Activest Wealth Management Buys 1,335 Shares of Broadcom Inc. $AVGO

Key Points

• Activest Wealth Management increased its Broadcom stake by 32.6% in Q4, buying 1,335 shares to hold 5,430 shares worth about $1.879 million.
• Quarterly results beat expectations — Broadcom reported $2.05 EPS vs. $2.03 est. and $19.31B revenue (+29.5% YoY); the company has a ~$1.95 trillion market cap, a P/E of ~80.6 and a MarketBeat consensus target of $435.30.
• While institutional ownership is high (76.43%), insiders sold 324,282 shares (~$106.4M) over the past 90 days and the stock faced near-term pressure after reports that an OpenAI ~$18B custom chip deal hit a financing snag.

Activest Wealth Management increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 32.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,430 shares of the semiconductor manufacturer's stock after acquiring an additional 1,335 shares during the quarter. Activest Wealth Management's holdings in Broadcom were worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AVGO. Providence First Trust Co lifted its stake in shares of Broadcom by 1,099.3% in the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer's stock valued at $2,944,000 after purchasing an additional 8,179 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Broadcom by 3.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer's stock valued at $109,492,000 after buying an additional 10,786 shares during the last quarter. Lmcg Investments LLC raised its stake in Broadcom by 9.4% during the third quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer's stock valued at $12,854,000 after buying an additional 3,357 shares during the last quarter. Wright Investors Service Inc. raised its stake in Broadcom by 5.4% during the third quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer's stock valued at $13,909,000 after buying an additional 2,178 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in Broadcom by 10.7% during the third quarter. Brown Brothers Harriman & Co. now owns 77,411 shares of the semiconductor manufacturer's stock valued at $25,539,000 after buying an additional 7,499 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Down 3.0%

Broadcom stock opened at $412.56 on Friday. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 80.58, a PEG ratio of 0.88 and a beta of 1.43. The stock has a fifty day simple moving average of $352.89 and a two-hundred day simple moving average of $351.28. Broadcom Inc. has a 12 month low of $203.69 and a 12 month high of $437.68. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 EPS. Equities analysts predict that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. Broadcom's payout ratio is presently 50.78%.

Insider Buying and Selling

In related news, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total value of $712,354.00. Following the completion of the sale, the director owned 18,164 shares of the company's stock, valued at $6,411,892. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gayla J. Delly sold 1,000 shares of Broadcom stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the sale, the director directly owned 32,352 shares of the company's stock, valued at $11,592,045.12. The trade was a 3.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 324,282 shares of company stock valued at $106,425,249 over the last ninety days. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AVGO. Rosenblatt Securities reiterated a "buy" rating and set a $500.00 price objective on shares of Broadcom in a research note on Tuesday, April 7th. Royal Bank Of Canada lowered their price objective on Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a research note on Monday, March 2nd. Zacks Research upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 2nd. Mizuho reiterated an "outperform" rating and set a $480.00 price objective on shares of Broadcom in a research note on Thursday, April 16th. Finally, Seaport Research Partners reiterated a "neutral" rating on shares of Broadcom in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Fisher Asset Management materially increased its Broadcom stake, signaling institutional confidence and providing a demand floor for the stock. Fisher Asset Management boosts Broadcom stake by 847,157 shares
• Positive Sentiment: Analyst and press coverage emphasize Broadcom’s expanding role in AI infrastructure and strong AI revenue guidance, supporting a constructive medium-term earnings outlook. How Broadcom Redefines The AI Infrastructure Play
• Positive Sentiment: Broadcom’s VMware-by-Broadcom services are gaining public‑sector distribution via a Carahsoft/evoila partnership, expanding government channel reach and recurring-services revenue potential. evoila U.S. and Carahsoft Partner to Deliver VMware by Broadcom
• Neutral Sentiment: Corning’s large optical-fiber contracts (including with Broadcom) validate continued hyperscale capex on connectivity — good for long-term TAM but not an immediate earnings swing for Broadcom. Light Speed Returns: Corning Cashes In on NVIDIA Growth (AVGO)
• Neutral Sentiment: Broadcom remains a trending/dividend-growth name in several retail and income-focused write-ups; these can support longer-term flows but are unlikely to reverse a short-term selloff. Here is What to Know Beyond Why Broadcom Inc. (AVGO) is a Trending Stock
• Negative Sentiment: The primary near-term negative: a report that Broadcom’s ~$18B custom chip deal with OpenAI has hit a major financing snag, which directly pressured the stock and raised execution/timing concerns for a core AI revenue stream. Broadcom Stock (AVGO) Slides after $18B OpenAI Custom Chip Deal Hits Major Financing Snag
• Negative Sentiment: A recent political disclosure shows a sale of AVGO shares by Senator Shelley Moore Capito; while single disclosures are often routine, they can add to short-term headline pressure. Congress Trade: Senator Shelley Moore Capito Just Disclosed New Stock Trades

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.

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