Broadcom Inc. $AVGO Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 731,350 shares of the semiconductor manufacturer’s stock after selling 6,415 shares during the quarter. Broadcom comprises about 1.8% of Congress Asset Management Co.’s portfolio, making the stock its 5th biggest holding. Congress Asset Management Co.’s holdings in Broadcom were worth $253,120,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. State Street Corp raised its stake in Broadcom by 0.5% in the second quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock valued at $51,071,601,000 after purchasing an additional 873,963 shares in the last quarter. Norges Bank acquired a new stake in Broadcom during the second quarter worth about $18,579,549,000. Invesco Ltd. grew its stake in Broadcom by 1.8% during the third quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer’s stock worth $12,915,861,000 after buying an additional 700,021 shares in the last quarter. Legal & General Group Plc increased its holdings in Broadcom by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 33,450,786 shares of the semiconductor manufacturer’s stock valued at $11,035,749,000 after buying an additional 748,709 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Broadcom by 3.7% in the 2nd quarter. Alliancebernstein L.P. now owns 30,598,590 shares of the semiconductor manufacturer’s stock valued at $8,434,501,000 after buying an additional 1,084,776 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Multiyear co‑development deal with OpenAI positions Broadcom as a key supplier of custom AI accelerators, reinforcing its role in AI infrastructure and long‑term revenue potential. Broadcom’s OpenAI Chip Deal Puts AI Growth And Valuation In Focus
• Positive Sentiment: Analysts and deep‑dive pieces argue the AI growth thesis is accelerating faster than expected, supporting higher medium‑term revenue projections. Broadcom: The AI Thesis Is Playing Out Faster Than Expected
• Positive Sentiment: Commentary highlights Broadcom’s focus on organic growth and AI positioning as structural advantages versus peers. Broadcom: Focus On Organic Growth And AI Position It Well
• Positive Sentiment: Coverage frames OpenAI as a meaningful new customer/co‑developer — a high‑visibility win that could accelerate Broadcom’s move into bespoke AI silicon. OpenAI Just Became Broadcom’s Newest Chip Customer. Here’s Why That’s a Massive Deal for 2026.
• Positive Sentiment: Market analysis says Broadcom’s $100B AI revenue target for 2027 may be conservative, implying upside if AI adoption continues. Why Broadcom’s $100B AI Revenue Forecast May Be Conservative
• Positive Sentiment: Product new releases (post‑quantum in‑flight encryption / SecureHBA deployments) show continued non‑AI enterprise product momentum and diversification. Broadcom (AVGO) Announces Launch of In-Flight Network Encryption Solution
• Neutral Sentiment: ETF/sector flow piece notes tech earnings have grown but share prices lag; Broadcom is mentioned in broader sector recovery context (could influence institutional flows). As Tech Earnings Grow, This ETF Still Hasn’t Caught Up (AVGO)
• Neutral Sentiment: Commentary examines whether the recent ~24% dip after the OpenAI news is a buying opportunity — useful for contrarian investors but not definitive near‑term guidance. Broadcom (AVGO) Stock: Is the 24% Dip a Golden Buying Opportunity After OpenAI Partnership?
• Neutral Sentiment: Morning “stocks to watch” roundup includes AVGO as a headline mover but provides no new fundamental catalyst. 4 stocks to watch on Wednesday: GOOG, GM, AVGO, META
• Neutral Sentiment: Comparisons with TSMC review relative strengths and valuation — useful for portfolio positioning but not a direct catalyst. TSM vs. AVGO: Which is a Better Semiconductor Stock?
• Neutral Sentiment: Report that Broadcom’s AI revenue doubled while the stock barely moved highlights a disconnect between fundamentals and market pricing—explains muted upside despite good numbers. Broadcom’s AI Revenue Just Doubled. The Stock Barely Moved
• Neutral Sentiment: General “AI sell‑off” piece lists names investors might buy into during weakness; broad market sentiment, not company‑specific news. AI Sell-Off: 3 Stocks Investors Should Load Up On
• Negative Sentiment: Insider selling reported across Broadcom raises concern over near‑term insider sentiment and may have amplified the recent pullback as investors take profits. Broadcom Insiders Are Selling Stock. Is AVGO Finally at the End of the Road?

Insider Buying and Selling

In related news, CEO Hock E. Tan sold 70,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer owned 132,836 shares of the company’s stock, valued at $46,133,942.80. This trade represents a 34.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the sale, the insider owned 278,141 shares in the company, valued at $89,450,145.60. This represents a 15.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 403,049 shares of company stock worth $133,459,315 in the last ninety days. Insiders own 1.90% of the company’s stock.

Broadcom Trading Down 2.9%

Shares of Broadcom stock opened at $309.42 on Friday. The firm has a market capitalization of $1.47 trillion, a PE ratio of 60.43, a price-to-earnings-growth ratio of 0.68 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $328.02 and its 200 day moving average is $345.17. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61.

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

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

AVGO has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $485.00 price target on shares of Broadcom in a report on Thursday, March 5th. KeyCorp reissued an “overweight” rating and issued a $500.00 price objective (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Zacks Research downgraded shares of Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Rosenblatt Securities upped their target price on Broadcom from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Oppenheimer raised their target price on Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $435.30.

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.