Broadcom Inc. $AVGO Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 207,643 shares of the semiconductor manufacturer’s stock after selling 9,529 shares during the quarter. Broadcom comprises about 0.4% of Banque Pictet & Cie SA’s investment portfolio, making the stock its 28th biggest position. Banque Pictet & Cie SA’s holdings in Broadcom were worth $68,504,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sawyer & Company Inc raised its holdings in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares during the period. Longfellow Investment Management Co. LLC purchased a new stake in Broadcom during the second quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom in the second quarter worth $28,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Broadcom in the 2nd quarter valued at $28,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of Broadcom in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom

In related news, Director Henry Samueli sold 320,316 shares of Broadcom stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $400.53, for a total value of $128,296,167.48. Following the completion of the transaction, the director directly owned 37,326,540 shares in the company, valued at approximately $14,950,399,066.20. This trade represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hock E. Tan sold 130,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $326.02, for a total value of $42,382,600.00. Following the sale, the chief executive officer owned 595,638 shares in the company, valued at $194,189,900.76. The trade was a 17.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 680,701 shares of company stock worth $249,624,757 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Broadcom Trading Down 1.2%

Shares of AVGO opened at $343.42 on Tuesday. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The stock has a 50-day moving average price of $362.53 and a 200 day moving average price of $329.05. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. The company has a market capitalization of $1.63 trillion, a P/E ratio of 72.15, a P/E/G ratio of 1.17 and a beta of 1.21.

Broadcom (NASDAQ:AVGO) last announced 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 return on equity of 37.45% and a net margin of 36.20%.The company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the prior year, the company posted $1.42 EPS. Broadcom’s quarterly revenue was up 28.2% on a year-over-year basis. Sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.65 per share. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom’s payout ratio is currently 54.62%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AVGO. Citigroup reiterated a “buy” rating and issued a $480.00 price target (up from $415.00) on shares of Broadcom in a report on Friday, December 12th. Robert W. Baird set a $420.00 target price on Broadcom in a research note on Friday, December 12th. Cowen reiterated a “buy” rating on shares of Broadcom in a report on Friday, December 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $475.00 price target (up from $400.00) on shares of Broadcom in a research report on Friday, December 12th. Finally, TD Cowen increased their price objective 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. Three investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $436.89.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: BofA names Broadcom among top chip stocks to “ride the wave,” signaling strong institutional conviction that AVGO benefits from the AI/data‑center cycle and should capture ongoing infrastructure spending. Nvidia, Broadcom, AMD among BofA’s top chip stocks to ‘ride the wave’
• Positive Sentiment: Analysts and coverage upgrades are pushing consensus targets higher (InsiderTrades/MarketBeat cite an early‑January consensus near $437), supporting a multi‑quarter growth view driven by custom ASICs/GPUs and software/platform revenue. This underpins longer‑term upside even if near‑term churn occurs. The AI Tech Paradox: Insiders Sell, the Case for Buying Gets Stronger (AVGO)
• Positive Sentiment: Broadcom appears on several “top AI stocks” lists (e.g., The Motley Fool), which highlights investor interest in Broadcom’s custom AI chip opportunity and keeps demand for the shares among growth‑oriented funds. 3 Best Artificial Intelligence Stocks to Buy in January
• Neutral Sentiment: Valuation reviews are active after a multi‑year run and recent pullback; analysts and outlets are assessing whether current levels reflect the growth outlook or warrant further consolidation — this keeps trading volatile until earnings/guidance clarity. Broadcom (AVGO): Assessing Valuation After Recent Share Price Softness and Multi‑Year Run
• Negative Sentiment: CFO Kirsten M. Spears sold 30,000 shares (disclosed in an SEC filing), a sizable opportunistic insider sale that can amplify short‑term downside as investors parse whether sales are routine compensation monetization or signaling near‑term allocation. SEC Form 4 — Kirsten M. Spears

Broadcom 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.