Aberdeen Group plc Cuts Stock Position in Broadcom Inc. $AVGO

Aberdeen Group plc cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,250,826 shares of the semiconductor manufacturer’s stock after selling 32,497 shares during the quarter. Broadcom makes up about 2.3% of Aberdeen Group plc’s portfolio, making the stock its 8th largest position. Aberdeen Group plc owned approximately 0.09% of Broadcom worth $1,471,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AVGO. Brighton Jones LLC grew its stake in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after acquiring an additional 756 shares in the last quarter. United Bank grew its stake in shares of Broadcom by 76.5% in the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after acquiring an additional 1,014 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Broadcom by 10.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock worth $3,499,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Capital & Planning LLC grew its stake in shares of Broadcom by 10.5% in the 2nd quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock worth $1,098,000 after acquiring an additional 378 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long‑term agreement to design and supply Google’s next‑generation custom AI chips and components through 2031, positioning AVGO as a core provider for Google’s AI racks and increasing multi‑year revenue visibility. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: Broadcom will also expand capacity commitments with Anthropic (via Google infrastructure), giving the AI startup more compute access and signaling accelerating demand from large AI model customers. Anthropic ups compute deal with Google and Broadcom amid skyrocketing demand
• Positive Sentiment: Broker and media coverage reacted favorably: reports note that the Google/Anthropic deals materially improve multi‑year visibility for Broadcom’s AI chip and networking businesses and helped lift the stock in pre‑market/after‑hours trade. Broadcom to Supply AI Chips to Google, Computing Capacity to Anthropic in Expanded Collaboration
• Positive Sentiment: Rosenblatt reaffirmed a “buy” on AVGO and set a $500 price target, reinforcing bullish analyst sentiment and providing a high‑profile upside reference for traders. Benzinga: Rosenblatt reaffirms buy, $500 PT
• Positive Sentiment: Several outlets and analysts (Zacks, Proactive, 247WallStreet) highlight Broadcom and Micron as critical AI infrastructure enablers — Zacks maintains a bullish view that favors long‑term demand from hyperscalers. Micron and Broadcom: 2 Critical AI Infrastructure Enablers
• Neutral Sentiment: Coverage questions whether these deals can revive broader weakness in the AI trade — articles note AVGO’s recent underperformance versus some peers despite strong fundamentals. Broadcom Stock Gains on Google and Anthropic Deals. Can It Help Revive a Flagging AI Trade?
• Neutral Sentiment: Market commentary urges long‑term investors to “buy the dip” on AVGO given fundamentals, but notes recent share volatility and that benefits will be realized over multiple years. Broadcom Slips 9% – Why Smart Investors Should Buy the Dip Now
• Negative Sentiment: Some analysts remain cautious: Erste Group downgraded AVGO on concerns about the growth trajectory of its software segment, highlighting execution and margin risks outside the chip business. Broadcom (AVGO) Downgraded on Concerns Over Software Segment Growth
• Negative Sentiment: Technicals and valuation remain headwinds after a pullback from December highs; some outlets point out AVGO has entered a technical bear territory, which can amplify short‑term downside risk despite the new deals. Broadcom stock price bullish flag points to more gains after the Anthropic deal

Broadcom Trading Up 6.2%

Shares of Broadcom stock opened at $333.97 on Wednesday. Broadcom Inc. has a 52-week low of $153.09 and a 52-week high of $414.61. The stock’s 50-day simple moving average is $324.54 and its 200 day simple moving average is $342.73. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 65.23, a P/E/G ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

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

Broadcom Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Zacks Research upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadcom in a report on Monday, December 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $500.00 price target on shares of Broadcom in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.

Insider Buying and Selling

In other news, insider Mark David Brazeal sold 50,488 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the transaction, the insider directly owned 278,141 shares of the company’s stock, valued at $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the transaction, the chief financial officer directly owned 327,760 shares of the company’s stock, valued at $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 273,049 shares of company stock valued at $88,300,115 over the last three months. Insiders own 1.90% of the company’s stock.

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.