Evergreen Capital Management LLC Acquires 7,632 Shares of Broadcom Inc. $AVGO

Evergreen Capital Management LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,022 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,632 shares during the period. Evergreen Capital Management LLC’s holdings in Broadcom were worth $21,781,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new position in Broadcom in the 2nd quarter worth approximately $27,000. Legend Financial Advisors Inc. bought a new stake in shares of Broadcom during the 2nd quarter valued at about $28,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Broadcom during the second quarter valued at about $28,000. Manning & Napier Advisors LLC bought a new position in Broadcom in the third quarter worth about $34,000. Finally, LGT Financial Advisors LLC bought a new stake in Broadcom during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Cathie Wood’s ARK funds materially increased AVGO exposure (added ~143k shares), a high-profile vote of confidence that can attract momentum and retail flows. Cathie Wood Is Doubling Down on Broadcom Stock. Should You?
• Positive Sentiment: Analysts remain largely bullish and consensus ratings sit at “Buy,” supporting institutional conviction and serving as a potential floor for the shares. Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Rating of “Buy” from Analysts
• Positive Sentiment: Industry tailwinds from TSMC and Meta point to sustained AI-accelerator and custom-chip demand — a direct revenue driver for Broadcom’s ASIC/accelerator business. Upcoming Meta capex guidance is a key potential catalyst. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
• Positive Sentiment: Macro/sector pieces highlight Broadcom as a “picks-and-shovels” AI beneficiary alongside peers (Oracle, Micron), reinforcing secular demand arguments. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
• Neutral Sentiment: Company narrative and strategy pieces (connectivity expansion) reiterate Broadcom’s product breadth — supportive long-term, but not an immediate earnings surprise. Broadcom Inc (NASDAQ:AVGO) Nasdaq Today Signals Connectivity Expansion
• Neutral Sentiment: Analyses celebrating past shareholder returns ($51B delivered) improve sentiment but are backward-looking and less likely to move the stock near term. How Broadcom Stock Delivered $51 Billion In Shareholder Value
• Negative Sentiment: Some institutional selling: Cypress Funds trimmed its Broadcom stake, signaling selective profit-taking among hedge funds. Cypress Funds Llc Cuts Broadcom Inc Stake by 29K Shares
• Negative Sentiment: Share-price underperformance and recent intra-day dips relative to peers are prompting short-term technical selling and volatility; this is weighing on the stock despite positive fundamentals. Broadcom Inc. stock underperforms Wednesday when compared to competitors

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 38,281 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $327.65, for a total value of $12,542,769.65. Following the completion of the transaction, the insider directly owned 266,494 shares in the company, valued at $87,316,759.10. This represents a 12.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Hock E. Tan sold 130,000 shares of the business’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 transaction, the chief executive officer directly owned 595,638 shares in the company, valued at $194,189,900.76. This trade represents a 17.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 779,901 shares of company stock valued at $284,069,237 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company raised Broadcom from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $410.00 to $430.00 in a research note on Thursday, January 15th. KeyCorp restated an “overweight” rating and set a $500.00 target price (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Mizuho set a $480.00 price target on shares of Broadcom and gave the stock an “outperform” rating in a research report on Friday, January 9th. Barclays reissued an “overweight” rating and set a $500.00 price objective (up previously from $450.00) on shares of Broadcom in a research report on Friday, December 12th. Finally, UBS Group set a $475.00 target price on Broadcom and gave the stock a “buy” rating in a report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $438.61.

Broadcom Stock Down 1.0%

Shares of AVGO stock opened at $325.49 on Friday. 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 Inc. has a one year low of $138.10 and a one year high of $414.61. The company’s fifty day moving average price is $357.64 and its 200-day moving average price is $334.99. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 68.38, a PEG ratio of 1.09 and a beta of 1.21.

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

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.65 per share. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio is 54.62%.

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.