TB Alternative Assets Ltd. Takes Position in Broadcom Inc. $AVGO

TB Alternative Assets Ltd. purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO) in the 4th quarter, Holdings Channel reports. The fund purchased 16,120 shares of the semiconductor manufacturer’s stock, valued at approximately $5,579,000. Broadcom comprises about 0.9% of TB Alternative Assets Ltd.’s holdings, making the stock its 19th largest position.

A number of other large investors have also modified their holdings of the company. Baring Financial LLC grew its position in Broadcom by 2.2% in the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock worth $470,000 after purchasing an additional 29 shares during the last quarter. Five Oceans Advisors raised its holdings in shares of Broadcom by 0.4% during the fourth quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer’s stock valued at $2,835,000 after buying an additional 29 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its holdings in shares of Broadcom by 0.6% during the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock valued at $1,577,000 after buying an additional 30 shares during the last quarter. Jackson Hole Capital Partners LLC boosted its position in shares of Broadcom by 1.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock worth $716,000 after buying an additional 30 shares during the period. Finally, Private Wealth Partners LLC boosted its position in shares of Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock worth $1,410,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the topic of several analyst reports. Benchmark restated a “buy” rating and issued a $485.00 target price on shares of Broadcom in a research report on Thursday, March 5th. Bank of America reduced their price target on Broadcom from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a research note on Monday, December 29th. UBS Group set a $475.00 price target on Broadcom and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and an average target price of $435.30.

Insider Transactions at Broadcom

In other Broadcom news, insider S. Ram Velaga sold 38,841 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the sale, the insider directly owned 96,147 shares in the company, valued at approximately $30,920,875.20. The trade was a 28.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the transaction, the insider owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 273,049 shares of company stock valued at $88,300,115 in the last three months. 1.90% of the stock is currently owned by insiders.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long-term agreement with Google to develop and supply future generations of custom AI chips and other components for Google’s next‑generation AI racks through 2031, giving Broadcom multi‑year design wins and meaningful revenue visibility. Read More.
• Positive Sentiment: Broadcom expanded its strategic collaboration involving Anthropic, agreeing to provide additional computing capacity (reported ~3.5 GW of capacity sourced from Google’s AI processors), which supports near‑term utilization and potential recurring revenue from cloud/AI services. Read More.
• Positive Sentiment: Market reaction: the stock climbed in after‑hours trading after Broadcom filed the deal details, reflecting investor enthusiasm for large, long‑duration AI contracts and the potential uplift to AI chip and networking sales. Read More.
• Neutral Sentiment: Management outlook: CEO Hock Tan has outlined a vision that AI chip revenue could exceed $100 billion by 2027 — a bullish long‑term target that supports upside expectations but depends on execution, ramp timing and contract economics. Read More.
• Neutral Sentiment: Product diversification: Broadcom launched Symantec CBX, an AI‑powered cloud XDR/security platform that broadens its software/security mix and could smooth revenue cyclicality over time. Read More.
• Negative Sentiment: Analyst action: Erste Group trimmed its rating on Broadcom to Hold, a reminder that some sell‑side firms remain cautious on valuation and near‑term expectations despite the AI deal flow. Read More.

Broadcom Stock Performance

AVGO opened at $314.43 on Tuesday. The business has a 50 day moving average price of $324.52 and a two-hundred day moving average price of $342.80. 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 has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 61.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61.

Broadcom (NASDAQ:AVGO) last issued its quarterly 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 return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $19.10 billion. During the same period last year, the firm earned $1.60 EPS. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. Research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis 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%.

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.