Smith Chas P & Associates PA Cpas Lowers Position in Broadcom Inc. $AVGO

Smith Chas P & Associates PA Cpas trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 42.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,186 shares of the semiconductor manufacturer’s stock after selling 1,636 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Broadcom were worth $721,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in shares of Broadcom in the second quarter worth approximately $18,579,549,000. Vanguard Group Inc. boosted its holdings in Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after buying an additional 6,222,802 shares during the period. Edgewood Management LLC bought a new position in Broadcom in the 2nd quarter worth $1,571,438,000. Massachusetts Financial Services Co. MA raised its position in shares of Broadcom by 115.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer’s stock valued at $1,658,680,000 after buying an additional 3,224,739 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Broadcom by 8.4% during the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock worth $10,598,641,000 after purchasing an additional 2,978,768 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadcom in a report on Monday, December 29th. Robert W. Baird set a $420.00 target price on shares of Broadcom in a research note on Friday, December 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price target on shares of Broadcom in a research report on Monday, January 5th. Wolfe Research upgraded Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a report on Friday, January 30th. Finally, Bank of America boosted their target price on Broadcom from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $432.13.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Jefferies reaffirmed a Buy rating and $500 price target, highlighting Broadcom’s leadership in AI and networking — a bullish signal for medium-term upside. Jefferies Reaffirms Buy
• Positive Sentiment: Product roadmap: Broadcom announced shipping of a custom 2nm compute SoC and a BroadPeak RF/SoC for advanced wireless infrastructure — supports long-term AI/6G revenue narratives. 2nm SoC & BroadPeak
• Positive Sentiment: Analyst targets remain elevated: several outlets point to a consensus 12‑month target near $454, reflecting expectations that continued AI semiconductor growth will re-rate the stock. $454 12‑Month Target
• Neutral Sentiment: Event risk: traders expect a sizable intraday swing when Broadcom reports Q1 after the close; that amplifies volatility around the print. Expected Post‑Earnings Volatility
• Neutral Sentiment: Pre-earnings previews expect record revenue but highlight margin dynamics tied to AI/XPU and networking — good top-line story, but margin cadence will be scrutinized. Q1 Preview
• Negative Sentiment: Royal Bank of Canada cut its price target (from $370 to $340) and moved to sector perform — a near-term bearish signal that may weigh on sentiment. RBC Lowers Target
• Negative Sentiment: American Banking News published a pessimistic forecast for AVGO, adding to cautious sell‑side chatter ahead of the report. Pessimistic Forecast
• Negative Sentiment: Governance/insider headlines: a report on CEO Hock Tan’s large 2025 pay package and continued insider selling may pressure sentiment among ESG‑sensitive investors. CEO Pay & Insider Selling
• Negative Sentiment: High-profile commentators and some analysts warn the stock is “hard to own” near-term due to valuation and margin concerns, which can amplify selling if earnings disappoint. Cramer: Too Hard to Own

Insider Buying and Selling at Broadcom

In other news, CFO Kirsten M. Spears sold 30,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 277,237 shares of the company’s stock, valued at $96,428,573.34. This represents a 9.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 1,928 shares of the business’s 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 sale, the insider directly owned 23,582 shares of the company’s stock, valued at approximately $7,730,179.60. The trade was a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 779,101 shares of company stock worth $283,804,325. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Performance

AVGO opened at $313.84 on Wednesday. The firm has a market capitalization of $1.49 trillion, a PE ratio of 65.93, a P/E/G ratio of 1.02 and a beta of 1.22. The firm has a 50 day moving average of $335.17 and a two-hundred day moving average of $342.86. 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.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.08. The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period last year, the firm earned $1.42 EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The company 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. The ex-dividend date was Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.

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.