Broadcom Inc. $AVGO Stock Position Boosted by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 845,125 shares of the semiconductor manufacturer’s stock after buying an additional 112,477 shares during the quarter. Broadcom comprises approximately 2.6% of Intech Investment Management LLC’s portfolio, making the stock its 5th biggest holding. Intech Investment Management LLC’s holdings in Broadcom were worth $292,498,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AVGO. Miller Global Investments LLC purchased a new position in Broadcom during the fourth quarter worth about $31,000. Nvest Wealth Strategies Inc. purchased a new position in Broadcom during the fourth quarter worth about $33,000. Family CFO Inc purchased a new position in Broadcom during the fourth quarter worth about $35,000. PayPay Securities Corp raised its holdings in shares of Broadcom by 88.9% in the 4th quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer’s stock worth $41,000 after purchasing an additional 56 shares during the period. Finally, Camelot Portfolios LLC purchased a new position in shares of Broadcom in the 4th quarter worth about $45,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AVGO shares. Erste Group Bank downgraded Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. TD Cowen restated a “buy” rating and issued a $500.00 price objective (up from $405.00) on shares of Broadcom in a report on Friday, May 15th. Citigroup restated a “buy” rating and issued a $500.00 price objective (up from $475.00) on shares of Broadcom in a report on Tuesday, May 12th. Mizuho restated an “outperform” rating and issued a $480.00 price objective on shares of Broadcom in a report on Thursday, April 16th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $500.00 price objective on shares of Broadcom in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and an average target price of $455.07.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled new broadband and Wi‑Fi 8 connectivity innovations with an embedded NPU, reinforcing its AI-at-the-edge growth story and expanding its product pipeline. Article link
• Positive Sentiment: Morgan Stanley raised its price target on Broadcom to $485 and kept an overweight rating, signaling continued analyst confidence ahead of earnings.
• Positive Sentiment: Broadcom is attracting bullish investor attention as traders bet on strong AI-chip demand and a potential breakout after earnings, with several articles calling it a top stock to watch. Article link
• Positive Sentiment: Broadcom is being highlighted by market commentators and bullish research as an AI leader and a long-term growth stock, which is helping sentiment into the earnings print.
• Neutral Sentiment: Some coverage notes that expectations are very high, with the stock trading at a premium valuation, so the upcoming earnings report will need to be strong to justify the move. Article link
• Neutral Sentiment: Traders are expecting a large post-earnings swing, which reflects uncertainty as much as optimism.
• Negative Sentiment: Bearish commentary from one market watcher suggests some investors are hedging ahead of the report, reflecting concern that the stock’s elevated valuation leaves little room for disappointment. Article link

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $459.97 on Tuesday. Broadcom Inc. has a fifty-two week low of $241.11 and a fifty-two week high of $466.05. The business has a 50 day moving average price of $386.31 and a two-hundred day moving average price of $359.32. 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 $2.18 trillion, a PE ratio of 89.84, a price-to-earnings-growth ratio of 0.92 and a beta of 1.41.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same quarter last year, the firm earned $1.60 EPS. Broadcom’s quarterly revenue was up 29.5% on a year-over-year basis. Sell-side analysts expect that Broadcom Inc. will post 9.91 earnings per share for the current fiscal year.

Insider Activity

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the completion of the sale, the insider owned 57,932 shares in the company, valued at $21,464,964.64. This trade represents a 12.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Justine Page sold 2,018 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total value of $712,354.00. Following the sale, the director owned 18,164 shares of the company’s stock, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 324,282 shares of company stock worth $106,425,249 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

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.