Munro Partners Sells 222,870 Shares of Broadcom Inc. $AVGO

Munro Partners decreased its position in Broadcom Inc. (NASDAQ:AVGO) by 63.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,676 shares of the semiconductor manufacturer’s stock after selling 222,870 shares during the quarter. Broadcom accounts for approximately 1.1% of Munro Partners’ holdings, making the stock its 28th largest holding. Munro Partners’ holdings in Broadcom were worth $43,843,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ROSS JOHNSON & Associates LLC increased its position in shares of Broadcom by 1,320.0% during the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. SWAN Capital LLC increased its position in shares of Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Miller Global Investments LLC acquired a new position in shares of Broadcom during the 4th quarter worth approximately $31,000. Nvest Wealth Strategies Inc. acquired a new stake in Broadcom in the 4th quarter valued at about $33,000. Finally, Family CFO Inc acquired a new stake in Broadcom in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AVGO shares. Erste Group Bank upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Friday, June 5th. Bank of America raised their target price on shares of Broadcom from $450.00 to $530.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Benchmark upped their price objective on shares of Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $515.00 price objective (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. Finally, Zacks Research downgraded shares of Broadcom from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus price target of $490.13.

Insider Activity

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $358.31, for a total transaction of $358,310.00. Following the completion of the transaction, the director owned 32,352 shares of the company’s stock, valued at approximately $11,592,045.12. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total value of $3,452,300.00. Following the transaction, the insider directly owned 787,184 shares of the company’s stock, valued at approximately $271,759,532.32. The trade was a 1.25% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 51,233 shares of company stock valued at $18,125,134. Corporate insiders own 1.90% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Director Harry L. You bought 1,000 Broadcom shares in a disclosed SEC filing, a sign of confidence that can reassure investors after the recent selloff. SEC Form 4 filing
• Positive Sentiment: Broadcom continues to be viewed as a major AI infrastructure beneficiary, with recent articles highlighting its semiconductor, networking, and custom compute exposure as AI spending remains strong. Investopedia article
• Positive Sentiment: Wall Street Zen reportedly upgraded Broadcom to Strong-Buy, adding to bullish analyst sentiment around the stock. American Banking News article
• Positive Sentiment: Broadcom’s spring and Java security initiative, along with new AI-enabled vulnerability detection tools, may support its infrastructure software franchise and deepen enterprise relationships. Yahoo Finance article
• Neutral Sentiment: Some analysts say competitors like Credo and Lumentum may have stronger near-term upside in data-center connectivity, which doesn’t weaken Broadcom’s thesis but could limit relative enthusiasm. Zacks article
• Negative Sentiment: Market commentary says Broadcom’s post-earnings decline was driven by cautious AI guidance and valuation concerns, suggesting investors are reassessing how much upside is already priced in. Yahoo Finance article

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $376.71 on Wednesday. The stock has a market capitalization of $1.79 trillion, a PE ratio of 62.79, a P/E/G ratio of 0.69 and a beta of 1.41. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The business has a fifty day moving average price of $407.09 and a two-hundred day moving average price of $363.14. Broadcom Inc. has a fifty-two week low of $244.17 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.04. The firm had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 EPS. As a group, equities analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s payout ratio is 43.33%.

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.