Broadcom Inc. $AVGO Position Reduced by FRG Family Wealth Advisors LLC

Key Points

• FRG Family Wealth Advisors LLC reduced its stake in Broadcom by 6.1% in Q4 to 88,763 shares (about $30.72M), making AVGO roughly 4.8% of the firm's portfolio and its fourth-largest position.
• Notable insider selling occurred recently — CFO Kirsten M. Spears sold 36,292 shares and S. Ram Velaga sold 38,841 shares on March 17, and insiders have sold 316,282 shares worth $103.46M over the past three months, leaving insiders with 1.90% ownership.
• Fundamentals and outlook: Broadcom slightly beat Q1 estimates (EPS $2.05 vs. $2.03; revenue $19.31B), reported strong AI-related revenue and multi-year AI deals, and carries a consensus analyst rating of "Moderate Buy" with a $435.30 target.

FRG Family Wealth Advisors LLC decreased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 88,763 shares of the semiconductor manufacturer's stock after selling 5,799 shares during the period. Broadcom makes up about 4.8% of FRG Family Wealth Advisors LLC's investment portfolio, making the stock its 4th largest position. FRG Family Wealth Advisors LLC's holdings in Broadcom were worth $30,721,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AVGO. Arrowstreet Capital Limited Partnership raised its stake in shares of Broadcom by 499.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer's stock valued at $1,858,789,000 after purchasing an additional 4,694,313 shares during the period. Nordea Investment Management AB raised its stake in shares of Broadcom by 47.5% during the fourth quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer's stock valued at $3,406,211,000 after purchasing an additional 3,160,586 shares during the period. Danske Bank A S purchased a new stake in shares of Broadcom during the third quarter valued at approximately $987,488,000. Massachusetts Financial Services Co. MA raised its stake in shares of Broadcom by 41.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer's stock valued at $2,811,046,000 after purchasing an additional 2,503,304 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Broadcom by 212.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,016,048 shares of the semiconductor manufacturer's stock valued at $332,714,000 after purchasing an additional 1,919,017 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the transaction, the chief financial officer owned 327,760 shares of the company's stock, valued at $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider S. Ram Velaga sold 38,841 shares of Broadcom stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the completion of the transaction, the insider directly owned 96,147 shares of the company's stock, valued at approximately $30,920,875.20. This represents a 28.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 316,282 shares of company stock worth $103,461,089. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Broadcom in a research note on Friday. UBS Group set a $475.00 price objective on shares of Broadcom and gave the company a "buy" rating in a research note on Monday, December 15th. JPMorgan Chase & Co. lifted their price objective on shares of Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday, March 5th. Citigroup lifted their price objective on shares of Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Finally, Seaport Research Partners reiterated a "neutral" rating on shares of Broadcom in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Broadcom Stock Performance

Broadcom stock opened at $379.81 on Tuesday. The company has a market cap of $1.80 trillion, a PE ratio of 74.18, a P/E/G ratio of 0.77 and a beta of 1.24. The company has a fifty day moving average price of $327.15 and a two-hundred day moving average price of $343.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. Broadcom Inc. has a 12 month low of $161.61 and a 12 month high of $414.61.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $19.31 billion during 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%. The firm's revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 earnings per share. Research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Alphabet/Google long-term deal boosts AI revenue visibility — a contract through 2031 covering future TPU generations has eased fears Google might shift suppliers, improving conviction in Broadcom's AI roadmap. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS
• Positive Sentiment: Strong recent results and AI revenue growth — Broadcom reported record Q1 revenue with AI semiconductor revenue nearly doubling year-over-year, reinforcing growth expectations for custom AI chips and networking. Great News for Broadcom Stock Investors
• Positive Sentiment: Sector tailwind and technical breakout — analysts and market commentators note a semiconductor group breakout and momentum trade that is lifting AVGO alongside peers. Semiconductors Lead Rally: Broadcom, Marvell Breakout
• Neutral Sentiment: High investor attention / bullish media coverage — Broadcom is being highlighted as a momentum and “Bull of the Day” pick, which can attract flows but also increase short-term volatility. Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Notable insider selling — several insiders have sold shares recently (including director Gayla J. Delly and other executives reporting multi-million-dollar disposals), which can be viewed as a near-term headwind for sentiment. Gayla J. Delly Insider Sale Filing Insider Selling: Broadcom Insider Sells
• Negative Sentiment: Structural risks remain — analysts (e.g., UBS) note customer-concentration and competitive pressures persist despite the Google deal, meaning long-term risk to margins and growth is not fully resolved. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.