Midwest Trust Co Sells 2,573 Shares of Broadcom Inc. $AVGO

Midwest Trust Co lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 529,528 shares of the semiconductor manufacturer’s stock after selling 2,573 shares during the period. Broadcom makes up 2.3% of Midwest Trust Co’s investment portfolio, making the stock its 7th biggest position. Midwest Trust Co’s holdings in Broadcom were worth $183,269,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bensler LLC boosted its position in Broadcom by 12.0% in the fourth quarter. Bensler LLC now owns 34,324 shares of the semiconductor manufacturer’s stock valued at $11,880,000 after buying an additional 3,675 shares in the last quarter. Ebert Capital Management Inc. acquired a new position in shares of Broadcom during the fourth quarter worth $754,000. LRI Investments LLC lifted its holdings in shares of Broadcom by 0.9% during the fourth quarter. LRI Investments LLC now owns 18,552 shares of the semiconductor manufacturer’s stock worth $6,421,000 after purchasing an additional 172 shares during the period. EWA LLC lifted its holdings in shares of Broadcom by 6.0% during the fourth quarter. EWA LLC now owns 9,873 shares of the semiconductor manufacturer’s stock worth $3,417,000 after purchasing an additional 563 shares during the period. Finally, Northern Capital Management Inc. lifted its holdings in shares of Broadcom by 30.8% during the fourth quarter. Northern Capital Management Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock worth $363,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity

In related news, insider Mark David Brazeal sold 50,488 shares of Broadcom 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 transaction, the insider owned 278,141 shares of the company’s stock, valued at $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction 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 represents a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 324,282 shares of company stock worth $106,425,249 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $425.19 on Friday. Broadcom Inc. has a twelve month low of $221.60 and a twelve month high of $442.36. The firm has a fifty day simple moving average of $365.61 and a 200 day simple moving average of $354.62. The company has a market capitalization of $2.01 trillion, a PE ratio of 83.05, a P/E/G ratio of 0.91 and a beta of 1.43. 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 announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping 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 business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter last year, the firm earned $1.60 earnings per share. Broadcom’s quarterly revenue was up 29.5% on a year-over-year basis. On average, sell-side analysts forecast that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

AVGO has been the topic of a number of recent research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a report on Thursday. Morgan Stanley lifted their price target on shares of Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Weiss Ratings lowered shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Citigroup reiterated a “buy” rating and set a $500.00 price target (up from $475.00) on shares of Broadcom in a report on Tuesday. Finally, Royal Bank Of Canada cut their price target on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $441.63.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom remains a favored way to play AI infrastructure, with multiple recent articles highlighting its growing exposure to custom AI silicon, data-center networking, and AI semiconductor revenue. Citi also raised its price target to $500, reinforcing optimism ahead of the next earnings report.
• Positive Sentiment: Wells Fargo lifted its price target to $545 and said AI semiconductor revenue is running 30% to 40% above expectations, suggesting Broadcom may still be benefiting from stronger-than-expected hyperscaler spending.
• Positive Sentiment: Recent investor interest has also been supportive, with hedge fund and prominent manager buying cited in several notes, alongside Broadcom being named among top tech stocks to own as AI optimism continues to drive the market.
• Neutral Sentiment: Broadcom was also mentioned in a broader AI rotation piece that argues the next leg of the rally may be in AI bottlenecks such as optics, networking, and memory rather than only the most obvious chip winners. Broadcom was specifically named as one of the companies positioned to benefit from optical interconnect demand.
• Negative Sentiment: UBS warned that AI stocks, including Broadcom, are increasingly crowded trades, raising the risk of a pullback if enthusiasm cools or if investors rotate out of mega-cap semiconductors.
• Negative Sentiment: Some commentary also suggests the AI chip rally may be masking broader market weakness, which can make even strong names like Broadcom vulnerable to profit-taking after a powerful advance.

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.