ARS Investment Partners LLC Trims Stake in Broadcom Inc. $AVGO

ARS Investment Partners LLC reduced its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 127,371 shares of the semiconductor manufacturer’s stock after selling 2,062 shares during the quarter. Broadcom makes up about 2.6% of ARS Investment Partners LLC’s holdings, making the stock its 11th largest holding. ARS Investment Partners LLC’s holdings in Broadcom were worth $44,083,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Stoneridge Investment Partners LLC grew its holdings in Broadcom by 9.0% in the fourth quarter. Stoneridge Investment Partners LLC now owns 15,593 shares of the semiconductor manufacturer’s stock valued at $5,397,000 after purchasing an additional 1,283 shares during the period. Aspire Growth Partners LLC grew its holdings in Broadcom by 1.6% in the fourth quarter. Aspire Growth Partners LLC now owns 2,340 shares of the semiconductor manufacturer’s stock valued at $810,000 after purchasing an additional 37 shares during the period. Guardian Capital LLC acquired a new stake in Broadcom in the fourth quarter valued at approximately $3,564,000. Chancellor Financial Group WB LP grew its holdings in Broadcom by 2.2% in the fourth quarter. Chancellor Financial Group WB LP now owns 6,104 shares of the semiconductor manufacturer’s stock valued at $2,113,000 after purchasing an additional 131 shares during the period. Finally, May Hill Capital LLC grew its holdings in Broadcom by 111.8% in the fourth quarter. May Hill Capital LLC now owns 15,214 shares of the semiconductor manufacturer’s stock valued at $5,266,000 after purchasing an additional 8,030 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Price Performance

NASDAQ:AVGO opened at $414.57 on Friday. Broadcom Inc. has a 52 week low of $226.18 and a 52 week high of $442.36. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.96 trillion, a P/E ratio of 80.97, a P/E/G ratio of 0.86 and a beta of 1.43. The stock’s fifty day moving average is $371.85 and its two-hundred day moving average is $355.68.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS 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 company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. Equities analysts expect that Broadcom Inc. will post 9.97 EPS for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom’s payout ratio is currently 50.78%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AVGO shares. Truist Financial raised their price objective on Broadcom from $510.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Mizuho reaffirmed an “outperform” rating and issued a $480.00 price target on shares of Broadcom in a research note on Thursday, April 16th. Morgan Stanley lifted their price target on Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. TD Cowen reaffirmed a “buy” rating and issued a $500.00 price target (up from $405.00) on shares of Broadcom in a research note on Friday, May 15th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $500.00 price target on shares of Broadcom in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $448.10.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 2,018 shares of the business’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total value of $712,354.00. Following the sale, the director owned 18,164 shares in the company, valued at approximately $6,411,892. The trade was a 10.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 1,000 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the sale, the director owned 32,352 shares in the company, valued at $11,592,045.12. This represents a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is owned by corporate insiders.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom renewed and expanded ties with the London Stock Exchange Group, adding another sign of demand for its VMware and cloud infrastructure offerings. The company also reiterated momentum in its custom AI chip business, with an internal target of $100 billion in AI-chip revenue by 2027. Broadcom Deepens LSEG Ties While Targeting US$100b In Custom AI Chips
• Positive Sentiment: Applied Materials named Broadcom as an EPIC Innovation Partner, highlighting collaboration on advanced packaging technologies for next-generation AI chips and systems. That supports the view that Broadcom remains central to the AI hardware buildout. Applied Materials Announces Broadcom as EPIC Innovation Partner
• Positive Sentiment: Analysts reportedly raised price targets on Broadcom, reinforcing optimism around AI-related growth and helping offset the recent tech-sector pullback. Analysts raise Broadcom stock price target
• Positive Sentiment: Multiple recent articles argued Broadcom remains a strong growth and long-term investment idea, citing its solid fundamentals and durable AI exposure. Is Broadcom (AVGO) One of the Best Long Term US Stocks to Buy Right Now?
• Neutral Sentiment: Some commentary suggested Broadcom is becoming “overcrowded,” implying investor enthusiasm may already be very high and the stock could be vulnerable to volatility after its recent gains. Broadcom Is Far Too Overcrowded
• Neutral Sentiment: Other pieces discussed Broadcom’s valuation and the broader tech selloff, which may be contributing to near-term pressure despite the company’s strong AI narrative. What’s going on with Broadcom stock Thursday?

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.