445,854 Shares in Broadcom Inc. $AVGO Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Broadcom Inc. (NASDAQ:AVGO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 445,854 shares of the semiconductor manufacturer’s stock, valued at approximately $147,092,000. Broadcom comprises about 2.3% of Danica Pension Livsforsikringsaktieselskab’s holdings, making the stock its 14th biggest holding.

Several other large investors have also bought and sold shares of AVGO. Capital Counsel LLC NY purchased a new stake in Broadcom during the second quarter worth about $221,000. Waterloo Capital L.P. boosted its stake in Broadcom by 7.0% in the second quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer’s stock valued at $13,331,000 after acquiring an additional 3,180 shares during the last quarter. Providence First Trust Co grew its position in shares of Broadcom by 1,099.3% during the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer’s stock valued at $2,944,000 after acquiring an additional 8,179 shares during the period. RiverFront Investment Group LLC grew its position in shares of Broadcom by 107.6% during the 2nd quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer’s stock valued at $4,555,000 after acquiring an additional 8,566 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Broadcom by 3.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer’s stock worth $109,492,000 after purchasing an additional 10,786 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Hock E. Tan sold 130,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total value of $42,382,600.00. Following the sale, the chief executive officer owned 595,638 shares in the company, valued at approximately $194,189,900.76. This trade represents a 17.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 30,000 shares of Broadcom stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total value of $10,434,600.00. Following the sale, the chief financial officer directly owned 277,237 shares of the company’s stock, valued at $96,428,573.34. This represents a 9.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 385,921 shares of company stock worth $131,232,806. Company insiders own 1.90% of the company’s stock.

Broadcom Trading Down 1.1%

Shares of Broadcom stock opened at $321.31 on Wednesday. The company’s 50-day moving average price is $331.91 and its 200-day moving average price is $345.27. 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 12-month low of $138.10 and a 12-month high of $414.61. The company has a market cap of $1.52 trillion, a price-to-earnings ratio of 62.76, a PEG ratio of 0.70 and a beta of 1.22.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. Broadcom’s revenue was up 29.5% on a year-over-year basis. On average, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AVGO shares. Zacks Research cut shares of Broadcom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Morgan Stanley raised their target price on Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Truist Financial upped their price target on Broadcom from $510.00 to $545.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Deutsche Bank Aktiengesellschaft set a $430.00 price objective on Broadcom and gave the stock a “buy” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.30.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Meta publicly confirms the MTIA partnership with Broadcom, validating Broadcom’s role as a supplier for Meta’s custom inference chips and supporting recurring design wins and long‑term inference demand. This reinforces Broadcom’s AI revenue narrative. META MTIA blog
• Positive Sentiment: Product roadmap and standards progress: Broadcom unveiled new 400G optical DSP, 102.4T switches and 3.5D XPU at OFC and is active in forming the 400G Optical MSA and the Optical Compute Interconnect consortium — moves that cement its position in AI datacenter networking and could support higher ASPs and share gains. Zacks: AVGO boosts AI growth Yahoo: Broadcom AI alliances
• Positive Sentiment: Analyst momentum and targets: multiple price‑target hikes and buy reiterations (including Rosenblatt raising its target and retaining Buy) are boosting the bullish case on AVGO’s AI growth potential. Analyst optimism can support near‑term demand from institutional buyers. InsiderMonkey: Rosenblatt lifts PT Blockonomi: five PT hikes
• Positive Sentiment: Buyback and capital return commentary: coverage notes Broadcom is stepping up buybacks — a supportive corporate action for EPS and shareholder returns that can underpin valuation during choppy trading. MarketBeat: buyback report
• Neutral Sentiment: Congressional purchases: multiple members disclosed buys of AVGO over the past 90 days — a signal that can attract attention but is lagged (45‑day disclosures) and not a definitive trading signal.
• Neutral Sentiment: Sector ripple effects: Broadcom’s earnings commentary helped lift specialty networking names (Credo, Astera), underscoring demand for datacenter connectivity, though these moves reflect ecosystem dynamics rather than direct AVGO revenue this quarter. MarketBeat: Credo/Astera
• Neutral Sentiment: Short interest data reported for March is inconsistent/garbled in the release and does not provide a clear signal on bearish positioning today.
• Negative Sentiment: Meta’s announcement omitted a GenAI training (Olympus) chip — reinforcing reports that Meta has slowed its training‑chip roadmap. That could delay a potential training‑chip revenue stream for Broadcom and push monetization further out. META MTIA blog
• Negative Sentiment: Contrarian views and downgrades: some commentary (e.g., a Seeking Alpha rethink/downgrade piece) highlights valuation, execution risk and investor sentiment as reasons to be cautious — such coverage can pressure the stock amid choppy trading. Seeking Alpha: rethink/downgrade

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.