Broadcom Inc. $AVGO is Amalgamated Bank’s 6th Largest Position

Amalgamated Bank lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,020,114 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,400 shares during the quarter. Broadcom comprises 2.4% of Amalgamated Bank’s investment portfolio, making the stock its 6th biggest holding. Amalgamated Bank’s holdings in Broadcom were worth $336,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Broadcom by 1.3% in the second 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. State Street Corp grew its position in Broadcom by 0.5% during the second quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock worth $51,071,601,000 after buying an additional 873,963 shares during the period. Geode Capital Management LLC increased its holdings in Broadcom by 2.1% in the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock valued at $29,827,649,000 after buying an additional 2,226,585 shares in the last quarter. Norges Bank purchased a new position in Broadcom in the second quarter valued at about $18,579,549,000. Finally, Invesco Ltd. lifted its position in shares of Broadcom by 8.4% during the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock valued at $10,598,641,000 after acquiring an additional 2,978,768 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Large buying from high-profile investors supports demand: Cathie Wood’s ARK funds added over 143,000 AVGO shares, a vote of confidence that can buoy sentiment and flows. Cathie Wood Is Doubling Down on Broadcom Stock. Should You?
• Positive Sentiment: Analysts remain constructive — Broadcom has a consensus “Buy” rating from several street analysts, which helps support medium-term expectations. Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Rating of “Buy” from Analysts
• Positive Sentiment: Industry tailwinds from TSMC and Meta AI spending bolster Broadcom’s long-term growth case as a “picks-and-shovels” supplier to AI infrastructure. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
• Neutral Sentiment: Coverage pieces highlighting Broadcom’s past shareholder returns and strategic moves (e.g., buyback and deal-driven value creation) provide context but are less likely to move the stock intraday. How Broadcom Stock Delivered $51 Billion In Shareholder Value
• Neutral Sentiment: Company commentary and market stories about connectivity expansion and forecasts suggest steady execution but don’t change near-term catalyst timing. Broadcom Inc (NASDAQ:AVGO) Nasdaq Today Signals Connectivity Expansion
• Neutral Sentiment: Macro/sector coverage (AI “picks-and-shovels” theme) is supportive but broad; timing of capex by large customers will ultimately determine revenue cadence. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
• Negative Sentiment: Operational/legal risk flagged by a lawsuit over Broadcom’s control of critical software: Fidelity settled a case alleging Broadcom threatened to cut access to software central to Fidelity’s systems — the episode highlights customer concentration and counterparty risk. Fidelity settles lawsuit over access to ‘business-critical’ Broadcom software
• Negative Sentiment: Some institutional selling and position trimming (e.g., Cypress Funds cutting its stake) increases supply pressure and can amplify short-term weakness. Cypress Funds Llc Cuts Broadcom Inc. Stake by 29K Shares
• Negative Sentiment: Technical/flow headwinds: the stock is below key moving averages and underperformed peers in recent sessions, which can pressure momentum and trigger additional selling. Broadcom Inc. stock underperforms Wednesday when compared to competitors

Wall Street Analyst Weigh In

A number of analysts have commented on the company. TD Cowen reiterated a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. KeyCorp reaffirmed an “overweight” rating and set a $500.00 price target (up previously from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $475.00 price objective (up from $400.00) on shares of Broadcom in a research report on Friday, December 12th. Citigroup restated a “buy” rating on shares of Broadcom in a report on Thursday, January 15th. Finally, Piper Sandler restated an “overweight” rating and set a $430.00 target price (up previously from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $438.61.

Insider Transactions at Broadcom

In related news, Director Henry Samueli sold 320,316 shares of Broadcom stock in a transaction 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 owned 37,326,540 shares in the company, valued at approximately $14,950,399,066.20. This trade represents a 0.85% 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, CFO Kirsten M. Spears sold 30,000 shares of Broadcom stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total value of $10,434,600.00. Following the completion of the transaction, the chief financial officer directly owned 277,237 shares in the company, valued at $96,428,573.34. This represents a 9.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 779,901 shares of company stock worth $284,069,237 over the last ninety days. 2.00% of the stock is owned by insiders.

Broadcom Trading Down 1.6%

Shares of AVGO opened at $320.12 on Friday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. The company has a market capitalization of $1.52 trillion, a PE ratio of 67.25, a price-to-earnings-growth ratio of 1.08 and a beta of 1.21. The stock has a fifty day moving average of $357.20 and a two-hundred day moving average of $335.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, beating the consensus estimate of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same period in the prior year, the firm posted $1.42 earnings per share. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. As a group, analysts forecast 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. Investors of record on Monday, December 22nd were given a $0.65 dividend. This is an increase from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio is 54.62%.

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.