Advocate Group LLC Sells 2,164 Shares of Broadcom Inc. $AVGO

Key Points

• Advocate Group LLC trimmed its Broadcom position by 9.8%, selling 2,164 shares and finishing the quarter with 19,812 shares valued at $6.857 million.
• Broadcom secured multi‑year AI supply agreements with Google and expanded Anthropic commitments, providing multi‑year revenue visibility and helping drive bullish analyst coverage and price targets implying roughly a ~33% upside.
• Notable insider selling — insiders have disposed of 273,049 shares worth $88.3 million over the past 90 days (including large sales by Charlie B. Kawwas and Mark D. Brazeal), while institutional ownership stands at about 76.4%.

Advocate Group LLC reduced its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,812 shares of the semiconductor manufacturer's stock after selling 2,164 shares during the quarter. Advocate Group LLC's holdings in Broadcom were worth $6,857,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America bought a new position in Broadcom in the second quarter worth about $28,000. JCIC Asset Management Inc. bought a new position in Broadcom in the third quarter worth about $31,000. Miller Global Investments LLC bought a new position in Broadcom in the fourth quarter worth about $31,000. Manning & Napier Advisors LLC bought a new position in Broadcom in the third quarter worth about $34,000. Finally, Evolution Wealth Management Inc. bought a new position in Broadcom in the second quarter worth about $36,000. 76.43% of the stock is currently owned by institutional investors.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year TPU and networking supply agreements with Google and expanded Anthropic commitments (including ~3.5 GW of TPU capacity starting 2027), giving multi‑year revenue visibility for chips and networking components. Broadcom Is Making AI Chips with Google. Does That Make AVGO Stock a Buy Now?
• Positive Sentiment: Market/industry coverage frames the Google deal as evidence Broadcom is competing with NVIDIA for hyperscaler AI infrastructure spend, supporting a narrative of structural demand growth for AVGO’s custom AI and networking products. Bloomberg: Broadcom's Google deal proves AI infrastructure demand competing with Nvidia
• Positive Sentiment: Wall Street analysts’ average price targets imply meaningful upside (Zacks highlights a ~33% consensus potential), and several bullish notes/coverage reiterations (e.g., Rosenblatt) are supporting buying interest. Wall Street Analysts Think Broadcom Inc. (AVGO) Could Surge 33.37% Rosenblatt Reiterates Buy for Broadcom
• Neutral Sentiment: Bank of America and other firms have updated forecasts and price targets (resets that reflect both the new deals and valuation questions) — useful for investors but not a clear directional signal alone. Bank of America resets Broadcom stock forecast
• Neutral Sentiment: Corporate developments include a new CFO appointment and product launches (Arcot Smart Ruleset); these are operationally relevant but are incremental versus the AI partnership news. Broadcom is getting a new CFO Broadcom Launches the Arcot Smart Ruleset
• Negative Sentiment: Seaport Global / Seaport Research recently downgraded Broadcom (cut to Neutral) and argued the company may be hitting industry limits — these downgrades increase short‑term sell pressure and raise valuation concerns among some institutional investors. Broadcom downgraded by Seaport Research Seaport Global downgrades Broadcom

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AVGO. TD Cowen reiterated a "buy" rating on shares of Broadcom in a report on Friday, December 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $500.00 target price on shares of Broadcom in a report on Tuesday. The Goldman Sachs Group reiterated a "buy" rating and issued a $450.00 target price on shares of Broadcom in a report on Monday, January 5th. Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, December 13th. Finally, Wolfe Research upgraded shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 target price for the company in a report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Insider Transactions at Broadcom

In related news, insider Charlie B. Kawwas sold 39,116 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following the sale, the insider owned 74,626 shares in the company, valued at $24,000,467.86. This represents a 34.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the sale, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 273,049 shares of company stock worth $88,300,115 in the last ninety days. Corporate insiders own 1.90% of the company's stock.

Broadcom Stock Performance

AVGO opened at $354.91 on Friday. Broadcom Inc. has a 52-week low of $161.61 and a 52-week high of $414.61. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.68 trillion, a P/E ratio of 69.32, a price-to-earnings-growth ratio of 0.73 and a beta of 1.24. The firm's 50-day moving average price is $325.37 and its 200-day moving average price is $342.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. The firm had revenue of $19.31 billion for 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%.Broadcom's revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.60 earnings per share. As a group, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

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.

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