Kinetic Partners Management LP Decreases Stake in Broadcom Inc. $AVGO

Kinetic Partners Management LP lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 66.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,911 shares of the semiconductor manufacturer’s stock after selling 261,400 shares during the period. Broadcom makes up approximately 2.1% of Kinetic Partners Management LP’s portfolio, making the stock its 22nd biggest holding. Kinetic Partners Management LP’s holdings in Broadcom were worth $43,519,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC grew its stake in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares during the period. United Bank increased its position in shares of Broadcom by 76.5% during the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock valued at $392,000 after purchasing an additional 1,014 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Broadcom by 10.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock valued at $3,499,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Capital & Planning LLC raised its stake in shares of 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 period. 76.43% of the stock is owned by institutional investors.

Broadcom Trading Up 0.9%

Shares of AVGO opened at $324.92 on Tuesday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. The business has a 50-day moving average of $332.36 and a 200 day moving average of $345.10. The firm has a market cap of $1.54 trillion, a P/E ratio of 63.46, a price-to-earnings-growth ratio of 0.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company’s revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. As a group, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors 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 dividend payout ratio is presently 50.78%.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 70,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 132,836 shares of the company’s stock, valued at $46,133,942.80. The trade was a 34.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harry L. You bought 1,000 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were bought at an average price of $325.13 per share, for a total transaction of $325,130.00. Following the transaction, the director owned 36,602 shares of the company’s stock, valued at approximately $11,900,408.26. This represents a 2.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 429,844 shares of company stock worth $145,624,987 in the last ninety days. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several research reports. Zacks Research lowered shares of Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Mizuho set a $480.00 price objective on shares of Broadcom and gave the stock an “outperform” rating in a research report on Friday, January 9th. DA Davidson upgraded shares of Broadcom to a “hold” rating in a research note on Friday, February 13th. Oppenheimer increased their target price on shares of Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Piper Sandler restated an “overweight” rating and set a $430.00 price target (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom has an average rating of “Moderate Buy” and an average target price of $435.30.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street remains highly bullish — nearly all covering analysts rate AVGO Buy and median price targets sit well above the current level, supporting upside expectations. Read More.
• Positive Sentiment: Company fundamentals and guidance are backing the AI story: recent quarterly results beat estimates, Broadcom reported large AI revenue (reported ~$12B FY25) and guided substantial AI revenue for the quarter — commentary that validates continued demand from hyperscalers and AI custom chip builds. Read More.
• Positive Sentiment: Capital return activity is notable — Broadcom is stepping up buybacks, which can support the share price by reducing float and signaling management confidence. Read More.
• Positive Sentiment: Product and roadmap news: Broadcom announced availability of the Taurus™ BCM83640, reinforcing its competitive position in networking and AI infrastructure components. Product cadence helps underwrite medium‑term revenue growth. Read More.
• Neutral Sentiment: Political/investor-interest signal: multiple members of Congress disclosed buys of AVGO — a datapoint that can attract retail attention but is informational rather than a direct catalyst. Read More.
• Negative Sentiment: Institutional trimming: Ameriprise disclosed a ~6.6% reduction in its AVGO position, a small headwind that could add selling pressure if other large holders follow suit. Read More.

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.