Meiji Yasuda Asset Management Co Ltd. Purchases 1,526 Shares of Broadcom Inc. $AVGO

Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,145 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,526 shares during the quarter. Broadcom accounts for approximately 1.6% of Meiji Yasuda Asset Management Co Ltd.’s portfolio, making the stock its 7th largest holding. Meiji Yasuda Asset Management Co Ltd.’s holdings in Broadcom were worth $32,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Financial Services LLC grew its stake in shares of Broadcom by 5.4% during the 4th quarter. Commonwealth Financial Services LLC now owns 8,746 shares of the semiconductor manufacturer’s stock worth $3,027,000 after purchasing an additional 447 shares during the period. Resolute Wealth Strategies LLC grew its stake in shares of Broadcom by 4.1% during the 4th quarter. Resolute Wealth Strategies LLC now owns 1,483 shares of the semiconductor manufacturer’s stock worth $513,000 after purchasing an additional 58 shares during the period. Plan A Wealth LLC grew its stake in shares of Broadcom by 2.6% during the 4th quarter. Plan A Wealth LLC now owns 3,050 shares of the semiconductor manufacturer’s stock worth $1,056,000 after purchasing an additional 78 shares during the period. Magnolia Private Wealth LLC grew its stake in shares of Broadcom by 6.8% during the 4th quarter. Magnolia Private Wealth LLC now owns 1,050 shares of the semiconductor manufacturer’s stock worth $363,000 after purchasing an additional 67 shares during the period. Finally, Goldenstone Wealth Management LLC acquired a new stake in shares of Broadcom during the 4th quarter worth approximately $2,197,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity at Broadcom

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of Broadcom stock in a transaction on Friday, April 10th. The shares were sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the sale, the insider owned 57,932 shares of the company’s stock, valued at $21,464,964.64. The trade was a 12.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gayla J. Delly sold 1,000 shares of Broadcom stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total transaction of $358,310.00. Following the sale, the director directly owned 32,352 shares in the company, valued at approximately $11,592,045.12. This trade represents a 3.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 324,282 shares of company stock worth $106,425,249 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $422.01 on Wednesday. The firm has a market cap of $2.00 trillion, a PE ratio of 82.42, a PEG ratio of 0.86 and a beta of 1.43. The firm has a fifty day moving average of $376.86 and a 200 day moving average of $356.93. 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 Inc. has a one year low of $231.13 and a one year high of $442.36.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same quarter in the previous year, the firm earned $1.60 EPS. The firm’s revenue was up 29.5% compared to the same quarter last year. As a group, research analysts predict that Broadcom Inc. will post 9.91 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s payout ratio is 50.78%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first end-to-end 50G PON edge AI portfolio, led by the BCM68850 home gateway SoC with an integrated NPU and native Wi‑Fi 8 support, underscoring demand for its AI-enabled networking products. Article Title
• Positive Sentiment: Several articles highlighted Broadcom as a major beneficiary of AI infrastructure spending, with commentary pointing to strong custom silicon partnerships and growing confidence that hyperscalers will keep outsourcing specialized chips to AVGO. Article Title
• Positive Sentiment: Investor attention also turned to Broadcom after reports that billionaire Stanley Druckenmiller sold other AI names and bought Broadcom instead, a sentiment signal that can encourage more buying. Article Title
• Positive Sentiment: Broadcom was repeatedly framed as a core AI networking winner, with commentary suggesting the market is rewarding companies tied to the AI chip and infrastructure cycle. Article Title
• Neutral Sentiment: Analyst-style coverage ahead of Broadcom’s next earnings report is keeping attention on results and management commentary, but this is more of a watch item than an immediate stock driver. Article Title
• Neutral Sentiment: One commentary piece suggested Broadcom could have further upside if AI infrastructure demand keeps accelerating, but this was largely a valuation and price-target discussion rather than new company-specific news. Article Title

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AVGO. Benchmark reaffirmed a “buy” rating and set a $485.00 price objective on shares of Broadcom in a research note on Thursday, March 5th. Seaport Research Partners reaffirmed a “neutral” rating on shares of Broadcom in a research note on Wednesday, April 8th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $545.00 price objective (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. Wolfe Research raised shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price target for the company in a report on Friday, January 30th. Finally, UBS Group reissued a “buy” rating and issued a $490.00 price target (up from $475.00) on shares of Broadcom in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $448.10.

Broadcom 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.