Community Trust & Investment Co. Increases Stock Holdings in Broadcom Inc. $AVGO

Community Trust & Investment Co. raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,769 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,700 shares during the quarter. Broadcom makes up approximately 3.4% of Community Trust & Investment Co.’s portfolio, making the stock its 7th largest holding. Community Trust & Investment Co.’s holdings in Broadcom were worth $63,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Norges Bank purchased a new stake in shares of Broadcom during the 2nd quarter valued at approximately $18,579,549,000. Edgewood Management LLC bought a new position in Broadcom in the 2nd quarter worth approximately $1,571,438,000. Arrowstreet Capital Limited Partnership grew its stake in Broadcom by 499.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer’s stock valued at $1,858,789,000 after buying an additional 4,694,313 shares in the last quarter. Nordea Investment Management AB raised its holdings in Broadcom by 47.5% during the 4th quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer’s stock valued at $3,406,211,000 after acquiring an additional 3,160,586 shares during the period. Finally, Danske Bank A S bought a new stake in Broadcom during the 3rd quarter valued at $987,488,000. Institutional investors own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts and bullish research highlight upside from Broadcom’s AI opportunity — several write-ups argue the company’s $100B AI revenue target for 2027 may be conservative, supporting a long-term growth thesis. Why Broadcom’s $100B AI Revenue Forecast May Be Conservative
• Positive Sentiment: Infrastructure software momentum — Symantec CBX and strong Infrastructure Software results (VMware, bookings) are cited as near-term revenue drivers and margin stabilizers for AVGO. AVGO’s Symantec CBX Expands Security Portfolio
• Positive Sentiment: Large government and hyperscaler deals: Broadcom announced consolidated DISA/government pricing and a near‑$1B defense-related win, and reports of hyperscaler partnerships support steady long-term enterprise software and hardware demand. New Broadcom and Carahsoft Agreement With DISA
• Positive Sentiment: Product/security innovation: Broadcom launched a post‑quantum‑safe in‑flight network encryption solution, reinforcing its portfolio diversification and potential for incremental enterprise sales. Broadcom Announces Launch of In-Flight Network Encryption Solution
• Neutral Sentiment: Comparisons and market positioning: Several analyst/industry pieces compare AVGO to TSM and other chip names, useful for relative valuation and allocation decisions but not an immediate catalyst. TSM vs. AVGO: Which is a Better Semiconductor Stock?
• Neutral Sentiment: Macro/ETF context: Tech ETFs and the Magnificent Seven rotation have kept AVGO underperforming some peers YTD despite strong fundamentals — an important backdrop for sentiment-driven moves. As Tech Earnings Grow, This ETF Still Hasn’t Caught Up
• Negative Sentiment: Supply constraints flagged — Broadcom warned of supply‑chain pressure and TSMC capacity bottlenecks. That could delay shipments and cap near‑term revenue upside even as demand for AI hardware remains strong. Broadcom flags supply constraints, says TSMC capacity a bottleneck
• Negative Sentiment: AI re‑rating caution — coverage notes the stock didn’t meaningfully react when Broadcom reported AI revenue doubled, signaling investor hesitancy and the risk that positive AI metrics are already priced in or offset by valuation concerns. Broadcom’s AI Revenue Just Doubled. The Stock Barely Moved

Broadcom Stock Up 0.2%

AVGO opened at $318.81 on Thursday. The firm has a market capitalization of $1.51 trillion, a P/E ratio of 62.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.22. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The company has a fifty day moving average price of $328.69 and a 200-day moving average price of $345.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm’s revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 earnings per share. Equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a $0.65 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is presently 50.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AVGO shares. Piper Sandler restated an “overweight” rating and set a $430.00 target price (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Wells Fargo & Company upgraded Broadcom from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $410.00 to $430.00 in a research note on Thursday, January 15th. Royal Bank Of Canada dropped their price objective on Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Zacks Research downgraded Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, DA Davidson raised Broadcom to a “hold” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.30.

Insider Activity

In other news, CEO Hock E. Tan sold 70,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total transaction of $24,311,000.00. Following the completion of the transaction, the chief executive officer owned 132,836 shares of the company’s stock, valued at approximately $46,133,942.80. The trade was a 34.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 39,116 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the completion of the transaction, the insider owned 74,626 shares in the company, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 428,970 shares of company stock worth $142,585,321. Company insiders own 1.90% of the company’s stock.

Broadcom Company 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.