Broadcom Inc. $AVGO Shares Bought by Moore Capital Management LP

Moore Capital Management LP raised its holdings in Broadcom Inc. (NASDAQ:AVGO) by 15.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,133 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,623 shares during the quarter. Moore Capital Management LP’s holdings in Broadcom were worth $13,570,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Knollwood Investment Advisory LLC grew its holdings in shares of Broadcom by 0.4% during the 3rd quarter. Knollwood Investment Advisory LLC now owns 35,431 shares of the semiconductor manufacturer’s stock worth $11,689,000 after purchasing an additional 131 shares during the period. L2 Asset Management LLC increased its position in shares of Broadcom by 5.0% during the 3rd quarter. L2 Asset Management LLC now owns 21,703 shares of the semiconductor manufacturer’s stock worth $7,160,000 after purchasing an additional 1,029 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in Broadcom in the 3rd quarter valued at about $511,167,000. LRT Capital Management LLC lifted its position in Broadcom by 51.1% in the third quarter. LRT Capital Management LLC now owns 2,244 shares of the semiconductor manufacturer’s stock valued at $740,000 after buying an additional 759 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its position in Broadcom by 4.8% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 95,236 shares of the semiconductor manufacturer’s stock valued at $31,419,000 after buying an additional 4,347 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Up 0.9%

Shares of NASDAQ:AVGO opened at $324.92 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The firm has a market capitalization of $1.54 trillion, a PE ratio of 63.46, a price-to-earnings-growth ratio of 0.69 and a beta of 1.22. The firm’s 50-day moving average is $332.36 and its two-hundred day moving average is $345.10. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. Analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom’s dividend payout ratio is 50.78%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Mizuho set a $480.00 price objective on shares of Broadcom and gave the stock an “outperform” rating in a report on Friday, January 9th. Morgan Stanley increased their price objective on shares of Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. DA Davidson upgraded shares of Broadcom to a “hold” rating in a report on Friday, February 13th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $475.00 target price (up from $400.00) on shares of Broadcom in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Broadcom presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.30.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street remains highly bullish — nearly all covering analysts rate AVGO Buy and median price targets sit well above the current level, supporting upside expectations. Read More.
• Positive Sentiment: Company fundamentals and guidance are backing the AI story: recent quarterly results beat estimates, Broadcom reported large AI revenue (reported ~$12B FY25) and guided substantial AI revenue for the quarter — commentary that validates continued demand from hyperscalers and AI custom chip builds. Read More.
• Positive Sentiment: Capital return activity is notable — Broadcom is stepping up buybacks, which can support the share price by reducing float and signaling management confidence. Read More.
• Positive Sentiment: Product and roadmap news: Broadcom announced availability of the Taurus™ BCM83640, reinforcing its competitive position in networking and AI infrastructure components. Product cadence helps underwrite medium‑term revenue growth. Read More.
• Neutral Sentiment: Political/investor-interest signal: multiple members of Congress disclosed buys of AVGO — a datapoint that can attract retail attention but is informational rather than a direct catalyst. Read More.
• Negative Sentiment: Institutional trimming: Ameriprise disclosed a ~6.6% reduction in its AVGO position, a small headwind that could add selling pressure if other large holders follow suit. Read More.

Insider Buying and Selling

In related news, Director Harry L. You acquired 1,000 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were acquired at an average price of $325.13 per share, with a total value of $325,130.00. Following the completion of the transaction, the director owned 36,602 shares of the company’s stock, valued at $11,900,408.26. The trade was a 2.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 38,281 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total value of $12,542,769.65. Following the completion of the sale, the insider owned 266,494 shares in the company, valued at approximately $87,316,759.10. The trade was a 12.56% 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 429,844 shares of company stock worth $145,624,987 over the last three months. 1.90% of the stock is owned by 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.