Broadcom Inc. $AVGO Stock Position Lowered by Naples Global Advisors LLC

Naples Global Advisors LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 6.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 112,534 shares of the semiconductor manufacturer’s stock after selling 7,226 shares during the period. Broadcom makes up approximately 2.9% of Naples Global Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Naples Global Advisors LLC’s holdings in Broadcom were worth $38,948,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Kepler Cheuvreux Suisse SA increased its holdings in shares of Broadcom by 61.9% in the fourth quarter. Kepler Cheuvreux Suisse SA now owns 86,568 shares of the semiconductor manufacturer’s stock worth $29,958,000 after buying an additional 33,098 shares during the period. Byrne Financial Freedom LLC increased its holdings in shares of Broadcom by 12.2% in the fourth quarter. Byrne Financial Freedom LLC now owns 4,961 shares of the semiconductor manufacturer’s stock worth $1,717,000 after buying an additional 541 shares during the period. Colonial River Investments LLC grew its stake in shares of Broadcom by 44.1% in the fourth quarter. Colonial River Investments LLC now owns 13,750 shares of the semiconductor manufacturer’s stock worth $4,759,000 after purchasing an additional 4,208 shares during the last quarter. Drive Wealth Management LLC grew its stake in shares of Broadcom by 16.4% in the fourth quarter. Drive Wealth Management LLC now owns 17,000 shares of the semiconductor manufacturer’s stock worth $5,884,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Hosking Partners LLP grew its stake in shares of Broadcom by 5.1% in the fourth quarter. Hosking Partners LLP now owns 122,698 shares of the semiconductor manufacturer’s stock worth $42,466,000 after purchasing an additional 5,930 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom remains a favored way to play AI infrastructure, with multiple recent articles highlighting its growing exposure to custom AI silicon, data-center networking, and AI semiconductor revenue. Citi also raised its price target to $500, reinforcing optimism ahead of the next earnings report.
• Positive Sentiment: Wells Fargo lifted its price target to $545 and said AI semiconductor revenue is running 30% to 40% above expectations, suggesting Broadcom may still be benefiting from stronger-than-expected hyperscaler spending.
• Positive Sentiment: Recent investor interest has also been supportive, with hedge fund and prominent manager buying cited in several notes, alongside Broadcom being named among top tech stocks to own as AI optimism continues to drive the market.
• Neutral Sentiment: Broadcom was also mentioned in a broader AI rotation piece that argues the next leg of the rally may be in AI bottlenecks such as optics, networking, and memory rather than only the most obvious chip winners. Broadcom was specifically named as one of the companies positioned to benefit from optical interconnect demand.
• Negative Sentiment: UBS warned that AI stocks, including Broadcom, are increasingly crowded trades, raising the risk of a pullback if enthusiasm cools or if investors rotate out of mega-cap semiconductors.
• Negative Sentiment: Some commentary also suggests the AI chip rally may be masking broader market weakness, which can make even strong names like Broadcom vulnerable to profit-taking after a powerful advance.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of Broadcom stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total transaction of $358,310.00. Following the sale, the director directly owned 32,352 shares of the company’s stock, valued at approximately $11,592,045.12. The trade was a 3.00% 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 10,000 shares of Broadcom stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total value of $3,452,300.00. Following the sale, the insider directly owned 787,184 shares in the company, valued at approximately $271,759,532.32. The trade was a 1.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 324,282 shares of company stock worth $106,425,249. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America cut their target price on Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Truist Financial raised their target price on Broadcom from $510.00 to $545.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Rosenblatt Securities reissued a “buy” rating and issued a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. Mizuho reissued an “outperform” rating and issued a $480.00 target price on shares of Broadcom in a research note on Thursday, April 16th. Finally, Benchmark reissued a “buy” rating and issued a $485.00 target price on shares of Broadcom in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $441.63.

Broadcom Stock Performance

Broadcom stock opened at $425.19 on Friday. The stock’s 50 day simple moving average is $365.61 and its two-hundred day simple moving average is $354.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The stock has a market cap of $2.01 trillion, a price-to-earnings ratio of 83.05, a PEG ratio of 0.88 and a beta of 1.43. Broadcom Inc. has a fifty-two week low of $221.60 and a fifty-two week high of $442.36.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data 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. The business had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business’s revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. As a group, analysts expect that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s payout ratio is presently 50.78%.

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.