Broadcom Inc. $AVGO Shares Sold by CGN Advisors LLC

CGN Advisors LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,168 shares of the semiconductor manufacturer’s stock after selling 2,565 shares during the period. CGN Advisors LLC’s holdings in Broadcom were worth $7,672,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Legacy Wealth Management LLC MS raised its position in Broadcom by 1.8% in the 4th quarter. Legacy Wealth Management LLC MS now owns 8,106 shares of the semiconductor manufacturer’s stock valued at $2,805,000 after purchasing an additional 147 shares during the last quarter. Grant Private Wealth Management Inc boosted its stake in Broadcom by 3.2% during the 4th quarter. Grant Private Wealth Management Inc now owns 24,194 shares of the semiconductor manufacturer’s stock worth $8,374,000 after purchasing an additional 744 shares during the period. City Center Advisors LLC grew its position in Broadcom by 6.2% during the 4th quarter. City Center Advisors LLC now owns 3,365 shares of the semiconductor manufacturer’s stock worth $1,165,000 after purchasing an additional 196 shares during the last quarter. Union Bancaire Privee UBP SA grew its position in Broadcom by 16.9% during the 4th quarter. Union Bancaire Privee UBP SA now owns 680,944 shares of the semiconductor manufacturer’s stock worth $239,342,000 after purchasing an additional 98,194 shares during the last quarter. Finally, Trust Co of the South increased its stake in Broadcom by 59.7% in the fourth quarter. Trust Co of the South now owns 6,508 shares of the semiconductor manufacturer’s stock valued at $2,252,000 after purchasing an additional 2,433 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Down 2.9%

Shares of NASDAQ:AVGO opened at $310.51 on Friday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two 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 firm’s 50-day simple moving average is $330.43 and its 200-day simple moving average is $344.98. The company has a market cap of $1.47 trillion, a price-to-earnings ratio of 60.65, a PEG ratio of 0.69 and a beta of 1.22.

Broadcom (NASDAQ:AVGO) last posted its quarterly 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 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling at Broadcom

In related news, insider Charlie B. Kawwas sold 39,116 shares of the company’s stock in a transaction 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 transaction, the insider owned 74,626 shares of the company’s stock, valued at $24,000,467.86. This represents a 34.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $12,491,265.60. Following the completion of the transaction, the insider owned 96,147 shares of the company’s stock, valued at $30,920,875.20. The trade was a 28.77% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 528,970 shares of company stock worth $177,150,321. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AVGO shares. Citigroup upped their target price on shares of Broadcom from $458.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 5th. TD Cowen reissued a “buy” rating on shares of Broadcom in a report on Friday, December 12th. Royal Bank Of Canada dropped their price target on Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Barclays reaffirmed an “overweight” rating and set a $500.00 price objective (up from $450.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, Wells Fargo & Company raised Broadcom from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $410.00 to $430.00 in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom began production‑volume shipments of the Tomahawk‑6 102.4 Tbps switch — a commercialization milestone that supports near‑term revenue from AI networking buildouts. Tomahawk‑6 Production Volume Shipping
• Positive Sentiment: Broadcom announced shipping the industry’s first end‑to‑end post‑quantum‑cryptography (PQC) safe, in‑flight network encryption solution — a product win that can expand enterprise networking addressable market. PQC Network Encryption Shipping
• Positive Sentiment: Quarterly results and commentary point to heavy AI-driven demand (semiconductor AI revenue up materially and hyperscaler ramps) and management guidance implying faster top‑line growth into Q2 — a tailwind for earnings expectations. Q1 Results & Guidance
• Positive Sentiment: Public confirmation of a custom‑chip relationship with Meta (MTIA) and new optical/400G products strengthen Broadcom’s positioning in hyperscaler AI networking and XPU ecosystems. Meta MTIA & Optical Tech
• Neutral Sentiment: Analyst reaction is mixed — several price‑target raises and bullish notes coexist with critical takes; consensus remains a “Moderate Buy” but creates two‑way trading pressure. Analyst Activity
• Negative Sentiment: Clustered insider selling: multiple executives (including CFO Kirsten Spears and other officers) sold large blocks on March 16–17, which can sap investor confidence and pressure the tape short‑term. Kirsten M. Spears Form 4 (SEC)
• Negative Sentiment: Cloud industry group has petitioned EU regulators for an interim measure over Broadcom’s changes to VMware programs, raising regulatory/legal uncertainty in Europe around its software franchise. EU Interim Measure Request (Reuters)
• Negative Sentiment: Technical downside risk: chart analysts flag a nine‑week symmetrical triangle with a potential breakdown and growing bearish momentum — this can amplify selling if key supports fail. Technical Breakdown Signal

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.