Marietta Investment Partners LLC Raises Position in Broadcom Inc. $AVGO

Marietta Investment Partners LLC grew its holdings in Broadcom Inc. (NASDAQ:AVGO) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,264 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,146 shares during the period. Broadcom comprises approximately 1.7% of Marietta Investment Partners LLC’s portfolio, making the stock its 13th largest position. Marietta Investment Partners LLC’s holdings in Broadcom were worth $8,995,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Broadcom by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after purchasing an additional 6,222,802 shares during the period. State Street Corp raised its holdings in Broadcom by 0.5% in the second quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock valued at $51,071,601,000 after acquiring an additional 873,963 shares in the last quarter. Geode Capital Management LLC lifted its stake in Broadcom by 2.1% in the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock worth $29,827,649,000 after acquiring an additional 2,226,585 shares during the last quarter. Norges Bank acquired a new position in Broadcom during the 2nd quarter worth approximately $18,579,549,000. Finally, Invesco Ltd. increased its position in shares of Broadcom by 8.4% in the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock valued at $10,598,641,000 after purchasing an additional 2,978,768 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on AVGO. Robert W. Baird set a $420.00 target price on shares of Broadcom in a research note on Friday, December 12th. Royal Bank Of Canada lowered their price objective on Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a research report on Monday. Citigroup raised their target price on Broadcom from $458.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company raised Broadcom from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 price target on shares of Broadcom in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.03.

Broadcom Stock Performance

Shares of Broadcom stock opened at $332.97 on Friday. The firm’s fifty day simple moving average is $334.17 and its 200-day simple moving average is $342.61. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The stock has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 65.03, a PEG ratio of 1.02 and a beta of 1.22. 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 issued its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.02. The company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 39.28%. Broadcom’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period last year, the firm posted $1.60 EPS. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, December 22nd. 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%. Broadcom’s dividend payout ratio is presently 50.78%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 beat and strong guidance — Broadcom reported $2.05 EPS vs. ~$2.03 consensus and $19.31B revenue (up ~29.5% YoY). Management guided Q2 revenue around $22.0B (well above consensus) and announced a $10B buyback, signaling confidence in demand. Broadcom Q1 results & buyback (PR Newswire)
• Positive Sentiment: AI revenue surge and long-term AI thesis — AI semiconductor sales more than doubled (reported ~106% YoY, ~$8.4B), and CEO Hock Tan projected AI chip sales “significantly in excess of $100B” in 2027 — comments that pushed investor conviction around sustainable AI demand. Reuters: Broadcom >$100B AI chip sales outlook
• Positive Sentiment: Wall Street upgrades and higher price targets — Multiple firms raised ratings/targets (JPMorgan, Citigroup, Truist, Rosenblatt and others), driving momentum and providing fresh buy-side support. Finbold: Analysts upgrade Broadcom after earnings
• Neutral Sentiment: Product progress and roadmap — Broadcom has started shipping advanced 3.5D/2nm custom compute SoCs and added XPU customers, which supports longer-term competitive positioning but will take time to translate into sustained margin expansion. Yahoo Finance: Broadcom ships 3.5D compute SoC
• Neutral Sentiment: Sector tailwinds — The broad semiconductor/AI capex theme is lifting interest in AVGO via ETFs and sector flows; this supports multiple catalysts but also ties AVGO to broader chip-cycle sentiment. MarketBeat: AI capex and semiconductor ETFs
• Negative Sentiment: Software segment weakness — Infrastructure software (including VMware-related revenue) grew only ~1% YoY, and analysts/writers flagged software as a drag that could limit overall margin upside. WSJ: AI business booming; software complicated
• Negative Sentiment: Regulatory/export risk and analyst caution — Reports that U.S. export rules for AI chips could tighten and at least one analyst downgrade/trading reaction introduce execution and geopolitical risk that could re-rate multiples. Investopedia: potential new export rules American Banking News: trading down after downgrade

Insider Activity

In other news, CFO Kirsten M. Spears sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total value of $10,434,600.00. Following the completion of the sale, the chief financial officer owned 277,237 shares in the company, valued at approximately $96,428,573.34. This trade represents a 9.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 130,000 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $326.02, for a total transaction of $42,382,600.00. Following the transaction, the chief executive officer owned 595,638 shares in the company, valued at approximately $194,189,900.76. This trade represents a 17.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 779,101 shares of company stock valued at $283,804,325. 2.00% of the stock is owned by corporate insiders.

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.