Factory Mutual Insurance Co. Lowers Position in Broadcom Inc. $AVGO

Factory Mutual Insurance Co. trimmed its position in Broadcom Inc. (NASDAQ:AVGO) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 798,445 shares of the semiconductor manufacturer’s stock after selling 35,500 shares during the quarter. Broadcom accounts for 2.6% of Factory Mutual Insurance Co.’s portfolio, making the stock its 10th largest position. Factory Mutual Insurance Co.’s holdings in Broadcom were worth $263,415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd increased its holdings in Broadcom by 22.6% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 48,558 shares of the semiconductor manufacturer’s stock valued at $16,020,000 after buying an additional 8,944 shares during the period. Pekin Hardy Strauss Inc. bought a new position in shares of Broadcom during the 3rd quarter worth about $315,000. Clear Creek Financial Management LLC lifted its holdings in shares of Broadcom by 8.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 9,089 shares of the semiconductor manufacturer’s stock worth $2,999,000 after acquiring an additional 723 shares during the period. Mullooly Asset Management Inc. acquired a new stake in shares of Broadcom during the 3rd quarter valued at about $216,000. Finally, Alpha Financial Partners LLC increased its stake in Broadcom by 6.6% in the third quarter. Alpha Financial Partners LLC now owns 2,027 shares of the semiconductor manufacturer’s stock valued at $669,000 after acquiring an additional 125 shares during the period. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on AVGO shares. Wolfe Research upgraded shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price target for the company in a research note on Friday, January 30th. JPMorgan Chase & Co. upped their price objective on Broadcom from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Bank of America raised their target price on Broadcom from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Raymond James Financial set a $420.00 price target on Broadcom and gave the company an “outperform” rating in a research note on Thursday, November 20th. Finally, Truist Financial upped their price target on Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $433.13.

Broadcom Stock Down 0.4%

Shares of AVGO opened at $332.65 on Friday. The company has a market capitalization of $1.58 trillion, a P/E ratio of 69.88, a PEG ratio of 1.07 and a beta of 1.21. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The business’s 50 day simple moving average is $337.30 and its 200-day simple moving average is $341.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. The firm 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%.The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS. As a group, sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $0.65 per share. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio is currently 54.62%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom launched BroadPeak™, a next‑generation radio DFE SoC (5nm) for 5G Advanced and 6G massive MIMO that the company says cuts power by up to 40% and is shipping samples — a clear product catalyst for telco infrastructure revenue if adoption scales. Broadcom Introduces Industry’s First 6G Digital Front-End SoC for Massive MIMO
• Positive Sentiment: Analyst and commentary pieces are broadly constructive on Broadcom’s AI exposure and diversified revenue streams — several bullish analyst ratings and price targets (median ~$450) support upside expectations versus today’s price. (Analyst coverage cited across recent reports.)
• Positive Sentiment: Market commentary argues that AI capex volatility creates buying opportunities for hardware leaders like Broadcom as hyperscaler spending ramps, which can sustain multi‑year revenue growth. Broadcom: AI CapEx Panic Is Your Opportunity
• Neutral Sentiment: Broadcom reports a large AI backlog (reported ~US$73B) that underpins long‑term revenue visibility but has people debating whether the current multiple already prices that growth. That makes the stock sensitive to guidance and execution updates. Broadcom’s US$73b AI Backlog Puts Valuation And Risks In Focus
• Neutral Sentiment: Recent hedge‑fund activity is mixed — several firms (Woodline, Farallon, Owl Creek) added positions while others (D1 Capital, Altimeter, 3G Capital) trimmed — leaving institutional flows ambiguous for near‑term price direction. 3G Capital Partners Cuts 65,000 Broadcom Shares Stake
• Negative Sentiment: Elevated insider selling and large institutional reductions (e.g., a reported large Q4 trim by a major asset manager) increase near‑term downside risk if execution or guidance disappoints — investors watch insider/inst flows closely. (Quiver/filings summaries.)
• Negative Sentiment: Valuation concerns: multiple commentary pieces note Broadcom isn’t cheap today, so upside depends on continued strong execution, hyperscaler capex, and product adoption — any softness in guidance could pressure the shares. Broadcom Stock Isn’t Cheap. Why Bulls Still See Room to Run

Insider Activity

In other news, CEO Hock E. Tan sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total transaction of $24,311,000.00. Following the transaction, the chief executive officer directly owned 132,836 shares in the company, valued at approximately $46,133,942.80. This represents a 34.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harry L. You purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were bought at an average cost of $325.13 per share, for a total transaction of $325,130.00. Following the completion of the purchase, the director directly owned 36,602 shares of the company’s stock, valued at $11,900,408.26. The trade was a 2.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 779,101 shares of company stock worth $283,804,325. 2.00% of the stock is currently owned by 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.