Pacer Advisors Inc. Has $283.66 Million Stake in Broadcom Inc. $AVGO

Pacer Advisors Inc. reduced its holdings in Broadcom Inc. (NASDAQ:AVGO) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 859,815 shares of the semiconductor manufacturer’s stock after selling 49,948 shares during the quarter. Pacer Advisors Inc.’s holdings in Broadcom were worth $283,662,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Assetmark Inc. boosted its stake in Broadcom by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock worth $469,566,000 after purchasing an additional 39,466 shares during the period. Capital Counsel LLC NY acquired a new position in shares of Broadcom during the second quarter worth about $221,000. Waterloo Capital L.P. boosted its position in shares of Broadcom by 7.0% during the second quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer’s stock worth $13,331,000 after buying an additional 3,180 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after buying an additional 13,978 shares in the last quarter. Finally, RiverFront Investment Group LLC raised its position in Broadcom by 107.6% in the 2nd quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer’s stock valued at $4,555,000 after buying an additional 8,566 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $475.00 price target (up previously from $400.00) on shares of Broadcom in a research report on Friday, December 12th. TD Cowen raised their target price on shares of Broadcom from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Argus boosted their price target on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Cowen restated a “buy” rating on shares of Broadcom in a research note on Friday, December 12th. Finally, Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and a consensus target price of $436.33.

Broadcom Stock Performance

Shares of AVGO opened at $352.13 on Monday. The company has a market cap of $1.67 trillion, a PE ratio of 73.98, a price-to-earnings-growth ratio of 1.21 and a beta of 1.19. The firm has a 50-day moving average of $362.74 and a 200-day moving average of $325.01. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $17.46 billion. During the same period in the prior year, the firm earned $1.42 EPS. Broadcom’s quarterly revenue was up 28.2% compared to the same quarter last year. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a $0.65 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s payout ratio is 54.62%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts and brokerages are turning bullish — multiple firms have issued upgrades and high price targets (median ~ $450), and some outlets report a consensus “Buy” recommendation, supporting near-term buying interest. Deutsche Bank Is Bullish On Broadcom Inc. (AVGO)
• Positive Sentiment: Heavy AI backlog and Q4 beat underpin growth thesis — coverage highlights a roughly $73B AI order backlog and a strong fiscal Q4 revenue beat, bolstering expectations for multi-year AI-driven revenue and custom silicon demand. Quiver Quant AI backlog and earnings discussion
• Positive Sentiment: Macro/industry bulls see upside from next‑gen AI rollouts — firms like Cantor Fitzgerald and others flag Broadcom as a key beneficiary of upcoming AI infrastructure upgrades. Cantor Fitzgerald: Nvidia and Broadcom May Explode on Next-Gen AI Rollout
• Neutral Sentiment: Institutional flows and positioning are mixed — large moves (e.g., UBS adding a sizeable stake) and many funds adjusting positions mean liquidity and ownership are shifting, which can amplify volatility but also supports longer-term conviction. Quiver Quant institutional moves
• Neutral Sentiment: Positive media/long‑term narratives continue — multiple bullish writeups and inclusion in high-profile investor baskets boost visibility but may already be priced in after a strong YTD run. Seeking Alpha coverage
• Negative Sentiment: Post‑earnings selloff and margin warning continue to weigh — despite record Q4 results, the stock plunged mid‑December after management signaled margin pressure and gave flat non‑AI revenue cues; that skepticism remains a drag on sentiment. 247WallSt post‑earnings analysis
• Negative Sentiment: Insider selling is heavy — public filings show extensive insider sales in recent months, which some investors view as a negative signal even though a few insiders made purchases. Quiver Quant insider trading summary

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 130,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total transaction of $42,382,600.00. Following the completion of the sale, the chief executive officer owned 595,638 shares of the company’s stock, valued at $194,189,900.76. This trade represents a 17.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charlie B. Kawwas sold 1,928 shares of Broadcom stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total transaction of $631,998.40. Following the transaction, the insider directly owned 23,582 shares of the company’s stock, valued at approximately $7,730,179.60. This trade represents a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 524,780 shares of company stock worth $195,499,150 in the last three months. 2.00% of the stock is owned by company insiders.

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.