Palo Alto Wealth Advisors LLC Purchases 2,494 Shares of Broadcom Inc. $AVGO

Palo Alto Wealth Advisors LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 87.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,331 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,494 shares during the period. Broadcom accounts for approximately 1.1% of Palo Alto Wealth Advisors LLC’s portfolio, making the stock its 17th biggest position. Palo Alto Wealth Advisors LLC’s holdings in Broadcom were worth $1,876,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JCIC Asset Management Inc. bought a new stake in Broadcom during the 3rd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC bought a new position in Broadcom in the second quarter valued at approximately $27,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Broadcom in the second quarter valued at approximately $28,000. Manning & Napier Advisors LLC bought a new stake in shares of Broadcom during the third quarter worth $34,000. Finally, New England Capital Financial Advisors LLC acquired a new stake in shares of Broadcom during the second quarter worth $31,000. 76.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVGO. Susquehanna reaffirmed a “positive” rating and issued a $450.00 target price (up from $400.00) on shares of Broadcom in a research note on Thursday, December 4th. Citigroup upped their price objective on Broadcom from $458.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays reissued an “overweight” rating and issued a $500.00 target price (up from $450.00) on shares of Broadcom in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft set a $430.00 price target on Broadcom and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Zacks Research downgraded shares of Broadcom from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $435.03.

Broadcom Trading Up 4.9%

Shares of Broadcom stock opened at $332.97 on Friday. The stock has a market cap of $1.58 trillion, a P/E ratio of 65.03, a P/E/G ratio of 1.02 and a beta of 1.22. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61. The business’s 50 day moving average is $334.17 and its 200-day moving average is $342.61.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 39.28%. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 earnings per share. Equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal 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. This is an increase 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 yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is 50.78%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 beat and strong guidance — Broadcom reported $2.05 EPS vs. ~$2.03 consensus and $19.31B revenue (up ~29.5% YoY). Management guided Q2 revenue around $22.0B (well above consensus) and announced a $10B buyback, signaling confidence in demand. Broadcom Q1 results & buyback (PR Newswire)
• Positive Sentiment: AI revenue surge and long-term AI thesis — AI semiconductor sales more than doubled (reported ~106% YoY, ~$8.4B), and CEO Hock Tan projected AI chip sales “significantly in excess of $100B” in 2027 — comments that pushed investor conviction around sustainable AI demand. Reuters: Broadcom >$100B AI chip sales outlook
• Positive Sentiment: Wall Street upgrades and higher price targets — Multiple firms raised ratings/targets (JPMorgan, Citigroup, Truist, Rosenblatt and others), driving momentum and providing fresh buy-side support. Finbold: Analysts upgrade Broadcom after earnings
• Neutral Sentiment: Product progress and roadmap — Broadcom has started shipping advanced 3.5D/2nm custom compute SoCs and added XPU customers, which supports longer-term competitive positioning but will take time to translate into sustained margin expansion. Yahoo Finance: Broadcom ships 3.5D compute SoC
• Neutral Sentiment: Sector tailwinds — The broad semiconductor/AI capex theme is lifting interest in AVGO via ETFs and sector flows; this supports multiple catalysts but also ties AVGO to broader chip-cycle sentiment. MarketBeat: AI capex and semiconductor ETFs
• Negative Sentiment: Software segment weakness — Infrastructure software (including VMware-related revenue) grew only ~1% YoY, and analysts/writers flagged software as a drag that could limit overall margin upside. WSJ: AI business booming; software complicated
• Negative Sentiment: Regulatory/export risk and analyst caution — Reports that U.S. export rules for AI chips could tighten and at least one analyst downgrade/trading reaction introduce execution and geopolitical risk that could re-rate multiples. Investopedia: potential new export rules American Banking News: trading down after downgrade

Insiders Place Their Bets

In other Broadcom news, Director Henry Samueli sold 320,316 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $400.53, for a total value of $128,296,167.48. Following the sale, the director owned 37,326,540 shares in the company, valued at $14,950,399,066.20. This represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total value of $42,382,600.00. Following the transaction, the chief executive officer owned 595,638 shares of the company’s stock, valued at $194,189,900.76. This represents a 17.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 779,101 shares of company stock worth $283,804,325. Company insiders own 2.00% of the company’s stock.

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.