Naviter Wealth LLC Buys 1,826 Shares of Broadcom Inc. $AVGO

Naviter Wealth LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,904 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,826 shares during the period. Broadcom makes up approximately 1.4% of Naviter Wealth LLC’s holdings, making the stock its 14th biggest position. Naviter Wealth LLC’s holdings in Broadcom were worth $12,175,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of Broadcom during the second quarter valued at approximately $27,000. Teachers Insurance & Annuity Association of America bought a new position in Broadcom in the 2nd quarter valued at approximately $28,000. LGT Financial Advisors LLC purchased a new stake in Broadcom during the 2nd quarter valued at $31,000. New England Capital Financial Advisors LLC purchased a new stake in Broadcom during the 2nd quarter valued at $31,000. Finally, JCIC Asset Management Inc. bought a new stake in shares of Broadcom in the 3rd quarter worth $31,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Broadcom news, Director Harry L. You purchased 1,000 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average cost of $325.13 per share, with a total value of $325,130.00. Following the acquisition, the director owned 36,602 shares in the company, valued at approximately $11,900,408.26. This trade represents a 2.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Hock E. Tan sold 70,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was 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 in the company, valued at $46,133,942.80. This trade represents a 34.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 779,101 shares of company stock valued at $283,804,325 in the last three months. 2.00% of the stock is currently owned by insiders.

Broadcom Trading Down 1.8%

Shares of AVGO stock opened at $325.17 on Monday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The firm has a fifty day moving average price of $343.88 and a 200-day moving average price of $340.79. The company has a market cap of $1.54 trillion, a price-to-earnings ratio of 68.31, a PEG ratio of 1.05 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 earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 37.45% and a net margin of 36.20%.Broadcom’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 earnings per share. As a group, equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current 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 issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 annualized dividend and a yield of 0.8%. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s payout ratio is currently 54.62%.

Broadcom News Roundup

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on AVGO. Susquehanna reaffirmed a “positive” rating and set a $450.00 price target (up from $400.00) on shares of Broadcom in a report on Thursday, December 4th. Royal Bank Of Canada began coverage on shares of Broadcom in a research note on Wednesday, January 14th. They set a “sector perform” rating and a $370.00 target price on the stock. Benchmark lifted their price target 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. Truist Financial increased their price objective on shares of Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Zacks Research upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $433.87.

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.