6,826 Shares in Broadcom Inc. $AVGO Bought by Ticino Wealth

Key Points

• Ticino Wealth bought a new position in Broadcom, acquiring 6,826 shares valued at about $2.36 million in the fourth quarter, and institutional investors now own roughly 76.43% of the stock.
• Broadcom beat quarterly estimates (EPS $2.05 vs. $2.03) with revenue of $19.31 billion (up 29.5% YoY) and declared a quarterly dividend of $0.65 (annualized $2.60, yield 0.7%).
• Despite strong results, shares were down about 4.4% with a market cap near $1.89 trillion, insiders have sold roughly 324,282 shares (~$106 million) over the past 90 days, and analysts retain a mostly bullish consensus (average target ~$435.30).

Ticino Wealth bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,826 shares of the semiconductor manufacturer's stock, valued at approximately $2,362,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Michael Brady & Co. LLC bought a new position in Broadcom in the fourth quarter worth $431,000. SageGuard Financial Group LLC bought a new position in Broadcom in the fourth quarter worth $1,799,000. Jones Kertz & Associates Inc. bought a new position in shares of Broadcom during the 4th quarter worth approximately $16,365,000. Round Rock Advisors LLC lifted its position in shares of Broadcom by 3.1% during the 4th quarter. Round Rock Advisors LLC now owns 1,809 shares of the semiconductor manufacturer's stock worth $626,000 after buying an additional 54 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of Broadcom by 30.9% during the 4th quarter. Evergreen Capital Management LLC now owns 86,403 shares of the semiconductor manufacturer's stock worth $29,904,000 after buying an additional 20,381 shares during the period. 76.43% of the stock is owned by institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Big partner momentum — Broadcom’s rally has been bolstered by partnership/news flow (notably Google’s new AI chip roadmap) that helped push the stock to record market‑cap levels, reinforcing the company’s custom AI-silicon narrative. Read More.
• Positive Sentiment: Strong analyst conviction — Street coverage is overwhelmingly bullish (most analysts rate AVGO a Buy and 12‑month targets imply double‑digit upside), which underpins longer‑term demand from institutions. Read More.
• Positive Sentiment: Upgraded price‑target narratives and bullish writeups are feeding momentum trades and ETF inflows into semiconductors, supporting AVGO’s valuation case amid strong revenue growth and expanding custom‑silicon sales. Read More.
• Neutral Sentiment: Semi/AI ETF dynamics are amplifying moves both ways — sector ETFs and momentum products have been heavy buyers recently, which can accelerate upside but also amplify volatility on headlines. Read More.
• Negative Sentiment: OpenAI miss spooked the AI infrastructure trade — reports that OpenAI missed internal user/revenue goals rattled hyperscaler capex expectations and triggered a sector pullback that pressured Broadcom along with other AI‑exposed chip names. Read More.
• Negative Sentiment: Broad sector weakness — broader declines in AI chip leaders (reported by Barron's) and short‑term technical/profit‑taking flows have pulled AVGO down despite the positive fundamentals. Read More.
• Negative Sentiment: Near‑term trading volatility: market‑timed pullbacks and headline risk are already reflected in recent intraday declines — watch quarterly cadence, hyperscaler order disclosures, and any update on customer concentration risk. Read More.

Broadcom Stock Down 4.4%

Shares of NASDAQ AVGO opened at $399.83 on Wednesday. The stock has a market cap of $1.89 trillion, a PE ratio of 78.09, a PEG ratio of 0.86 and a beta of 1.24. The business has a fifty day moving average of $344.25 and a two-hundred day moving average of $348.93. Broadcom Inc. has a 52-week low of $184.02 and a 52-week high of $429.31. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business's revenue was up 29.5% on a year-over-year basis. During the same period last year, the business earned $1.60 earnings per share. As a group, equities research analysts expect that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the transaction, the chief financial officer directly owned 327,760 shares of the company's stock, valued at $105,407,616. The trade was a 9.97% 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 S. Ram Velaga sold 38,841 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 $12,491,265.60. Following the completion of the transaction, the insider directly owned 96,147 shares of the company's stock, valued at $30,920,875.20. This represents a 28.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on AVGO. Royal Bank Of Canada decreased their price target on Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a research note on Monday, March 2nd. JPMorgan Chase & Co. lifted their price objective on Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, March 5th. Erste Group Bank cut Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Zacks Research raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Finally, Morgan Stanley lifted their price objective on Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $435.30.

About Broadcom

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.