Broadcom Inc. $AVGO Shares Sold by Deepwater Asset Management LLC

Deepwater Asset Management LLC lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 90.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,550 shares of the semiconductor manufacturer’s stock after selling 49,953 shares during the quarter. Broadcom accounts for 0.7% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Deepwater Asset Management LLC’s holdings in Broadcom were worth $1,831,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC purchased a new stake in Broadcom in the 2nd quarter valued at approximately $27,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $28,000. New England Capital Financial Advisors LLC purchased a new stake in shares of Broadcom in the second quarter valued at approximately $31,000. JCIC Asset Management Inc. purchased a new stake in shares of Broadcom in the third quarter valued at approximately $31,000. Finally, Manning & Napier Advisors LLC acquired a new position in Broadcom during the third quarter worth $34,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Jefferies reaffirmed a Buy rating with a $500 price target, highlighting Broadcom’s leadership in AI chips and networking — a bullish signal for long‑term growth expectations. Broadcom Inc. (AVGO) Leads AI and Networking Expansion, Jefferies Reaffirms Buy
• Positive Sentiment: Product momentum: Broadcom announced shipments of a 2nm custom compute SoC and launched BroadPeak RF front‑end chips targeting AI clusters and future 6G telecom infrastructure — supports revenue growth in data center and telecom end markets. Broadcom’s 2nm SoC And BroadPeak Aim At AI And 6G Growth
• Positive Sentiment: Street targets remain elevated: analyst consensus/coverage implies a substantially higher 12‑month target (around $450–$454), reflecting expectations that AI semiconductor revenue growth could drive a re‑rating over the next 12 months. Broadcom (AVGO) Is Trading 25% Below Its Recent High: Here’s Why $454 Is the 12-Month Price Target
• Neutral Sentiment: Near‑term catalyst: Q1 earnings are due after the close tomorrow — consensus expects record revenue driven by AI chips and VMware, but the print will be watched closely for margins and guidance. That report is the likely proximate cause of today’s volatility. Broadcom (AVGO) To Report Earnings Tomorrow: Here Is What To Expect
• Neutral Sentiment: Earnings previews highlight strong semiconductor revenue (AI demand) but warn of margin pressure as higher mix of XPU/networking sales could compress near‑term margins — mixed implications for the quarter. Buy Broadcom Stock as Q1 Results Approach or Choose Nvidia Instead?
• Negative Sentiment: Governance/insider signal: a new filing and QuiverQuant summary show CEO Hock E. Tan’s 2025 pay disclosed near $205M and heavy insider selling activity across senior executives — a potential investor concern on optics and alignment. Broadcom Inc. ($AVGO) CEO 2025 Pay Revealed
• Negative Sentiment: Royal Bank of Canada cut its price target to $340 and moved to “sector perform,” signaling some near‑term skepticism on upside from current levels. Benzinga coverage of RBC cut
• Negative Sentiment: Market/flow cautions: commentators including Jim Cramer and valuation checks note the stock is “hard to own” right now due to stretched multiples and recent pullback — amplifies selling pressure into the earnings event. Jim Cramer on Broadcom: “This Is One of Those That’s Just Too Hard to Own Right Now”

Broadcom Stock Performance

Shares of AVGO opened at $313.84 on Wednesday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61. The stock has a market cap of $1.49 trillion, a P/E ratio of 65.93, a PEG ratio of 1.02 and a beta of 1.22. 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 company has a 50-day moving average of $335.17 and a two-hundred day moving average of $342.86.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $17.46 billion. During the same period last year, the company posted $1.42 EPS. The company’s revenue was up 28.2% on a year-over-year basis. As a group, research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend 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 payout ratio is presently 54.62%.

Analyst Ratings Changes

A number of research firms have commented on AVGO. TD Cowen reissued a “buy” rating on shares of Broadcom in a report on Friday, December 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $475.00 price objective (up from $400.00) on shares of Broadcom in a research note on Friday, December 12th. Citigroup reissued a “buy” rating and set a $458.00 price objective (down from $480.00) on shares of Broadcom in a report on Tuesday, February 17th. The Goldman Sachs Group restated a “buy” rating and set a $450.00 target price on shares of Broadcom in a research report on Monday, January 5th. Finally, Bank of America lifted their price target on shares of Broadcom from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $432.13.

Insiders Place Their Bets

In related news, insider Charlie B. Kawwas sold 1,928 shares of Broadcom stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total transaction of $631,998.40. Following the completion of the sale, the insider owned 23,582 shares in the company, valued at approximately $7,730,179.60. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 30,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the completion of the transaction, the insider directly owned 210,573 shares of the company’s stock, valued at $73,094,099.76. The trade was a 12.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 779,101 shares of company stock valued at $283,804,325. Insiders own 2.00% of the company’s stock.

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.