Tocqueville Asset Management L.P. Has $35.55 Million Stock Position in Broadcom Inc. $AVGO

Tocqueville Asset Management L.P. reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,756 shares of the semiconductor manufacturer’s stock after selling 9,722 shares during the period. Tocqueville Asset Management L.P.’s holdings in Broadcom were worth $35,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Saiph Capital LLC lifted its position in shares of Broadcom by 1.9% during the 3rd quarter. Saiph Capital LLC now owns 10,044 shares of the semiconductor manufacturer’s stock worth $3,314,000 after buying an additional 185 shares during the period. Advisory Research Inc. grew its position in Broadcom by 0.8% in the third quarter. Advisory Research Inc. now owns 85,729 shares of the semiconductor manufacturer’s stock valued at $28,283,000 after acquiring an additional 683 shares during the period. Johnson Financial Group Inc. grew its position in Broadcom by 10.7% in the third quarter. Johnson Financial Group Inc. now owns 41,305 shares of the semiconductor manufacturer’s stock valued at $13,627,000 after acquiring an additional 3,995 shares during the period. Athena Investment Management raised its stake in Broadcom by 4.6% during the third quarter. Athena Investment Management now owns 6,216 shares of the semiconductor manufacturer’s stock worth $2,051,000 after acquiring an additional 272 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in Broadcom by 1,058.3% during the third quarter. Martingale Asset Management L P now owns 53,167 shares of the semiconductor manufacturer’s stock worth $17,540,000 after acquiring an additional 48,577 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management forecasted >$100 billion in AI chip sales for 2027, highlighting material TAM expansion and signaling share gains versus competitors — a key growth narrative driving investor enthusiasm. What Makes Broadcom (AVGO) a Lucrative Investment?
• Positive Sentiment: Morgan Stanley raised its price target on AVGO to $470 and kept an Overweight rating, signaling continued analyst conviction following the company’s strong quarter — this lift to consensus expectations supports upside in the stock. Morgan Stanley Raises PT on Broadcom, Keeps Overweight Rating
• Positive Sentiment: Broadcom announced it is now shipping the Tomahawk 6 family 102.4 Tbps switch at production scale — a meaningful infrastructure win for hyperscale AI networking that strengthens revenue and market-share outlooks in data-center switching. Broadcom Now Shipping World's First 102.4 Tbps Switch in Production Volume
• Positive Sentiment: Broadcom released its 3nm 400G/lane optical PAM‑4 DSP (Taurus BCM83640) enabling best‑in‑class 1.6T transceivers and paving the path to 204.8T networks — strengthens Broadcom’s optics leadership and cross‑sell into AI datacenters. Broadcom Delivers Industry’s First 400G/lane Optical DSP for Next-Generation AI Networks
• Positive Sentiment: Coverage and investor writeups are upbeat on AI-led cash flow upside (features in Seeking Alpha, Zacks and Yahoo) and several bullish analysts/funds reiterated conviction — momentum in sentiment is supporting the rally. Broadcom: AI Is Turning This Chip Giant Into A Strong Buy Cash Flow Machine
• Neutral Sentiment: Broadcom showcased a broad AI infrastructure portfolio at OFC 2026 (XPUs, Ethernet, optics, SerDes, DSP, PCIe) — positive for positioning but mainly promotional until material deals are reported. Broadcom Showcases Industry-Leading Solutions for Scaling AI Infrastructure at OFC 2026
• Neutral Sentiment: Partner award and ecosystem news (11:11 Systems named Broadcom VMware Cloud Service Provider Partner of the Year) underline go‑to‑market momentum but have limited direct near‑term financial impact. 11:11 Systems Named Broadcom VMware Cloud Service Provider Partner of the Year 2025
• Neutral Sentiment: Reported short‑interest entries in the feed show zero/NaN values and are not informative — no clear short‑pressure story emerged from the data.

Broadcom Trading Down 2.6%

NASDAQ:AVGO traded down $8.67 during trading hours on Friday, hitting $327.30. 6,859,513 shares of the stock were exchanged, compared to its average volume of 26,048,271. The company has a market capitalization of $1.55 trillion, a P/E ratio of 64.08, a price-to-earnings-growth ratio of 0.78 and a beta of 1.22. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average is $333.24 and its two-hundred day moving average is $344.15. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period last year, the firm earned $1.60 EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, March 23rd. Broadcom’s dividend payout ratio (DPR) is presently 50.78%.

Insider Activity

In other news, CEO Hock E. Tan sold 70,000 shares of Broadcom stock in a transaction that occurred 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 sale, the chief executive officer owned 132,836 shares in the company, valued at $46,133,942.80. The trade was a 34.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charlie B. Kawwas sold 1,928 shares of Broadcom stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total transaction of $631,998.40. Following the sale, the insider owned 23,582 shares of the company’s stock, valued at approximately $7,730,179.60. This represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 458,785 shares of company stock worth $155,508,157. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AVGO. Oppenheimer boosted their target price on shares of Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Raymond James Financial set a $420.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Royal Bank Of Canada cut their price target on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Broadcom in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $435.30.

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.