Income Insurance Ltd Makes New Investment in Broadcom Inc. $AVGO

Income Insurance Ltd acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,622 shares of the semiconductor manufacturer’s stock, valued at approximately $4,715,000. Broadcom accounts for 3.1% of Income Insurance Ltd’s portfolio, making the stock its 7th largest position.

A number of other large investors also recently added to or reduced their stakes in AVGO. D Orazio & Associates Inc. raised its position in shares of Broadcom by 2.0% in the fourth quarter. D Orazio & Associates Inc. now owns 9,010 shares of the semiconductor manufacturer’s stock valued at $3,118,000 after buying an additional 177 shares during the last quarter. Ballast Rock Private Wealth LLC acquired a new stake in shares of Broadcom in the fourth quarter valued at about $370,000. Bryn Mawr Trust Advisors LLC raised its position in shares of Broadcom by 1.1% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 35,186 shares of the semiconductor manufacturer’s stock valued at $12,178,000 after buying an additional 366 shares during the last quarter. Garrett Wealth Advisory Group LLC raised its position in shares of Broadcom by 8.7% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 3,265 shares of the semiconductor manufacturer’s stock valued at $1,130,000 after buying an additional 260 shares during the last quarter. Finally, Advisor OS LLC raised its position in shares of Broadcom by 25.9% in the fourth quarter. Advisor OS LLC now owns 15,774 shares of the semiconductor manufacturer’s stock valued at $5,460,000 after buying an additional 3,246 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of Broadcom 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 completion of the sale, the insider directly owned 278,141 shares in the company, valued at $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider S. Ram Velaga sold 8,000 shares of Broadcom stock in a transaction dated 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 of the company’s stock, valued at approximately $21,464,964.64. This represents a 12.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AVGO shares. Bank of America reduced their target price on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. TD Cowen reiterated a “buy” rating and issued a $500.00 target price (up from $405.00) on shares of Broadcom in a research report on Friday. Seaport Research Partners reiterated a “neutral” rating on shares of Broadcom in a research report on Wednesday, April 8th. Weiss Ratings cut shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 target price on shares of Broadcom in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $441.63.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom remains a favored way to play AI infrastructure, with multiple recent articles highlighting its growing exposure to custom AI silicon, data-center networking, and AI semiconductor revenue. Citi also raised its price target to $500, reinforcing optimism ahead of the next earnings report.
• Positive Sentiment: Wells Fargo lifted its price target to $545 and said AI semiconductor revenue is running 30% to 40% above expectations, suggesting Broadcom may still be benefiting from stronger-than-expected hyperscaler spending.
• Positive Sentiment: Recent investor interest has also been supportive, with hedge fund and prominent manager buying cited in several notes, alongside Broadcom being named among top tech stocks to own as AI optimism continues to drive the market.
• Neutral Sentiment: Broadcom was also mentioned in a broader AI rotation piece that argues the next leg of the rally may be in AI bottlenecks such as optics, networking, and memory rather than only the most obvious chip winners. Broadcom was specifically named as one of the companies positioned to benefit from optical interconnect demand.
• Negative Sentiment: UBS warned that AI stocks, including Broadcom, are increasingly crowded trades, raising the risk of a pullback if enthusiasm cools or if investors rotate out of mega-cap semiconductors.
• Negative Sentiment: Some commentary also suggests the AI chip rally may be masking broader market weakness, which can make even strong names like Broadcom vulnerable to profit-taking after a powerful advance.

Broadcom Price Performance

Broadcom stock opened at $425.19 on Friday. Broadcom Inc. has a 12-month low of $221.60 and a 12-month high of $442.36. The stock has a market cap of $2.01 trillion, a P/E ratio of 83.05, a PEG ratio of 0.88 and a beta of 1.43. The company has a 50-day moving average price of $365.61 and a 200 day moving average price of $354.62. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $19.10 billion. During the same period last year, the business earned $1.60 earnings per share. Broadcom’s revenue was up 29.5% compared to the same quarter last year. Sell-side analysts anticipate that Broadcom Inc. will post 9.95 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 dividend yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is currently 50.78%.

About Broadcom

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.