Broadcom Inc. $AVGO Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 11.4% during the fourth quarter, HoldingsChannel reports. The firm owned 13,709 shares of the semiconductor manufacturer’s stock after selling 1,771 shares during the period. Broadcom comprises 1.6% of Wrapmanager Inc.’s holdings, making the stock its 17th biggest position. Wrapmanager Inc.’s holdings in Broadcom were worth $4,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Miller Global Investments LLC acquired a new position in Broadcom during the fourth quarter worth $31,000. Nvest Wealth Strategies Inc. purchased a new position in Broadcom during the fourth quarter worth about $33,000. Family CFO Inc purchased a new position in shares of Broadcom during the 4th quarter worth approximately $35,000. PayPay Securities Corp boosted its position in shares of Broadcom by 88.9% during the fourth quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer’s stock worth $41,000 after buying an additional 56 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in Broadcom in the 4th quarter valued at about $45,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank Of Canada dropped their price target on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Truist Financial raised their target price on shares of Broadcom from $510.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $545.00 price objective (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. TD Cowen restated a “buy” rating and set a $500.00 target price (up from $405.00) on shares of Broadcom in a research note on Friday, May 15th. Finally, UBS Group restated a “buy” rating and set a $490.00 target price (up from $475.00) on shares of Broadcom in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $448.10.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $422.01 on Wednesday. Broadcom Inc. has a twelve month low of $231.13 and a twelve month high of $442.36. The stock has a 50 day moving average of $376.86 and a two-hundred day moving average of $356.93. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The stock has a market cap of $2.00 trillion, a P/E ratio of 82.42, a P/E/G ratio of 0.86 and a beta of 1.43.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share 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 the consensus estimate of $19.10 billion. During the same period last year, the business posted $1.60 EPS. The company’s revenue was up 29.5% on a year-over-year basis. On average, research analysts forecast that Broadcom Inc. will post 9.91 earnings per share 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 given a $0.65 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is presently 50.78%.

Insider Transactions at Broadcom

In related news, Director Gayla J. Delly sold 1,000 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total transaction of $358,310.00. Following the transaction, the director owned 32,352 shares of the company’s stock, valued at $11,592,045.12. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Justine Page sold 2,018 shares of the business’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director owned 18,164 shares in the company, valued at $6,411,892. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is owned by company insiders.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom announced the industry’s first end-to-end 50G PON edge AI portfolio, including a new home gateway SoC with an integrated NPU and native Wi?Fi 8 support, which supports the company’s AI-at-the-edge growth story. Article Title
• Positive Sentiment: Analysts continue to view Broadcom favorably, with an average rating of “Moderate Buy,” suggesting Wall Street still expects upside from its AI semiconductor and software businesses. Article Title
• Positive Sentiment: Recent commentary argues Broadcom remains a major beneficiary of custom silicon partnerships with hyperscale customers, keeping the AI revenue outlook strong. Article Title
• Positive Sentiment: Broadcom has also been highlighted as a preferred AI stock by high-profile investors, with one article noting Stanley Druckenmiller bought Broadcom while selling other AI names, which can support sentiment. Article Title
• Neutral Sentiment: Several articles framed Broadcom as a long-term AI infrastructure winner and noted expectations for continued earnings momentum, but these were mostly commentary rather than new company-specific catalysts. Article Title
• Neutral Sentiment: Broader semiconductor-sector pieces and AI-themed market articles may be adding tailwinds, but they do not appear to introduce a direct new risk for Broadcom. Article Title

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.