Fulcrum Asset Management LLP Has $18.38 Million Stake in Broadcom Inc. $AVGO

Fulcrum Asset Management LLP cut its holdings in Broadcom Inc. (NASDAQ:AVGO) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 52,526 shares of the semiconductor manufacturer’s stock after selling 3,140 shares during the period. Broadcom comprises approximately 3.0% of Fulcrum Asset Management LLP’s holdings, making the stock its 7th largest position. Fulcrum Asset Management LLP’s holdings in Broadcom were worth $18,376,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AVGO. JCIC Asset Management Inc. bought a new position in shares of Broadcom in the 3rd quarter worth about $31,000. Miller Global Investments LLC bought a new position in shares of Broadcom in the 4th quarter worth about $31,000. Nvest Wealth Strategies Inc. bought a new position in shares of Broadcom in the 4th quarter worth about $33,000. Family CFO Inc bought a new position in shares of Broadcom in the 4th quarter worth about $35,000. Finally, PayPay Securities Corp raised its position in shares of Broadcom by 88.9% in the 4th quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer’s stock worth $41,000 after acquiring an additional 56 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AVGO. Benchmark reissued a “buy” rating and issued a $485.00 price objective on shares of Broadcom in a research report on Thursday, March 5th. Bank of America reduced their target price on Broadcom from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. UBS Group restated a “buy” rating and issued a $490.00 target price (up from $475.00) on shares of Broadcom in a research note on Monday. Mizuho restated an “outperform” rating and issued a $480.00 target price on shares of Broadcom in a research note on Thursday, April 16th. Finally, Wolfe Research upgraded Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and a consensus target price of $448.10.

Broadcom Stock Performance

Shares of AVGO opened at $417.76 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 stock has a 50-day moving average of $370.41 and a 200-day moving average of $355.37. The company has a market cap of $1.98 trillion, a PE ratio of 81.59, a P/E/G ratio of 0.85 and a beta of 1.43. Broadcom Inc. has a one year low of $226.18 and a one year high of $442.36.

Broadcom (NASDAQ:AVGO) last issued 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 the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the business posted $1.60 EPS. On average, equities research analysts predict that Broadcom Inc. will post 9.97 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid 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 yield of 0.6%. Broadcom’s payout ratio is 50.78%.

Insider Buying and Selling

In other Broadcom news, insider Charlie B. Kawwas sold 39,116 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the completion of the transaction, the insider owned 74,626 shares in the company, valued at approximately $24,000,467.86. The trade was a 34.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction dated 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 owned 327,760 shares of the company’s stock, valued at $105,407,616. This trade represents a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 324,282 shares of company stock worth $106,425,249 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom deepened its relationship with the London Stock Exchange Group (LSEG) through a new five-year agreement centered on VMware Cloud Foundation, which should support recurring software revenue and highlights demand for Broadcom’s enterprise cloud and infrastructure products. Article Title
• Positive Sentiment: Applied Materials named Broadcom as an EPIC Innovation Partner, signaling collaboration on advanced packaging technologies that are critical for next-generation AI chips and systems. That reinforces Broadcom’s position as a key supplier in the AI infrastructure buildout. Article Title
• Positive Sentiment: Wall Street continues to view Broadcom favorably, with multiple recent analyst price targets raised or reiterated at bullish levels. Investors are still focusing on Broadcom’s AI exposure and custom chip momentum. Article Title
• Neutral Sentiment: A Zacks screen highlighted Broadcom as a high-ROE “cash cow” alongside other stocks that may hold up better during a tech slump. This is more of a relative-strength mention than a new company-specific catalyst. Article Title
• Neutral Sentiment: Another Zacks item discussed whether brokers’ opinions matter for Broadcom, but it did not add a clear new upgrade, downgrade, or earnings surprise. Article Title
• Neutral Sentiment: Broader market articles noted a selloff in major tech stocks and the Magnificent 7, which can weigh on AVGO sentiment even when company-specific news remains positive. Article Title
• Negative Sentiment: One Seeking Alpha piece argued that Broadcom’s AI visibility has improved, but the valuation multiple has not expanded as much as expected, suggesting some investor caution after the stock’s strong run. Article Title

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.