Broadcom Inc. $AVGO Shares Purchased by a16z Perennial Management L.P.

a16z Perennial Management L.P. increased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 125.5% in the fourth quarter, HoldingsChannel reports. The firm owned 144,449 shares of the semiconductor manufacturer’s stock after acquiring an additional 80,401 shares during the quarter. Broadcom accounts for 3.8% of a16z Perennial Management L.P.’s portfolio, making the stock its 6th biggest position. a16z Perennial Management L.P.’s holdings in Broadcom were worth $49,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brentview Investment Management LLC raised its position in Broadcom by 2.1% during the fourth quarter. Brentview Investment Management LLC now owns 18,926 shares of the semiconductor manufacturer’s stock valued at $6,550,000 after acquiring an additional 388 shares in the last quarter. Suncoast Equity Management raised its position in Broadcom by 83.2% during the fourth quarter. Suncoast Equity Management now owns 88,630 shares of the semiconductor manufacturer’s stock valued at $30,675,000 after acquiring an additional 40,240 shares in the last quarter. New Mexico Educational Retirement Board raised its position in Broadcom by 1.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 216,560 shares of the semiconductor manufacturer’s stock valued at $74,951,000 after acquiring an additional 4,100 shares in the last quarter. Ellevest Inc. raised its position in Broadcom by 15.8% during the fourth quarter. Ellevest Inc. now owns 5,156 shares of the semiconductor manufacturer’s stock valued at $1,784,000 after acquiring an additional 702 shares in the last quarter. Finally, Opulen Financial Group LLC grew its holdings in Broadcom by 9.8% in the fourth quarter. Opulen Financial Group LLC now owns 1,258 shares of the semiconductor manufacturer’s stock valued at $435,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 50,488 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider S. Ram Velaga sold 38,841 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were 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 directly owned 96,147 shares of the company’s stock, valued at approximately $30,920,875.20. This represents a 28.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 in the last 90 days. 1.90% of the stock is owned by company insiders.

Broadcom Stock Down 12.6%

NASDAQ AVGO opened at $418.91 on Friday. The business has a fifty day moving average price of $394.88 and a 200 day moving average price of $361.73. Broadcom Inc. has a one year low of $241.11 and a one year high of $495.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The company has a market cap of $1.98 trillion, a P/E ratio of 69.82, a P/E/G ratio of 0.99 and a beta of 1.41.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 42.88% and a net margin of 38.85%.The firm had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same period in the prior year, the company earned $1.58 EPS. The firm’s revenue was up 47.9% compared to the same quarter last year. Research analysts anticipate that Broadcom Inc. will post 9.89 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 22nd. Broadcom’s dividend payout ratio is currently 50.78%.

Wall Street Analyst Weigh In

AVGO has been the topic of several research analyst reports. Evercore reissued an “outperform” rating and issued a $582.00 price objective on shares of Broadcom in a report on Tuesday, May 19th. Susquehanna reissued a “positive” rating and issued a $490.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. UBS Group set a $485.00 price objective on Broadcom and gave the company a “buy” rating in a report on Thursday. Finally, Bank of America raised their price objective on Broadcom from $450.00 to $530.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $490.13.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom still delivered record second-quarter revenue of $22.19 billion, topped EPS estimates, and generated strong free cash flow, showing underlying business strength. Broadcom Inc. Announces Second Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend
• Positive Sentiment: AI semiconductor revenue surged 143% year over year to $10.8 billion, and management signaled continued demand from hyperscale customers. Broadcom’s sales and AI chip forecast comes in below expectations, shares tumble
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, Bank of America, Mizuho, and Benchmark, indicating Street optimism remains intact despite the selloff. Benzinga analyst target updates
• Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, reinforcing its shareholder-return profile but not enough to offset the earnings-driven volatility.
• Negative Sentiment: The stock sold off because third-quarter AI revenue guidance came in below elevated expectations, raising concerns that AI growth may be normalizing faster than investors hoped. Broadcom: AI guidance gap reveals the cost of sky-high expectations
• Negative Sentiment: Broadcom’s disappointment sparked a broader semiconductor retreat, pressuring chip stocks and contributing to weakness in the Nasdaq. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses

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.