Summitry LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 79.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,013 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,104 shares during the period. Summitry LLC’s holdings in Broadcom were worth $2,314,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. JCIC Asset Management Inc. bought a new stake in shares of Broadcom in the 3rd quarter valued at approximately $31,000. Longfellow Investment Management Co. LLC acquired a new position in Broadcom in the second quarter worth $27,000. Teachers Insurance & Annuity Association of America bought a new stake in Broadcom during the second quarter valued at $28,000. Manning & Napier Advisors LLC acquired a new stake in shares of Broadcom during the third quarter worth $34,000. Finally, LGT Financial Advisors LLC bought a new position in shares of Broadcom in the 2nd quarter worth about $31,000. Institutional investors own 76.43% of the company’s stock.
More Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Jim Cramer mentioned Broadcom among notable technology names and coverage interest (DA Davidson initiation) underscores continued investor attention and positive sentiment around Broadcom’s mix of chips and enterprise software. Jim Cramer Linked Broadcom (AVGO) & Computer Storage Stocks
- Positive Sentiment: Coverage notes Broadcom is outpacing broader market gains and benefiting from the AI infrastructure spending cycle, supporting near-term demand expectations. Broadcom Inc. (AVGO) outpaces stock market gains: What you should know
- Neutral Sentiment: Analyses point to a consolidation phase — shares have pulled back from highs but AI demand from large cloud buyers could underpin recovery; outlook is range-bound for now. Where Will Broadcom Stock Be in 1 Year?
- Neutral Sentiment: Several pieces reassess valuation after the pullback — investors are debating whether premium multiples (high P/E) already price in AI growth, leaving valuation as a key gating factor. Is It Too Late To Consider Broadcom (AVGO) After Its Strong Multi‑Year Share Price Run?
- Neutral Sentiment: Reported short-interest data appears anomalous/low in recent filings and is not currently creating meaningful days-to-cover pressure. (internal short-interest entry)
- Negative Sentiment: Barron’s reports Meta’s big commitment to Nvidia reduces an addressable opportunity for Broadcom in certain AI chips, increasing competitive risk from Nvidia. Nvidia Gets Big Commitment From Meta. What It Means for the Broadcom Threat.
- Negative Sentiment: At least one analyst warns Broadcom faces structural risks (“sitting on a sinking iceberg”) tied to margin pressure and execution, which could weigh on multiple expansion. Broadcom is ‘sitting on a sinking iceberg.’ Why 1 analyst is warning on AVGO stock here
- Negative Sentiment: Analysts flag a story shift: while AI hopes support revenue tailwinds, margin concerns and high expectations increase downside risk if growth or pricing softens. Why Analysts See Broadcom (AVGO) Story Shifting On AI Hopes And Margin Concerns
Analyst Upgrades and Downgrades
Broadcom Trading Up 0.3%
NASDAQ:AVGO opened at $333.51 on Thursday. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 70.07, a PEG ratio of 1.07 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The business has a fifty day moving average of $339.29 and a 200-day moving average of $341.27.
Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping 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 net margin of 36.20% and a return on equity of 37.45%. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.42 earnings per share. Equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.
Broadcom Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.65 per share. This is a boost 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 54.62%.
Insider Activity
In other Broadcom news, insider Mark David Brazeal sold 30,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the completion of the transaction, the insider directly owned 210,573 shares of the company’s stock, valued at approximately $73,094,099.76. This trade represents a 12.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harry L. You acquired 1,000 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was purchased at an average cost of $325.13 per share, for a total transaction of $325,130.00. Following the purchase, the director directly owned 36,602 shares in the company, valued at approximately $11,900,408.26. This represents a 2.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 779,101 shares of company stock valued at $283,804,325 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
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.
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