Montecito Bank & Trust Sells 4,515 Shares of Broadcom Inc. $AVGO

Montecito Bank & Trust trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 20.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,780 shares of the semiconductor manufacturer’s stock after selling 4,515 shares during the period. Broadcom comprises about 1.0% of Montecito Bank & Trust’s portfolio, making the stock its 24th largest position. Montecito Bank & Trust’s holdings in Broadcom were worth $6,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Broadcom during the 2nd quarter worth about $18,579,549,000. Edgewood Management LLC acquired a new position in shares of Broadcom during the second quarter worth about $1,571,438,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Broadcom by 499.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer’s stock worth $1,858,789,000 after buying an additional 4,694,313 shares during the period. Nordea Investment Management AB boosted its position in shares of Broadcom by 47.5% during the fourth quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer’s stock worth $3,406,211,000 after buying an additional 3,160,586 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Broadcom during the third quarter worth about $987,488,000. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 39,116 shares of Broadcom stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the completion of the transaction, the insider directly owned 74,626 shares in the company, valued at approximately $24,000,467.86. The trade was a 34.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 50,488 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the transaction, the insider directly owned 278,141 shares in the company, valued at $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 428,970 shares of company stock valued at $142,585,321. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $430.00 target price (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Citigroup upped their price target on Broadcom from $458.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. KeyCorp reaffirmed an “overweight” rating and set a $500.00 price target (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Benchmark reiterated a “buy” rating and issued a $485.00 price objective on shares of Broadcom in a report on Thursday, March 5th. Finally, Wolfe Research raised shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and a consensus price target of $435.30.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts and bullish research highlight upside from Broadcom’s AI opportunity — several write-ups argue the company’s $100B AI revenue target for 2027 may be conservative, supporting a long-term growth thesis. Why Broadcom’s $100B AI Revenue Forecast May Be Conservative
• Positive Sentiment: Infrastructure software momentum — Symantec CBX and strong Infrastructure Software results (VMware, bookings) are cited as near-term revenue drivers and margin stabilizers for AVGO. AVGO’s Symantec CBX Expands Security Portfolio
• Positive Sentiment: Large government and hyperscaler deals: Broadcom announced consolidated DISA/government pricing and a near‑$1B defense-related win, and reports of hyperscaler partnerships support steady long-term enterprise software and hardware demand. New Broadcom and Carahsoft Agreement With DISA
• Positive Sentiment: Product/security innovation: Broadcom launched a post‑quantum‑safe in‑flight network encryption solution, reinforcing its portfolio diversification and potential for incremental enterprise sales. Broadcom Announces Launch of In-Flight Network Encryption Solution
• Neutral Sentiment: Comparisons and market positioning: Several analyst/industry pieces compare AVGO to TSM and other chip names, useful for relative valuation and allocation decisions but not an immediate catalyst. TSM vs. AVGO: Which is a Better Semiconductor Stock?
• Neutral Sentiment: Macro/ETF context: Tech ETFs and the Magnificent Seven rotation have kept AVGO underperforming some peers YTD despite strong fundamentals — an important backdrop for sentiment-driven moves. As Tech Earnings Grow, This ETF Still Hasn’t Caught Up
• Negative Sentiment: Supply constraints flagged — Broadcom warned of supply‑chain pressure and TSMC capacity bottlenecks. That could delay shipments and cap near‑term revenue upside even as demand for AI hardware remains strong. Broadcom flags supply constraints, says TSMC capacity a bottleneck
• Negative Sentiment: AI re‑rating caution — coverage notes the stock didn’t meaningfully react when Broadcom reported AI revenue doubled, signaling investor hesitancy and the risk that positive AI metrics are already priced in or offset by valuation concerns. Broadcom’s AI Revenue Just Doubled. The Stock Barely Moved

Broadcom Stock Up 0.2%

Broadcom stock opened at $318.81 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The company’s 50-day moving average is $328.69 and its 200-day moving average is $345.42. The firm has a market capitalization of $1.51 trillion, a PE ratio of 62.27, a P/E/G ratio of 0.68 and a beta of 1.22. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same period last year, the business posted $1.60 EPS. Broadcom’s revenue was up 29.5% on a year-over-year basis. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Broadcom Company Profile

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.