Donaldson Capital Management LLC Cuts Holdings in Broadcom Inc. $AVGO

Donaldson Capital Management LLC cut its stake in Broadcom Inc. (NASDAQ:AVGO) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 476,954 shares of the semiconductor manufacturer’s stock after selling 30,705 shares during the quarter. Broadcom comprises about 5.2% of Donaldson Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Donaldson Capital Management LLC’s holdings in Broadcom were worth $165,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Miller Global Investments LLC bought a new position in Broadcom in the fourth quarter worth about $31,000. JCIC Asset Management Inc. bought a new stake in Broadcom during the 3rd quarter valued at approximately $31,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Broadcom during the 2nd quarter worth approximately $28,000. Manning & Napier Advisors LLC bought a new position in shares of Broadcom in the 3rd quarter worth approximately $34,000. Finally, Navigoe LLC lifted its stake in shares of Broadcom by 515.0% in the 3rd quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 103 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 70,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total transaction of $24,311,000.00. Following the sale, the chief executive officer directly owned 132,836 shares in the company, valued at approximately $46,133,942.80. This trade represents a 34.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 39,116 shares of Broadcom stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following the completion of the sale, the insider directly owned 74,626 shares of the company’s stock, valued at approximately $24,000,467.86. The trade was a 34.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 373,049 shares of company stock valued at $123,024,715 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Large AI revenue gains and a five‑year, ~$970M U.S. defense software deal reinforce the company’s AI and software revenue runway, a key near‑term driver for investor optimism. What Broadcom (AVGO)’s AI Surge and US$970 Million DISA Deal Means For Shareholders
• Positive Sentiment: Broadcom named Alphabet executive Amie Thuener as its next CFO (effective June 12), a leadership move that markets typically view as stabilizing during a transition. Broadcom taps Alphabet executive Amie Thuener as next CFO (Reuters)
• Positive Sentiment: Prominent investors and many sell‑side analysts remain bullish (some price targets imply large upside), supporting demand for the stock despite recent volatility. Analysts See 61% Upside to Broadcom Inc. (AVGO)
• Neutral Sentiment: Broadcom continues to roll out new enterprise products (Symantec CBX) and is regularly featured in AI‑infrastructure comparisons vs. peers — positive for long‑term positioning but less likely to move the stock immediately. Broadcom Inc. (AVGO) Unveils Symantec CBX for Enterprise-Grade Network Security
• Neutral Sentiment: Media pieces and buy‑lists (e.g., Zacks, Motley Fool comparisons with NVDA/MRVL) keep AVGO in the spotlight; useful for flow but not an immediate catalyst on its own. 3 Must-Buy Profitable Stocks for April 2026 (MU, AVGO, NVDA)
• Negative Sentiment: Large insider selling by co‑founder Henry Samueli drew attention; sizable insider exits can spook investors even if they’re for personal liquidity. What Henry Samueli’s Record Broadcom Sale Signals For AVGO Shareholders
• Negative Sentiment: Erste Group downgraded AVGO from Buy to Hold, a rating move that can pressure sentiment among some institutional investors. Finviz: Quote / Analyst Actions
• Negative Sentiment: Geopolitical tensions (e.g., Iran conflict) have pressured chip stocks broadly by raising supply‑chain and demand risk, creating short‑term headwinds for AVGO alongside peers. Nvidia, Broadcom Drop as Chip Stocks Sell Off. Why War Is Hitting Them So Hard.

Analysts Set New Price Targets

Several brokerages recently weighed in on AVGO. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $475.00 price target (up from $400.00) on shares of Broadcom in a research note on Friday, December 12th. KeyCorp reissued an “overweight” rating and set a $500.00 price objective (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Weiss Ratings restated a “buy (b)” rating on shares of Broadcom in a report on Monday, December 29th. Wolfe Research raised shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a research report on Friday, January 30th. Finally, Mizuho set a $480.00 price target on shares of Broadcom and gave the company an “outperform” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $435.30.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $314.55 on Friday. The business has a fifty day moving average price of $324.84 and a 200-day moving average price of $343.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The company has a market capitalization of $1.49 trillion, a PE ratio of 61.44, a PEG ratio of 0.67 and a beta of 1.24. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61.

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

Broadcom Announces Dividend

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

Broadcom Company 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.