LaFleur & Godfrey LLC decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 10.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 78,710 shares of the semiconductor manufacturer’s stock after selling 9,282 shares during the period. Broadcom makes up approximately 3.1% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 6th largest holding. LaFleur & Godfrey LLC’s holdings in Broadcom were worth $25,967,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of AVGO. Arthur M. Cohen & Associates LLC increased its stake in Broadcom by 0.6% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock valued at $1,577,000 after purchasing an additional 30 shares in the last quarter. Jackson Hole Capital Partners LLC lifted its stake in shares of Broadcom by 1.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock worth $716,000 after buying an additional 30 shares during the period. Private Wealth Partners LLC grew its holdings in shares of Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock valued at $1,410,000 after buying an additional 30 shares during the last quarter. McHugh Group LLC increased its position in shares of Broadcom by 0.4% in the 3rd quarter. McHugh Group LLC now owns 8,433 shares of the semiconductor manufacturer’s stock valued at $2,782,000 after acquiring an additional 31 shares during the period. Finally, Smith Thornton Advisors LLC increased its position in shares of Broadcom by 1.4% in the 3rd quarter. Smith Thornton Advisors LLC now owns 2,313 shares of the semiconductor manufacturer’s stock valued at $763,000 after acquiring an additional 31 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Barclays reaffirmed an “overweight” rating and set a $500.00 price target (up previously from $450.00) on shares of Broadcom in a research report on Friday, December 12th. TD Cowen reaffirmed a “buy” rating on shares of Broadcom in a report on Friday, December 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 target price on shares of Broadcom in a research report on Monday, January 5th. Bank of America raised their price target on shares of Broadcom from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $450.00 price objective (up from $400.00) on shares of Broadcom in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Broadcom currently has an average rating of “Buy” and a consensus price target of $433.13.
Broadcom News Summary
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Brokerage and fund interest remains high — Zacks upgraded AVGO to a #2 (Buy), which can attract buyers and support near-term flows. Broadcom Inc. (AVGO) Upgraded to Buy: Here’s Why
- Positive Sentiment: Institutional flows: Cathie Wood’s ARK disclosed a meaningful purchase (24,205 shares) and AVGO is on some large-firm growth lists, signaling conviction around AI exposure. Broadcom (AVGO) Draws Investor Interest Amid AI Growth Expectations
- Positive Sentiment: Analyst model upgrades: Erste Group raised earnings estimates, which supports higher valuation frameworks for AVGO. Erste Group Bank Increases Earnings Estimates for Broadcom
- Positive Sentiment: Wall Street price-targets still show substantial upside (consensus/analyst notes point to ~30%+ upside), keeping the bullish narrative intact for growth investors. Wall Street Analysts Believe Broadcom Inc. (AVGO) Could Rally 35.33%
- Neutral Sentiment: Market attention is elevated — multiple outlets note heavy investor interest and search activity; that can amplify moves in either direction depending on upcoming results and commentary. Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Upcoming earnings are the key catalyst — Wall Street expects strong revenue growth (~$19.1B for Q1) but will focus on Q2 guidance and margins; the report can swing sentiment materially. AVGO Earnings Are Just Around the Corner—Here’s What to Watch
- Negative Sentiment: Citi trimmed its price target to $458 (from $480) despite keeping a Buy rating — a signal that some analysts are tempering upside expectations even as they remain constructive. Citi Lowers PT on Broadcom Inc. (AVGO) Stock
- Negative Sentiment: Analyst caution on AI ASIC concentration and hyperscaler exposure raises risk — some reports flag that rapid AI mix growth could pressure gross margins and create concentration risk with large cloud customers. Broadcom Inc. (AVGO) Draws Mixed Analyst Views as AI ASIC Momentum Faces Hyperscaler Risks
Broadcom Price Performance
Shares of NASDAQ AVGO opened at $330.34 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. The stock has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 69.40, a PEG ratio of 1.06 and a beta of 1.21. The firm’s 50 day simple moving average is $337.11 and its 200-day simple moving average is $342.27. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61.
Broadcom (NASDAQ:AVGO – Get Free Report) last posted its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business’s revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 EPS. Analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.
Broadcom Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio is currently 54.62%.
Insider Activity
In other Broadcom news, insider Mark David Brazeal sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the transaction, the insider owned 210,573 shares in the company, valued at approximately $73,094,099.76. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the completion of the sale, the chief executive officer owned 132,836 shares of the company’s stock, valued at $46,133,942.80. This trade represents a 34.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 779,101 shares of company stock worth $283,804,325. 2.00% of the stock is currently owned by corporate insiders.
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.
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