Broadcom Inc. $AVGO Shares Acquired by Westpac Banking Corp

Westpac Banking Corp raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,817 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,801 shares during the quarter. Broadcom makes up 2.3% of Westpac Banking Corp’s portfolio, making the stock its 7th largest holding. Westpac Banking Corp’s holdings in Broadcom were worth $37,219,000 as of its most recent filing with the SEC.

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

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Jefferies reaffirmed its Buy rating and keeps a $500 price target, highlighting Broadcom’s leadership in AI and networking which supports upside expectations. Broadcom Inc. (AVGO) Leads AI and Networking Expansion, Jefferies Reaffirms Buy
• Positive Sentiment: Broadcom announced shipments of a 2nm custom compute SoC and launched BroadPeak (radio/5G-6G), reinforcing tech leadership in AI datacenter and telecom markets that could sustain revenue/margin expansion. Broadcom’s 2nm SoC And BroadPeak Aim At AI And 6G Growth
• Positive Sentiment: Analyst consensus price-target momentum remains elevated (median analyst 12‑month target cited near $454), reflecting expectations that AI-driven revenue growth will re-rate the shares 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: Market positioning ahead of Q1: multiple previews expect record revenue driven by AI chips and VMware, but warn margin pressure and valuation leave outcomes binary — earnings could trigger a big swing. Broadcom Q1 Preview: Record Revenue Expected, But Stock Is Looking ‘On the Ropes’
• Neutral Sentiment: Traders expect elevated post-earnings volatility (big potential intraday move), increasing the chance of sharp price action regardless of beat/miss. Here’s How Much Traders Expect Broadcom Stock To Move After Earnings
• Negative Sentiment: Royal Bank of Canada cut its price target to $340 and moved to sector perform, flagging more limited near-term upside and contributing downward pressure on the stock. Royal Bank Of Canada Issues Pessimistic Forecast for Broadcom (NASDAQ:AVGO) Stock Price
• Negative Sentiment: SEC filing-based reports show CEO Hock E. Tan’s 2025 pay disclosed at roughly $205M and heavy insider selling activity highlighted by data aggregators — governance and large sales can weigh sentiment. Broadcom Inc. ($AVGO) CEO 2025 Pay Revealed
• Negative Sentiment: High-profile commentators (e.g., Jim Cramer) warned the name is “too hard to own” right now, reflecting caution around valuation, concentration and near-term execution. Jim Cramer on Broadcom: “This Is One of Those That’s Just Too Hard to Own Right Now”

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 130,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 595,638 shares of the company’s stock, valued at approximately $194,189,900.76. This represents a 17.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 38,281 shares of Broadcom stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total transaction of $12,542,769.65. Following the completion of the transaction, the insider directly owned 266,494 shares in the company, valued at approximately $87,316,759.10. The trade was a 12.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 779,101 shares of company stock valued at $283,804,325 over the last 90 days. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on AVGO. Piper Sandler reiterated an “overweight” rating and set a $430.00 price target (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Morgan Stanley lifted their target price on Broadcom from $443.00 to $462.00 and gave the company an “overweight” rating 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. Truist Financial boosted their price target on shares of Broadcom from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Zacks Research upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $432.13.

Broadcom Stock Down 1.6%

Shares of NASDAQ:AVGO opened at $313.84 on Wednesday. The company has a 50 day moving average price of $335.17 and a two-hundred day moving average price of $342.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. The company has a market capitalization of $1.49 trillion, a PE ratio of 65.93, a PEG ratio of 1.02 and a beta of 1.22. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The firm’s revenue was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 EPS. Analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.65 per share. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.

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.