Tounjian Advisory Partners LLC Cuts Holdings in Broadcom Inc. $AVGO

Tounjian Advisory Partners LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 14.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,208 shares of the semiconductor manufacturer’s stock after selling 2,702 shares during the quarter. Broadcom makes up 1.9% of Tounjian Advisory Partners LLC’s investment portfolio, making the stock its 8th largest holding. Tounjian Advisory Partners LLC’s holdings in Broadcom were worth $5,610,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Miller Global Investments LLC bought a new position in shares of Broadcom in the fourth quarter valued at approximately $31,000. JCIC Asset Management Inc. bought a new stake in shares of Broadcom during the 3rd quarter worth $31,000. Longfellow Investment Management Co. LLC acquired a new position in Broadcom in the 2nd quarter valued at $27,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom in the 2nd quarter valued at $28,000. Finally, Manning & Napier Advisors LLC bought a new position in Broadcom in the 3rd quarter worth $34,000. Institutional investors own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Bernstein upgraded Broadcom on AI exposure, prompting a rally as investors digested the firm’s expanding AI backlog and customer wins. This upgrade helped lift sentiment around AVGO. Bernstein Upgrade
• Positive Sentiment: Analysts and commentary argue Broadcom’s 2027 AI revenue target ($100B+) may be conservative; management’s disclosed GW customer commitments and secured component supply through 2028 suggest materially larger upside if deployments scale as expected. MarketBeat AI Revenue Analysis
• Positive Sentiment: Broadcom is expanding its AI and infrastructure product stack (3.5D XPU, 102.4T Ethernet switch, co-packaged optics) and launched Symantec CBX for security — moves that diversify software and AI infrastructure revenue streams. These product/portfolio updates support the long-term growth thesis. Product Launch
• Neutral Sentiment: Quarterly results showed upside to revenue and EPS with strong margins and guidance; this underpins investor confidence but is already priced in to some extent given the run-up in the stock. Earnings Snapshot
• Negative Sentiment: Management warned of tightening supply — notably that TSMC is reaching capacity limits — and flagged shortages in other critical components. That raises execution risk for meeting fast-growing AI demand and could pressure near-term deliveries and margins. Supply Constraints
• Negative Sentiment: European cloud providers filed an antitrust complaint over Broadcom’s VMware licensing changes, which could lead to regulatory scrutiny, litigation risk and potential revenue headwinds in EMEA if remedies or fines follow. EU Antitrust Complaint

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AVGO shares. Robert W. Baird set a $420.00 price target on shares of Broadcom in a report on Friday, December 12th. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Wolfe Research upgraded Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their target price on Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Finally, Truist Financial lifted their price target on Broadcom from $510.00 to $545.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Broadcom has an average rating of “Moderate Buy” and an average price target of $435.30.

Insider Buying and Selling

In related news, CEO Hock E. Tan sold 70,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total value of $24,311,000.00. Following the completion of the transaction, the chief executive officer directly owned 132,836 shares of the company’s stock, valued at $46,133,942.80. This trade represents a 34.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the sale, the chief financial officer owned 327,760 shares in the company, valued at $105,407,616. This represents a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 428,970 shares of company stock worth $142,585,321. 1.90% of the stock is currently owned by corporate insiders.

Broadcom Stock Performance

NASDAQ:AVGO opened at $322.51 on Tuesday. The firm’s 50-day moving average is $329.84 and its 200-day moving average is $345.72. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 62.99, a PEG ratio of 0.67 and a beta of 1.22. 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.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating 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 business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. During the same quarter last year, the company earned $1.60 earnings per share. The firm’s revenue was up 29.5% on a year-over-year basis. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

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.