Westfield Capital Management Co. LP Sells 169,780 Shares of Broadcom Inc. $AVGO

Westfield Capital Management Co. LP trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO) by 12.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,166,362 shares of the semiconductor manufacturer’s stock after selling 169,780 shares during the quarter. Broadcom comprises 1.6% of Westfield Capital Management Co. LP’s portfolio, making the stock its 11th biggest holding. Westfield Capital Management Co. LP’s holdings in Broadcom were worth $384,795,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AVGO. Brighton Jones LLC lifted its holdings in Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after acquiring an additional 756 shares during the period. United Bank boosted its holdings in Broadcom by 76.5% in the first quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock valued at $392,000 after acquiring an additional 1,014 shares during the last quarter. Sivia Capital Partners LLC increased its position in Broadcom by 10.1% in the second quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock worth $3,499,000 after purchasing an additional 1,160 shares during the period. Finally, Capital & Planning LLC raised its holdings in Broadcom by 10.5% during the 2nd quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock worth $1,098,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In other news, Director Henry Samueli sold 320,316 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $400.53, for a total value of $128,296,167.48. Following the completion of the sale, the director owned 37,326,540 shares of the company’s stock, valued at approximately $14,950,399,066.20. This represents a 0.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 38,281 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.65, for a total transaction of $12,542,769.65. Following the transaction, the insider owned 266,494 shares in the company, valued at approximately $87,316,759.10. The trade was a 12.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 779,101 shares of company stock worth $283,804,325 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Up 2.1%

NASDAQ:AVGO opened at $332.31 on Thursday. The stock has a 50-day simple moving average of $336.92 and a 200 day simple moving average of $342.35. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $414.61. The company has a market cap of $1.58 trillion, a PE ratio of 69.81, a PEG ratio of 1.04 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 (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The company had revenue of $18.02 billion for 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 firm’s revenue was up 28.2% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. On average, sell-side analysts expect 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. Shareholders of record on Monday, December 22nd were paid a $0.65 dividend. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, December 22nd. Broadcom’s dividend payout ratio is 54.62%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AVGO. Rosenblatt Securities lifted their price target on shares of Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the stock a “buy” rating in a report on Friday, December 12th. Oppenheimer increased their price target on Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Morgan Stanley lifted their price objective on Broadcom from $443.00 to $462.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Finally, Truist Financial increased their target price on Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $433.13.

Key Broadcom News

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 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.