Broadcom Inc. $AVGO Position Lessened by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,010,213 shares of the semiconductor manufacturer’s stock after selling 55,584 shares during the quarter. Broadcom comprises 3.9% of Los Angeles Capital Management LLC’s portfolio, making the stock its 4th largest holding. Los Angeles Capital Management LLC’s holdings in Broadcom were worth $1,133,255,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Valtrion Capital Management LLC purchased a new position in shares of Broadcom during the fourth quarter valued at approximately $250,000. Comprehensive Financial Planning Inc. PA increased its stake in shares of Broadcom by 23.6% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 2,124 shares of the semiconductor manufacturer’s stock valued at $735,000 after buying an additional 405 shares during the period. DB&C Advisors LLC bought a new stake in shares of Broadcom during the fourth quarter valued at approximately $7,220,000. Dearborn Partners LLC grew its stake in Broadcom by 24.7% in the fourth quarter. Dearborn Partners LLC now owns 12,466 shares of the semiconductor manufacturer’s stock worth $4,314,000 after purchasing an additional 2,473 shares during the period. Finally, Cookson Peirce & Co. Inc. grew its stake in Broadcom by 1.8% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 47,515 shares of the semiconductor manufacturer’s stock worth $16,445,000 after purchasing an additional 844 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Down 1.1%

Broadcom stock opened at $392.16 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $399.79 and its two-hundred day simple moving average is $362.70. Broadcom Inc. has a 12 month low of $241.40 and a 12 month high of $495.00. The company has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 65.36, a price-to-earnings-growth ratio of 0.72 and a beta of 1.41.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The business had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. During the same period in the previous year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 47.9% compared to the same quarter last year. As a group, equities analysts predict that Broadcom Inc. will post 9.96 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 22nd. Broadcom’s payout ratio is 43.33%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Apollo Global Management and Blackstone are backing a $35 billion AI infrastructure platform tied to Broadcom’s custom chips and networking gear, with Anthropic’s capacity expansion as the initial use case. This reinforces Broadcom’s role in the AI buildout and could support long-term revenue growth. Article Title
• Positive Sentiment: Broadcom also announced a new AI infrastructure partnership with Apollo and Blackstone, adding another sign that its semiconductor and networking solutions remain central to enterprise AI expansion. Article Title
• Positive Sentiment: JPMorgan reportedly raised its outlook on Broadcom after the latest earnings report, signaling that major analysts still see value in the stock despite the recent pullback. Article Title
• Positive Sentiment: More than 40 analysts remain bullish on Broadcom, and several recent articles highlight upgraded ratings and higher price targets, which can help stabilize investor sentiment. Article Title

Insiders Place Their Bets

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total value of $358,310.00. Following the sale, the director directly owned 32,352 shares of the company’s stock, valued at approximately $11,592,045.12. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total value of $3,452,300.00. Following the completion of the sale, the insider directly owned 787,184 shares in the company, valued at $271,759,532.32. This trade represents a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 324,282 shares of company stock valued at $106,425,249. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

AVGO has been the topic of several recent research reports. Zacks Research cut Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Benchmark upped their price target on Broadcom from $485.00 to $545.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $525.00 price target on shares of Broadcom in a research note on Thursday, June 4th. Evercore reaffirmed an “outperform” rating and issued a $582.00 price target on shares of Broadcom in a research note on Tuesday, May 19th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $500.00 price target on shares of Broadcom in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom presently has a consensus rating of “Moderate Buy” and an average target price of $490.13.

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.