Cadence Bank Cuts Position in Broadcom Inc. $AVGO

Cadence Bank decreased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 221,053 shares of the semiconductor manufacturer’s stock after selling 8,237 shares during the quarter. Broadcom comprises approximately 4.4% of Cadence Bank’s investment portfolio, making the stock its 3rd largest holding. Cadence Bank’s holdings in Broadcom were worth $72,928,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Capital Wealth Planning LLC boosted its stake in Broadcom by 202.3% during the third quarter. Capital Wealth Planning LLC now owns 48,893 shares of the semiconductor manufacturer’s stock worth $16,130,000 after acquiring an additional 32,722 shares in the last quarter. EHP Funds Inc. bought a new stake in Broadcom in the third quarter valued at $396,000. FreeGulliver LLC increased its stake in Broadcom by 184.6% in the third quarter. FreeGulliver LLC now owns 4,893 shares of the semiconductor manufacturer’s stock valued at $1,614,000 after purchasing an additional 3,174 shares in the last quarter. Glenmede Investment Management LP raised its holdings in shares of Broadcom by 28.8% during the third quarter. Glenmede Investment Management LP now owns 385,409 shares of the semiconductor manufacturer’s stock valued at $127,150,000 after purchasing an additional 86,161 shares during the period. Finally, Jump Financial LLC raised its holdings in shares of Broadcom by 15.0% during the third quarter. Jump Financial LLC now owns 162,319 shares of the semiconductor manufacturer’s stock valued at $53,551,000 after purchasing an additional 21,131 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AVGO. Mizuho set a $480.00 target price on Broadcom and gave the company an “outperform” rating in a research note on Friday, January 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $475.00 price target (up from $400.00) on shares of Broadcom in a research note on Friday, December 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 price objective on shares of Broadcom in a research note on Monday, January 5th. Bank of America decreased their price objective on Broadcom from $500.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Finally, Truist Financial upped their target price on Broadcom from $510.00 to $545.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and an average target price of $435.30.

Broadcom Stock Performance

Shares of Broadcom stock opened at $322.16 on Friday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $332.73 and a 200-day moving average price of $344.35. The company has a market cap of $1.53 trillion, a PE ratio of 62.92, a price-to-earnings-growth ratio of 0.77 and a beta of 1.22.

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

Broadcom Dividend Announcement

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

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom says it is now shipping the world’s first 102.4 Tbps switch in production volume, reinforcing its leadership in high‑performance networking for AI datacenters and supporting long‑term revenue potential from AI infrastructure. Broadcom Now Shipping World’s First 102.4 Tbps Switch in Production Volume
• Positive Sentiment: Wall Street remains constructive: Morgan Stanley raised its price target (keeps Overweight) and MarketBeat notes fresh analyst upside estimates after a strong quarter — supportive for medium‑term upside. Morgan Stanley Raises PT on Broadcom, Keeps Overweight Rating
• Positive Sentiment: Broadcom projects very large AI opportunity (>$100B target for AI chip revenue in 2027) and multiple bullish writeups argue AI momentum will drive strong cash flow and share gains versus peers. These projections fuel the bullish fundamental case. Broadcom (AVGO) Rises on AI Chip Sales Forecasts for 2027
• Positive Sentiment: Company is actively repurchasing stock (recent big quarterly buyback and a new $10B authorization), signaling management confidence and providing demand support for the share price. Berkshire, Broadcom & Nucor Are Reving Their Buyback Engines
• Neutral Sentiment: Broadcom showcased an end‑to‑end AI infrastructure portfolio at OFC 2026 (XPUs, optics, PCIe, etc.), a marketing/technical win that supports product breadth but has unclear short‑term revenue impact. Broadcom Showcases Industry-Leading Solutions for Scaling AI Infrastructure at OFC 2026
• Neutral Sentiment: Reported short‑interest data in filings appears anomalous/unstable (zero‑share entries), so it is not a reliable explanation for intraday moves. Market data / short interest
• Negative Sentiment: Critical analysis warns there’s a “catch” to the $100B AI vision — competition (Nvidia), execution risk, timing and margin assumptions could make that target hard to realize quickly; such skepticism can prompt selling by investors expecting immediate payoff. There’s A Catch To Broadcom’s $100B AI Vision
• Negative Sentiment: Macro/market factors (recent tech rotation, geopolitical and commodity‑driven volatility) and valuation concerns (high P/E versus peers after the run‑up) are increasing near‑term downside pressure as investors trim positions. Broadcom’s AI Momentum Could Be Far From Over

Insiders Place Their Bets

In other news, insider Mark David Brazeal sold 38,281 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total value of $12,542,769.65. Following the completion of the sale, the insider owned 266,494 shares in the company, valued at $87,316,759.10. This represents a 12.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 30,000 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the completion of the sale, the chief financial officer owned 277,237 shares of the company’s stock, valued at approximately $96,428,573.34. This represents a 9.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 458,785 shares of company stock valued at $155,508,157 in the last three months. 1.90% of the stock is currently owned by insiders.

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.