Bristol Gate Capital Partners Inc. Reduces Stock Holdings in Broadcom Inc. $AVGO

Bristol Gate Capital Partners Inc. lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 210,649 shares of the semiconductor manufacturer’s stock after selling 79,098 shares during the quarter. Broadcom comprises about 4.2% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 17th biggest holding. Bristol Gate Capital Partners Inc.’s holdings in Broadcom were worth $72,906,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AVGO. Daviman Financial LLC acquired a new position in Broadcom in the fourth quarter valued at about $511,000. Ruedi Wealth Management Inc. acquired a new position in Broadcom in the fourth quarter valued at about $283,000. Legato Capital Management LLC lifted its position in Broadcom by 56.3% in the fourth quarter. Legato Capital Management LLC now owns 43,935 shares of the semiconductor manufacturer’s stock valued at $15,206,000 after buying an additional 15,819 shares during the last quarter. Karras Company Inc. acquired a new position in Broadcom in the fourth quarter valued at about $6,806,000. Finally, New World Advisors LLC lifted its position in Broadcom by 28.9% in the fourth quarter. New World Advisors LLC now owns 4,648 shares of the semiconductor manufacturer’s stock valued at $1,609,000 after buying an additional 1,043 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AVGO. Zacks Research cut shares of Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Seaport Research Partners reaffirmed a “neutral” rating on shares of Broadcom in a research report on Wednesday, April 8th. UBS Group reaffirmed a “buy” rating and issued a $490.00 target price (up from $475.00) on shares of Broadcom in a research report on Monday, May 18th. TD Cowen reaffirmed a “buy” rating and issued a $500.00 target price (up from $405.00) on shares of Broadcom in a research report on Friday, May 15th. Finally, Evercore reaffirmed an “outperform” rating and issued a $582.00 target price on shares of Broadcom in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $453.17.

Insider Buying and Selling

In other news, insider Mark David Brazeal sold 50,488 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the transaction, the insider directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 39,116 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following the transaction, the insider directly owned 74,626 shares of the company’s stock, valued at approximately $24,000,467.86. This represents a 34.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 324,282 shares of company stock valued at $106,425,249. Corporate insiders own 1.90% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first integrated Wi‑Fi 8 SoCs for mesh and multi-gigabit routers, extending its leadership in home networking chips and strengthening its position in a key growth market. Article Title
• Positive Sentiment: The company also launched the BCM68850, a 50G PON home gateway SoC with an integrated neural processor and Wi‑Fi 8 support, highlighting Broadcom’s push into edge AI and residential broadband infrastructure. Article Title
• Positive Sentiment: Broadcom’s collaboration with Samsung on a 5G and Wi‑Fi 8 fixed wireless access platform suggests expanding design wins and could support future revenue growth in broadband connectivity. Article Title
• Neutral Sentiment: Analysts continue to rate Broadcom a “Moderate Buy,” which supports a constructive but not dramatically changed view of the stock. Article Title
• Neutral Sentiment: Some market commentary is shifting investor focus toward Qualcomm’s new AI chip deal and broader semiconductor AI winners, which may temporarily distract from Broadcom’s momentum in the AI infrastructure trade. Article Title

Broadcom Stock Down 0.0%

Shares of NASDAQ:AVGO opened at $421.86 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The firm has a market capitalization of $2.00 trillion, a PE ratio of 82.39, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The firm’s 50-day moving average is $378.80 and its two-hundred day moving average is $357.40. Broadcom Inc. has a 1 year low of $234.43 and a 1 year high of $442.36.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business’s revenue for the quarter 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. Analysts predict that Broadcom Inc. will post 9.91 EPS for the current year.

Broadcom Dividend Announcement

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