Oak Ridge Investments LLC Has $79.75 Million Position in Broadcom Inc. $AVGO

Oak Ridge Investments LLC grew its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 230,433 shares of the semiconductor manufacturer’s stock after buying an additional 18,924 shares during the quarter. Broadcom comprises about 4.8% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 6th largest position. Oak Ridge Investments LLC’s holdings in Broadcom were worth $79,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Keener Financial Planning LLC raised its stake in shares of Broadcom by 187.4% during the fourth quarter. Keener Financial Planning LLC now owns 661 shares of the semiconductor manufacturer’s stock valued at $228,000 after acquiring an additional 431 shares during the last quarter. Optima Capital LLC raised its stake in Broadcom by 3.7% in the fourth quarter. Optima Capital LLC now owns 1,181 shares of the semiconductor manufacturer’s stock worth $409,000 after buying an additional 42 shares in the last quarter. Galvin Gaustad & Stein LLC raised its stake in Broadcom by 11.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 3,350 shares of the semiconductor manufacturer’s stock worth $1,160,000 after buying an additional 348 shares in the last quarter. Intelligence Driven Advisers LLC raised its stake in Broadcom by 94.2% in the fourth quarter. Intelligence Driven Advisers LLC now owns 2,185 shares of the semiconductor manufacturer’s stock worth $756,000 after buying an additional 1,060 shares in the last quarter. Finally, Tower View Wealth Management LLC raised its stake in Broadcom by 10,164.2% in the fourth quarter. Tower View Wealth Management LLC now owns 8,314 shares of the semiconductor manufacturer’s stock worth $2,878,000 after buying an additional 8,233 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Continued hyperscaler deals and analyst praise reinforce Broadcom’s long-term AI infrastructure thesis — recent coverage highlights Broadcom’s expanding custom-AI pipeline (Meta, Google, Anthropic) and positions the company as a core AI-infrastructure play. How Software Powers Broadcom’s $2 Trillion AI Boom
• Positive Sentiment: Analyst commentary highlights Broadcom’s extended pact with Meta through 2029 as a structural revenue driver for AI infrastructure, supporting longer-term ETF and sector flows into companies tied to hyperscalers. The Zacks Analyst Blog Broadcom, Meta, IGM, QQQ and AIQ
• Positive Sentiment: Opinion pieces argue the Meta-Broadcom arrangement reduces hyperscaler dependence on NVIDIA and signals a strategic shift that could expand Broadcom’s addressable market for custom AI silicon and software. The Meta-Broadcom AI Chip Deal: A Shift From Nvidia Dependence, Not Displacement
• Neutral Sentiment: Macro/sector stories on the AI race (who could rival Apple by 2028) frame Broadcom as a major beneficiary of AI infrastructure demand, but these are thematic rather than firm-specific catalysts. Two AI giants that could rival Apple’s market cap by 2028
• Negative Sentiment: Short-term selling pressure came after reports that Marvell is in talks to design AI chips for Google — that rumor helped Marvell rally and prompted some rotation out of Broadcom on fears of increased competition for hyperscaler deals. Marvell pops on report it will help Google with custom AI chips. Broadcom shares sink
• Negative Sentiment: Institutional trimming: Sumitomo Mitsui Trust reduced its Broadcom stake recently, which can add incremental near-term selling pressure even as strategic buyers remain active. Broadcom Inc. $AVGO is Sumitomo Mitsui Trust Group Inc.’s 6th Largest Position

Insider Activity

In other news, insider Charlie B. Kawwas sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total transaction of $3,452,300.00. Following the sale, the insider owned 787,184 shares in the company, valued at $271,759,532.32. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the 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 in the company, valued at approximately $89,450,145.60. The trade was a 15.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 324,282 shares of company stock valued at $106,425,249. Company insiders own 1.90% of the company’s stock.

Broadcom Price Performance

Shares of AVGO opened at $399.63 on Tuesday. The firm’s 50-day simple moving average is $334.48 and its two-hundred day simple moving average is $345.69. Broadcom Inc. has a fifty-two week low of $161.61 and a fifty-two week high of $414.61. 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 stock has a market cap of $1.89 trillion, a PE ratio of 78.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.24.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm had revenue of $19.31 billion for 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 business’s revenue for the quarter was up 29.5% on a year-over-year basis. Analysts anticipate that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is presently 50.78%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AVGO. Morgan Stanley increased their price target on shares of Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Mizuho set a $480.00 price target on shares of Broadcom and gave the stock an “outperform” rating in a research note on Friday, January 9th. Benchmark reissued a “buy” rating and issued a $485.00 price target on shares of Broadcom in a research note on Thursday, March 5th. Rosenblatt Securities restated a “buy” rating and issued a $500.00 price objective on shares of Broadcom in a report on Tuesday, April 7th. Finally, Seaport Research Partners restated a “neutral” rating on shares of Broadcom in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.

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.