Bar Harbor Wealth Management Grows Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Bar Harbor Wealth Management increased its stake in Broadcom (AVGO) by 9.3% in Q4 to 18,367 shares—adding 1,559 shares and bringing its holding to about $6.357 million.
• Insider selling has accelerated: S. Ram Velaga sold 8,000 shares and director Justine Page sold 2,018, with insiders offloading 324,282 shares worth $106.4 million in the last quarter; institutional ownership stands at 76.43% while insiders own 1.90%.
• Analysts are largely bullish (MarketBeat average: "Moderate Buy", target ~$435.30) and Broadcom posted strong results (revenue +29.5% YoY, EPS beat), supported by multi‑year AI partnerships with Meta, Google and Anthropic that underpin demand for its custom accelerators and networking products.

Bar Harbor Wealth Management increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,367 shares of the semiconductor manufacturer's stock after purchasing an additional 1,559 shares during the period. Bar Harbor Wealth Management's holdings in Broadcom were worth $6,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AVGO. JCIC Asset Management Inc. purchased a new position in shares of Broadcom during the third quarter valued at approximately $31,000. Miller Global Investments LLC bought a new stake in Broadcom during the fourth quarter valued at approximately $31,000. Manning & Napier Advisors LLC bought a new stake in Broadcom during the third quarter valued at approximately $34,000. Navigoe LLC grew its position in Broadcom by 515.0% during the third quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock valued at $40,000 after buying an additional 103 shares during the period. Finally, Stone House Investment Management LLC grew its position in Broadcom by 600.0% during the third quarter. Stone House Investment Management LLC now owns 140 shares of the semiconductor manufacturer's stock valued at $46,000 after buying an additional 120 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider S. Ram Velaga sold 8,000 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $370.52, for a total value of $2,964,160.00. Following the sale, the insider owned 57,932 shares of the company's stock, valued at approximately $21,464,964.64. This represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Justine Page sold 2,018 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director directly owned 18,164 shares in the company, valued at approximately $6,411,892. This represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AVGO shares. Truist Financial boosted their target price on shares of Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Broadcom in a research report on Friday, April 10th. Wells Fargo & Company upgraded shares of Broadcom from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $410.00 to $430.00 in a research report on Thursday, January 15th. Zacks Research upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. Finally, Citigroup boosted their target price on shares of Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $435.30.

Broadcom Price Performance

Broadcom stock opened at $398.47 on Friday. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 77.83, a PEG ratio of 0.82 and a beta of 1.24. The firm's fifty day moving average is $331.89 and its 200 day moving average is $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 Inc. has a 52-week low of $161.61 and a 52-week high of $414.61.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly 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. The company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. Broadcom's revenue 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. Sell-side analysts forecast 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. Stockholders of record on Monday, March 23rd were paid 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 0.7%. Broadcom's dividend payout ratio is currently 50.78%.

Broadcom News Roundup

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

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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