Renaissance Group LLC Sells 14,868 Shares of Broadcom Inc. $AVGO

Renaissance Group LLC decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,060 shares of the semiconductor manufacturer’s stock after selling 14,868 shares during the quarter. Broadcom makes up approximately 1.9% of Renaissance Group LLC’s holdings, making the stock its 2nd largest holding. Renaissance Group LLC’s holdings in Broadcom were worth $50,826,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several brokerages recently commented on AVGO. Royal Bank Of Canada began coverage on shares of Broadcom in a report on Wednesday, January 14th. They set a “sector perform” rating and a $370.00 target price for the company. Wells Fargo & Company upgraded Broadcom from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $410.00 to $430.00 in a report on Thursday, January 15th. Mizuho set a $480.00 target price on Broadcom and gave the stock an “outperform” rating in a research note on Friday, January 9th. Barclays restated an “overweight” rating and issued a $500.00 price target (up from $450.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, Oppenheimer increased their price objective on Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom currently has an average rating of “Buy” and an average price target of $437.28.

Broadcom Price Performance

AVGO stock opened at $340.44 on Wednesday. The company’s 50-day moving average price is $346.93 and its two-hundred day moving average price is $340.06. The firm has a market cap of $1.61 trillion, a P/E ratio of 71.52, a P/E/G ratio of 1.11 and a beta of 1.21. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal 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 dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s payout ratio is presently 54.62%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Strong AI spending from big tech supports Broadcom’s revenue outlook and demand for data‑center and networking chips, a bullish catalyst for AVGO. Broadcom Gains As Big Tech Boosts AI Spending For 2026
• Positive Sentiment: Planned tariff exemptions for certain advanced semiconductors could reduce costs / supply friction for leading chip suppliers, potentially benefiting Broadcom’s end markets and margins. 6 Chip Stocks Set to Benefit Most From Big Tech Tariff Exemption
• Positive Sentiment: Analysts and industry pieces highlight Broadcom as a semiconductor beneficiary of ongoing AI and cloud infrastructure investment, reinforcing a favorable secular growth narrative. 3 Stocks to Buy From the Prospering Semiconductor Industry
• Neutral Sentiment: Broadcom has been a frequently searched/trending stock in financial media; increased attention can boost volatility but doesn’t itself change fundamentals. Broadcom Inc. (AVGO) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Market commentary calls tech stocks “noisy” and momentum‑driven today — this can produce short‑term swings in AVGO unrelated to long‑term fundamentals. ORCL, AVGO and MU Forecast – Technology Stocks Noisy and Looking for Momentum
• Neutral Sentiment: Comparisons and buy/hold debates (e.g., Broadcom vs. Meta) are driving analyst attention but offer mixed conclusions for investors depending on risk/time horizon. Broadcom or Meta Platforms? Which Is the Better Buy
• Negative Sentiment: A Forbes piece contrasts Micron’s faster growth trajectory with Broadcom’s, highlighting competitive growth concerns that can weigh on valuations if investors rotate to higher‑growth names. How Micron’s Growth Engine Beats Out Broadcom
• Negative Sentiment: Reported short‑interest data today appears to contain errors (zeros/NaN) and should not be taken as genuine positioning evidence; nevertheless, lighter intraday volume and recent strong gains make AVGO susceptible to short‑term profit‑taking. (Background trading/volume data provided by market feeds.)

Insider Activity at Broadcom

In related news, CFO Kirsten M. Spears sold 30,000 shares of Broadcom stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the sale, the chief financial officer directly owned 277,237 shares of the company’s stock, valued at approximately $96,428,573.34. The trade was a 9.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 130,000 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were 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 of the company’s stock, valued at approximately $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 a total of 779,901 shares of company stock worth $284,069,237 over the last three months. 2.00% of the stock is owned by insiders.

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.