Congress Park Capital LLC Boosts Stake in Broadcom Inc. $AVGO

Congress Park Capital LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 82.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,701 shares of the semiconductor manufacturer’s stock after buying an additional 3,036 shares during the period. Congress Park Capital LLC’s holdings in Broadcom were worth $2,319,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AVGO. State Street Corp boosted its position in shares of Broadcom by 0.5% during the 2nd quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock valued at $51,071,601,000 after acquiring an additional 873,963 shares during the last quarter. Invesco Ltd. increased its position in Broadcom by 1.8% in the third quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer’s stock worth $12,915,861,000 after purchasing an additional 700,021 shares during the last quarter. Legal & General Group Plc increased its position in Broadcom by 2.3% in the third quarter. Legal & General Group Plc now owns 33,450,786 shares of the semiconductor manufacturer’s stock worth $11,035,749,000 after purchasing an additional 748,709 shares during the last quarter. Alliancebernstein L.P. raised its stake in Broadcom by 3.7% during the second quarter. Alliancebernstein L.P. now owns 30,598,590 shares of the semiconductor manufacturer’s stock valued at $8,434,501,000 after purchasing an additional 1,084,776 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Broadcom by 4.0% during the third quarter. Franklin Resources Inc. now owns 29,511,195 shares of the semiconductor manufacturer’s stock valued at $9,736,038,000 after purchasing an additional 1,124,590 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In related news, insider Charlie B. Kawwas sold 39,116 shares of the firm’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 sale, the insider directly owned 74,626 shares of the company’s stock, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 70,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 373,049 shares of company stock valued at $123,024,715. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

AVGO has been the subject of a number of recent research reports. Citigroup lifted their price objective on shares of Broadcom from $458.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. KeyCorp restated an “overweight” rating and set a $500.00 target price (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Benchmark reaffirmed a “buy” rating and issued a $485.00 price target on shares of Broadcom in a report on Thursday, March 5th. Rosenblatt Securities lifted their price target on Broadcom from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a research note on Monday, December 29th. One equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $435.30.

Broadcom News Summary

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

Broadcom Trading Up 1.3%

Shares of AVGO opened at $313.49 on Thursday. The company’s fifty day simple moving average is $325.06 and its 200-day simple moving average is $343.71. The company has a market cap of $1.48 trillion, a P/E ratio of 61.23, a P/E/G ratio of 0.66 and a beta of 1.24. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The firm had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.60 EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, March 23rd. Broadcom’s payout ratio is 50.78%.

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.