Johnson Financial Group Inc. Boosts Position in Broadcom Inc. $AVGO

Johnson Financial Group Inc. increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,305 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,995 shares during the period. Broadcom comprises approximately 0.5% of Johnson Financial Group Inc.’s holdings, making the stock its 24th largest holding. Johnson Financial Group Inc.’s holdings in Broadcom were worth $13,627,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. JCIC Asset Management Inc. bought a new stake in Broadcom in the 3rd quarter valued at $31,000. Longfellow Investment Management Co. LLC bought a new stake in Broadcom in the 2nd quarter worth approximately $27,000. Teachers Insurance & Annuity Association of America purchased a new stake in Broadcom in the second quarter worth $28,000. Manning & Napier Advisors LLC purchased a new position in Broadcom in the 3rd quarter valued at approximately $34,000. Finally, New England Capital Financial Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter valued at approximately $31,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Performance

NASDAQ:AVGO opened at $335.97 on Friday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. The firm has a market cap of $1.59 trillion, a price-to-earnings ratio of 65.62, a price-to-earnings-growth ratio of 0.78 and a beta of 1.22. The firm’s fifty day moving average price is $333.24 and its 200 day moving average price is $344.15. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73.

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

Broadcom Announces Dividend

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

Insider Buying and Selling

In other Broadcom news, CFO Kirsten M. Spears sold 30,000 shares of the 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 completion of the sale, the chief financial officer directly owned 277,237 shares of the company’s stock, valued at $96,428,573.34. This represents a 9.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $326.02, for a total value of $42,382,600.00. Following the completion of the transaction, the chief executive officer owned 595,638 shares of the company’s stock, valued at approximately $194,189,900.76. This trade represents a 17.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 458,785 shares of company stock valued at $155,508,157 over the last ninety days. 1.90% of the stock is owned by corporate insiders.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Morgan Stanley raised its price target on AVGO to $470 and kept an Overweight rating after Broadcom’s strong quarterly print, reinforcing buy-side conviction. Morgan Stanley Raises PT on Broadcom
• Positive Sentiment: Broadcom began shipping a market-leading 102.4 Tbps switch (Tomahawk 6 family), strengthening its position in AI-scale networking hardware. Broadcom Now Shipping World’s First 102.4 Tbps Switch
• Positive Sentiment: Product wins for AI networking continued with Broadcom’s 3nm 400G/lane optical DSP (Taurus BCM83640), enabling higher-bandwidth transceivers for AI data centers. Broadcom Delivers Industry’s First 400G/lane Optical DSP
• Positive Sentiment: Broadcom has publicly forecasted an addressable AI-chip opportunity (reports cite >$100B in AI chip sales in 2027), supporting longer-term revenue upside and market-share gains vs. peers. Broadcom Rises on AI Chip Sales Forecasts for 2027
• Positive Sentiment: Coverage and bullish commentary (Seeking Alpha, Yahoo Finance) highlight new liquid-cooled XPUs and optics as additional catalysts that triggered recent rallies. Broadcom Is Up After Liquid-Cooled AI XPUs & 400G Optics
• Neutral Sentiment: Broadcom honored channel partners (11:11 Systems named VMware Cloud Service Provider Partner of the Year), a routine corporate recognition with limited stock impact. 11:11 Systems Named Broadcom VMware Cloud Service Provider Partner of the Year
• Neutral Sentiment: Published short-interest figures in recent data appear erroneous (reported as zero shares); no clear signal of elevated short pressure. (Likely a data/reporting issue.)
• Negative Sentiment: Despite positive catalysts, AVGO carries a rich valuation (P/E ~65) and is trading below its 200‑day moving average — factors that can prompt profit-taking or restraint from value-oriented funds and help explain intraday softness.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AVGO shares. The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 price target on shares of Broadcom in a report on Monday, January 5th. Piper Sandler reaffirmed an “overweight” rating and set a $430.00 price objective (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadcom in a report on Monday, December 29th. Citigroup lifted their price objective on shares of Broadcom from $458.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.

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.