Public Sector Pension Investment Board Decreases Stock Holdings in Broadcom Inc. $AVGO

Public Sector Pension Investment Board decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,810,043 shares of the semiconductor manufacturer’s stock after selling 111,711 shares during the period. Broadcom comprises approximately 2.2% of Public Sector Pension Investment Board’s holdings, making the stock its 6th largest position. Public Sector Pension Investment Board’s holdings in Broadcom were worth $597,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVGO. Connable Office Inc. raised its holdings in Broadcom by 4.0% in the 3rd quarter. Connable Office Inc. now owns 22,289 shares of the semiconductor manufacturer’s stock worth $7,353,000 after purchasing an additional 857 shares during the period. 1776 Wealth LLC increased its position in Broadcom by 70.1% in the third quarter. 1776 Wealth LLC now owns 5,270 shares of the semiconductor manufacturer’s stock worth $1,739,000 after buying an additional 2,171 shares in the last quarter. Atria Investments Inc increased its position in Broadcom by 5.3% in the third quarter. Atria Investments Inc now owns 275,867 shares of the semiconductor manufacturer’s stock worth $91,011,000 after buying an additional 13,794 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Broadcom by 5.5% in the third quarter. CBIZ Investment Advisory Services LLC now owns 2,202 shares of the semiconductor manufacturer’s stock worth $726,000 after buying an additional 114 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Broadcom by 2.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 257,853 shares of the semiconductor manufacturer’s stock valued at $85,068,000 after buying an additional 7,205 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Harry L. You bought 1,000 shares of the stock in a transaction dated Thursday, December 18th. The stock was purchased at an average cost of $325.13 per share, for a total transaction of $325,130.00. Following 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Hock E. Tan sold 70,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total transaction of $24,311,000.00. Following the completion of the transaction, the chief executive officer directly owned 132,836 shares of the company’s stock, valued at approximately $46,133,942.80. This trade represents a 34.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 779,101 shares of company stock valued at $283,804,325 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AVGO shares. Raymond James Financial set a $420.00 price objective on Broadcom and gave the company an “outperform” rating in a research note on Thursday, November 20th. TD Cowen reaffirmed a “buy” rating on shares of Broadcom in a report on Friday, December 12th. Benchmark increased their price objective on shares of Broadcom from $385.00 to $485.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Barclays restated an “overweight” rating and set a $500.00 price objective (up from $450.00) on shares of Broadcom in a research report on Friday, December 12th. Finally, Mizuho set a $480.00 target price on shares of Broadcom and gave the company an “outperform” rating in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $433.87.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Cathie Wood’s ARK filed a meaningful purchase (~87,148 shares), signaling institutional conviction in Broadcom’s exposure to AI infrastructure. Broadcom Inc. (AVGO) Draws ARK Investment Amid Positive AI Growth Outlook
• Positive Sentiment: Mirova US LLC materially increased its Broadcom stake, adding another institutional buyer to demand-side flows. Mirova US LLC Boosts Broadcom Stake by 589,713 Shares
• Positive Sentiment: Broadcom unveiled a Wi‑Fi 8 enterprise platform positioned for AI edge and enterprise networking — a product catalyst that could expand TAM for its networking chips. Broadcom Wi Fi 8 Launch Highlights AI Network Demand And Valuation Questions
• Positive Sentiment: Analysts and commentary are bullish on upside linked to hyperscaler CapEx (Google, Meta) and the AI infrastructure cycle — Forbes lays out a bull case toward ~$450 if demand trajectory holds. Here’s How AVGO Stock Could Rise To $450
• Neutral Sentiment: DA Davidson initiated coverage with a Neutral rating — a reminder that some sell-side views see limited near-term upside despite the AI backdrop. DA Davidson initiates coverage of Broadcom (AVGO) with neutral recommendation
• Negative Sentiment: Coverage and market commentary around the Wi‑Fi 8 launch also flagged valuation concerns — investors are debating whether Broadcom’s premium multiple already prices in the AI upside. Broadcom Wi Fi 8 Launch Highlights AI Network Demand And Valuation Questions
• Negative Sentiment: Some institutional managers trimmed positions (PRIMECAP, Randolph, SCS Capital reported cuts), creating localized selling pressure even as others added shares. PRIMECAP Management Co Cuts Broadcom Stake by 27,980 Shares

Broadcom Price Performance

AVGO stock opened at $325.17 on Monday. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The company’s fifty day moving average price is $343.88 and its 200-day moving average price is $340.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. The company has a market capitalization of $1.54 trillion, a PE ratio of 68.31, a price-to-earnings-growth ratio of 1.05 and a beta of 1.21.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. Broadcom’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 EPS. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

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

Broadcom Company 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.