Connor Clark & Lunn Investment Management Ltd. Buys 113,573 Shares of Broadcom Inc. $AVGO

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 30.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,748 shares of the semiconductor manufacturer’s stock after purchasing an additional 113,573 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Broadcom were worth $160,583,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Counsel LLC NY acquired a new stake in Broadcom in the second quarter worth $221,000. Waterloo Capital L.P. raised its holdings in shares of Broadcom by 7.0% during the second quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer’s stock valued at $13,331,000 after purchasing an additional 3,180 shares during the period. Providence First Trust Co raised its holdings in shares of Broadcom by 1,099.3% during the third quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer’s stock valued at $2,944,000 after purchasing an additional 8,179 shares during the period. Aspen Wealth Strategies LLC boosted its position in shares of Broadcom by 174.7% during the 2nd quarter. Aspen Wealth Strategies LLC now owns 23,673 shares of the semiconductor manufacturer’s stock worth $6,525,000 after purchasing an additional 15,055 shares in the last quarter. Finally, RiverFront Investment Group LLC grew its stake in shares of Broadcom by 107.6% in the 2nd quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer’s stock valued at $4,555,000 after buying an additional 8,566 shares during the period. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark David Brazeal sold 38,281 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total transaction of $12,542,769.65. Following the completion of the sale, the insider owned 266,494 shares in the company, valued at approximately $87,316,759.10. This trade represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kirsten M. Spears sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the sale, the chief financial officer owned 277,237 shares of the company’s stock, valued at $96,428,573.34. This trade represents a 9.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 458,785 shares of company stock valued at $155,508,157. 1.90% of the stock is owned by insiders.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom announced an industry-first 3nm 400G/lane optical PAM‑4 DSP (Taurus BCM83640) aimed at 1.6T transceivers and next‑gen AI networks — a direct product win into hyperscale AI data centers with meaningful TAM and upside for networking revenue. Broadcom Delivers Industry’s First 400G/lane Optical DSP
• Positive Sentiment: Management boosted forward AI visibility — saying chip-only AI revenue could exceed $100B in 2027 after a strong Q1 beat and raised guidance — supporting higher analyst targets and long‑term growth expectations. Broadcom’s AI momentum could be far from over (MarketBeat)
• Positive Sentiment: Wall Street and independent shops turned more constructive after the quarter — RBC lifted its price target and multiple research notes (Aletheia, Zacks, others) reiterated Buy/momentum views, which buoy medium‑term sentiment. RBC Lifts Broadcom Price Target
• Neutral Sentiment: Ongoing AI conferences and industry coverage (GTC, buy lists) keep Broadcom in focus as an AI infrastructure leader, but these are background catalysts rather than single‑day drivers. AI Titans at GTC 2026 (247WallSt)
• Neutral Sentiment: Short‑interest notices in recent filings contain anomalous zero/NaN figures, so there’s no clear short‑squeeze signal to move the stock based on the published data.
• Negative Sentiment: Margin risk from rising memory prices and system shipments remains a concern — MarketBeat flagged potential gross‑margin pressure unless Broadcom maintains pricing power (e.g., higher charges to large AI customers). This keeps some investors cautious despite strong top‑line AI guidance. Broadcom margin and memory-price discussion (MarketBeat)
• Negative Sentiment: Peer strength (Marvell’s big beat and aggressive guidance) highlights competition in custom silicon and could cap near‑term upside as investors rotate among top AI infrastructure names. Marvell’s big earnings win (MarketBeat)

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AVGO shares. Piper Sandler reaffirmed an “overweight” rating and issued a $430.00 target price (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Robert W. Baird set a $420.00 price target on Broadcom in a report on Friday, December 12th. Morgan Stanley raised their price objective on Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Benchmark reaffirmed a “buy” rating and set a $485.00 target price on shares of Broadcom in a research report on Thursday, March 5th. Finally, Truist Financial increased their target price on Broadcom from $510.00 to $545.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $435.30.

Broadcom Stock Performance

AVGO stock opened at $341.57 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.62 trillion, a PE ratio of 66.71, a P/E/G ratio of 0.79 and a beta of 1.22. The business has a 50 day moving average of $333.44 and a 200-day moving average of $344.21. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61.

Broadcom (NASDAQ:AVGO) last issued 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. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same period last year, the company posted $1.60 earnings per share. Broadcom’s quarterly revenue was up 29.5% compared to the same quarter last year. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

About Broadcom

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.