Trust Co. of Vermont Has $12.27 Million Position in Broadcom Inc. $AVGO

Trust Co. of Vermont raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 102.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,463 shares of the semiconductor manufacturer’s stock after buying an additional 17,926 shares during the period. Trust Co. of Vermont’s holdings in Broadcom were worth $12,274,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Providence First Trust Co raised its holdings in Broadcom by 1,099.3% in the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer’s stock worth $2,944,000 after acquiring an additional 8,179 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Broadcom by 3.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer’s stock worth $109,492,000 after acquiring an additional 10,786 shares during the period. Lmcg Investments LLC grew its position in Broadcom by 9.4% in the 3rd quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer’s stock worth $12,854,000 after purchasing an additional 3,357 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Broadcom by 13.3% during the 2nd quarter. AQR Capital Management LLC now owns 3,877,709 shares of the semiconductor manufacturer’s stock worth $1,063,501,000 after purchasing an additional 455,851 shares during the period. Finally, Wright Investors Service Inc. increased its holdings in shares of Broadcom by 5.4% during the 3rd quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer’s stock worth $13,909,000 after purchasing an additional 2,178 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AVGO. The Goldman Sachs Group restated a “buy” rating and set a $450.00 price objective on shares of Broadcom in a report on Monday, January 5th. Bank of America dropped their price objective on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Morgan Stanley boosted their price objective on shares of Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Royal Bank Of Canada dropped their price objective on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Finally, Robert W. Baird set a $420.00 price objective on shares of Broadcom in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $435.30.

Insider Buying and Selling at Broadcom

In related news, insider Charlie B. Kawwas sold 39,116 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.61, for a total value of $12,580,096.76. Following the sale, the insider owned 74,626 shares of the company’s stock, valued at $24,000,467.86. The trade was a 34.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the transaction, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 273,049 shares of company stock worth $88,300,115. Insiders own 1.90% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $314.43 on Tuesday. The stock has a market cap of $1.49 trillion, a P/E ratio of 61.41, a PEG ratio of 0.67 and a beta of 1.24. The company’s 50-day simple moving average is $324.52 and its 200 day simple moving average is $342.80. Broadcom Inc. has a twelve month low of $138.10 and a twelve month 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.

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

Broadcom Dividend Announcement

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

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long-term deal to develop and supply future generations of Google’s custom AI chips and other data‑center components through 2031 — a major, revenue‑backing win for AVGO. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: Broadcom expanded collaboration with Anthropic, providing additional computing capacity (and tying Broadcom into fast‑growing AI workloads), boosting visibility into multi‑year demand. Broadcom agrees to expanded chip deals with Google, Anthropic
• Positive Sentiment: SEC filings and after‑hours reports showing the Google/Anthropic deals drove immediate buying interest (after‑hours and premarket gains), signaling strong near‑term sentiment from traders. Broadcom Stock Gains After Filing Shows Deal With Google
• Positive Sentiment: Management has a very bullish AI outlook (CEO line-of-sight to materially larger AI chip revenue), reinforcing investor expectations that Broadcom can capture significant share in custom AI silicon. Broadcom’s CEO Has Line of Sight to $100 Billion in AI Chip Revenue. Is the Stock a Buy?
• Neutral Sentiment: Analyst consensus remains generally favorable (consensus “Moderate Buy” in some reports and inclusion on “best S&P 500” lists), supporting a constructive medium‑term narrative despite recent volatility. Broadcom Inc. (NASDAQ:AVGO) Given Consensus Rating of “Moderate Buy” by Analysts
• Negative Sentiment: Erste Group downgraded Broadcom from Buy to Hold, citing concerns about growth in the software segment — a reminder that not all revenue drivers are uniformly strong and that valuation is elevated. Broadcom (AVGO) Downgraded on Concerns Over Software Segment Growth

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.