Dakota Wealth Management Cuts Holdings in Broadcom Inc. $AVGO

Dakota Wealth Management trimmed its stake in Broadcom Inc. (NASDAQ:AVGO) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,888 shares of the semiconductor manufacturer’s stock after selling 19,189 shares during the period. Broadcom accounts for 0.8% of Dakota Wealth Management’s portfolio, making the stock its 26th largest position. Dakota Wealth Management’s holdings in Broadcom were worth $37,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Broadcom by 1.3% during the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after acquiring an additional 6,222,802 shares during the last quarter. State Street Corp grew its position in Broadcom by 0.5% during the 2nd quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock worth $51,071,601,000 after purchasing an additional 873,963 shares during the last quarter. Geode Capital Management LLC increased its stake in Broadcom by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock valued at $29,827,649,000 after purchasing an additional 2,226,585 shares in the last quarter. Norges Bank acquired a new stake in shares of Broadcom during the second quarter worth $18,579,549,000. Finally, Invesco Ltd. grew its holdings in shares of Broadcom by 8.4% during 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. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 320,316 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $400.53, for a total value of $128,296,167.48. Following the completion of the transaction, the director owned 37,326,540 shares of the company’s stock, valued at approximately $14,950,399,066.20. This trade represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 38,281 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $327.65, for a total transaction of $12,542,769.65. Following the sale, the insider directly owned 266,494 shares in the company, valued at approximately $87,316,759.10. The trade was a 12.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 779,101 shares of company stock worth $283,804,325 in the last 90 days. Insiders own 2.00% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Brokerage and fund interest remains high — Zacks upgraded AVGO to a #2 (Buy), which can attract buyers and support near-term flows. Broadcom Inc. (AVGO) Upgraded to Buy: Here’s Why
• Positive Sentiment: Institutional flows: Cathie Wood’s ARK disclosed a meaningful purchase (24,205 shares) and AVGO is on some large-firm growth lists, signaling conviction around AI exposure. Broadcom (AVGO) Draws Investor Interest Amid AI Growth Expectations
• Positive Sentiment: Analyst model upgrades: Erste Group raised earnings estimates, which supports higher valuation frameworks for AVGO. Erste Group Bank Increases Earnings Estimates for Broadcom
• Positive Sentiment: Wall Street price-targets still show substantial upside (consensus/analyst notes point to ~30%+ upside), keeping the bullish narrative intact for growth investors. Wall Street Analysts Believe Broadcom Inc. (AVGO) Could Rally 35.33%
• Neutral Sentiment: Market attention is elevated — multiple outlets note heavy investor interest and search activity; that can amplify moves in either direction depending on upcoming results and commentary. Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Upcoming earnings are the key catalyst — Wall Street expects strong revenue growth (~$19.1B for Q1) but will focus on Q2 guidance and margins; the report can swing sentiment materially. AVGO Earnings Are Just Around the Corner—Here’s What to Watch
• Negative Sentiment: Citi trimmed its price target to $458 (from $480) despite keeping a Buy rating — a signal that some analysts are tempering upside expectations even as they remain constructive. Citi Lowers PT on Broadcom Inc. (AVGO) Stock
• Negative Sentiment: Analyst caution on AI ASIC concentration and hyperscaler exposure raises risk — some reports flag that rapid AI mix growth could pressure gross margins and create concentration risk with large cloud customers. Broadcom Inc. (AVGO) Draws Mixed Analyst Views as AI ASIC Momentum Faces Hyperscaler Risks

Broadcom Stock Down 0.7%

Shares of NASDAQ:AVGO opened at $330.34 on Tuesday. The business has a fifty day moving average of $337.11 and a two-hundred day moving average of $342.27. The stock has a market cap of $1.57 trillion, a P/E ratio of 69.40, a PEG ratio of 1.06 and a beta of 1.21. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $414.61.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. Broadcom’s revenue was up 28.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.42 EPS. On average, research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.65 dividend. The ex-dividend date was Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. This is a boost from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AVGO. Mizuho set a $480.00 target price on Broadcom and gave the stock an “outperform” rating in a research note on Friday, January 9th. Barclays restated an “overweight” rating and issued a $500.00 price objective (up from $450.00) on shares of Broadcom in a research note on Friday, December 12th. Citigroup reaffirmed a “buy” rating and set a $458.00 target price (down previously from $480.00) on shares of Broadcom in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, UBS Group set a $475.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research note on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $433.13.

Broadcom 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.