Broadcom Inc. $AVGO Shares Acquired by Sunpointe LLC

Key Points

• Sunpointe LLC increased its stake in Broadcom by 5.6% in Q4 to 26,443 shares (about $9.15M), making AVGO 3.0% of its portfolio and its fourth-largest holding.
• Insiders have been net sellers recently: Mark David Brazeal sold 50,488 shares and S. Ram Velaga sold 38,841 shares on March 17 (at ~$321.60), and insiders have sold 324,282 shares (~$106.4M) over the last 90 days, leaving insiders with 1.9% ownership.
• Wall Street is broadly positive with an average rating of "Moderate Buy" and a consensus price target of $435.30, while Broadcom's AI momentum — including an extension of its AI partnership with Meta into 2029 — underpins the growth thesis.

Sunpointe LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,443 shares of the semiconductor manufacturer's stock after purchasing an additional 1,400 shares during the quarter. Broadcom comprises 3.0% of Sunpointe LLC's investment portfolio, making the stock its 4th biggest position. Sunpointe LLC's holdings in Broadcom were worth $9,152,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Baring Financial LLC raised its stake in Broadcom by 2.2% during the fourth quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer's stock worth $470,000 after acquiring an additional 29 shares in the last quarter. Five Oceans Advisors raised its stake in Broadcom by 0.4% during the fourth quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer's stock worth $2,835,000 after acquiring an additional 29 shares in the last quarter. Arthur M. Cohen & Associates LLC raised its stake in Broadcom by 0.6% during the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer's stock worth $1,577,000 after acquiring an additional 30 shares in the last quarter. Jackson Hole Capital Partners LLC raised its stake in Broadcom by 1.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer's stock worth $716,000 after acquiring an additional 30 shares in the last quarter. Finally, Private Wealth Partners LLC raised its stake in Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock worth $1,410,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup boosted their target price on Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Mizuho set a $480.00 price objective on Broadcom and gave the company an "outperform" rating in a research note on Friday, January 9th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Broadcom in a research note on Tuesday, April 7th. Wolfe Research raised Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Broadcom in a research note on Friday, April 10th. 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $435.30.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the transaction, the insider directly owned 278,141 shares in the company, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider S. Ram Velaga sold 38,841 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider owned 96,147 shares in the company, valued at $30,920,875.20. The trade was a 28.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 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.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom extended its AI partnership with Meta into 2029, a move investors view as revenue/visibility extending the company’s AI chip pipeline and helping push shares toward the $400 area. Broadcom & Meta Extend AI Pact Into 2029 as Shares Climb to $400
• Positive Sentiment: Analysis argues Broadcom is an active challenger to NVIDIA in AI by pairing custom silicon with software and hyperscaler deals — a narrative that supports re-rating expectations for AVGO. How Broadcom Challenges Nvidia’s Grip On AI
• Positive Sentiment: Broadcom launched the Arcot Smart Ruleset, an ML-driven fraud solution for payments — signaling diversification of its AI revenue stream beyond chips and into software/security. Broadcom Extends AI Story With Arcot Smart Ruleset In Payments
• Neutral Sentiment: Shareholders backed Broadcom’s board, auditor and executive pay at the 2026 annual meeting — governance support that removes a potential corporate governance overhang but is unlikely to change near-term fundamentals. Broadcom Shareholders Back Board, Auditor and Executive Pay
• Neutral Sentiment: Notable insider/retail interest reports (e.g., public filings showing Nancy Pelosi exercised calls) can draw attention but have limited fundamental impact. Broadcom Inc. (AVGO): Nancy Pelosi Is Trading This Chip Stock
• Negative Sentiment: Reports that Marvell is in talks to help Google design AI chips lifted Marvell and weighed on Broadcom, highlighting competitive risk from other silicon vendors and putting short-term pressure on AVGO. Marvell pops on report it will help Google with custom AI chips. Broadcom shares sink
• Negative Sentiment: Critical analyst pieces argue Broadcom’s growth story may be priced for perfection, flagging margin and macro risk that could limit upside if execution slips. Broadcom: Things Might Look Rosy, But I'm Not Buying The Growth Story

Broadcom Stock Performance

Shares of AVGO stock opened at $402.17 on Wednesday. The business's 50 day simple moving average is $335.72 and its 200 day simple moving average is $346.14. Broadcom Inc. has a one year low of $165.22 and a one year high of $414.61. The stock has a market capitalization of $1.90 trillion, a PE ratio of 78.55, a PEG ratio of 0.83 and a beta of 1.24. 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 (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The firm's revenue was up 29.5% on a year-over-year basis. As a group, research analysts forecast that Broadcom Inc. will post 9.95 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom's dividend payout ratio is presently 50.78%.

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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