Penserra Capital Management LLC Sells 77,205 Shares of Broadcom Inc. $AVGO

Penserra Capital Management LLC decreased its position in Broadcom Inc. (NASDAQ:AVGO) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 866,057 shares of the semiconductor manufacturer’s stock after selling 77,205 shares during the period. Broadcom makes up 3.4% of Penserra Capital Management LLC’s portfolio, making the stock its largest position. Penserra Capital Management LLC’s holdings in Broadcom were worth $285,719,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AVGO. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom in the second quarter valued at $27,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom in the 2nd quarter valued at about $28,000. LGT Financial Advisors LLC bought a new position in Broadcom in the 2nd quarter valued at about $31,000. New England Capital Financial Advisors LLC acquired a new stake in Broadcom during the second quarter worth approximately $31,000. Finally, JCIC Asset Management Inc. bought a new stake in shares of Broadcom during the third quarter worth approximately $31,000. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AVGO shares. Deutsche Bank Aktiengesellschaft set a $430.00 target price on Broadcom and gave the company a “buy” rating in a research report on Friday, December 12th. UBS Group set a $475.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Monday, December 15th. Rosenblatt Securities upped their target price on shares of Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Sanford C. Bernstein reissued an “outperform” rating and issued a $475.00 price target (up previously from $400.00) on shares of Broadcom in a report on Friday, December 12th. Finally, Oppenheimer 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. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $437.28.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Hyperscaler CapEx jump supports multi‑year demand for Broadcom’s AI chips — Google and Meta signaled much larger 2026 CapEx plans, which investors view as direct upside to Broadcom’s TAM for TPUs/MTIA and other data‑center products. Broadcom and Nvidia Stocks Rise. How Google’s AI Spending Will Boost the Chip Makers.
• Positive Sentiment: Broad market tech rebound led by chip names boosted AVGO — a Friday surge in large‑cap semiconductors helped lift Broadcom as investors bought the dip after recent tech weakness. Dow jumps 1,000 points as Nvidia, Broadcom spark tech-led market comeback
• Positive Sentiment: Momentum narrative: Broadcom framed as a “Mag Seven” gatecrasher — positive press around Broadcom’s ability to challenge AI‑heavy megacap performance added to buying interest. Broadcom Rallies 6% to Challenge Magnificent Seven Dominance on Wall Street
• Positive Sentiment: Analyst upgrade/support — Zacks moved Broadcom to a stronger rating, providing a fresh catalyst and third‑party validation for buyers. Zacks.com
• Neutral Sentiment: ETF flows and index construction may add steady demand — new ETFs and factor funds that include AVGO can create incremental bid but are not immediate earnings drivers. Big Tech Core: New Burney ETF Packs Apple, Nvidia, Google, Broadcom Punch
• Neutral Sentiment: Contrarian views and valuation debate continue — some analysts argue the market still misprices AVGO; useful for medium/long‑term investors but mixed for near‑term trading. Broadcom: The Market Is Likely Getting It Wrong
• Negative Sentiment: Short‑term pullback concerns and analyst caution — recent coverage highlights that AVGO had pulled back earlier, and some analysts flag downside/earnings sensitivity, which keeps volatility elevated. Broadcom Stock Is Pulling Back. Here’s What Analysts Expect Next.
• Negative Sentiment: Periodic profit‑taking and headline volatility — several outlets explain why AVGO has traded down at times this week, underscoring that sentiment swings around AI narratives can reverse quickly. Broadcom (AVGO) stock trades down, here is why

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 70,000 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total transaction of $24,311,000.00. Following the transaction, the chief executive officer directly owned 132,836 shares in the company, valued at $46,133,942.80. This represents a 34.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 1,928 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $327.80, 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 $7,730,179.60. The trade was a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 779,901 shares of company stock worth $284,069,237 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Up 7.1%

Shares of AVGO stock opened at $332.49 on Monday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The company has a market cap of $1.58 trillion, a price-to-earnings ratio of 69.85, a PEG ratio of 1.07 and a beta of 1.21. The firm has a fifty day moving average price of $348.59 and a 200-day moving average price of $339.31. 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 announced its quarterly 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. The company had revenue of $18.02 billion for 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%. Broadcom’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 EPS. As a group, equities analysts predict 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 was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, December 22nd. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.

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.