Chesley Taft & Associates LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,266 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,230 shares during the period. Broadcom accounts for about 3.5% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 4th biggest holding. Chesley Taft & Associates LLC’s holdings in Broadcom were worth $89,040,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in AVGO. Arrowstreet Capital Limited Partnership boosted its position in Broadcom by 499.4% during 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 purchasing an additional 4,694,313 shares during the period. Nordea Investment Management AB increased its position in Broadcom by 47.5% in the fourth quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer’s stock worth $3,406,211,000 after buying an additional 3,160,586 shares during the period. Danske Bank A S acquired a new stake in Broadcom in the third quarter worth $987,488,000. Invesco Ltd. lifted its stake in Broadcom by 8.4% in the second quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock valued at $10,598,641,000 after buying an additional 2,978,768 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Broadcom by 41.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer’s stock valued at $2,811,046,000 after buying an additional 2,503,304 shares during the last quarter. 76.43% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, insider Charlie B. Kawwas sold 39,116 shares of the business’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 sale, the insider owned 74,626 shares of the company’s stock, valued at $24,000,467.86. The trade was a 34.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the sale, the chief financial officer owned 327,760 shares of the company’s stock, valued at $105,407,616. This trade represents a 9.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 373,049 shares of company stock valued at $123,024,715. 1.90% of the stock is currently owned by insiders.
Broadcom Price Performance
Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 earnings per share. Equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.
Broadcom Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s dividend payout ratio is currently 50.78%.
Broadcom News Roundup
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: AI-led revenue surge and large government deal — Broadcom reported strong AI semiconductor growth (triple‑digit in segments cited) and has a ~$970M five‑year U.S. DoD software agreement, underpinning near‑term revenue momentum. Broadcom (AVGO) Valuation Check After 106% AI Chip Growth And US$970 Million Defense Software Deal
- Positive Sentiment: Very bullish analyst consensus — >95% of covering analysts rate AVGO a Buy, with consensus targets implying large upside (reports cite mid‑$400s targets / ~60%+ upside), which supports buyer interest and price support. Analysts See 61% Upside to Broadcom Inc. (AVGO)
- Positive Sentiment: New enterprise product (Symantec CBX) expands software/security recurring revenue potential — product launch could help diversify and lengthen revenue visibility for the software/security business. Broadcom Inc. (AVGO) Unveils Symantec CBX for Enterprise-Grade Network Security
- Neutral Sentiment: Competitive positioning vs. peers is mixed — comparisons to Nvidia and Marvell highlight that Broadcom wins via custom silicon and software, but differences in product exposure mean mixed investor takeaways on relative upside. Nvidia vs Broadcom: Which AI Stock Will Make You More Money
- Neutral Sentiment: Average brokerage recommendation flagged as a Buy but may be overstated — some coverage notes ABR is skewed by optimistic sell‑side ratings, so the metric should be viewed with caution. Is Broadcom Inc. (AVGO) a Buy as Wall Street Analysts Look Optimistic?
- Negative Sentiment: Gross margin pressure — several notes call out sequential gross‑margin contraction as AI revenue mix reshapes the business, which could limit near‑term profitability expansion despite revenue growth. AVGO’s Gross Margin Contracts Sequentially: Is Growth Getting Harder?
- Negative Sentiment: Pullback and bear viewpoints — the stock is noted as down year‑to‑date in some pieces, and long‑form critiques raise the “bear case” (valuation, margin risk, non‑AI softness), which can pressure sentiment and create volatility. Broadcom Drops 11% Year to Date: Should You Buy the Stock on the Dip? Broadcom: The Bear Case Nobody Wants To Hear
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. DA Davidson upgraded shares of Broadcom to a “hold” rating in a research report on Friday, February 13th. Wolfe Research upgraded shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a research report on Friday, January 30th. Royal Bank Of Canada reduced their target price on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. UBS Group set a $475.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Morgan Stanley raised their price target on shares of Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and an average price target of $435.30.
Get Our Latest Analysis on AVGO
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.
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