Broadcom Inc. $AVGO Shares Sold by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC decreased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 23.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 375,409 shares of the semiconductor manufacturer’s stock after selling 114,435 shares during the quarter. Broadcom accounts for about 5.2% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 3rd largest position. Cornerstone Investment Partners LLC’s holdings in Broadcom were worth $123,851,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $475.00 price target (up previously from $400.00) on shares of Broadcom in a report on Friday, December 12th. Morgan Stanley boosted their price objective on shares of Broadcom from $443.00 to $462.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Wolfe Research upgraded shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research report on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a research note on Monday, December 29th. Finally, Robert W. Baird set a $420.00 price target on shares of Broadcom in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $433.87.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Cathie Wood’s ARK filed a meaningful purchase (~87,148 shares), signaling institutional conviction in Broadcom’s exposure to AI infrastructure. Broadcom Inc. (AVGO) Draws ARK Investment Amid Positive AI Growth Outlook
• Positive Sentiment: Mirova US LLC materially increased its Broadcom stake, adding another institutional buyer to demand-side flows. Mirova US LLC Boosts Broadcom Stake by 589,713 Shares
• Positive Sentiment: Broadcom unveiled a Wi‑Fi 8 enterprise platform positioned for AI edge and enterprise networking — a product catalyst that could expand TAM for its networking chips. Broadcom Wi Fi 8 Launch Highlights AI Network Demand And Valuation Questions
• Positive Sentiment: Analysts and commentary are bullish on upside linked to hyperscaler CapEx (Google, Meta) and the AI infrastructure cycle — Forbes lays out a bull case toward ~$450 if demand trajectory holds. Here’s How AVGO Stock Could Rise To $450
• Neutral Sentiment: DA Davidson initiated coverage with a Neutral rating — a reminder that some sell-side views see limited near-term upside despite the AI backdrop. DA Davidson initiates coverage of Broadcom (AVGO) with neutral recommendation
• Negative Sentiment: Coverage and market commentary around the Wi‑Fi 8 launch also flagged valuation concerns — investors are debating whether Broadcom’s premium multiple already prices in the AI upside. Broadcom Wi Fi 8 Launch Highlights AI Network Demand And Valuation Questions
• Negative Sentiment: Some institutional managers trimmed positions (PRIMECAP, Randolph, SCS Capital reported cuts), creating localized selling pressure even as others added shares. PRIMECAP Management Co Cuts Broadcom Stake by 27,980 Shares

Insider Transactions at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the completion of the sale, the chief financial officer owned 277,237 shares of the company’s stock, valued at $96,428,573.34. This represents a 9.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 1,928 shares of Broadcom stock in a transaction that occurred 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 transaction, the insider directly owned 23,582 shares in the company, valued at approximately $7,730,179.60. This represents a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 779,101 shares of company stock worth $283,804,325. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Down 1.8%

Broadcom stock opened at $325.17 on Friday. 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 Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. The firm’s fifty day simple moving average is $343.88 and its 200-day simple moving average is $340.53. The company has a market capitalization of $1.54 trillion, a P/E ratio of 68.31, a P/E/G ratio of 1.05 and a beta of 1.21.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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. The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

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

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.