Archer Investment Corp Lowers Holdings in Broadcom Inc. $AVGO

Key Points

• Archer Investment Corp trimmed its stake in Broadcom by 8.3% in Q4, selling 1,423 shares and leaving it with 15,813 shares worth $5,473,000 (1.2% of the fund and its 12th largest holding).
• Insider selling has been notable: insiders disposed of 324,282 shares valued at $106.4M over the past 90 days, including sales by S. Ram Velaga (8,000 shares) and director Justine Page (2,018 shares), leaving insiders with 1.90% ownership.
• Operational and market outlook: Broadcom beat quarterly EPS and revenue estimates with revenue up 29.5% YoY, management points to rapid AI-driven growth, the company has a $2.01T market cap, and analysts show a consensus "Moderate Buy" with an average target of $435.30.

Archer Investment Corp decreased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,813 shares of the semiconductor manufacturer's stock after selling 1,423 shares during the quarter. Broadcom makes up 1.2% of Archer Investment Corp's holdings, making the stock its 12th largest position. Archer Investment Corp's holdings in Broadcom were worth $5,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Carrera Capital Advisors increased its holdings in shares of Broadcom by 69.4% in the fourth quarter. Carrera Capital Advisors now owns 1,440 shares of the semiconductor manufacturer's stock valued at $498,000 after purchasing an additional 590 shares during the last quarter. AMG National Trust Bank increased its stake in Broadcom by 1.3% during the fourth quarter. AMG National Trust Bank now owns 19,404 shares of the semiconductor manufacturer's stock worth $6,716,000 after acquiring an additional 255 shares during the last quarter. Capital Developers LLC acquired a new stake in Broadcom during the fourth quarter worth $404,000. Vest Financial LLC increased its stake in Broadcom by 6.6% during the fourth quarter. Vest Financial LLC now owns 124,041 shares of the semiconductor manufacturer's stock worth $42,931,000 after acquiring an additional 7,733 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. acquired a new stake in Broadcom during the fourth quarter worth $99,912,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Buying and Selling

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of the firm's stock in a transaction on Friday, April 10th. The stock was sold at an average price of $370.52, for a total value of $2,964,160.00. Following the sale, the insider directly owned 57,932 shares in the company, valued at $21,464,964.64. This trade represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justine Page sold 2,018 shares of the firm's stock in a transaction on Wednesday, April 8th. The shares were 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 in the company, valued at approximately $6,411,892. This represents a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 324,282 shares of company stock valued at $106,425,249 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

Broadcom Trading Down 0.4%

NASDAQ:AVGO opened at $425.44 on Thursday. The firm has a market cap of $2.01 trillion, a PE ratio of 83.09, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. The stock has a fifty day moving average price of $351.15 and a 200 day moving average price of $350.83. Broadcom Inc. has a 12-month low of $198.43 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 released its earnings results 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. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same period last year, the business posted $1.60 earnings per share. Broadcom's revenue was up 29.5% compared to the same quarter last year. Sell-side analysts anticipate 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. Shareholders of record on Monday, March 23rd were paid 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 0.6%. Broadcom's dividend payout ratio (DPR) is currently 50.78%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AVGO. Weiss Ratings cut Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, April 24th. DA Davidson raised Broadcom to a "hold" rating in a research note on Friday, February 13th. Royal Bank Of Canada cut their target price 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. Bank of America cut 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. Finally, JPMorgan Chase & Co. raised their target price on Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $435.30.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management guidance and commentary continue to point to rapid AI-driven revenue growth, reinforcing the company’s core growth narrative and supporting premium multiples. MSN: Broadcom guidance reveals breakneck AI revenue growth TheStreet: Broadcom guidance reveals one signal
• Positive Sentiment: Broadcom is cited as a hyperscale customer in Corning’s large fiber/pipeline contracts, which signals sustained capital spending across data-center supply chains that benefits Broadcom’s infrastructure franchise. MarketBeat: Corning article referencing Broadcom
• Positive Sentiment: Product/integration momentum: Broadcom announced VMware Cloud Foundation 9.1 aimed at production AI infrastructure, underscoring the software + silicon positioning that can deepen customer relationships and recurring revenue. GlobeNewswire: VMware Cloud Foundation 9.1
• Neutral Sentiment: Analyst write-ups and screens (Zacks and other outlets) highlight AVGO as a trending/high‑ROE/dividend-growth name — bullish narratives that may already be priced in after recent gains. Zacks: AVGO trending stock
• Neutral Sentiment: Broadcom was part of a broader “hot chip” rally that pushed several names to 52‑week highs; sector momentum helps AVGO but also raises short‑term volatility and profit‑taking risk. MSN: 52-week highs amid hot chip rally
• Negative Sentiment: Technical/competitive risk: packaging and interposer dynamics in high‑end AI chips (e.g., alternatives like Intel’s EMIB approach) could shift design wins or cost structures in ways that affect share of wallet for certain ecosystem players. 247WallSt: AI chip packaging constraints / Intel EMIB

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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