Waddell & Associates LLC Increases Position in Broadcom Inc. $AVGO

Waddell & Associates LLC increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 46.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,029 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,593 shares during the quarter. Waddell & Associates LLC’s holdings in Broadcom were worth $1,659,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AVGO. Longfellow Investment Management Co. LLC acquired a new stake in Broadcom in the second quarter valued at $27,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Broadcom in the 2nd quarter worth about $28,000. New England Capital Financial Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter worth about $31,000. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom in the 3rd quarter valued at about $31,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Broadcom during the third quarter worth about $34,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts/strategists flag long-term AI tailwinds and adjusted valuations that support upside for AVGO; TD Cowen’s note highlighting AI-driven runway helped lift sentiment. TD Cowen Adjusts Broadcom Valuation
• Positive Sentiment: Broadcom launched “BroadPeak,” a new connectivity chip positioned for 5G Advanced/6G and lower power use; product news supports the company’s stated AI and connectivity growth narrative. BroadPeak Launch
• Positive Sentiment: Market commentary noted a near-term bump (AVGO up intraday) and analysts saying a larger move may be ahead, reinforcing momentum into the earnings catalyst. Invezz Article
• Positive Sentiment: Dividend continuity: Broadcom announced the next quarterly dividend payment date, supporting the income profile for shareholders. Dividend Announcement
• Neutral Sentiment: Upcoming earnings (quarterly report expected March 4) is the key near-term catalyst — Wall Street expects revenue/earnings growth, so results will likely drive the next leg of the move. Fool Preview
• Neutral Sentiment: Zacks and MarketBeat pieces lay out what to watch into earnings (AI revenue trajectory, semiconductor growth, guidance); they serve as checklists for the upcoming report rather than clear buys/sells. Zacks Earnings Preview
• Neutral Sentiment: Short-interest data published for February appears inconsistent/erroneous (shows zeros/NaN), so it’s not a reliable signal this cycle; treat short-interest moves with caution until corrected.
• Negative Sentiment: Hedge fund MIG Capital (Richard Merage) trimmed its Broadcom stake by 18,461 shares — a small selling signal that may amplify caution for some investors. MIG Capital Stake Trim
• Negative Sentiment: Some analyst commentary and previews suggest Broadcom may lack the specific combination of beats and upside in guidance to guarantee an earnings surprise, which raises downside risk into the report. Zacks Earnings Caution
• Negative Sentiment: Recent session-level weakness was reported in coverage notes, which could feed short-term profit-taking ahead of earnings. Zacks Market Note

Broadcom Stock Performance

AVGO opened at $332.31 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.58 trillion, a PE ratio of 69.81, a P/E/G ratio of 1.04 and a beta of 1.21. The business has a fifty day simple moving average of $336.92 and a 200-day simple moving average of $342.35. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, beating the consensus estimate of $1.87 by $0.08. The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.Broadcom’s revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 earnings per share. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.65 per share. This is an increase from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, December 22nd. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.

Analysts Set New Price Targets

Several brokerages recently weighed in on AVGO. TD Cowen reissued a “buy” rating on shares of Broadcom in a report on Friday, December 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 price target on shares of Broadcom in a report on Monday, January 5th. Zacks Research raised Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Barclays reaffirmed an “overweight” rating and issued a $500.00 price objective (up from $450.00) on shares of Broadcom in a report on Friday, December 12th. Finally, Rosenblatt Securities boosted their target price on shares of Broadcom from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $433.13.

Insiders Place Their Bets

In other Broadcom news, Director Harry L. You bought 1,000 shares of Broadcom stock in a transaction dated Thursday, December 18th. The stock was bought at an average price of $325.13 per share, for a total transaction of $325,130.00. Following the completion of the acquisition, the director directly owned 36,602 shares of the company’s stock, valued at approximately $11,900,408.26. This trade represents a 2.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 30,000 shares of Broadcom stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $347.12, for a total value of $10,413,600.00. Following the transaction, the insider owned 210,573 shares in the company, valued at $73,094,099.76. This represents a 12.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 779,101 shares of company stock worth $283,804,325 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

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.