Trust Co. of Vermont Has $12.27 Million Holdings in Broadcom Inc. $AVGO

Trust Co. of Vermont raised its position in Broadcom Inc. (NASDAQ:AVGO) by 102.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,463 shares of the semiconductor manufacturer’s stock after purchasing an additional 17,926 shares during the quarter. Trust Co. of Vermont’s holdings in Broadcom were worth $12,274,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AVGO. Providence First Trust Co increased its stake in Broadcom by 1,099.3% in the third quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer’s stock valued at $2,944,000 after purchasing an additional 8,179 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Broadcom by 3.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer’s stock valued at $109,492,000 after purchasing an additional 10,786 shares in the last quarter. Lmcg Investments LLC increased its stake in Broadcom by 9.4% in the third quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer’s stock valued at $12,854,000 after purchasing an additional 3,357 shares in the last quarter. AQR Capital Management LLC increased its stake in Broadcom by 13.3% in the second quarter. AQR Capital Management LLC now owns 3,877,709 shares of the semiconductor manufacturer’s stock valued at $1,063,501,000 after purchasing an additional 455,851 shares in the last quarter. Finally, Wright Investors Service Inc. increased its stake in Broadcom by 5.4% in the third quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer’s stock valued at $13,909,000 after purchasing an additional 2,178 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on AVGO. Wolfe Research raised shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Friday, January 30th. Wells Fargo & Company raised shares of Broadcom from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $410.00 to $430.00 in a research report on Thursday, January 15th. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Robert W. Baird set a $420.00 price objective on shares of Broadcom in a research report on Friday, December 12th. Finally, UBS Group set a $475.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a research report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $435.30.

Broadcom Stock Performance

Shares of AVGO opened at $314.43 on Tuesday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The firm has a fifty day simple moving average of $324.52 and a 200 day simple moving average of $342.80. The stock has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 61.41, a PEG ratio of 0.67 and a beta of 1.24. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The firm’s revenue was up 29.5% on a year-over-year basis. Research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a dividend of $0.65 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio is presently 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long-term deal to develop and supply future generations of Google’s custom AI chips and other data‑center components through 2031 — a major, revenue‑backing win for AVGO. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: Broadcom expanded collaboration with Anthropic, providing additional computing capacity (and tying Broadcom into fast‑growing AI workloads), boosting visibility into multi‑year demand. Broadcom agrees to expanded chip deals with Google, Anthropic
• Positive Sentiment: SEC filings and after‑hours reports showing the Google/Anthropic deals drove immediate buying interest (after‑hours and premarket gains), signaling strong near‑term sentiment from traders. Broadcom Stock Gains After Filing Shows Deal With Google
• Positive Sentiment: Management has a very bullish AI outlook (CEO line-of-sight to materially larger AI chip revenue), reinforcing investor expectations that Broadcom can capture significant share in custom AI silicon. Broadcom’s CEO Has Line of Sight to $100 Billion in AI Chip Revenue. Is the Stock a Buy?
• Neutral Sentiment: Analyst consensus remains generally favorable (consensus “Moderate Buy” in some reports and inclusion on “best S&P 500” lists), supporting a constructive medium‑term narrative despite recent volatility. Broadcom Inc. (NASDAQ:AVGO) Given Consensus Rating of “Moderate Buy” by Analysts
• Negative Sentiment: Erste Group downgraded Broadcom from Buy to Hold, citing concerns about growth in the software segment — a reminder that not all revenue drivers are uniformly strong and that valuation is elevated. Broadcom (AVGO) Downgraded on Concerns Over Software Segment Growth

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 36,292 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the sale, the chief financial officer owned 327,760 shares in the company, valued at $105,407,616. This trade represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the sale, the insider owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 273,049 shares of company stock worth $88,300,115. Company insiders own 1.90% 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.