Todd Asset Management LLC Sells 46,461 Shares of Broadcom Inc. $AVGO

Todd Asset Management LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 18.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 199,345 shares of the semiconductor manufacturer’s stock after selling 46,461 shares during the period. Broadcom makes up 1.3% of Todd Asset Management LLC’s holdings, making the stock its 13th biggest holding. Todd Asset Management LLC’s holdings in Broadcom were worth $65,766,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State of New Jersey Common Pension Fund D lifted its position in Broadcom by 3.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 1,558,145 shares of the semiconductor manufacturer’s stock worth $514,048,000 after purchasing an additional 55,310 shares during the period. Avanda Investment Management Pte. Ltd. acquired a new position in shares of Broadcom in the 3rd quarter valued at approximately $957,000. Calton & Associates Inc. lifted its holdings in shares of Broadcom by 48.8% during the 3rd quarter. Calton & Associates Inc. now owns 4,501 shares of the semiconductor manufacturer’s stock worth $1,485,000 after acquiring an additional 1,476 shares during the period. Hardy Reed LLC lifted its holdings in shares of Broadcom by 30.2% during the 3rd quarter. Hardy Reed LLC now owns 13,249 shares of the semiconductor manufacturer’s stock worth $4,371,000 after acquiring an additional 3,071 shares during the period. Finally, Golden Road Advisors LLC boosted its position in shares of Broadcom by 9.9% during the 3rd quarter. Golden Road Advisors LLC now owns 2,524 shares of the semiconductor manufacturer’s stock worth $833,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Ratings Changes

AVGO has been the subject of several research analyst reports. DA Davidson upgraded shares of Broadcom to a “hold” rating in a research report on Friday, February 13th. Truist Financial lifted their price target on Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 19th. KeyCorp restated an “overweight” rating and set a $500.00 price objective (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $430.00 price objective (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, Zacks Research raised Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom has a consensus rating of “Buy” and an average target price of $433.13.

Broadcom Stock Up 2.3%

NASDAQ:AVGO opened at $332.54 on Wednesday. Broadcom Inc. has a one year low of $138.10 and a one 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 cap of $1.58 trillion, a PE ratio of 69.86, a P/E/G ratio of 1.05 and a beta of 1.21. The firm’s 50 day simple moving average is $340.88 and its 200 day simple moving average is $341.32.

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

Broadcom Increases Dividend

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

Insider Transactions at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the completion of the sale, the insider owned 210,573 shares of the company’s stock, valued at approximately $73,094,099.76. This represents a 12.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the transaction, the chief financial officer owned 277,237 shares of the company’s stock, valued at approximately $96,428,573.34. The trade was a 9.76% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 779,101 shares of company stock worth $283,804,325. 2.00% of the stock is currently owned by insiders.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street note sees upside — some brokers argue the recent selloff creates a buying opportunity and project roughly ~29% upside as AI/data‑center tailwinds reassert. Read More.
• Positive Sentiment: Product catalyst: Broadcom launched Wi‑Fi 8 positioned for “AI‑ready” enterprise upgrades — a favorable development for recurring enterprise networking revenue exposure. Read More.
• Positive Sentiment: Analyst consensus is bullish — surveys show a “Buy” consensus on AVGO, supporting investor confidence. Read More.
• Neutral Sentiment: Market breadth lift — Broadcom is benefiting from a broader Nasdaq advance and rotation into AI/large‑cap tech names today, which can amplify price moves independent of company‑specific news. Read More.
• Neutral Sentiment: Valuation review pieces note that recent pullback and AI momentum make AVGO worth reassessing — these analyses outline upside if growth sustains but stop short of new convictions. Read More.
• Neutral Sentiment: Dividend/ETF coverage mentions Broadcom as a tech income play in some dividend ETF discussions — supportive for longer‑term holders but not an immediate price driver. Read More.
• Neutral Sentiment: Short‑interest reports in the feed show anomalous zero/NaN values for February — data looks unreliable and shouldn’t be interpreted as a material shift in positioning. (Data entries 2/16–2/17)
• Negative Sentiment: Valuation concerns remain — some coverage explicitly acknowledges Broadcom’s AI relevance but warns the stock trades at a premium that could limit near‑term upside. Read More.
• Negative Sentiment: Peer comparison headwind — analyst pieces comparing NVDA vs AVGO favor NVIDIA on valuation and data‑center dominance, which could divert incremental AI multiple expansion away from Broadcom. Read More.

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.