Keybank National Association OH Trims Position in Broadcom Inc. $AVGO

Keybank National Association OH trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.3% during the fourth quarter, HoldingsChannel reports. The fund owned 1,713,996 shares of the semiconductor manufacturer’s stock after selling 40,302 shares during the quarter. Broadcom comprises approximately 2.1% of Keybank National Association OH’s holdings, making the stock its 9th largest position. Keybank National Association OH’s holdings in Broadcom were worth $593,214,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. bought a new position in Broadcom during the 3rd quarter valued at $31,000. Miller Global Investments LLC bought a new position in Broadcom during the 4th quarter valued at $31,000. Nvest Wealth Strategies Inc. bought a new position in Broadcom during the 4th quarter valued at $33,000. Manning & Napier Advisors LLC bought a new position in Broadcom during the 3rd quarter valued at $34,000. Finally, Family CFO Inc bought a new position in Broadcom during the 4th quarter valued at $35,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Down 0.4%

Shares of NASDAQ:AVGO opened at $425.44 on Thursday. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 83.09, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. Broadcom Inc. has a 1-year low of $198.43 and a 1-year high of $437.68. The company’s fifty day moving average is $351.15 and its two-hundred day moving average is $350.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

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 company had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm’s revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share. Equities analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s dividend payout ratio (DPR) is 50.78%.

Insiders Place Their Bets

In related news, Director Gayla J. Delly sold 1,000 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the sale, the director owned 32,352 shares of the company’s stock, valued at $11,592,045.12. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Justine Page sold 2,018 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director directly owned 18,164 shares in the company, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is owned by company insiders.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management guidance and commentary continue to point to rapid AI-driven revenue growth, reinforcing the company’s core growth narrative and supporting premium multiples. MSN: Broadcom guidance reveals breakneck AI revenue growth TheStreet: Broadcom guidance reveals one signal
• Positive Sentiment: Broadcom is cited as a hyperscale customer in Corning’s large fiber/pipeline contracts, which signals sustained capital spending across data-center supply chains that benefits Broadcom’s infrastructure franchise. MarketBeat: Corning article referencing Broadcom
• Positive Sentiment: Product/integration momentum: Broadcom announced VMware Cloud Foundation 9.1 aimed at production AI infrastructure, underscoring the software + silicon positioning that can deepen customer relationships and recurring revenue. GlobeNewswire: VMware Cloud Foundation 9.1
• Neutral Sentiment: Analyst write-ups and screens (Zacks and other outlets) highlight AVGO as a trending/high‑ROE/dividend-growth name — bullish narratives that may already be priced in after recent gains. Zacks: AVGO trending stock
• Neutral Sentiment: Broadcom was part of a broader “hot chip” rally that pushed several names to 52‑week highs; sector momentum helps AVGO but also raises short‑term volatility and profit‑taking risk. MSN: 52-week highs amid hot chip rally
• Negative Sentiment: Technical/competitive risk: packaging and interposer dynamics in high‑end AI chips (e.g., alternatives like Intel’s EMIB approach) could shift design wins or cost structures in ways that affect share of wallet for certain ecosystem players. 247WallSt: AI chip packaging constraints / Intel EMIB

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $500.00 price objective on shares of Broadcom in a research note on Tuesday, April 7th. Royal Bank Of Canada reduced their price objective on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. Benchmark reissued a “buy” rating and set a $485.00 target price on shares of Broadcom in a report on Thursday, March 5th. Wolfe Research raised shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a report on Friday, January 30th. Finally, Morgan Stanley increased 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.

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.