US Bancorp DE Acquires 11,840 Shares of Broadcom Inc. $AVGO

US Bancorp DE increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund owned 1,258,662 shares of the semiconductor manufacturer’s stock after acquiring an additional 11,840 shares during the quarter. US Bancorp DE’s holdings in Broadcom were worth $435,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AVGO. Arrowstreet Capital Limited Partnership grew its position in Broadcom by 499.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer’s stock worth $1,858,789,000 after purchasing an additional 4,694,313 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Broadcom by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock valued at $167,064,997,000 after buying an additional 3,919,715 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Broadcom by 47.5% during the fourth quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer’s stock valued at $3,406,211,000 after buying an additional 3,160,586 shares during the last quarter. Danske Bank A S bought a new stake in shares of Broadcom in the third quarter valued at about $987,488,000. Finally, Massachusetts Financial Services Co. MA grew its position in Broadcom by 41.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer’s stock worth $2,811,046,000 after buying an additional 2,503,304 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company raised Broadcom from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Rosenblatt Securities restated a “buy” rating and set a $500.00 price objective on shares of Broadcom in a research report on Tuesday, April 7th. Bank of America decreased their price target on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Wolfe Research raised shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a report on Friday, January 30th. Finally, Seaport Research Partners restated a “neutral” rating on shares of Broadcom in a research note on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and a consensus target price of $435.30.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 39,116 shares of Broadcom stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following the completion of the sale, the insider directly owned 74,626 shares of the company’s stock, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the sale, the chief financial officer owned 327,760 shares of the company’s stock, valued at approximately $105,407,616. The trade was a 9.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 324,282 shares of company stock worth $106,425,249. Company insiders own 1.90% of the company’s stock.

Broadcom Price Performance

Broadcom stock opened at $412.56 on Friday. The business’s fifty day moving average is $352.89 and its two-hundred day moving average is $351.28. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The firm has a market cap of $1.95 trillion, a P/E ratio of 80.58, a P/E/G ratio of 0.88 and a beta of 1.43. Broadcom Inc. has a 52 week low of $203.69 and a 52 week high of $437.68.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data 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 firm 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 posted $1.60 EPS. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. Equities research analysts forecast that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is currently 50.78%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Fisher Asset Management boosted its Broadcom stake by 847,157 shares, signaling institutional confidence and providing a partial counterweight to headline volatility. Fisher Asset Management boosts Broadcom stake
• Positive Sentiment: Analyst coverage and company commentary continue to highlight breakneck AI revenue growth and Broadcom’s repositioning as an AI infrastructure supplier, supporting the company’s longer-term growth thesis. Broadcom guidance reveals one signal getting unusual attention
• Neutral Sentiment: Broadcom continues to expand enterprise/government channel reach (evoila + Carahsoft partnership to deliver VMware by Broadcom services), which is steady, incremental revenue exposure but not a market-moving announcement on its own. evoila U.S. and Carahsoft Partner to Deliver VMware by Broadcom
• Neutral Sentiment: Sector pieces highlighting broader AI infrastructure winners and “pick-and-shovel” plays imply Broadcom could benefit from wider capex across networking, packaging and silicon supply chains, but these are thematic tailwinds rather than immediate catalysts. The Next Phase of the AI Boom Could Be Even Kinder to the Pick-and-Shovel Plays
• Negative Sentiment: Major near-term negative: reporting says Broadcom’s $18B custom AI chip arrangement with OpenAI has hit a financing roadblock, calling into question timing, revenue recognition and Broadcom’s exposure to a single large customer order; market reaction followed with an immediate share pullback. Broadcom OpenAI Financing Snag Puts AI Growth And Valuation In Focus Broadcom Stock (AVGO) Slides after $18B OpenAI Custom Chip Deal Hits Major Financing Snag
• Negative Sentiment: Regulatory disclosure shows Senator Shelley Moore Capito sold AVGO shares in a recent filing; while routine, any public sell disclosures can add to near-term sentiment pressure. Congress Trade: Senator Shelley Moore Capito Just Disclosed New Stock Trades

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.