Border to Coast Pensions Partnership Ltd Decreases Position in Broadcom Inc. $AVGO

Border to Coast Pensions Partnership Ltd lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 14.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 462,579 shares of the semiconductor manufacturer’s stock after selling 75,914 shares during the period. Broadcom comprises about 2.4% of Border to Coast Pensions Partnership Ltd’s holdings, making the stock its 8th biggest position. Border to Coast Pensions Partnership Ltd’s holdings in Broadcom were worth $143,611,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pictet Asset Management Holding SA increased its holdings in Broadcom by 20.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 7,571,252 shares of the semiconductor manufacturer’s stock worth $2,341,815,000 after purchasing an additional 1,263,794 shares in the last quarter. Yoder Wealth Management Inc. boosted its stake in shares of Broadcom by 4.9% during the first quarter. Yoder Wealth Management Inc. now owns 3,002 shares of the semiconductor manufacturer’s stock valued at $929,000 after purchasing an additional 139 shares in the last quarter. Traveka Wealth LLC grew its holdings in shares of Broadcom by 3.4% during the first quarter. Traveka Wealth LLC now owns 6,211 shares of the semiconductor manufacturer’s stock worth $1,922,000 after purchasing an additional 205 shares during the last quarter. Beaumont Asset Management L.L.C. grew its holdings in shares of Broadcom by 1.6% during the first quarter. Beaumont Asset Management L.L.C. now owns 9,296 shares of the semiconductor manufacturer’s stock worth $2,877,000 after purchasing an additional 146 shares during the last quarter. Finally, Welch Financial Planning LLC increased its stake in shares of Broadcom by 15.0% in the first quarter. Welch Financial Planning LLC now owns 895 shares of the semiconductor manufacturer’s stock valued at $277,000 after buying an additional 117 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Jefferies reiterated its Buy rating on Broadcom and kept a $550 price target, suggesting substantial upside from current levels. Analyst updates Broadcom (AVGO) stock price target
• Positive Sentiment: Erste Group raised its earnings estimates for Broadcom, including higher FY2026 and FY2027 EPS forecasts, reinforcing the view that earnings growth remains strong. Broadcom estimate update
• Positive Sentiment: Coverage around Broadcom’s partnership with OpenAI on the Jalapeño AI accelerator continues to support the company’s AI growth story and long-term demand outlook. What Broadcom (AVGO)’s Jalapeño AI Accelerator Partnership With OpenAI Means For Shareholders
• Neutral Sentiment: Several articles highlighted Broadcom’s recent weakness and “buy the dip” debate, indicating that investor sentiment is cautious but not turning bearish on fundamentals. Broadcom’s Stock Has Slumped Over 20% From Its Highs. These Experts Say They Would Buy the Dip
• Negative Sentiment: Reports of heavy insider selling over the past two weeks may weigh on sentiment, as investors often view large insider sales as a cautionary signal. Monster insider trading alert for Broadcom (AVGO) stock

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AVGO shares. Seaport Research Partners reiterated a “neutral” rating on shares of Broadcom in a report on Wednesday, April 8th. Truist Financial upped their price target on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Royal Bank Of Canada raised their price target on shares of Broadcom from $360.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, June 4th. Citigroup reiterated a “buy” rating on shares of Broadcom in a report on Thursday, June 4th. Finally, Dbs Bank upgraded Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $493.24.

Insider Transactions at Broadcom

In other news, insider S. Ram Velaga sold 17,260 shares of Broadcom stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $352.12, for a total transaction of $6,077,591.20. Following the completion of the transaction, the insider directly owned 65,932 shares in the company, valued at $23,215,975.84. This trade represents a 20.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry L. You acquired 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $373.57 per share, with a total value of $373,570.00. Following the completion of the acquisition, the director directly owned 38,466 shares in the company, valued at approximately $14,369,743.62. This represents a 2.67% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 59,385 shares of company stock valued at $21,301,057. Corporate insiders own 1.90% of the company’s stock.

Broadcom Trading Up 1.4%

NASDAQ:AVGO opened at $377.75 on Wednesday. Broadcom Inc. has a 12 month low of $262.66 and a 12 month high of $495.00. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 62.96, a PEG ratio of 0.65 and a beta of 1.41. The firm has a fifty day simple moving average of $410.61 and a two-hundred day simple moving average of $362.60.

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

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is presently 43.33%.

Broadcom Company 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.