Broadcom Inc. $AVGO Shares Sold by Connective Portfolio Management LLC

Connective Portfolio Management LLC reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 30.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,795 shares of the semiconductor manufacturer’s stock after selling 2,500 shares during the quarter. Broadcom comprises approximately 3.4% of Connective Portfolio Management LLC’s holdings, making the stock its 10th biggest position. Connective Portfolio Management LLC’s holdings in Broadcom were worth $1,924,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Amarillo National Bank lifted its holdings in Broadcom by 10.5% during the 3rd quarter. Amarillo National Bank now owns 950 shares of the semiconductor manufacturer’s stock valued at $313,000 after purchasing an additional 90 shares during the last quarter. New Hampshire Trust increased its holdings in shares of Broadcom by 1.1% in the third quarter. New Hampshire Trust now owns 32,463 shares of the semiconductor manufacturer’s stock valued at $10,710,000 after purchasing an additional 368 shares during the last quarter. Meyer Handelman Co. raised its position in shares of Broadcom by 8.3% in the third quarter. Meyer Handelman Co. now owns 3,250 shares of the semiconductor manufacturer’s stock valued at $1,072,000 after purchasing an additional 250 shares during the period. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Broadcom by 104.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 635 shares of the semiconductor manufacturer’s stock worth $209,000 after buying an additional 325 shares during the last quarter. Finally, Hilltop Wealth Advisors LLC boosted its holdings in shares of Broadcom by 9.4% during the 3rd quarter. Hilltop Wealth Advisors LLC now owns 818 shares of the semiconductor manufacturer’s stock worth $270,000 after buying an additional 70 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Up 0.1%

Shares of NASDAQ:AVGO opened at $349.85 on Wednesday. The business’s 50 day simple moving average is $362.88 and its 200 day simple moving average is $326.38. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. The company has a market capitalization of $1.66 trillion, a P/E ratio of 73.50, a P/E/G ratio of 1.19 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The company’s revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 EPS. On average, research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is currently 54.62%.

Insider Transactions at Broadcom

In other news, CEO Hock E. Tan sold 130,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $326.02, for a total value of $42,382,600.00. Following the completion of the transaction, the chief executive officer directly owned 595,638 shares in the company, valued at approximately $194,189,900.76. The trade was a 17.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charlie B. Kawwas sold 1,928 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total transaction of $631,998.40. Following the sale, the insider owned 23,582 shares in the company, valued at $7,730,179.60. This represents a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 650,701 shares of company stock worth $239,190,157. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AVGO shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $475.00 price target (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Evercore ISI increased their target price on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Argus lifted their price target on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. KeyCorp restated an “overweight” rating and issued a $500.00 price target (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, Benchmark increased their price objective on Broadcom from $385.00 to $485.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $436.33.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Strong analyst conviction — multiple firms have reiterated Buy/Overweight ratings and raised price targets, supporting upside expectations and institutional demand. Broadcom Inc. (AVGO) up 51% YTD, Wall Street Still Sees 31% Upside
• Positive Sentiment: Sector tailwind from AI infrastructure — commentary on NVIDIA’s Groq deal highlights that as AI shifts from training to inference, networking and data‑center suppliers like Broadcom stand to benefit. The Lazy Way to Play NVIDIA’s $20B Groq Deal
• Positive Sentiment: Dividend increase and strong fundamentals — Broadcom recently raised its quarterly payout and continues to report outsized margins and revenue growth, which supports the long‑term income/quality case. MarketBeat: AVGO profile & dividend details
• Neutral Sentiment: Insider selling is heavy but partly explained — several late‑Dec Form 4s reflect RSU tax‑withholding or diversification through exchange funds, which reduces the outright negative signal for most sales. Broadcom’s Insider Selling: A Big Red Flag, or Business as Usual?
• Neutral Sentiment: Technical/market‑momentum questions — chart studies note the rally may be losing directional momentum, which can increase short‑term volatility despite the longer‑term bull case. Broadcom Stock: Is The Rally Losing Directional Momentum?
• Negative Sentiment: Large discretionary insider sales (CEO Hock Tan and other officers) — material reductions by executives draw investor scrutiny and can weigh on sentiment even when there are stated diversification/tax reasons. SEC Form 4: Hock Tan sale
• Negative Sentiment: Post‑earnings margin/guidance concerns — the Dec. earnings beat was followed by a sharp pullback as investors parsed flat non‑AI guidance and gross‑margin questions, which can cap near‑term upside. Post‑earnings selloff analysis

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.