Broadcom Inc. $AVGO Shares Bought by Kestra Private Wealth Services LLC

Key Points

• Kestra Private Wealth Services boosted its Broadcom stake by 1.8%, buying 3,815 shares to hold 216,202 shares worth about $74.83 million, making AVGO its 14th largest position (0.9% of the fund).
• Strong fundamentals and AI outlook: Broadcom beat quarterly estimates (EPS $2.05 vs. $2.03; revenue $19.31B, +29.5% YoY), has bullish analyst coverage and an outsized AI-driven demand thesis, with Q2 FY2026 results due June 3.
• Insider selling amid heavy institutional ownership: Insiders sold roughly 324,282 shares (~$106M) in the last three months while institutions own 76.43% of the stock, signaling both significant institutional interest and recent insider trimming.

Kestra Private Wealth Services LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,202 shares of the semiconductor manufacturer's stock after buying an additional 3,815 shares during the period. Broadcom accounts for 0.9% of Kestra Private Wealth Services LLC's investment portfolio, making the stock its 14th largest position. Kestra Private Wealth Services LLC's holdings in Broadcom were worth $74,828,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. JCIC Asset Management Inc. acquired a new position in Broadcom during the third quarter worth $31,000. Miller Global Investments LLC purchased a new stake in Broadcom in the fourth quarter valued at $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Broadcom in the fourth quarter valued at $33,000. Manning & Napier Advisors LLC purchased a new stake in Broadcom in the third quarter valued at $34,000. Finally, Family CFO Inc purchased a new stake in Broadcom in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI demand thesis: Bernstein says AI agent-driven chip demand is “off the charts,” implying sustained revenue upside for Broadcom’s data‑center and AI product lines. Bernstein Analyst: AI Agents Drive Chip Demand ‘Off the Charts,' Supply Can't Keep Up
• Positive Sentiment: Company AI positioning: Analysis argues Broadcom’s AI engine and silicon roadmap could power the next decade, supporting higher-margin, recurring revenue potential. Broadcom's AI Engine Could Power The Next Decade
• Positive Sentiment: Macro/sector tailwind: Nasdaq strength and AI enthusiasm continue to spotlight AVGO alongside NVDA and MU as AI infrastructure winners, supporting multiple expansion potential. AI Enthusiasm Powers Nasdaq to All-Time High: 3 Stocks to Grab
• Positive Sentiment: Product catalyst: Broadcom launched a fourth wave of Wi‑Fi 8 chips and a 10G PON chip, broadening its broadband TAM and offering near-term revenue diversification outside pure AI silicon. Broadcom’s New Wi-Fi 8 Push Adds Another Leg To Growth Story
• Positive Sentiment: Institutional buying: Manning & Napier increased its AVGO stake, a signal of continued confidence from some asset managers. Manning & Napier Boosts Broadcom Stake by 22,013 Shares
• Neutral Sentiment: Upcoming catalyst: Broadcom set its Q2 FY2026 earnings release and conference call for June 3 — a formal moment for management to reset guidance and could spark volatility. Broadcom Inc. to Announce Second Quarter Fiscal Year 2026 Financial Results on Wednesday, June 3, 2026
• Neutral Sentiment: Analyst sentiment/coverage: Multiple outlets note bullish analyst recommendations on AVGO; useful for flows but may already be priced in and can produce headline-driven volatility. Wall Street Bulls Look Optimistic About Broadcom Inc. (AVGO): Should You Buy?
• Negative Sentiment: Near-term price pressure: A Zacks note flags that AVGO dipped more than the broader market today — consistent with profit taking and rotation despite the positive fundamentals. Why Broadcom Inc. (AVGO) Dipped More Than Broader Market Today

Broadcom Price Performance

AVGO stock opened at $416.41 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.97 trillion, a PE ratio of 81.33, a P/E/G ratio of 0.87 and a beta of 1.43. Broadcom Inc. has a 12-month low of $195.94 and a 12-month high of $429.31. The business's fifty day moving average price is $347.36 and its 200 day moving average price is $349.79.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom's payout ratio is currently 50.78%.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 2,018 shares of the business's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total value of $712,354.00. Following the sale, the director owned 18,164 shares in the company, valued at approximately $6,411,892. The trade was a 10.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 1,000 shares of the business's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the sale, the director owned 32,352 shares in the company, valued at $11,592,045.12. This represents a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on AVGO. Zacks Research upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. Morgan Stanley lifted their target price on Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a research report on Friday, March 6th. Mizuho restated an "outperform" rating and issued a $480.00 target price on shares of Broadcom in a research report on Thursday, April 16th. Wolfe Research upgraded Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 target price on the stock in a research report on Friday, January 30th. Finally, Benchmark restated a "buy" rating and issued a $485.00 target price on shares of Broadcom in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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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