Arnhold LLC Sells 17,804 Shares of Broadcom Inc. $AVGO

Arnhold LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 14.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 104,690 shares of the semiconductor manufacturer’s stock after selling 17,804 shares during the quarter. Broadcom accounts for approximately 2.7% of Arnhold LLC’s portfolio, making the stock its 7th biggest position. Arnhold LLC’s holdings in Broadcom were worth $36,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AVGO. Themes Management Co LLC purchased a new stake in shares of Broadcom during the 4th quarter valued at $1,650,000. CBIZ Investment Advisory Services LLC increased its position in shares of Broadcom by 16.1% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 2,557 shares of the semiconductor manufacturer’s stock valued at $885,000 after purchasing an additional 355 shares during the last quarter. Allied Investment Advisors LLC increased its position in shares of Broadcom by 1.9% during the 4th quarter. Allied Investment Advisors LLC now owns 2,938 shares of the semiconductor manufacturer’s stock valued at $1,017,000 after purchasing an additional 55 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Broadcom by 21.2% during the 4th quarter. Harbour Investments Inc. now owns 34,392 shares of the semiconductor manufacturer’s stock valued at $11,903,000 after purchasing an additional 6,016 shares during the last quarter. Finally, Global Assets Advisory LLC increased its position in shares of Broadcom by 7.7% during the 4th quarter. Global Assets Advisory LLC now owns 3,283 shares of the semiconductor manufacturer’s stock valued at $1,136,000 after purchasing an additional 235 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom continues to be highlighted as a key behind-the-scenes AI winner, with articles arguing its revenue and earnings could more than double between FY25 and FY27 as demand for AI infrastructure remains strong. Best AI Stocks to Buy in June and Hold Forever: AVGO
• Positive Sentiment: Broadcom was also named one of Claude AI’s top stock picks for 2026, reinforcing the market’s view that the company is a leading AI infrastructure play. Broadcom (AVGO) is Among Claude AI’s Top Stock Picks for 2026
• Positive Sentiment: Investor sentiment remains constructive after Broadcom unveiled new edge-AI networking silicon and a Samsung partnership for fixed wireless access, which could expand its footprint in next-gen connectivity. Broadcom’s BCM68850 Boosts AVGO’s Edge AI Push: More Upside Ahead?
• Positive Sentiment: Broadcom was featured in commentary from Jim Cramer and other market-watch articles emphasizing its custom chips for major hyperscalers and its strong long-term positioning in AI infrastructure. Jim Cramer Explains “Why We’ve Stuck With Broadcom”
• Neutral Sentiment: Several pieces noted that AVGO is one of the market’s most watched semiconductor names, with traders focusing on whether the recent rally can continue near resistance and ahead of upcoming earnings. Broadcom Inc. (AVGO) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: There was also some caution around the broader chip sector, with articles warning that the AI/silicon rally may be getting extended and could be vulnerable if growth expectations cool. What If Chip Stocks Aren’t in a Supercycle After All?
• Negative Sentiment: Discovery Capital Management disclosed a sale of 83,200 Broadcom shares, a modest headwind that could signal some profit-taking by a large holder. Discovery Capital Management pares Broadcom stake, sells 83,200 shares

Analysts Set New Price Targets

Several brokerages have recently issued reports on AVGO. DA Davidson raised Broadcom to a “hold” rating in a research report on Friday, February 13th. Citigroup reaffirmed a “buy” rating and set a $500.00 target price (up from $475.00) on shares of Broadcom in a research report on Tuesday, May 12th. TD Cowen reaffirmed a “buy” rating and set a $500.00 target price (up from $405.00) on shares of Broadcom in a research report on Friday, May 15th. UBS Group reaffirmed a “buy” rating and set a $490.00 target price (up from $475.00) on shares of Broadcom in a research report on Monday, May 18th. Finally, Morgan Stanley raised their target price on Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $454.55.

Insider Activity

In other news, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director owned 18,164 shares in the company, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 50,488 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $16,236,940.80. Following the sale, the insider owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 324,282 shares of company stock worth $106,425,249. Company insiders own 1.90% of the company’s stock.

Broadcom Stock Up 4.7%

AVGO stock opened at $446.77 on Friday. 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 firm has a market capitalization of $2.12 trillion, a PE ratio of 87.26, a PEG ratio of 0.92 and a beta of 1.43. Broadcom Inc. has a twelve month low of $234.90 and a twelve month high of $448.90. The stock has a 50-day simple moving average of $383.52 and a two-hundred day simple moving average of $358.56.

Broadcom (NASDAQ:AVGO) last posted its 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. The business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 EPS. On average, equities analysts predict that Broadcom Inc. will post 9.91 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom’s dividend payout ratio (DPR) is 50.78%.

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.