BOCHK Asset Management Ltd Sells 2,388 Shares of Broadcom Inc. $AVGO

BOCHK Asset Management Ltd cut its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 23.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,812 shares of the semiconductor manufacturer’s stock after selling 2,388 shares during the period. Broadcom makes up approximately 0.7% of BOCHK Asset Management Ltd’s holdings, making the stock its 11th biggest position. BOCHK Asset Management Ltd’s holdings in Broadcom were worth $2,704,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AVGO. JCIC Asset Management Inc. bought a new stake in Broadcom in the 3rd quarter valued at $31,000. Miller Global Investments LLC bought a new position in shares of Broadcom during the 4th quarter worth about $31,000. Manning & Napier Advisors LLC bought a new position in shares of Broadcom during the 3rd quarter worth about $34,000. Navigoe LLC lifted 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. Finally, Stone House Investment Management LLC lifted its holdings in shares of Broadcom by 600.0% during the 3rd quarter. Stone House Investment Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $46,000 after acquiring an additional 120 shares during the period. 76.43% of the stock is owned by institutional investors.

Broadcom Trading Up 0.4%

Shares of AVGO stock opened at $398.47 on Friday. Broadcom Inc. has a 12-month low of $161.61 and a 12-month high of $414.61. The company has a market capitalization of $1.89 trillion, a P/E ratio of 77.83, a P/E/G ratio of 0.82 and a beta of 1.24. The firm has a 50-day moving average price of $331.89 and a 200 day moving average price of $344.53. 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 – Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (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 firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same period last year, the firm posted $1.60 EPS. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. Research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s dividend payout ratio (DPR) is currently 50.78%.

Analyst Upgrades and Downgrades

AVGO has been the subject of a number of analyst reports. Wells Fargo & Company raised shares of Broadcom from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $410.00 to $430.00 in a report on Thursday, January 15th. Benchmark reaffirmed a “buy” rating and set a $485.00 price objective on shares of Broadcom in a report on Thursday, March 5th. Morgan Stanley raised their price objective on shares of Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price objective on shares of Broadcom in a report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Broadcom in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and an average target price of $435.30.

Check Out Our Latest Stock Report on Broadcom

Insider Activity

In other Broadcom news, insider S. Ram Velaga sold 38,841 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the completion of the sale, the insider owned 96,147 shares in the company, valued at approximately $30,920,875.20. This trade represents a 28.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 278,141 shares of the company’s stock, valued at $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 sold 324,282 shares of company stock valued at $106,425,249. Company insiders own 1.90% of the company’s stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Expanded Meta tie-up materially boosts multi‑year AI revenue visibility — Broadcom and Meta extended a multi‑generation partnership through at least 2029 to co‑develop MTIA AI accelerators and Ethernet networking, with an initial commitment of more than 1GW of custom compute capacity. AI’s Cash Splash Continues: Meta Platforms and Broadcom Expand Custom Chip Partnership
• Positive Sentiment: Deals with other big AI customers broaden demand — reports that Broadcom has secured multi‑year partnerships with Google and Anthropic (and similar coverage of new customer wins) signal multi‑customer, multi‑generation demand for Broadcom’s custom accelerators and networking. Broadcom (AVGO) Stock Climbs 28% on Major AI Partnerships With Tech Giants
• Positive Sentiment: Analyst upgrades and media endorsements are amplifying buying interest — Jim Cramer and several firms have highlighted Broadcom as the key play on Meta’s chip program, and a number of brokers have raised targets, supporting momentum. Cramer says Broadcom is the real play in Meta’s chip partnership
• Neutral Sentiment: Software/AI platform moves expand TAM — Broadcom announced Tanzu Platform agent foundations for secure agentic runtimes, which supports its enterprise software strategy but is a longer‑term revenue play relative to the hyperscaler deals. Broadcom Announces Tanzu Platform Agent Foundations
• Negative Sentiment: Insider selling continues — recent filings show executives/directors trimming positions, which can weigh on near‑term sentiment despite company growth narrative. Broadcom insider selling (MarketBeat)
• Negative Sentiment: Concentration and competitive risk remain — analysts warn that heavy exposure to a few hyperscalers and fierce competition (e.g., NVIDIA and in‑house designs) could limit upside or inject volatility if sourcing/pricing dynamics shift. Broadcom Meta Chip Alliance Deepens AI Ties And Concentration Risks