Broadcom Inc. $AVGO Holdings Lifted by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management raised its stake in Broadcom by 2.3% in Q4 to 271,094 shares (about $93.83 million), making AVGO its ninth‑largest holding (~1.6% of the fund).
• Multi‑year AI partnerships — including an extended Meta alliance through at least 2029 with an initial >1GW commitment and reported deals with Google and Anthropic — have materially boosted Broadcom’s multi‑year revenue visibility and prompted analyst upgrades.
• Insider selling has been substantial recently, with 324,282 shares sold (~$106.4 million) over the last quarter, a factor that could weigh on near‑term sentiment despite strong institutional ownership and analyst enthusiasm.

Apollon Wealth Management LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 271,094 shares of the semiconductor manufacturer's stock after purchasing an additional 6,123 shares during the quarter. Broadcom makes up about 1.6% of Apollon Wealth Management LLC's holdings, making the stock its 9th biggest position. Apollon Wealth Management LLC's holdings in Broadcom were worth $93,826,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AVGO. JCIC Asset Management Inc. purchased a new position in Broadcom during the third quarter worth about $31,000. Miller Global Investments LLC purchased a new position in Broadcom during the fourth quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new position in Broadcom during the third quarter worth about $34,000. Navigoe LLC boosted its holdings in Broadcom by 515.0% during the third quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock worth $40,000 after purchasing an additional 103 shares during the last quarter. Finally, Stone House Investment Management LLC boosted its holdings in Broadcom by 600.0% during the third quarter. Stone House Investment Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $46,000 after purchasing an additional 120 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Key Broadcom News

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

Insider Buying and Selling

In other news, insider S. Ram Velaga sold 8,000 shares of the business's stock in a transaction that occurred 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 $21,464,964.64. The trade was a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total transaction of $3,452,300.00. Following the completion of the sale, the insider directly owned 787,184 shares in the company, valued at approximately $271,759,532.32. This trade represents a 1.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 324,282 shares of company stock valued at $106,425,249. Corporate insiders own 1.90% of the company's stock.

Broadcom Stock Up 0.4%

AVGO opened at $398.47 on Friday. 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 stock 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. Broadcom Inc. has a twelve month low of $161.61 and a twelve month high of $414.61. The company's 50-day moving average price is $331.89 and its two-hundred day moving average price is $344.53.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The company's quarterly revenue was up 29.5% compared to the same quarter last year. As a group, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given 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 payout ratio is 50.78%.

Analysts Set New Price Targets

AVGO has been the topic of several analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of Broadcom in a report on Friday, April 10th. Zacks Research upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. JPMorgan Chase & Co. boosted their price target on shares of Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, March 5th. Morgan Stanley boosted their target price on shares of Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a research note on Friday, March 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. Two investment 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Broadcom 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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