AMI Asset Management Corp Sells 3,874 Shares of Broadcom Inc. $AVGO

AMI Asset Management Corp trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,889 shares of the semiconductor manufacturer’s stock after selling 3,874 shares during the quarter. Broadcom makes up about 4.1% of AMI Asset Management Corp’s investment portfolio, making the stock its 7th biggest position. AMI Asset Management Corp’s holdings in Broadcom were worth $74,193,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sawyer & Company Inc boosted its stake in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Longfellow Investment Management Co. LLC bought a new position in shares of Broadcom in the second quarter valued at about $27,000. Legend Financial Advisors Inc. bought a new position in shares of Broadcom in the second quarter valued at about $28,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom during the 2nd quarter worth about $28,000. Finally, LGT Financial Advisors LLC bought a new stake in Broadcom during the 2nd quarter worth about $31,000. Institutional investors own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In other news, Director Harry L. You purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was bought at an average price of $325.13 per share, with a total value of $325,130.00. Following the acquisition, the director directly owned 36,602 shares of the company’s stock, valued at approximately $11,900,408.26. This represents a 2.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $345.65, for a total transaction of $34,565,000.00. Following the completion of the sale, the chief executive officer owned 495,638 shares of the company’s stock, valued at approximately $171,317,274.70. This represents a 16.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 624,780 shares of company stock valued at $230,064,150. Corporate insiders own 2.00% of the company’s stock.

Key Stores Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Large AI backlog and product roadmap support medium‑term growth: market commentary highlights Broadcom’s multi‑billion AI order backlog and its role supplying custom silicon, networking and data‑center infrastructure — a core beneficiary of the AI data‑center cycle. QuiverQuant: Opinions on AI Backlog and Earnings Drop
• Positive Sentiment: Strong analyst sentiment and lofty price targets point to upside over time: multiple firms have issued buy/overweight ratings and a median price target near $450, with several $475–$510 targets cited. That institutional conviction supports longer‑term investor case. Analyst Ratings & Price Targets
• Positive Sentiment: Sector dynamics (NVIDIA/Groq deal) amplify demand for networking and infrastructure — ETFs and diversified semiconductor plays (like SOXX) call out Broadcom as a beneficiary as AI moves from training to inference. MarketBeat: The Lazy Way to Play NVIDIA’s $20B Groq Deal
• Neutral Sentiment: Insider selling is active but largely explained: recent Form 4s show many sales were automatic with RSU tax withholding; one material Hock Tan transaction was described as an exchange‑fund diversification rather than an outright vote of no confidence. That reduces but doesn’t eliminate investor concern. MarketBeat: Broadcom’s Insider Selling
• Neutral Sentiment: Heavy social and hedge‑fund chatter: AVGO has seen big year‑to‑date gains and substantial institutional position churn; conversation mixes bullish AI theses with concerns about non‑AI revenue trends. QuiverQuant discussion summary
• Negative Sentiment: Near‑term pressure from post‑earnings selloff and margin/guidance worries: the Dec. earnings beat was followed by a sharp pullback as investors parsed flat non‑AI guidance and gross‑margin questions — fueling today’s weakness. MarketBeat: Post‑earnings selloff analysis
• Negative Sentiment: Rotation risk: reports that some large investors are trimming mega‑cap AI winners and rotating positions could sustain short‑term outflows from AVGO if momentum favors other sector leaders. 247WallSt: Billionaires Dump the Magnificent Seven

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AVGO shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Broadcom in a research note on Monday, December 15th. Morgan Stanley raised their price target on shares of Broadcom from $443.00 to $462.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Argus upped their price objective on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. JPMorgan Chase & Co. increased their price objective on Broadcom from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Finally, Mizuho boosted their target price on Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Buy” and a consensus target price of $436.33.

Broadcom Trading Down 0.8%

NASDAQ AVGO opened at $349.37 on Tuesday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The stock has a 50-day simple moving average of $362.74 and a 200 day simple moving average of $325.67. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $1.66 trillion, a PE ratio of 73.40, a P/E/G ratio of 1.21 and a beta of 1.19.

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, topping analysts’ consensus estimates of $1.87 by $0.08. The firm had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.42 earnings per share. Research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.65 per share. This is an increase from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, December 22nd. Broadcom’s dividend payout ratio is presently 54.62%.

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.