Kinetic Partners Management LP Sells 261,400 Shares of Broadcom Inc. $AVGO

Kinetic Partners Management LP lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 66.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,911 shares of the semiconductor manufacturer’s stock after selling 261,400 shares during the quarter. Broadcom makes up about 2.1% of Kinetic Partners Management LP’s investment portfolio, making the stock its 22nd largest position. Kinetic Partners Management LP’s holdings in Broadcom were worth $43,519,000 at the end of the most recent reporting period.

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

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 30,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the completion of the sale, the insider owned 210,573 shares in the company, valued at approximately $73,094,099.76. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Harry L. You purchased 1,000 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average cost of $325.13 per share, with a total value of $325,130.00. Following the completion of the transaction, the director directly owned 36,602 shares in the company, valued at $11,900,408.26. The trade was a 2.81% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 429,844 shares of company stock valued at $145,624,987. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the topic of several research reports. Sanford C. Bernstein restated an “outperform” rating and issued a $475.00 target price (up from $400.00) on shares of Broadcom in a research note on Friday, December 12th. Benchmark reiterated a “buy” rating and set a $485.00 target price on shares of Broadcom in a research note on Thursday, March 5th. DA Davidson raised shares of Broadcom to a “hold” rating in a report on Friday, February 13th. Raymond James Financial set a $420.00 price objective on Broadcom and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Broadcom in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average 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: Wall Street remains highly bullish — nearly all covering analysts rate AVGO Buy and median price targets sit well above the current level, supporting upside expectations. Read More.
• Positive Sentiment: Company fundamentals and guidance are backing the AI story: recent quarterly results beat estimates, Broadcom reported large AI revenue (reported ~$12B FY25) and guided substantial AI revenue for the quarter — commentary that validates continued demand from hyperscalers and AI custom chip builds. Read More.
• Positive Sentiment: Capital return activity is notable — Broadcom is stepping up buybacks, which can support the share price by reducing float and signaling management confidence. Read More.
• Positive Sentiment: Product and roadmap news: Broadcom announced availability of the Taurus™ BCM83640, reinforcing its competitive position in networking and AI infrastructure components. Product cadence helps underwrite medium‑term revenue growth. Read More.
• Neutral Sentiment: Political/investor-interest signal: multiple members of Congress disclosed buys of AVGO — a datapoint that can attract retail attention but is informational rather than a direct catalyst. Read More.
• Negative Sentiment: Institutional trimming: Ameriprise disclosed a ~6.6% reduction in its AVGO position, a small headwind that could add selling pressure if other large holders follow suit. Read More.

Broadcom Stock Performance

Shares of AVGO stock opened at $324.92 on Tuesday. Broadcom Inc. has a 52 week low of $138.10 and a 52 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 company has a market cap of $1.54 trillion, a price-to-earnings ratio of 63.46, a price-to-earnings-growth ratio of 0.69 and a beta of 1.22. The firm has a 50 day moving average of $332.36 and a 200-day moving average of $345.10.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $19.10 billion. During the same quarter in the previous year, the business posted $1.60 EPS. Broadcom’s quarterly revenue was up 29.5% on a year-over-year basis. On average, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid 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 50.78%.

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.