William Blair Investment Management LLC Cuts Stake in Broadcom Inc. $AVGO

William Blair Investment Management LLC lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,536,611 shares of the semiconductor manufacturer’s stock after selling 274,513 shares during the quarter. Broadcom comprises about 2.4% of William Blair Investment Management LLC’s investment portfolio, making the stock its 7th biggest position. William Blair Investment Management LLC owned approximately 0.05% of Broadcom worth $877,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Catalyst Funds Management Pty Ltd raised its holdings in shares of Broadcom by 209.6% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 87,920 shares of the semiconductor manufacturer’s stock valued at $30,429,000 after purchasing an additional 59,520 shares in the last quarter. Darden Wealth Group Inc raised its holdings in shares of Broadcom by 9.3% during the 4th quarter. Darden Wealth Group Inc now owns 22,209 shares of the semiconductor manufacturer’s stock valued at $7,687,000 after purchasing an additional 1,891 shares in the last quarter. Clune & Associates LTD. raised its holdings in shares of Broadcom by 7.7% during the 4th quarter. Clune & Associates LTD. now owns 1,580 shares of the semiconductor manufacturer’s stock valued at $547,000 after purchasing an additional 113 shares in the last quarter. Hartline Investment Corp raised its holdings in shares of Broadcom by 3.6% during the 4th quarter. Hartline Investment Corp now owns 5,379 shares of the semiconductor manufacturer’s stock valued at $1,862,000 after purchasing an additional 186 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Broadcom by 0.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 138,077 shares of the semiconductor manufacturer’s stock valued at $47,788,000 after purchasing an additional 832 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

NASDAQ AVGO opened at $426.58 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $380.90 and a 200 day simple moving average of $357.94. The company has a market cap of $2.02 trillion, a P/E ratio of 83.32, a P/E/G ratio of 0.87 and a beta of 1.43. Broadcom Inc. has a 1 year low of $234.90 and a 1 year high of $442.36.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. Broadcom’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. On average, sell-side analysts predict that Broadcom Inc. will post 9.91 EPS for the current year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of recent research reports. UBS Group restated a “buy” rating and set a $490.00 price target (up from $475.00) on shares of Broadcom in a report on Monday, May 18th. Benchmark reaffirmed a “buy” rating and set a $485.00 price objective on shares of Broadcom in a report 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 objective for the company in a report on Friday, January 30th. Mizuho reaffirmed an “outperform” rating and set a $480.00 price objective on shares of Broadcom in a report on Thursday, April 16th. Finally, Evercore reaffirmed an “outperform” rating and set a $582.00 price objective on shares of Broadcom in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $454.55.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled new BCM68850 and Wi‑Fi 8 home gateway products that combine 50G fiber, an on-chip NPU, and edge-AI capabilities, strengthening its position in next-generation consumer networking and AI-at-the-edge use cases. Article: Broadcom’s BCM68850 Boosts AVGO’s Edge AI Push: More Upside Ahead?
• Positive Sentiment: Broadcom announced a partnership with Samsung Electronics to launch an integrated 5G and Wi‑Fi 8 fixed wireless access platform, expanding its broadband footprint and supporting demand for its networking silicon. Article: Broadcom Unveils World’s First Integrated 5G and Wi-Fi 8 FWA Platform in Collaboration with Samsung Electronics
• Positive Sentiment: Broadcom also launched what it says are the industry’s first integrated Wi‑Fi 8 SoCs for mesh and multi-gigabit routers, adding another catalyst for its connectivity and home-networking business. Article: Broadcom Delivers Industry’s First Integrated Wi-Fi 8 SoCs to Power Next-Gen Mesh and Multi-Gigabit Routers
• Positive Sentiment: Evercore ISI raised its price target on Broadcom and kept an Outperform rating, reflecting confidence in the company’s AI infrastructure opportunity and supporting the stock’s momentum. Article: Broadcom (AVGO) Could Be Positioned For The Next Big Shift In AI Infrastructure
• Positive Sentiment: Analyst commentary continues to frame Broadcom as a “safe” long-term AI and networking holding, which may be helping sentiment as the stock approaches recent highs. Article: AI Can’t Reach the Real World Without These 3 Stocks
• Neutral Sentiment: The stock is also drawing attention because it is trading near its 52-week high ahead of earnings, which may keep volatility elevated as investors weigh whether the current valuation is fully priced in. Article: Broadcom Nearing 52-Week High: Buy, Sell or Hold?

Insider Buying and Selling

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the sale, the director directly owned 32,352 shares in the company, valued at $11,592,045.12. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the sale, the insider owned 278,141 shares in the company, valued at $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is currently owned by corporate insiders.

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.