Broadcom Inc. $AVGO Holdings Lowered by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO) by 33.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 674,105 shares of the semiconductor manufacturer’s stock after selling 341,095 shares during the period. Broadcom makes up 2.7% of QRG Capital Management Inc.’s investment portfolio, making the stock its 5th biggest holding. QRG Capital Management Inc.’s holdings in Broadcom were worth $222,394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVGO. Rather & Kittrell Inc. grew its position in Broadcom by 71.5% in the third quarter. Rather & Kittrell Inc. now owns 2,305 shares of the semiconductor manufacturer’s stock worth $760,000 after acquiring an additional 961 shares in the last quarter. Evergreen Capital Management LLC grew its position in shares of Broadcom by 13.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 66,022 shares of the semiconductor manufacturer’s stock worth $21,781,000 after buying an additional 7,632 shares during the last quarter. Phoenix Wealth Advisors boosted its holdings in Broadcom by 6.8% in the third quarter. Phoenix Wealth Advisors now owns 14,138 shares of the semiconductor manufacturer’s stock valued at $4,664,000 after acquiring an additional 904 shares in the last quarter. NBT Bank N A NY increased its position in shares of Broadcom by 4.7% during the third quarter. NBT Bank N A NY now owns 15,138 shares of the semiconductor manufacturer’s stock valued at $4,994,000 after buying an additional 686 shares during the period. Finally, Lodestar Private Asset Management LLC raised its holdings in Broadcom by 7.4% in the third quarter. Lodestar Private Asset Management LLC now owns 1,568 shares of the semiconductor manufacturer’s stock worth $517,000 after purchasing an additional 108 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Cathie Wood’s ARK funds materially increased AVGO exposure (added ~143k shares), a high-profile vote of confidence that can attract momentum and retail flows. Cathie Wood Is Doubling Down on Broadcom Stock. Should You?
• Positive Sentiment: Analysts remain largely bullish and consensus ratings sit at “Buy,” supporting institutional conviction and serving as a potential floor for the shares. Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Rating of “Buy” from Analysts
• Positive Sentiment: Industry tailwinds from TSMC and Meta point to sustained AI-accelerator and custom-chip demand — a direct revenue driver for Broadcom’s ASIC/accelerator business. Upcoming Meta capex guidance is a key potential catalyst. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
• Positive Sentiment: Macro/sector pieces highlight Broadcom as a “picks-and-shovels” AI beneficiary alongside peers (Oracle, Micron), reinforcing secular demand arguments. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
• Neutral Sentiment: Company narrative and strategy pieces (connectivity expansion) reiterate Broadcom’s product breadth — supportive long-term, but not an immediate earnings surprise. Broadcom Inc (NASDAQ:AVGO) Nasdaq Today Signals Connectivity Expansion
• Neutral Sentiment: Analyses celebrating past shareholder returns ($51B delivered) improve sentiment but are backward-looking and less likely to move the stock near term. How Broadcom Stock Delivered $51 Billion In Shareholder Value
• Negative Sentiment: Some institutional selling: Cypress Funds trimmed its Broadcom stake, signaling selective profit-taking among hedge funds. Cypress Funds Llc Cuts Broadcom Inc Stake by 29K Shares
• Negative Sentiment: Share-price underperformance and recent intra-day dips relative to peers are prompting short-term technical selling and volatility; this is weighing on the stock despite positive fundamentals. Broadcom Inc. stock underperforms Wednesday when compared to competitors

Broadcom Trading Down 1.0%

NASDAQ:AVGO opened at $325.49 on Friday. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The business has a fifty day moving average price of $357.64 and a 200-day moving average price of $334.99. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 68.38, a price-to-earnings-growth ratio of 1.09 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58.

Broadcom (NASDAQ:AVGO) last released its quarterly 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. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The business had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the previous year, the company posted $1.42 earnings per share. Broadcom’s revenue for the quarter was up 28.2% on a year-over-year basis. Sell-side analysts forecast 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. Shareholders of record on Monday, December 22nd were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is 54.62%.

Insider Activity

In related news, Director Henry Samueli sold 320,316 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $400.53, for a total value of $128,296,167.48. Following the completion of the transaction, the director owned 37,326,540 shares of the company’s stock, valued at approximately $14,950,399,066.20. This represents a 0.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Hock E. Tan sold 130,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total value of $42,382,600.00. Following the completion of the sale, the chief executive officer owned 595,638 shares of the company’s stock, valued at $194,189,900.76. The trade was a 17.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 779,901 shares of company stock worth $284,069,237 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AVGO shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $450.00 price target on shares of Broadcom in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research note on Friday, December 12th. Robert W. Baird set a $420.00 price target on shares of Broadcom in a research report on Friday, December 12th. KeyCorp reaffirmed an “overweight” rating and issued a $500.00 price objective (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Finally, Royal Bank Of Canada began coverage on Broadcom in a research note on Wednesday, January 14th. They issued a “sector perform” rating and a $370.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $438.61.

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.