Westfield Capital Management Co. LP Sells 169,780 Shares of Broadcom Inc. $AVGO

Westfield Capital Management Co. LP cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 12.7% during the third quarter, Holdings Channel reports. The fund owned 1,166,362 shares of the semiconductor manufacturer’s stock after selling 169,780 shares during the quarter. Broadcom comprises about 1.6% of Westfield Capital Management Co. LP’s holdings, making the stock its 11th biggest holding. Westfield Capital Management Co. LP’s holdings in Broadcom were worth $384,795,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Broadcom during the 2nd quarter worth about $18,579,549,000. Vanguard Group Inc. increased its stake in shares of Broadcom by 1.3% during the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after purchasing an additional 6,222,802 shares during the period. Edgewood Management LLC bought a new position in shares of Broadcom during the second quarter worth approximately $1,571,438,000. Massachusetts Financial Services Co. MA lifted its holdings in Broadcom by 115.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer’s stock worth $1,658,680,000 after purchasing an additional 3,224,739 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Broadcom by 8.4% in the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock valued at $10,598,641,000 after purchasing an additional 2,978,768 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts/strategists flag long-term AI tailwinds and adjusted valuations that support upside for AVGO; TD Cowen’s note highlighting AI-driven runway helped lift sentiment. TD Cowen Adjusts Broadcom Valuation
• Positive Sentiment: Broadcom launched “BroadPeak,” a new connectivity chip positioned for 5G Advanced/6G and lower power use; product news supports the company’s stated AI and connectivity growth narrative. BroadPeak Launch
• Positive Sentiment: Market commentary noted a near-term bump (AVGO up intraday) and analysts saying a larger move may be ahead, reinforcing momentum into the earnings catalyst. Invezz Article
• Positive Sentiment: Dividend continuity: Broadcom announced the next quarterly dividend payment date, supporting the income profile for shareholders. Dividend Announcement
• Neutral Sentiment: Upcoming earnings (quarterly report expected March 4) is the key near-term catalyst — Wall Street expects revenue/earnings growth, so results will likely drive the next leg of the move. Fool Preview
• Neutral Sentiment: Zacks and MarketBeat pieces lay out what to watch into earnings (AI revenue trajectory, semiconductor growth, guidance); they serve as checklists for the upcoming report rather than clear buys/sells. Zacks Earnings Preview
• Neutral Sentiment: Short-interest data published for February appears inconsistent/erroneous (shows zeros/NaN), so it’s not a reliable signal this cycle; treat short-interest moves with caution until corrected.
• Negative Sentiment: Hedge fund MIG Capital (Richard Merage) trimmed its Broadcom stake by 18,461 shares — a small selling signal that may amplify caution for some investors. MIG Capital Stake Trim
• Negative Sentiment: Some analyst commentary and previews suggest Broadcom may lack the specific combination of beats and upside in guidance to guarantee an earnings surprise, which raises downside risk into the report. Zacks Earnings Caution
• Negative Sentiment: Recent session-level weakness was reported in coverage notes, which could feed short-term profit-taking ahead of earnings. Zacks Market Note

Broadcom Trading Up 2.1%

Shares of AVGO opened at $332.31 on Thursday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. The business has a 50-day moving average of $336.92 and a 200 day moving average of $342.35. The firm has a market cap of $1.58 trillion, a P/E ratio of 69.81, a price-to-earnings-growth ratio of 1.04 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter last year, the business earned $1.42 earnings per share. As a group, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.65 dividend. The ex-dividend date was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total value of $10,434,600.00. Following the completion of the transaction, the chief financial officer owned 277,237 shares in the company, valued at $96,428,573.34. This trade represents a 9.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charlie B. Kawwas sold 1,928 shares of Broadcom stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $327.80, for a total value of $631,998.40. Following the transaction, the insider directly owned 23,582 shares of the company’s stock, valued at $7,730,179.60. The trade was a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 779,101 shares of company stock worth $283,804,325. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on AVGO shares. Oppenheimer increased their price objective on Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price target on shares of Broadcom in a research note on Monday, January 5th. Zacks Research upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Wolfe Research raised shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a report on Friday, January 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $430.00 target price (up from $375.00) on shares of Broadcom in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $433.13.

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.