Eastern Bank Trims Holdings in Broadcom Inc. $AVGO

Eastern Bank cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,126 shares of the semiconductor manufacturer’s stock after selling 29,663 shares during the period. Broadcom accounts for about 3.2% of Eastern Bank’s portfolio, making the stock its 6th biggest position. Eastern Bank’s holdings in Broadcom were worth $187,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AVGO. Baring Financial LLC raised its holdings in Broadcom by 2.2% during the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock valued at $470,000 after buying an additional 29 shares during the period. Arthur M. Cohen & Associates LLC boosted its stake in Broadcom by 0.6% during the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock worth $1,577,000 after buying an additional 30 shares during the period. Jackson Hole Capital Partners LLC increased its position in Broadcom by 1.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock valued at $716,000 after acquiring an additional 30 shares during the last quarter. Private Wealth Partners LLC increased its position in Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock valued at $1,410,000 after acquiring an additional 30 shares during the last quarter. Finally, Planning Alternatives Ltd. ADV raised its stake in shares of Broadcom by 1.4% in the third quarter. Planning Alternatives Ltd. ADV now owns 2,168 shares of the semiconductor manufacturer’s stock valued at $715,000 after acquiring an additional 30 shares during the period. 76.43% of the stock is owned by institutional investors.

Key Headlines Impacting Broadcom

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

Insider Activity at Broadcom

In other Broadcom news, insider S. Ram Velaga sold 38,841 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the sale, the insider owned 96,147 shares of the company’s stock, valued at approximately $30,920,875.20. This trade represents a 28.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 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 $11,671,507.20. Following the completion of the transaction, the chief financial officer directly owned 327,760 shares of the company’s stock, valued at approximately $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 373,049 shares of company stock valued at $123,024,715 over the last quarter. 1.90% of the stock is owned by insiders.

Broadcom Stock Performance

AVGO stock opened at $313.49 on Thursday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. The business has a 50-day moving average price of $325.06 and a 200 day moving average price of $343.71. The company has a market capitalization of $1.48 trillion, a P/E ratio of 61.23, a PEG ratio of 0.66 and a beta of 1.24. 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 earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.02. The company had revenue of $19.31 billion for 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 quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.60 EPS. As a group, equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Ratings Changes

AVGO has been the subject of several analyst reports. TD Cowen restated a “buy” rating on shares of Broadcom in a report on Friday, December 12th. Wolfe Research upgraded shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a report on Friday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Broadcom from $475.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Rosenblatt Securities boosted their target price on Broadcom from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Barclays reaffirmed an “overweight” rating and set a $500.00 target price (up from $450.00) on shares of Broadcom in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and an average price target of $435.30.

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.