Broadcom Inc. $AVGO Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. lessened its position in Broadcom Inc. (NASDAQ:AVGO) by 12.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,134 shares of the semiconductor manufacturer’s stock after selling 14,945 shares during the period. Broadcom makes up 2.5% of BTC Capital Management Inc.’s portfolio, making the stock its 9th biggest position. BTC Capital Management Inc.’s holdings in Broadcom were worth $35,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVGO. Affinity Wealth Management LLC grew its position in Broadcom by 32.9% in the 3rd quarter. Affinity Wealth Management LLC now owns 5,331 shares of the semiconductor manufacturer’s stock worth $1,759,000 after purchasing an additional 1,319 shares during the last quarter. PACK Private Wealth LLC bought a new position in Broadcom in the 3rd quarter worth approximately $1,025,000. Pacific Point Advisors LLC increased its position in Broadcom by 13.5% in the 3rd quarter. Pacific Point Advisors LLC now owns 8,679 shares of the semiconductor manufacturer’s stock valued at $2,863,000 after acquiring an additional 1,034 shares during the period. Compass Advisory Group LLC bought a new stake in Broadcom during the 3rd quarter valued at $401,000. Finally, Camden National Bank acquired a new position in Broadcom during the 3rd quarter worth $261,000. 76.43% of the stock is owned by institutional investors and hedge funds.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street analysts see sizable upside after the recent pullback, arguing Broadcom could rebound strongly from the selloff, which supports buy-side interest and limits further downside risk. Wall Street Sees 29% Upside for Broadcom After Recent Selloff
• Positive Sentiment: Soros Fund Management increased its stake in AVGO, signaling conviction from a large, well-known institutional investor — a bullish signal for long-term demand. Soros Fund Management boosts Broadcom stake with 102,379 shares
• Positive Sentiment: Product roadmap: Broadcom’s Wi‑Fi 8 push targets AI-ready enterprise upgrades — a strategic growth angle that supports medium-term revenue expansion in networking and AI infrastructure. Broadcom Wi-Fi 8 Launch Targets AI Ready Enterprise Network Upgrades
• Neutral Sentiment: Analyst consensus remains a “Buy,” reflecting continued sell‑side support even as the name trades off — this provides a floor for investor expectations. Broadcom Inc. (NASDAQ:AVGO) Given Consensus Recommendation of “Buy” by Analysts
• Neutral Sentiment: Reported short‑interest data appears negligible/erroneous (shows zero), so short-selling pressure is not a clear driver of today’s move. (Low informational value.)
• Negative Sentiment: Hedge fund trimming: Bowie Capital cut its Broadcom stake, which can pressure the tape and signal tactical profit‑taking among active managers. Bowie Capital Management Cuts Broadcom Stake by 72,863 Shares
• Negative Sentiment: Competitive/valuation pressure: analyst comparisons favor NVIDIA over Broadcom on valuation and data‑center dominance, which can divert AI‑money away from AVGO and weigh on multiple expansion. NVIDIA vs. Broadcom: Which AI Chip Stock Is the Better Buy Now?
• Negative Sentiment: Some coverage flags that Broadcom’s AI/Wi‑Fi 8 push is already being used to test valuation and growth expectations — raising investor scrutiny on whether future results justify current multiples. Broadcom’s AI Wi Fi 8 Push Tests Valuation And Growth Expectations

Insider Activity at Broadcom

In other news, insider Mark David Brazeal sold 38,281 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total value of $12,542,769.65. Following the transaction, the insider directly owned 266,494 shares of the company’s stock, valued at approximately $87,316,759.10. This represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 30,000 shares of Broadcom stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total value 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 779,101 shares of company stock valued at $283,804,325. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of research analyst reports. Oppenheimer raised their price target on Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a 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 price target on the stock in a research report on Friday, January 30th. KeyCorp reaffirmed an “overweight” rating and issued a $500.00 price target (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Truist Financial raised their price objective on shares of Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, TD Cowen reissued a “buy” rating on shares of Broadcom in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $433.87.

Broadcom Stock Down 1.8%

Shares of Broadcom stock opened at $325.17 on Tuesday. 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 $1.54 trillion, a P/E ratio of 68.31, a P/E/G ratio of 1.05 and a beta of 1.21. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $342.36 and a 200 day moving average price of $341.02.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share 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 return on equity of 37.45% and a net margin of 36.20%.The firm’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business 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. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is 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.