Broadcom Inc. $AVGO Stock Position Lifted by First National Advisers LLC

First National Advisers LLC lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 351.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,194 shares of the semiconductor manufacturer’s stock after purchasing an additional 36,746 shares during the period. Broadcom accounts for about 2.1% of First National Advisers LLC’s investment portfolio, making the stock its 10th biggest holding. First National Advisers LLC’s holdings in Broadcom were worth $15,570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AVGO. Norges Bank bought a new stake in Broadcom during the 2nd quarter valued at approximately $18,579,549,000. Vanguard Group Inc. lifted its stake in shares of Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock valued at $133,261,046,000 after purchasing an additional 6,222,802 shares during the period. Edgewood Management LLC purchased a new position in shares of Broadcom in the 2nd quarter valued at approximately $1,571,438,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Broadcom by 115.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer’s stock valued at $1,658,680,000 after purchasing an additional 3,224,739 shares during the period. Finally, Invesco Ltd. grew its stake in Broadcom by 8.4% in the second quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock worth $10,598,641,000 after purchasing an additional 2,978,768 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity

In related news, Director Henry Samueli sold 320,316 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $400.53, for a total value of $128,296,167.48. Following the transaction, the director directly owned 37,326,540 shares of the company’s stock, valued at approximately $14,950,399,066.20. The trade was a 0.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hock E. Tan sold 130,000 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total transaction of $42,382,600.00. Following the transaction, the chief executive officer owned 595,638 shares of the company’s stock, valued at approximately $194,189,900.76. This represents a 17.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 779,901 shares of company stock worth $284,069,237 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of research reports. Royal Bank Of Canada initiated coverage on Broadcom in a report on Wednesday, January 14th. They issued a “sector perform” rating and a $370.00 price objective for the company. Benchmark increased their price target on shares of Broadcom from $385.00 to $485.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 price objective on shares of Broadcom in a research note on Monday, January 5th. Rosenblatt Securities upped their price objective on shares of Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Truist Financial lifted their target price on shares of Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $438.61.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Cathie Wood’s ARK funds materially increased AVGO exposure (added ~143k shares), a high-profile vote of confidence that can attract momentum and retail flows. Cathie Wood Is Doubling Down on Broadcom Stock. Should You?
• Positive Sentiment: Analysts remain largely bullish and consensus ratings sit at “Buy,” supporting institutional conviction and serving as a potential floor for the shares. Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Rating of “Buy” from Analysts
• Positive Sentiment: Industry tailwinds from TSMC and Meta point to sustained AI-accelerator and custom-chip demand — a direct revenue driver for Broadcom’s ASIC/accelerator business. Upcoming Meta capex guidance is a key potential catalyst. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
• Positive Sentiment: Macro/sector pieces highlight Broadcom as a “picks-and-shovels” AI beneficiary alongside peers (Oracle, Micron), reinforcing secular demand arguments. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
• Neutral Sentiment: Company narrative and strategy pieces (connectivity expansion) reiterate Broadcom’s product breadth — supportive long-term, but not an immediate earnings surprise. Broadcom Inc (NASDAQ:AVGO) Nasdaq Today Signals Connectivity Expansion
• Neutral Sentiment: Analyses celebrating past shareholder returns ($51B delivered) improve sentiment but are backward-looking and less likely to move the stock near term. How Broadcom Stock Delivered $51 Billion In Shareholder Value
• Negative Sentiment: Some institutional selling: Cypress Funds trimmed its Broadcom stake, signaling selective profit-taking among hedge funds. Cypress Funds Llc Cuts Broadcom Inc Stake by 29K Shares
• Negative Sentiment: Share-price underperformance and recent intra-day dips relative to peers are prompting short-term technical selling and volatility; this is weighing on the stock despite positive fundamentals. Broadcom Inc. stock underperforms Wednesday when compared to competitors

Broadcom Stock Performance

Shares of AVGO opened at $325.49 on Friday. The firm has a market capitalization of $1.54 trillion, a P/E ratio of 68.38, a PEG ratio of 1.09 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The business has a fifty day moving average of $357.64 and a 200 day moving average of $334.99.

Broadcom (NASDAQ:AVGO) last posted 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 company had revenue of $18.02 billion for 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%.Broadcom’s revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 earnings per share. As a group, sell-side analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is 54.62%.

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.