Broadcom Inc. $AVGO Shares Bought by Smithfield Trust Co

Key Points

• Smithfield Trust Co increased its Broadcom stake by 10.7% in the fourth quarter, adding 1,651 shares and bringing its total holding to 17,102 shares valued at about $5.9 million.
• Broadcom reported better-than-expected quarterly results, with EPS of $2.05 and revenue of $19.31 billion, while revenue rose 29.5% year over year.
• The company also declared a quarterly dividend of $0.65 per share, and analysts remain broadly positive with a consensus rating of “Moderate Buy” and an average price target of $454.55.

Smithfield Trust Co boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,102 shares of the semiconductor manufacturer's stock after buying an additional 1,651 shares during the period. Smithfield Trust Co's holdings in Broadcom were worth $5,912,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. AR Asset Management Inc. acquired a new position in Broadcom during the fourth quarter worth approximately $623,000. Bleakley Financial Group LLC increased its position in Broadcom by 10.0% during the fourth quarter. Bleakley Financial Group LLC now owns 181,934 shares of the semiconductor manufacturer's stock worth $62,967,000 after buying an additional 16,565 shares during the period. Box Hill Private Wealth LLC acquired a new position in Broadcom during the fourth quarter worth approximately $1,650,000. Marshall Investment Management LLC increased its position in Broadcom by 12.1% during the fourth quarter. Marshall Investment Management LLC now owns 834 shares of the semiconductor manufacturer's stock worth $289,000 after buying an additional 90 shares during the period. Finally, Cary Street Partners Financial LLC increased its position in Broadcom by 1.1% during the fourth quarter. Cary Street Partners Financial LLC now owns 38,985 shares of the semiconductor manufacturer's stock worth $13,493,000 after buying an additional 423 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 4.7%

NASDAQ:AVGO opened at $446.77 on Friday. The firm has a market cap of $2.12 trillion, a P/E ratio of 87.26, a PEG ratio of 0.92 and a beta of 1.43. 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 stock's 50 day simple moving average is $383.52 and its 200-day simple moving average is $358.56. Broadcom Inc. has a 12-month low of $234.90 and a 12-month high of $448.90.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. Equities analysts anticipate that Broadcom Inc. will post 9.91 EPS for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 36,292 shares of the business'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 value of $11,671,507.20. Following the transaction, the chief financial officer owned 327,760 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 39,116 shares of Broadcom stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.61, for a total value of $12,580,096.76. Following the completion of the sale, the insider owned 74,626 shares in the company, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AVGO has been the topic of several research analyst reports. Mizuho reaffirmed an "outperform" rating and set a $480.00 price target on shares of Broadcom in a research report on Thursday, April 16th. TD Cowen reaffirmed a "buy" rating and set a $500.00 price target (up from $405.00) on shares of Broadcom in a research report on Friday, May 15th. Benchmark reaffirmed a "buy" rating and set a $485.00 price target on shares of Broadcom in a research report on Thursday, March 5th. Royal Bank Of Canada cut their price target on Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a research report on Monday, March 2nd. Finally, Wall Street Zen lowered Broadcom from a "buy" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $454.55.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom continues to be highlighted as a key behind-the-scenes AI winner, with articles arguing its revenue and earnings could more than double between FY25 and FY27 as demand for AI infrastructure remains strong. Best AI Stocks to Buy in June and Hold Forever: AVGO
• Positive Sentiment: Broadcom was also named one of Claude AI’s top stock picks for 2026, reinforcing the market’s view that the company is a leading AI infrastructure play. Broadcom (AVGO) is Among Claude AI’s Top Stock Picks for 2026
• Positive Sentiment: Investor sentiment remains constructive after Broadcom unveiled new edge-AI networking silicon and a Samsung partnership for fixed wireless access, which could expand its footprint in next-gen connectivity. Broadcom's BCM68850 Boosts AVGO's Edge AI Push: More Upside Ahead?
• Positive Sentiment: Broadcom was featured in commentary from Jim Cramer and other market-watch articles emphasizing its custom chips for major hyperscalers and its strong long-term positioning in AI infrastructure. Jim Cramer Explains “Why We’ve Stuck With Broadcom”
• Neutral Sentiment: Several pieces noted that AVGO is one of the market’s most watched semiconductor names, with traders focusing on whether the recent rally can continue near resistance and ahead of upcoming earnings. Broadcom Inc. (AVGO) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: There was also some caution around the broader chip sector, with articles warning that the AI/silicon rally may be getting extended and could be vulnerable if growth expectations cool. What If Chip Stocks Aren't in a Supercycle After All?
• Negative Sentiment: Discovery Capital Management disclosed a sale of 83,200 Broadcom shares, a modest headwind that could signal some profit-taking by a large holder. Discovery Capital Management pares Broadcom stake, sells 83,200 shares

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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