Shell Asset Management Co. Trims Position in Broadcom Inc. $AVGO

Shell Asset Management Co. decreased its position in Broadcom Inc. (NASDAQ:AVGO) by 70.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,895 shares of the semiconductor manufacturer’s stock after selling 156,571 shares during the period. Broadcom makes up 2.2% of Shell Asset Management Co.’s portfolio, making the stock its 5th largest position. Shell Asset Management Co.’s holdings in Broadcom were worth $21,739,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JCIC Asset Management Inc. acquired a new stake in Broadcom during the 3rd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom in the second quarter valued at approximately $27,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Broadcom during the second quarter worth $28,000. Manning & Napier Advisors LLC acquired a new stake in shares of Broadcom during the third quarter worth $34,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Broadcom during the second quarter worth $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 130,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total value of $42,382,600.00. Following the sale, the chief executive officer owned 595,638 shares in the company, valued at approximately $194,189,900.76. This represents a 17.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henry Samueli sold 320,316 shares of Broadcom stock in a transaction on Monday, December 8th. The stock was sold at an average price of $400.53, for a total transaction of $128,296,167.48. Following the transaction, the director directly owned 37,326,540 shares of the company’s stock, valued at approximately $14,950,399,066.20. This trade represents a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 779,101 shares of company stock valued at $283,804,325. 2.00% of the stock is owned by insiders.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street note sees upside — some brokers argue the recent selloff creates a buying opportunity and project roughly ~29% upside as AI/data‑center tailwinds reassert. Read More.
• Positive Sentiment: Product catalyst: Broadcom launched Wi‑Fi 8 positioned for “AI‑ready” enterprise upgrades — a favorable development for recurring enterprise networking revenue exposure. Read More.
• Positive Sentiment: Analyst consensus is bullish — surveys show a “Buy” consensus on AVGO, supporting investor confidence. Read More.
• Neutral Sentiment: Market breadth lift — Broadcom is benefiting from a broader Nasdaq advance and rotation into AI/large‑cap tech names today, which can amplify price moves independent of company‑specific news. Read More.
• Neutral Sentiment: Valuation review pieces note that recent pullback and AI momentum make AVGO worth reassessing — these analyses outline upside if growth sustains but stop short of new convictions. Read More.
• Neutral Sentiment: Dividend/ETF coverage mentions Broadcom as a tech income play in some dividend ETF discussions — supportive for longer‑term holders but not an immediate price driver. Read More.
• Neutral Sentiment: Short‑interest reports in the feed show anomalous zero/NaN values for February — data looks unreliable and shouldn’t be interpreted as a material shift in positioning. (Data entries 2/16–2/17)
• Negative Sentiment: Valuation concerns remain — some coverage explicitly acknowledges Broadcom’s AI relevance but warns the stock trades at a premium that could limit near‑term upside. Read More.
• Negative Sentiment: Peer comparison headwind — analyst pieces comparing NVDA vs AVGO favor NVIDIA on valuation and data‑center dominance, which could divert incremental AI multiple expansion away from Broadcom. Read More.

Broadcom Trading Up 2.3%

Shares of Broadcom stock opened at $332.54 on Wednesday. The stock has a market cap of $1.58 trillion, a P/E ratio of 69.86, a P/E/G ratio of 1.05 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. The business’s 50 day moving average is $340.88 and its 200-day moving average is $341.32.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. The business 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%. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 earnings per share. Equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $0.65 dividend. 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 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom’s payout ratio is 54.62%.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research note on Friday, December 12th. Susquehanna reaffirmed a “positive” rating and set a $450.00 price objective (up from $400.00) on shares of Broadcom in a research report on Thursday, December 4th. Wolfe Research raised Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a research report on Friday, January 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $475.00 target price (up previously from $400.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $433.13.

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.