M&G PLC Reduces Holdings in Broadcom Inc. $AVGO

M&G PLC lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 65.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 415,220 shares of the semiconductor manufacturer’s stock after selling 787,809 shares during the period. M&G PLC’s holdings in Broadcom were worth $137,023,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AVGO. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom in the second quarter worth $27,000. Teachers Insurance & Annuity Association of America purchased a new stake in Broadcom during the 2nd quarter worth about $28,000. LGT Financial Advisors LLC acquired a new position in Broadcom in the 2nd quarter valued at about $31,000. New England Capital Financial Advisors LLC purchased a new position in Broadcom in the 2nd quarter valued at about $31,000. Finally, JCIC Asset Management Inc. acquired a new stake in shares of Broadcom during the 3rd quarter worth about $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Wells Fargo & Company raised Broadcom from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $410.00 to $430.00 in a research note on Thursday, January 15th. Zacks Research upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Citigroup reiterated a “buy” rating and issued a $458.00 target price (down from $480.00) on shares of Broadcom in a research note on Tuesday. Finally, DA Davidson upgraded Broadcom to a “hold” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $433.13.

Broadcom Price Performance

Shares of Broadcom stock opened at $333.51 on Thursday. The business’s fifty day moving average price is $339.29 and its 200 day moving average price is $341.27. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 70.07, a PEG ratio of 1.07 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 EPS for the quarter, topping the consensus estimate of $1.87 by $0.08. The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The firm’s revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.42 earnings per share. As a group, research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, December 22nd. Broadcom’s dividend payout ratio is presently 54.62%.

Insider Activity at Broadcom

In related news, insider Charlie B. Kawwas sold 1,928 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total value of $631,998.40. Following the completion of the sale, the insider directly owned 23,582 shares in the company, valued at approximately $7,730,179.60. This represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 779,101 shares of company stock valued at $283,804,325 over the last quarter. Company insiders own 2.00% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Jim Cramer mentioned Broadcom among notable technology names and coverage interest (DA Davidson initiation) underscores continued investor attention and positive sentiment around Broadcom’s mix of chips and enterprise software. Jim Cramer Linked Broadcom (AVGO) & Computer Storage Stocks
• Positive Sentiment: Coverage notes Broadcom is outpacing broader market gains and benefiting from the AI infrastructure spending cycle, supporting near-term demand expectations. Broadcom Inc. (AVGO) outpaces stock market gains: What you should know
• Neutral Sentiment: Analyses point to a consolidation phase — shares have pulled back from highs but AI demand from large cloud buyers could underpin recovery; outlook is range-bound for now. Where Will Broadcom Stock Be in 1 Year?
• Neutral Sentiment: Several pieces reassess valuation after the pullback — investors are debating whether premium multiples (high P/E) already price in AI growth, leaving valuation as a key gating factor. Is It Too Late To Consider Broadcom (AVGO) After Its Strong Multi‑Year Share Price Run?
• Neutral Sentiment: Reported short-interest data appears anomalous/low in recent filings and is not currently creating meaningful days-to-cover pressure. (internal short-interest entry)
• Negative Sentiment: Barron’s reports Meta’s big commitment to Nvidia reduces an addressable opportunity for Broadcom in certain AI chips, increasing competitive risk from Nvidia. Nvidia Gets Big Commitment From Meta. What It Means for the Broadcom Threat.
• Negative Sentiment: At least one analyst warns Broadcom faces structural risks (“sitting on a sinking iceberg”) tied to margin pressure and execution, which could weigh on multiple expansion. Broadcom is ‘sitting on a sinking iceberg.’ Why 1 analyst is warning on AVGO stock here
• Negative Sentiment: Analysts flag a story shift: while AI hopes support revenue tailwinds, margin concerns and high expectations increase downside risk if growth or pricing softens. Why Analysts See Broadcom (AVGO) Story Shifting On AI Hopes And Margin Concerns

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.