Broadcom Inc. $AVGO Shares Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp increased its position in Broadcom Inc. (NASDAQ:AVGO) by 114.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 174,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 92,700 shares during the period. Alberta Investment Management Corp’s holdings in Broadcom were worth $60,221,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Faithward Advisors LLC grew its position in shares of Broadcom by 4.2% during the fourth quarter. Faithward Advisors LLC now owns 27,766 shares of the semiconductor manufacturer’s stock worth $9,610,000 after acquiring an additional 1,131 shares during the last quarter. LFG Wealth Partners LLC purchased a new stake in Broadcom in the 4th quarter valued at $4,225,000. Oarsman Capital Inc. raised its position in Broadcom by 1.2% in the 4th quarter. Oarsman Capital Inc. now owns 22,395 shares of the semiconductor manufacturer’s stock valued at $7,751,000 after purchasing an additional 269 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Broadcom by 0.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,198,802 shares of the semiconductor manufacturer’s stock worth $414,905,000 after purchasing an additional 11,142 shares during the period. Finally, Sculptor Capital LP grew its position in Broadcom by 87.0% during the 4th quarter. Sculptor Capital LP now owns 93,500 shares of the semiconductor manufacturer’s stock worth $32,360,000 after purchasing an additional 43,500 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total value of $3,452,300.00. Following the sale, the insider owned 787,184 shares of the company’s stock, valued at $271,759,532.32. This represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 1,000 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,233 shares of company stock valued at $18,125,134 in the last quarter. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AVGO has been the subject of a number of recent research reports. Erste Group Bank raised Broadcom from a “hold” rating to a “buy” rating in a research report on Friday, June 5th. Royal Bank Of Canada upped their price target on Broadcom from $360.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 4th. Bank of America increased their price target on Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. The Goldman Sachs Group restated a “buy” rating and set a $525.00 price objective on shares of Broadcom in a research report on Thursday, June 4th. Finally, Citigroup restated a “buy” rating on shares of Broadcom in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $490.13.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Director Harry L. You bought 1,000 Broadcom shares in a disclosed SEC filing, a sign of confidence that can reassure investors after the recent selloff. SEC Form 4 filing
• Positive Sentiment: Broadcom continues to be viewed as a major AI infrastructure beneficiary, with recent articles highlighting its semiconductor, networking, and custom compute exposure as AI spending remains strong. Investopedia article
• Positive Sentiment: Wall Street Zen reportedly upgraded Broadcom to Strong-Buy, adding to bullish analyst sentiment around the stock. American Banking News article
• Positive Sentiment: Broadcom’s spring and Java security initiative, along with new AI-enabled vulnerability detection tools, may support its infrastructure software franchise and deepen enterprise relationships. Yahoo Finance article
• Neutral Sentiment: Some analysts say competitors like Credo and Lumentum may have stronger near-term upside in data-center connectivity, which doesn’t weaken Broadcom’s thesis but could limit relative enthusiasm. Zacks article
• Negative Sentiment: Market commentary says Broadcom’s post-earnings decline was driven by cautious AI guidance and valuation concerns, suggesting investors are reassessing how much upside is already priced in. Yahoo Finance article

Broadcom Stock Performance

Shares of AVGO opened at $376.71 on Wednesday. The company has a 50-day simple moving average of $407.09 and a 200-day simple moving average of $363.14. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.79 trillion, a PE ratio of 62.79, a P/E/G ratio of 0.69 and a beta of 1.41. Broadcom Inc. has a 52-week low of $244.17 and a 52-week high of $495.00.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm’s revenue was up 47.9% on a year-over-year basis. Equities research analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a $0.65 dividend. The ex-dividend date is Monday, June 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s payout ratio is currently 43.33%.

About Broadcom

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.