Martingale Asset Management L P Increases Stock Position in Broadcom Inc. $AVGO

Martingale Asset Management L P boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1,058.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 53,167 shares of the semiconductor manufacturer’s stock after acquiring an additional 48,577 shares during the period. Martingale Asset Management L P’s holdings in Broadcom were worth $17,540,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in Broadcom during the third quarter worth $109,397,000. Betterment LLC increased its stake in Broadcom by 13.8% in the third quarter. Betterment LLC now owns 1,690 shares of the semiconductor manufacturer’s stock valued at $558,000 after purchasing an additional 205 shares in the last quarter. Ulland Investment Advisors LLC grew its position in Broadcom by 10.1% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,015 shares of the semiconductor manufacturer’s stock valued at $335,000 after purchasing an additional 93 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Broadcom by 499.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer’s stock valued at $1,858,789,000 after purchasing an additional 4,694,313 shares during the last quarter. Finally, Acorns Advisers LLC boosted its holdings in Broadcom by 11.5% in the third quarter. Acorns Advisers LLC now owns 5,466 shares of the semiconductor manufacturer’s stock valued at $1,803,000 after purchasing an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 38,281 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $327.65, for a total value of $12,542,769.65. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 130,000 shares of the firm’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 458,785 shares of company stock worth $155,508,157 over the last quarter. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Rosenblatt Securities upped their price objective on shares of Broadcom from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Wells Fargo & Company raised shares of Broadcom from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $410.00 to $430.00 in a research note on Thursday, January 15th. KeyCorp reaffirmed 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. Finally, Raymond James Financial set a $420.00 target price on Broadcom and gave the company an “outperform” rating in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and a consensus target price of $435.30.

Broadcom Stock Down 1.6%

Shares of NASDAQ AVGO opened at $335.97 on Friday. 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 52 week low of $138.10 and a 52 week high of $414.61. The stock’s fifty day moving average is $333.24 and its 200 day moving average is $344.15. The stock has a market capitalization of $1.59 trillion, a P/E ratio of 65.62, a PEG ratio of 0.78 and a beta of 1.22.

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

Broadcom Announces Dividend

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

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom rolled out a 3nm 400G/lane optical PAM‑4 DSP (Taurus BCM83640), positioned for 1.6T transceivers and next‑gen AI networks — this strengthens Broadcom’s addressable market in datacenter optics and bandwidth-critical AI infrastructure. Broadcom Delivers Industry’s First 400G/lane Optical DSP for Next‑Generation AI Networks
• Positive Sentiment: Broadcom announced it is shipping the world’s first 102.4 Tbps switch (Tomahawk 6 family), a product aimed at scale‑out/scale‑up AI clusters — enhances competitive positioning vs. peers in hyperscale networking. Broadcom Now Shipping World’s First 102.4 Tbps Switch in Production Volume
• Positive Sentiment: Coverage highlights liquid‑cooled AI XPUs and 400G optics as drivers of a renewed bull case; media reports note these product wins helped lift sentiment and earlier intraday gains. Broadcom (AVGO) Is Up 7.6% After Liquid‑Cooled AI XPUs And 400G Optics Push Has The Bull Case Changed?
• Positive Sentiment: Analysts and commentators are bullish: Reuters/InsiderMonkey coverage of Broadcom forecasting >$100B in AI chip sales by 2027 has fueled upside expectations; RBC and other outlets have raised targets/ratings recently. Broadcom (AVGO) Rises on AI Chip Sales Forecasts for 2027
• Neutral Sentiment: Broadcom recognized channel/partner success (11:11 Systems named Broadcom VMware Cloud Service Provider Partner of the Year) — supportive for execution but not market-moving on its own. 11:11 Systems Named Broadcom VMware Cloud Service Provider Partner of the Year 2025
• Neutral Sentiment: Short‑interest reports in the feed show anomalous/zero values (NaN/0 shares) — the data appears unreliable and is not a meaningful driver of today’s trade. (No actionable link)
• Negative Sentiment: After a multi‑day rally on AI optimism, today’s pullback likely reflects short‑term profit‑taking and technical resistance — combined with a high forward valuation that may make traders quicker to trim positions.

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.