Dilation Capital Management LP Acquires 14,230 Shares of Broadcom Inc. $AVGO

Dilation Capital Management LP increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 52.0% during the 4th quarter, HoldingsChannel reports. The fund owned 41,594 shares of the semiconductor manufacturer’s stock after acquiring an additional 14,230 shares during the quarter. Broadcom comprises approximately 6.6% of Dilation Capital Management LP’s investment portfolio, making the stock its 7th largest holding. Dilation Capital Management LP’s holdings in Broadcom were worth $14,396,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Weinberger Asset Management Inc lifted its stake in shares of Broadcom by 3.6% in the fourth quarter. Weinberger Asset Management Inc now owns 1,660 shares of the semiconductor manufacturer’s stock worth $575,000 after acquiring an additional 58 shares in the last quarter. First National Trust Co lifted its stake in shares of Broadcom by 1.0% in the fourth quarter. First National Trust Co now owns 197,186 shares of the semiconductor manufacturer’s stock worth $68,246,000 after acquiring an additional 2,016 shares in the last quarter. Praxis Capital Management LLC acquired a new position in shares of Broadcom in the fourth quarter worth about $831,000. Powell Investment Advisors LLC lifted its stake in shares of Broadcom by 204.2% in the fourth quarter. Powell Investment Advisors LLC now owns 3,145 shares of the semiconductor manufacturer’s stock worth $1,088,000 after acquiring an additional 2,111 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd lifted its stake in shares of Broadcom by 209.6% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 87,920 shares of the semiconductor manufacturer’s stock worth $30,429,000 after acquiring an additional 59,520 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AVGO. Wells Fargo & Company reiterated an “overweight” rating and issued a $545.00 price target (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. DA Davidson upgraded Broadcom to a “hold” rating in a research note on Friday, February 13th. Zacks Research cut Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Seaport Research Partners reiterated a “neutral” rating on shares of Broadcom in a research note on Wednesday, April 8th. Finally, UBS Group restated a “buy” rating and set a $490.00 price objective (up from $475.00) on shares of Broadcom in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $454.55.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled new BCM68850 and Wi‑Fi 8 home gateway products that combine 50G fiber, an on-chip NPU, and edge-AI capabilities, strengthening its position in next-generation consumer networking and AI-at-the-edge use cases. Article: Broadcom’s BCM68850 Boosts AVGO’s Edge AI Push: More Upside Ahead?
• Positive Sentiment: Broadcom announced a partnership with Samsung Electronics to launch an integrated 5G and Wi‑Fi 8 fixed wireless access platform, expanding its broadband footprint and supporting demand for its networking silicon. Article: Broadcom Unveils World’s First Integrated 5G and Wi-Fi 8 FWA Platform in Collaboration with Samsung Electronics
• Positive Sentiment: Broadcom also launched what it says are the industry’s first integrated Wi‑Fi 8 SoCs for mesh and multi-gigabit routers, adding another catalyst for its connectivity and home-networking business. Article: Broadcom Delivers Industry’s First Integrated Wi-Fi 8 SoCs to Power Next-Gen Mesh and Multi-Gigabit Routers
• Positive Sentiment: Evercore ISI raised its price target on Broadcom and kept an Outperform rating, reflecting confidence in the company’s AI infrastructure opportunity and supporting the stock’s momentum. Article: Broadcom (AVGO) Could Be Positioned For The Next Big Shift In AI Infrastructure
• Positive Sentiment: Analyst commentary continues to frame Broadcom as a “safe” long-term AI and networking holding, which may be helping sentiment as the stock approaches recent highs. Article: AI Can’t Reach the Real World Without These 3 Stocks
• Neutral Sentiment: The stock is also drawing attention because it is trading near its 52-week high ahead of earnings, which may keep volatility elevated as investors weigh whether the current valuation is fully priced in. Article: Broadcom Nearing 52-Week High: Buy, Sell or Hold?

Insider Buying and Selling

In other news, insider S. Ram Velaga sold 38,841 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the completion of the transaction, the insider directly owned 96,147 shares of the company’s stock, valued at approximately $30,920,875.20. This represents a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 327,760 shares of the company’s stock, valued at $105,407,616. This trade represents a 9.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 over the last three months. 1.90% of the stock is owned by company insiders.

Broadcom Trading Up 1.1%

Shares of NASDAQ AVGO opened at $426.58 on Friday. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 83.32, a PEG ratio of 0.87 and a beta of 1.43. The stock’s 50 day moving average price is $380.90 and its two-hundred day moving average price is $357.94. Broadcom Inc. has a 52-week low of $234.90 and a 52-week high of $442.36. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

Broadcom (NASDAQ:AVGO) last posted its earnings results 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 company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business’s revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share. On average, analysts anticipate that Broadcom Inc. will post 9.91 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. Broadcom’s dividend payout ratio is 50.78%.

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.