Westhampton Capital LLC Sells 1,366 Shares of Broadcom Inc. $AVGO

Westhampton Capital LLC reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,360 shares of the semiconductor manufacturer’s stock after selling 1,366 shares during the quarter. Broadcom accounts for approximately 4.5% of Westhampton Capital LLC’s portfolio, making the stock its 2nd largest holding. Westhampton Capital LLC’s holdings in Broadcom were worth $9,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Providence First Trust Co grew its position in shares of Broadcom by 1,099.3% in the third quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer’s stock valued at $2,944,000 after purchasing an additional 8,179 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Broadcom by 3.4% in 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 purchasing an additional 10,786 shares during the last quarter. Lmcg Investments LLC grew its position in shares of Broadcom by 9.4% in the third 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 during the last quarter. Wright Investors Service Inc. grew its position in shares of Broadcom by 5.4% in the third quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer’s stock valued at $13,909,000 after purchasing an additional 2,178 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Broadcom by 10.7% in the third quarter. Brown Brothers Harriman & Co. now owns 77,411 shares of the semiconductor manufacturer’s stock valued at $25,539,000 after purchasing an additional 7,499 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Down 0.4%

Shares of NASDAQ AVGO opened at $425.44 on Thursday. Broadcom Inc. has a 1 year low of $198.43 and a 1 year high of $437.68. The firm’s 50 day moving average price is $351.15 and its 200 day moving average price is $350.83. The firm has a market cap of $2.01 trillion, a P/E ratio of 83.09, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. 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 announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $19.10 billion. During the same quarter last year, the business earned $1.60 earnings per share. Broadcom’s revenue was up 29.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Broadcom Inc. will post 9.95 earnings per share for the current 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 given a dividend of $0.65 per share. 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 50.78%.

Analyst Ratings Changes

Several analysts have recently commented on AVGO shares. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 price target on shares of Broadcom in a research report on Tuesday, April 7th. Morgan Stanley increased their price target on shares of Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. DA Davidson upgraded shares of Broadcom to a “hold” rating in a research report on Friday, February 13th. Mizuho reiterated an “outperform” rating and issued a $480.00 price target on shares of Broadcom in a research report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $435.30.

Insider Activity

In related news, insider S. Ram Velaga sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the sale, the insider owned 57,932 shares in the company, valued at approximately $21,464,964.64. This trade represents a 12.13% 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 that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the sale, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,282 shares of company stock valued at $106,425,249 in the last 90 days. Insiders own 1.90% of the company’s stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management guidance and commentary flagged very strong AI revenue growth, which lifted investor expectations for the company’s near-term top-line and margin expansion. Broadcom guidance reveals breakneck AI revenue growth
• Positive Sentiment: Broadcom expanded its software/AI stack with VMware Cloud Foundation 9.1, positioning its infrastructure software as a bridge to production AI workloads — a revenue and sticky customer-benefit for AVGO beyond silicon. Broadcom Announces VMware Cloud Foundation 9.1
• Positive Sentiment: Institutional buying: Fisher Asset Management significantly increased its Broadcom stake, a bullish endorsement that can support the stock and signal confidence from large investors. Fisher Asset Management boosts Broadcom stake by 847,157 shares
• Positive Sentiment: Market momentum: AVGO is trading in a hot-chip rally that has pushed major peers to 52-week highs, reinforcing sector rotation into semiconductor and infrastructure names. MU, AVGO, MRVL stocks hit 52-week highs amid hot chip rally
• Positive Sentiment: Sector thesis: Analysts and columnists highlight the next AI phase favoring “pick-and-shovel” infrastructure providers (foundries, networking fabric, enterprise deployment tools) — a thematic tailwind for Broadcom’s diversified portfolio. The Next Phase of the AI Boom Could Be Even Kinder to the Pick-and-Shovel Plays
• Neutral Sentiment: Supply-chain context: Coverage of Corning’s big investments and hyperscale contracts (which mention Broadcom as a customer) underscores network/optical buildouts that support hyperscaler deployments — positive for sector demand but indirect for AVGO revenue timing. Light Speed Returns: Corning Cashes In on NVIDIA Growth (AVGO)
• Neutral Sentiment: Analyst/market write-ups (Zacks and others) are highlighting Broadcom as a trending, dividend-growth and high-ROE name — supportive for investor interest but less likely to move fundamentals immediately. Here is What to Know Beyond Why Broadcom Inc. (AVGO) is a Trending Stock
• Negative Sentiment: Competitive/technical risk: Industry discussion about advanced packaging alternatives (e.g., Intel EMIB) signals potential technology/packaging competition that could influence costs or design wins over time. AI Chip Packaging Constraints Create an Opening for Intel’s EMIB Technology
• Negative Sentiment: Valuation risk: AVGO’s rich multiples (high P/E) leave the stock sensitive to any slowdown or guidance miss, tempering upside despite strong headlines.

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.