Broadcom Inc. $AVGO Shares Bought by Bernardo Wealth Planning LLC

Key Points

• Bernardo Wealth Planning LLC boosted its stake in Broadcom (AVGO) by 143.3% in Q4, adding 1,667 shares to hold 2,830 shares valued at about $979,000.
• Broadcom extended its AI partnership with Meta into 2029 and is being framed as a challenger to NVIDIA by combining custom silicon, software and hyperscaler deals, while also expanding AI-related offerings like the Arcot Smart Ruleset.
• Insiders have been significant net sellers recently — they sold 324,282 shares worth roughly $106.4 million in the last 90 days (insiders now own 1.90%), while institutional investors hold about 76.43% of the stock.

Bernardo Wealth Planning LLC grew its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 143.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,830 shares of the semiconductor manufacturer's stock after purchasing an additional 1,667 shares during the quarter. Bernardo Wealth Planning LLC's holdings in Broadcom were worth $979,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Miller Global Investments LLC acquired a new position in Broadcom during the fourth quarter worth about $31,000. JCIC Asset Management Inc. acquired a new position in Broadcom during the third quarter worth about $31,000. Family CFO Inc acquired a new position in Broadcom during the fourth quarter worth about $35,000. Manning & Napier Advisors LLC acquired a new position in Broadcom during the third quarter worth about $34,000. Finally, Navigoe LLC boosted its position 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 acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom News Roundup

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

Insiders Place Their Bets

In other news, insider Mark David Brazeal sold 50,488 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 shares of the company's 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 $11,671,507.20. Following the completion of the transaction, the chief financial officer owned 327,760 shares in the company, valued at approximately $105,407,616. This represents a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 324,282 shares of company stock worth $106,425,249. Company insiders own 1.90% of the company's stock.

Broadcom Stock Performance

Shares of Broadcom stock opened at $402.17 on Wednesday. Broadcom Inc. has a 52 week low of $165.22 and a 52 week high of $414.61. The business's fifty day simple moving average is $335.72 and its 200-day simple moving average is $346.14. The firm has a market cap of $1.90 trillion, a PE ratio of 78.55, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24. 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 (NASDAQ:AVGO - Get Free Report) last announced its quarterly 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 analyst estimates of $19.10 billion. During the same quarter in the prior year, the company posted $1.60 EPS. The company's quarterly revenue was up 29.5% on a year-over-year basis. Equities analysts forecast that Broadcom Inc. will post 9.95 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 paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's dividend payout ratio is 50.78%.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Broadcom from $462.00 to $470.00 and gave the stock an "overweight" rating in a research report on Friday, March 6th. Wolfe Research upgraded shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research report on Friday, January 30th. Bank of America lowered their price objective on Broadcom from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, March 5th. Mizuho set a $480.00 price objective on Broadcom and gave the stock an "outperform" rating in a research note on Friday, January 9th. Finally, Citigroup boosted their price objective on Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

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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