Waycross Partners LLC Cuts Position in Broadcom Inc. $AVGO

Waycross Partners LLC trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO) by 16.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 117,544 shares of the semiconductor manufacturer’s stock after selling 23,623 shares during the quarter. Broadcom accounts for about 3.3% of Waycross Partners LLC’s holdings, making the stock its 11th biggest holding. Waycross Partners LLC’s holdings in Broadcom were worth $40,682,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AVGO. Miller Global Investments LLC bought a new position in shares of Broadcom during the fourth quarter valued at approximately $31,000. JCIC Asset Management Inc. purchased a new position in shares of Broadcom during the third quarter valued at about $31,000. Teachers Insurance & Annuity Association of America bought a new position in Broadcom in the second quarter worth about $28,000. Manning & Napier Advisors LLC bought a new stake in Broadcom during the 3rd quarter valued at approximately $34,000. Finally, Navigoe LLC grew its holdings in shares of Broadcom by 515.0% during the 3rd quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of recent research reports. KeyCorp restated an “overweight” rating and issued a $500.00 price objective (up from $460.00) on shares of Broadcom in a report on Friday, December 12th. Zacks Research downgraded shares of Broadcom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Citigroup increased their price objective on shares of Broadcom from $458.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Morgan Stanley lifted their target price on shares of Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a $500.00 target price (up from $450.00) on shares of Broadcom in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Broadcom presently has a consensus rating of “Moderate Buy” and an average price target of $435.30.

Insider Transactions at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the business’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 transaction of $16,236,940.80. Following the sale, the insider owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. The trade was a 15.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider S. Ram Velaga sold 38,841 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the sale, the insider directly owned 96,147 shares in the company, valued at $30,920,875.20. This trade represents a 28.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 373,049 shares of company stock worth $123,024,715 over the last ninety days. 1.90% of the stock is currently owned by insiders.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported 106% year‑over‑year AI semiconductor revenue growth and secured a five‑year, roughly US$970 million software agreement with the U.S. Department of Defense — news that supports a durable AI revenue runway and defense recurring revenue. Article Title
• Positive Sentiment: Several sell‑side analysts and aggregator pieces now show large upside to AVGO (street consensus highlighted ~61% upside in recent writeups), underpinning the stock’s rally as buy ratings and price targets get refreshed. Article Title
• Positive Sentiment: Analysts and commentators argue Broadcom is carving out a large custom AI‑chip market (contrast vs. Nvidia), supporting a multi‑year growth story from bespoke AI silicon and software integration. Article Title
• Neutral Sentiment: NVIDIA’s NVLink/Fusion ecosystem expansion could reshuffle AI infra partnerships — a potential opportunity for some suppliers but one that brings competitive dynamics and execution risk for Broadcom. Article Title
• Neutral Sentiment: Broadcom is getting heightened investor attention as a high‑ROE, cash‑generative tech play amid geopolitical uncertainty; these narratives support interest but don’t guarantee short‑term moves. Article Title
• Negative Sentiment: Zacks flagged sequential gross‑margin contraction as Broadcom’s AI mix shifts; margin pressure and a high trailing P/E leave earnings sensitivity to product mix and pricing. Article Title

Broadcom Price Performance

AVGO stock opened at $309.32 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The company’s fifty day moving average price is $325.36 and its 200-day moving average price is $343.92. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The company has a market capitalization of $1.46 trillion, a PE ratio of 60.41, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22.

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. 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 analyst estimates of $19.10 billion. During the same quarter last year, the business earned $1.60 earnings per share. Broadcom’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed 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 was Monday, March 23rd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio is 50.78%.

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.