Yarbrough Capital LLC cut its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,905 shares of the semiconductor manufacturer’s stock after selling 8,598 shares during the period. Broadcom accounts for approximately 3.1% of Yarbrough Capital LLC’s investment portfolio, making the stock its 8th largest holding. Yarbrough Capital LLC’s holdings in Broadcom were worth $99,298,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Providence First Trust Co lifted its stake in shares of Broadcom by 1,099.3% in the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer’s stock worth $2,944,000 after acquiring an additional 8,179 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Broadcom by 3.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer’s stock valued at $109,492,000 after acquiring an additional 10,786 shares during the period. Lmcg Investments LLC boosted its stake in Broadcom by 9.4% during the 3rd quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer’s stock valued at $12,854,000 after purchasing an additional 3,357 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Broadcom by 13.3% during the 2nd quarter. AQR Capital Management LLC now owns 3,877,709 shares of the semiconductor manufacturer’s stock valued at $1,063,501,000 after purchasing an additional 455,851 shares during the period. Finally, Wright Investors Service Inc. raised its stake in shares of Broadcom by 5.4% in the 3rd quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer’s stock worth $13,909,000 after buying an additional 2,178 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.
Key Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom named Alphabet/Google finance executive Amie Thuener as its next CFO, a hire management says brings deep technology and finance experience to support Broadcom’s aggressive AI-chip revenue push; investors view this as strengthening the leadership team ahead of scale-up. Broadcom taps Alphabet executive Amie Thuener as next CFO
- Positive Sentiment: Broadcom landed a roughly $970M DISA deal and continues to book AI-related contracts that support management’s $100B AI revenue narrative — a catalyst for durable top‑line growth in custom AI silicon and infrastructure. What Broadcom (AVGO)’s AI Surge and US$970 Million DISA Deal Means For Shareholders
- Positive Sentiment: Prominent investors remain bullish (Ray Dalio highlighted Broadcom), and many sell‑side analysts still rate AVGO a buy — supporting demand for the shares despite recent pullbacks. Broadcom Inc. (AVGO): Billionaire Ray Dalio continues to be bullish
- Neutral Sentiment: Multiple analysts/commentaries emphasize Broadcom’s AI opportunity is still early and evolving — positive for long‑term thesis but signals more execution risk and cadence variability near term. Broadcom’s AI Story Is Still Early
- Neutral Sentiment: Product and strategy moves (e.g., Symantec CBX security platform) diversify revenue but are less likely to move the stock immediately compared with big AI wins. Broadcom Inc. (AVGO) Unveils Symantec CBX for Enterprise-Grade Network Security
- Negative Sentiment: Erste Group downgraded AVGO from buy to hold, a near‑term negative that can prompt profit‑taking from momentum investors. Finviz (rating note)
- Negative Sentiment: Insider selling by co‑founder Henry Samueli (reported large sale) and broader margin/gross‑margin concern stories have raised caution among some holders. What Henry Samueli’s Record Broadcom Sale Signals For AVGO Shareholders
- Negative Sentiment: Geopolitical/supply‑chain worries tied to the Iran conflict have pressured chip stocks broadly and weighed on AVGO in recent sessions. Nvidia, Broadcom Drop as Chip Stocks Sell Off. Why War Is Hitting Them So Hard.
Broadcom Stock Performance
Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping 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 firm had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $19.10 billion. During the same period in the previous year, the company posted $1.60 EPS. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.
Broadcom Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s payout ratio is presently 50.78%.
Insider Transactions at Broadcom
In related news, CFO Kirsten M. Spears sold 36,292 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the sale, the chief financial officer directly owned 327,760 shares of the company’s stock, valued at approximately $105,407,616. This represents a 9.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 70,000 shares of Broadcom stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the transaction, the chief executive officer directly owned 132,836 shares in the company, valued at approximately $46,133,942.80. This trade represents a 34.51% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 373,049 shares of company stock worth $123,024,715. 1.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts recently weighed in on AVGO shares. Bank of America decreased their target price on Broadcom from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $430.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research report on Friday, December 12th. Robert W. Baird set a $420.00 target price on shares of Broadcom in a report on Friday, December 12th. Morgan Stanley increased their target price on shares of Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Finally, Benchmark reiterated a “buy” rating and set a $485.00 price objective on shares of Broadcom in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $435.30.
Get Our Latest Research Report on AVGO
Broadcom 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.
Further Reading
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