Tema Etfs LLC Acquires 5,167 Shares of Broadcom Inc. $AVGO

Tema Etfs LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO) by 12.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,118 shares of the semiconductor manufacturer’s stock after buying an additional 5,167 shares during the quarter. Broadcom makes up about 1.2% of Tema Etfs LLC’s holdings, making the stock its 9th largest position. Tema Etfs LLC’s holdings in Broadcom were worth $15,615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVGO. PFS Partners LLC raised its holdings in shares of Broadcom by 71.6% in the 4th quarter. PFS Partners LLC now owns 278 shares of the semiconductor manufacturer’s stock worth $96,000 after acquiring an additional 116 shares during the last quarter. Weatherly Asset Management L. P. lifted its position in Broadcom by 9.3% in the 4th quarter. Weatherly Asset Management L. P. now owns 15,596 shares of the semiconductor manufacturer’s stock valued at $5,398,000 after acquiring an additional 1,332 shares in the last quarter. Wealth Advisors Northwest LLC boosted its stake in Broadcom by 134.7% during the 4th quarter. Wealth Advisors Northwest LLC now owns 1,894 shares of the semiconductor manufacturer’s stock valued at $656,000 after purchasing an additional 1,087 shares during the last quarter. CRA Financial Services LLC boosted its stake in Broadcom by 1.7% during the 4th quarter. CRA Financial Services LLC now owns 24,686 shares of the semiconductor manufacturer’s stock valued at $8,544,000 after purchasing an additional 411 shares during the last quarter. Finally, McLean Asset Management Corp increased its holdings in Broadcom by 16.5% during the 4th quarter. McLean Asset Management Corp now owns 3,653 shares of the semiconductor manufacturer’s stock worth $1,241,000 after purchasing an additional 518 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Insider Activity at Broadcom

In related news, CFO Kirsten M. Spears sold 36,292 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the completion of the transaction, the chief financial officer owned 327,760 shares in the company, valued at approximately $105,407,616. This represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider S. Ram Velaga sold 38,841 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the sale, the insider owned 96,147 shares of the company’s stock, valued at $30,920,875.20. This trade represents a 28.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 273,049 shares of company stock valued at $88,300,115 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Broadcom Stock Performance

AVGO stock opened at $314.43 on Tuesday. 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 has a market cap of $1.49 trillion, a PE ratio of 61.41, a P/E/G ratio of 0.67 and a beta of 1.24. The business has a 50 day moving average of $324.52 and a 200-day moving average of $342.80. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61.

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

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were 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 was Monday, March 23rd. Broadcom’s payout ratio is presently 50.78%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long-term agreement with Google to develop and supply future generations of custom AI chips and other components for Google’s next‑generation AI racks through 2031, giving Broadcom multi‑year design wins and meaningful revenue visibility. Read More.
• Positive Sentiment: Broadcom expanded its strategic collaboration involving Anthropic, agreeing to provide additional computing capacity (reported ~3.5 GW of capacity sourced from Google’s AI processors), which supports near‑term utilization and potential recurring revenue from cloud/AI services. Read More.
• Positive Sentiment: Market reaction: the stock climbed in after‑hours trading after Broadcom filed the deal details, reflecting investor enthusiasm for large, long‑duration AI contracts and the potential uplift to AI chip and networking sales. Read More.
• Neutral Sentiment: Management outlook: CEO Hock Tan has outlined a vision that AI chip revenue could exceed $100 billion by 2027 — a bullish long‑term target that supports upside expectations but depends on execution, ramp timing and contract economics. Read More.
• Neutral Sentiment: Product diversification: Broadcom launched Symantec CBX, an AI‑powered cloud XDR/security platform that broadens its software/security mix and could smooth revenue cyclicality over time. Read More.
• Negative Sentiment: Analyst action: Erste Group trimmed its rating on Broadcom to Hold, a reminder that some sell‑side firms remain cautious on valuation and near‑term expectations despite the AI deal flow. Read More.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AVGO shares. Morgan Stanley raised their target price on Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Royal Bank Of Canada decreased their price target on Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Mizuho set a $480.00 price target on Broadcom and gave the company an “outperform” rating in a research report on Friday, January 9th. Piper Sandler restated an “overweight” rating and set a $430.00 price objective (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Broadcom in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $435.30.

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.