instead?
• Negative Sentiment: Governance/insider signal: a new filing and QuiverQuant summary show CEO Hock E. Tan’s 2025 pay disclosed near $205M and heavy insider selling activity across senior executives — a potential investor concern on optics and alignment. Broadcom Inc. ($AVGO) CEO 2025 Pay Revealed
• Negative Sentiment: Royal Bank of Canada cut its price target to $340 and moved to “sector perform,” signaling some near‑term skepticism on upside from current levels. Benzinga coverage of RBC cut
• Negative Sentiment: Market/flow cautions: commentators including Jim Cramer and valuation checks note the stock is “hard to own” right now due to stretched multiples and recent pullback — amplifies selling pressure into the earnings event. Jim Cramer on Broadcom: “This Is One of Those That’s Just Too Hard to Own Right Now”

Broadcom Trading Down 1.6%

NASDAQ:AVGO opened at $313.84 on Wednesday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $335.17 and its 200 day moving average is $342.86. The stock has a market capitalization of $1.49 trillion, a PE ratio of 65.93, a price-to-earnings-growth ratio of 1.02 and a beta of 1.22.

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

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.65 dividend. This is an increase from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s payout ratio is 54.62%.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the sale, the chief executive officer owned 132,836 shares of the company’s stock, valued at $46,133,942.80. The trade was a 34.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 1,928 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $327.80, for a total transaction of $631,998.40. Following the sale, the insider owned 23,582 shares in the company, valued at $7,730,179.60. The trade was a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 779,101 shares of company stock worth $283,804,325 in the last ninety days. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AVGO shares. Piper Sandler restated an “overweight” rating and set a $430.00 price target (up from $375.00) on shares of Broadcom in a report on Friday, December 12th. Wells Fargo & Company raised shares of Broadcom from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $410.00 to $430.00 in a research report on Thursday, January 15th. Robert W. Baird set a $420.00 target price on Broadcom in a report on Friday, December 12th. Truist Financial increased their price target on Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, TD Cowen reissued a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Broadcom currently has an average rating of “Buy” and a consensus target price of $432.13.

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.