McAdam LLC Grows Position in Broadcom Inc. $AVGO

McAdam LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,371 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,093 shares during the quarter. McAdam LLC’s holdings in Broadcom were worth $3,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new position in shares of Broadcom during the second quarter valued at about $27,000. Legend Financial Advisors Inc. bought a new position in Broadcom during the second quarter valued at approximately $28,000. Teachers Insurance & Annuity Association of America purchased a new position in Broadcom during the 2nd quarter valued at approximately $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom in the 2nd quarter worth approximately $31,000. Finally, New England Capital Financial Advisors LLC bought a new stake in Broadcom in the 2nd quarter worth approximately $31,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Large buying from high-profile investors supports demand: Cathie Wood’s ARK funds added over 143,000 AVGO shares, a vote of confidence that can buoy sentiment and flows. Cathie Wood Is Doubling Down on Broadcom Stock. Should You?
• Positive Sentiment: Analysts remain constructive — Broadcom has a consensus “Buy” rating from several street analysts, which helps support medium-term expectations. Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Rating of “Buy” from Analysts
• Positive Sentiment: Industry tailwinds from TSMC and Meta AI spending bolster Broadcom’s long-term growth case as a “picks-and-shovels” supplier to AI infrastructure. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
• Neutral Sentiment: Coverage pieces highlighting Broadcom’s past shareholder returns and strategic moves (e.g., buyback and deal-driven value creation) provide context but are less likely to move the stock intraday. How Broadcom Stock Delivered $51 Billion In Shareholder Value
• Neutral Sentiment: Company commentary and market stories about connectivity expansion and forecasts suggest steady execution but don’t change near-term catalyst timing. Broadcom Inc (NASDAQ:AVGO) Nasdaq Today Signals Connectivity Expansion
• Neutral Sentiment: Macro/sector coverage (AI “picks-and-shovels” theme) is supportive but broad; timing of capex by large customers will ultimately determine revenue cadence. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
• Negative Sentiment: Operational/legal risk flagged by a lawsuit over Broadcom’s control of critical software: Fidelity settled a case alleging Broadcom threatened to cut access to software central to Fidelity’s systems — the episode highlights customer concentration and counterparty risk. Fidelity settles lawsuit over access to ‘business-critical’ Broadcom software
• Negative Sentiment: Some institutional selling and position trimming (e.g., Cypress Funds cutting its stake) increases supply pressure and can amplify short-term weakness. Cypress Funds Llc Cuts Broadcom Inc. Stake by 29K Shares
• Negative Sentiment: Technical/flow headwinds: the stock is below key moving averages and underperformed peers in recent sessions, which can pressure momentum and trigger additional selling. Broadcom Inc. stock underperforms Wednesday when compared to competitors

Broadcom Price Performance

AVGO stock opened at $320.12 on Monday. The stock has a market cap of $1.52 trillion, a PE ratio of 67.25, a P/E/G ratio of 1.06 and a beta of 1.21. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The company has a 50-day moving average price of $357.20 and a 200 day moving average price of $336.16. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.08. The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 earnings per share. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.65 dividend. The ex-dividend date was 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 yield of 0.8%. Broadcom’s payout ratio is 54.62%.

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 1,928 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.80, for a total transaction of $631,998.40. Following the completion of the sale, the insider directly owned 23,582 shares of the company’s stock, valued at approximately $7,730,179.60. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harry L. You purchased 1,000 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was bought at an average price of $325.13 per share, for a total transaction of $325,130.00. Following the completion of the acquisition, the director owned 36,602 shares of the company’s stock, valued at approximately $11,900,408.26. The trade was a 2.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 779,901 shares of company stock valued at $284,069,237. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AVGO. Oppenheimer increased their target price on Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Bank of America increased their price objective on shares of Broadcom from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the stock a “buy” rating in a report on Friday, December 12th. Mizuho set a $480.00 price target on shares of Broadcom and gave the company an “outperform” rating in a report on Friday, January 9th. Finally, Robert W. Baird set a $420.00 price target on Broadcom in a research report on Friday, December 12th. Two equities research 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $438.61.

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.