Broadcom Inc. $AVGO Position Raised by South Plains Financial Inc.

South Plains Financial Inc. lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 40.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,294 shares of the semiconductor manufacturer’s stock after buying an additional 2,111 shares during the period. Broadcom makes up 1.5% of South Plains Financial Inc.’s holdings, making the stock its 12th largest position. South Plains Financial Inc.’s holdings in Broadcom were worth $2,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AVGO. JCIC Asset Management Inc. purchased a new position in shares of Broadcom during the 3rd quarter valued at about $31,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Broadcom in the 2nd quarter worth $27,000. Teachers Insurance & Annuity Association of America acquired a new stake in Broadcom during the 2nd quarter worth about $28,000. Manning & Napier Advisors LLC acquired a new position in Broadcom during the third quarter worth $34,000. Finally, New England Capital Financial Advisors LLC acquired a new position in shares of Broadcom during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director Harry L. You acquired 1,000 shares of Broadcom stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of $325.13 per share, for a total transaction of $325,130.00. Following the completion of the purchase, the director directly owned 36,602 shares of the company’s stock, valued at $11,900,408.26. This trade represents a 2.81% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 owned 23,582 shares in the company, valued at $7,730,179.60. This trade represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 458,785 shares of company stock worth $155,508,157 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of research reports. UBS Group set a $475.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Monday, December 15th. Morgan Stanley boosted their target price on shares of Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $430.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research note on Friday, December 12th. Bank of America cut their price target on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $430.00 target price (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom presently has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Morgan Stanley raised its price target on AVGO to $470 and kept an Overweight rating after Broadcom’s strong quarterly print, reinforcing buy-side conviction. Morgan Stanley Raises PT on Broadcom
• Positive Sentiment: Broadcom began shipping a market-leading 102.4 Tbps switch (Tomahawk 6 family), strengthening its position in AI-scale networking hardware. Broadcom Now Shipping World’s First 102.4 Tbps Switch
• Positive Sentiment: Product wins for AI networking continued with Broadcom’s 3nm 400G/lane optical DSP (Taurus BCM83640), enabling higher-bandwidth transceivers for AI data centers. Broadcom Delivers Industry’s First 400G/lane Optical DSP
• Positive Sentiment: Broadcom has publicly forecasted an addressable AI-chip opportunity (reports cite >$100B in AI chip sales in 2027), supporting longer-term revenue upside and market-share gains vs. peers. Broadcom Rises on AI Chip Sales Forecasts for 2027
• Positive Sentiment: Coverage and bullish commentary (Seeking Alpha, Yahoo Finance) highlight new liquid-cooled XPUs and optics as additional catalysts that triggered recent rallies. Broadcom Is Up After Liquid-Cooled AI XPUs & 400G Optics
• Neutral Sentiment: Broadcom honored channel partners (11:11 Systems named VMware Cloud Service Provider Partner of the Year), a routine corporate recognition with limited stock impact. 11:11 Systems Named Broadcom VMware Cloud Service Provider Partner of the Year
• Neutral Sentiment: Published short-interest figures in recent data appear erroneous (reported as zero shares); no clear signal of elevated short pressure. (Likely a data/reporting issue.)
• Negative Sentiment: Despite positive catalysts, AVGO carries a rich valuation (P/E ~65) and is trading below its 200‑day moving average — factors that can prompt profit-taking or restraint from value-oriented funds and help explain intraday softness.

Broadcom Stock Performance

AVGO opened at $335.97 on Friday. The company has a 50 day simple moving average of $333.24 and a two-hundred day simple moving average of $344.15. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. The firm has a market cap of $1.59 trillion, a P/E ratio of 65.62, a PEG ratio of 0.78 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 EPS. Equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a $0.65 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is currently 50.78%.

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.