Broadcom Inc. $AVGO is Light Street Capital Management LLC’s 6th Largest Position

Light Street Capital Management LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 18.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,305 shares of the semiconductor manufacturer’s stock after selling 23,166 shares during the period. Broadcom accounts for approximately 5.5% of Light Street Capital Management LLC’s holdings, making the stock its 6th biggest holding. Light Street Capital Management LLC’s holdings in Broadcom were worth $32,762,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AVGO. Lone Pine Capital LLC bought a new position in Broadcom in the 3rd quarter worth $511,167,000. LRT Capital Management LLC boosted its stake in shares of Broadcom by 51.1% during the 3rd quarter. LRT Capital Management LLC now owns 2,244 shares of the semiconductor manufacturer’s stock valued at $740,000 after purchasing an additional 759 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Broadcom by 4.8% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 95,236 shares of the semiconductor manufacturer’s stock valued at $31,419,000 after purchasing an additional 4,347 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Broadcom during the third quarter valued at about $23,560,000. Finally, Integrated Wealth Concepts LLC raised its stake in Broadcom by 1.1% in the third quarter. Integrated Wealth Concepts LLC now owns 120,764 shares of the semiconductor manufacturer’s stock worth $39,841,000 after buying an additional 1,257 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Price Performance

Shares of AVGO opened at $324.92 on Tuesday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. The firm’s 50-day simple moving average is $332.36 and its two-hundred day simple moving average is $345.10. The stock has a market cap of $1.54 trillion, a PE ratio of 63.46, a price-to-earnings-growth ratio of 0.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

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

Broadcom Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on the stock. DA Davidson upgraded shares of Broadcom to a “hold” rating in a report on Friday, February 13th. KeyCorp reissued an “overweight” rating and issued a $500.00 target price (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Wolfe Research upgraded Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft set a $430.00 price target on Broadcom and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Zacks Research cut Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $435.30.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 70,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total value of $24,311,000.00. Following the sale, the chief executive officer directly owned 132,836 shares of the company’s stock, valued at approximately $46,133,942.80. This represents a 34.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief financial officer owned 277,237 shares of the company’s stock, valued at $96,428,573.34. The trade was a 9.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 429,844 shares of company stock valued at $145,624,987. Company insiders own 1.90% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street remains highly bullish — nearly all covering analysts rate AVGO Buy and median price targets sit well above the current level, supporting upside expectations. Read More.
• Positive Sentiment: Company fundamentals and guidance are backing the AI story: recent quarterly results beat estimates, Broadcom reported large AI revenue (reported ~$12B FY25) and guided substantial AI revenue for the quarter — commentary that validates continued demand from hyperscalers and AI custom chip builds. Read More.
• Positive Sentiment: Capital return activity is notable — Broadcom is stepping up buybacks, which can support the share price by reducing float and signaling management confidence. Read More.
• Positive Sentiment: Product and roadmap news: Broadcom announced availability of the Taurus™ BCM83640, reinforcing its competitive position in networking and AI infrastructure components. Product cadence helps underwrite medium‑term revenue growth. Read More.
• Neutral Sentiment: Political/investor-interest signal: multiple members of Congress disclosed buys of AVGO — a datapoint that can attract retail attention but is informational rather than a direct catalyst. Read More.
• Negative Sentiment: Institutional trimming: Ameriprise disclosed a ~6.6% reduction in its AVGO position, a small headwind that could add selling pressure if other large holders follow suit. Read More.

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.