Broadcom Inc. $AVGO Shares Sold by Perpetual Ltd

Perpetual Ltd lessened its position in Broadcom Inc. (NASDAQ:AVGO) by 27.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 188,928 shares of the semiconductor manufacturer’s stock after selling 71,688 shares during the period. Broadcom makes up 0.9% of Perpetual Ltd’s investment portfolio, making the stock its 28th largest holding. Perpetual Ltd’s holdings in Broadcom were worth $65,388,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Broadcom in the 2nd quarter worth $28,000. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom in the 3rd quarter worth $31,000. Miller Global Investments LLC acquired a new stake in shares of Broadcom in the 4th quarter worth $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Broadcom in the 3rd quarter worth $34,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of Broadcom in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AVGO. Deutsche Bank Aktiengesellschaft set a $430.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Friday, December 12th. Benchmark reiterated a “buy” rating and issued a $485.00 price target on shares of Broadcom in a report on Thursday, March 5th. KeyCorp reiterated an “overweight” rating and issued a $500.00 price target (up from $460.00) on shares of Broadcom in a report on Friday, December 12th. Barclays reiterated an “overweight” rating and issued a $500.00 price target (up from $450.00) on shares of Broadcom in a report on Friday, December 12th. Finally, Robert W. Baird set a $420.00 price target on shares of Broadcom in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $435.30.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 36,292 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the completion of the transaction, the chief financial officer directly owned 327,760 shares in the company, valued at approximately $105,407,616. This trade represents a 9.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 39,116 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the sale, the insider owned 74,626 shares of the company’s stock, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 273,049 shares of company stock valued at $88,300,115. Insiders own 1.90% of the company’s stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $354.91 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $325.37 and a two-hundred day moving average price of $342.86. Broadcom Inc. has a twelve month low of $161.61 and a twelve month high of $414.61. The company has a market capitalization of $1.68 trillion, a P/E ratio of 69.32, a price-to-earnings-growth ratio of 0.73 and a beta of 1.24.

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 the consensus estimate of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same period last year, the firm posted $1.60 EPS. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. As a group, research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, March 23rd. Broadcom’s dividend payout ratio (DPR) is 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year TPU and networking supply agreements with Google and expanded Anthropic commitments (including ~3.5 GW of TPU capacity starting 2027), giving multi‑year revenue visibility for chips and networking components. Broadcom Is Making AI Chips with Google. Does That Make AVGO Stock a Buy Now?
• Positive Sentiment: Market/industry coverage frames the Google deal as evidence Broadcom is competing with NVIDIA for hyperscaler AI infrastructure spend, supporting a narrative of structural demand growth for AVGO’s custom AI and networking products. Bloomberg: Broadcom’s Google deal proves AI infrastructure demand competing with Nvidia
• Positive Sentiment: Wall Street analysts’ average price targets imply meaningful upside (Zacks highlights a ~33% consensus potential), and several bullish notes/coverage reiterations (e.g., Rosenblatt) are supporting buying interest. Wall Street Analysts Think Broadcom Inc. (AVGO) Could Surge 33.37% Rosenblatt Reiterates Buy for Broadcom
• Neutral Sentiment: Bank of America and other firms have updated forecasts and price targets (resets that reflect both the new deals and valuation questions) — useful for investors but not a clear directional signal alone. Bank of America resets Broadcom stock forecast
• Neutral Sentiment: Corporate developments include a new CFO appointment and product launches (Arcot Smart Ruleset); these are operationally relevant but are incremental versus the AI partnership news. Broadcom is getting a new CFO Broadcom Launches the Arcot Smart Ruleset
• Negative Sentiment: Seaport Global / Seaport Research recently downgraded Broadcom (cut to Neutral) and argued the company may be hitting industry limits — these downgrades increase short‑term sell pressure and raise valuation concerns among some institutional investors. Broadcom downgraded by Seaport Research Seaport Global downgrades Broadcom

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.