Asset Allocation & Management Company LLC Sells 3,370 Shares of Broadcom Inc. $AVGO

Asset Allocation & Management Company LLC lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 41.6% during the 4th quarter, HoldingsChannel reports. The fund owned 4,728 shares of the semiconductor manufacturer’s stock after selling 3,370 shares during the period. Broadcom comprises 0.7% of Asset Allocation & Management Company LLC’s portfolio, making the stock its 22nd biggest holding. Asset Allocation & Management Company LLC’s holdings in Broadcom were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new position in shares of Broadcom in the second quarter valued at approximately $28,000. JCIC Asset Management Inc. bought a new stake in Broadcom during the 3rd quarter worth approximately $31,000. Miller Global Investments LLC purchased a new stake in Broadcom in the 4th quarter worth approximately $31,000. Manning & Napier Advisors LLC bought a new position in Broadcom in the 3rd quarter valued at $34,000. Finally, Evolution Wealth Management Inc. bought a new position in Broadcom in the 2nd quarter valued at $36,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Down 2.8%

Shares of NASDAQ:AVGO opened at $300.68 on Friday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $414.61. The firm has a fifty day moving average of $327.00 and a 200 day moving average of $344.92. The firm has a market capitalization of $1.42 trillion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter last year, the business posted $1.60 earnings per share. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. As a group, research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 23rd. Broadcom’s dividend payout ratio (DPR) is currently 50.78%.

Insider Activity at Broadcom

In related news, insider S. Ram Velaga sold 38,841 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the completion of the sale, the insider owned 96,147 shares in the company, valued at $30,920,875.20. The trade was a 28.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the sale, the insider directly owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 403,049 shares of company stock worth $133,459,315 in the last quarter. 1.90% of the stock is owned by company insiders.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: OpenAI partnership: Broadcom struck a multiyear deal to co-develop custom AI accelerators, positioning AVGO as a strategic supplier for OpenAI and signaling material addressable revenue from bespoke AI silicon and related infrastructure. OpenAI Just Became Broadcom’s Newest Chip Customer
• Positive Sentiment: Analyst upgrades: Erste Group sharply raised estimates (FY2026 to ~$9.80 EPS and FY2027 to ~$16.55 EPS), implying much stronger earnings power than consensus and supporting a higher valuation if AI wins scale as expected.
• Positive Sentiment: Thesis reinforcement from market commentary: Multiple bullish write-ups highlight Broadcom’s expanding role across custom AI silicon, networking and software for hyperscalers — a structural growth story that investors view as durable despite recent volatility. Broadcom (AVGO) Powers the AI Boom — Bullish despite the Pullback
• Neutral Sentiment: Price-target / multi‑year outlook pieces: Analysts and retail sites are publishing 3‑year AVGO price predictions and scenario analyses reflecting both upside from AI exposure and risk from lofty multiples. Broadcom Stock Price Prediction: Where Will AVGO Be in 3 Years?
• Neutral Sentiment: Buy-the-dip narratives: Several outlets argue the ~24% pullback is a buying opportunity tied to the OpenAI deal and secular AI demand, but these are thesis-driven and hinge on execution. Is the 24% Dip a Golden Buying Opportunity?
• Neutral Sentiment: Macro/sector context: Coverage noting that tech earnings have grown but some ETFs (and segments) lag share-price recovery, which can keep trading volatile for large-cap semiconductors like AVGO. As Tech Earnings Grow, This ETF Still Hasn’t Caught Up (AVGO)
• Negative Sentiment: Insider selling: Reports of insiders selling shares have raised near‑term sentiment concerns and may amplify downside during a broader pullback, even if strategic fundamentals remain intact. Broadcom Insiders Are Selling Stock. Is AVGO Finally at the End of the Road?

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Broadcom from $510.00 to $545.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. UBS Group set a $475.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Monday, December 15th. TD Cowen restated a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. Robert W. Baird set a $420.00 price target on Broadcom in a report on Friday, December 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $475.00 price target (up from $400.00) on shares of Broadcom in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.

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.