Waddell & Associates LLC Has $1.66 Million Position in Broadcom Inc. $AVGO

Waddell & Associates LLC lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 46.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,029 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,593 shares during the quarter. Waddell & Associates LLC’s holdings in Broadcom were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. JCIC Asset Management Inc. bought a new stake in shares of Broadcom in the 3rd quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC acquired a new stake in Broadcom in the second quarter valued at approximately $27,000. Teachers Insurance & Annuity Association of America acquired a new stake in Broadcom in the second quarter valued at approximately $28,000. Manning & Napier Advisors LLC bought a new stake in Broadcom in the third quarter worth approximately $34,000. Finally, New England Capital Financial Advisors LLC acquired a new position in shares of Broadcom during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

NASDAQ:AVGO opened at $332.31 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.58 trillion, a PE ratio of 69.81, a price-to-earnings-growth ratio of 1.04 and a beta of 1.21. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The company’s 50-day moving average price is $336.92 and its two-hundred day moving average price is $342.35.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The company had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. Broadcom’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.65 per share. The ex-dividend date was Monday, December 22nd. This is a boost from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is currently 54.62%.

Insider Buying and Selling

In related news, CEO Hock E. Tan sold 70,000 shares of the firm’s 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 owned 132,836 shares of the company’s stock, valued at approximately $46,133,942.80. This trade represents a 34.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 1,928 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $327.80, for a total value of $631,998.40. Following the completion of the transaction, the insider directly owned 23,582 shares of the company’s stock, valued at approximately $7,730,179.60. The trade was a 7.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 779,101 shares of company stock valued at $283,804,325 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts/strategists flag long-term AI tailwinds and adjusted valuations that support upside for AVGO; TD Cowen’s note highlighting AI-driven runway helped lift sentiment. TD Cowen Adjusts Broadcom Valuation
• Positive Sentiment: Broadcom launched “BroadPeak,” a new connectivity chip positioned for 5G Advanced/6G and lower power use; product news supports the company’s stated AI and connectivity growth narrative. BroadPeak Launch
• Positive Sentiment: Market commentary noted a near-term bump (AVGO up intraday) and analysts saying a larger move may be ahead, reinforcing momentum into the earnings catalyst. Invezz Article
• Positive Sentiment: Dividend continuity: Broadcom announced the next quarterly dividend payment date, supporting the income profile for shareholders. Dividend Announcement
• Neutral Sentiment: Upcoming earnings (quarterly report expected March 4) is the key near-term catalyst — Wall Street expects revenue/earnings growth, so results will likely drive the next leg of the move. Fool Preview
• Neutral Sentiment: Zacks and MarketBeat pieces lay out what to watch into earnings (AI revenue trajectory, semiconductor growth, guidance); they serve as checklists for the upcoming report rather than clear buys/sells. Zacks Earnings Preview
• Neutral Sentiment: Short-interest data published for February appears inconsistent/erroneous (shows zeros/NaN), so it’s not a reliable signal this cycle; treat short-interest moves with caution until corrected.
• Negative Sentiment: Hedge fund MIG Capital (Richard Merage) trimmed its Broadcom stake by 18,461 shares — a small selling signal that may amplify caution for some investors. MIG Capital Stake Trim
• Negative Sentiment: Some analyst commentary and previews suggest Broadcom may lack the specific combination of beats and upside in guidance to guarantee an earnings surprise, which raises downside risk into the report. Zacks Earnings Caution
• Negative Sentiment: Recent session-level weakness was reported in coverage notes, which could feed short-term profit-taking ahead of earnings. Zacks Market Note

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AVGO shares. Barclays reiterated an “overweight” rating and issued a $500.00 price objective (up from $450.00) on shares of Broadcom in a report on Friday, December 12th. Royal Bank Of Canada assumed coverage on Broadcom in a research note on Wednesday, January 14th. They set a “sector perform” rating and a $370.00 price target for the company. UBS Group set a $475.00 price objective on Broadcom and gave the company a “buy” rating in a report on Monday, December 15th. Benchmark boosted their target price on Broadcom from $385.00 to $485.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Truist Financial upped their target price on Broadcom from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $433.13.

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.