Broadcom Inc. $AVGO Shares Purchased by Fulton Bank N.A.

Key Points

• Fulton Bank N.A. increased its stake in Broadcom by 4.1% in Q4, owning 89,249 shares worth $30.89 million, which represents 1.1% of the bank’s portfolio and is its 23rd-largest holding.
• Company insiders have been net sellers recently — Charlie B. Kawwas sold 39,116 shares and Mark D. Brazeal sold 50,488 shares on March 17, and insiders have disposed of 428,970 shares (~$142.6 million) in the past three months, leaving insiders with 1.90% ownership.
• Broadcom beat quarterly expectations with EPS $2.05 and revenue of $19.31 billion (up 29.5% YoY), announced a $0.65 quarterly dividend ($2.60 annual, 0.8% yield), and trades at a $1.51 trillion market cap with a P/E of 62.17.

Fulton Bank N.A. increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,249 shares of the semiconductor manufacturer's stock after buying an additional 3,537 shares during the quarter. Broadcom comprises 1.1% of Fulton Bank N.A.'s investment portfolio, making the stock its 23rd biggest holding. Fulton Bank N.A.'s holdings in Broadcom were worth $30,889,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America purchased a new position in shares of Broadcom during the second quarter worth approximately $28,000. JCIC Asset Management Inc. acquired a new position in shares of Broadcom in the 3rd quarter valued at $31,000. Miller Global Investments LLC purchased a new stake in Broadcom in the 4th quarter valued at $31,000. Manning & Napier Advisors LLC acquired a new stake in Broadcom during the 3rd quarter worth $34,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Broadcom during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 39,116 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The stock was 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 directly owned 74,626 shares of the company's stock, valued at $24,000,467.86. This trade represents a 34.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of Broadcom 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 completion of the sale, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 428,970 shares of company stock worth $142,585,321 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

Broadcom Stock Down 1.3%

Shares of Broadcom stock opened at $318.29 on Wednesday. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The company has a market cap of $1.51 trillion, a P/E ratio of 62.17, a PEG ratio of 0.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The firm has a fifty day moving average of $329.11 and a two-hundred day moving average of $345.61.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping 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 net margin of 36.57% and a return on equity of 38.61%. The business's revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 earnings per share. On average, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd. Broadcom's payout ratio is currently 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Bullish AI revenue thesis — analysts and Broadcom management signal very large AI revenue potential (management sees >$100B in 2027; analysts model materially higher using gigawatt math), supporting long-term upside. Why Broadcom's $100B AI Revenue Forecast May Be Conservative
• Positive Sentiment: Bernstein upgrade and analyst bullishness have buoyed sentiment and drove recent gains — a catalyst for positive reassessment of growth prospects. Broadcom Stock Surges on Bernstein Upgrade
• Positive Sentiment: Infrastructure software momentum — launch of Symantec CBX and strong Infrastructure Software/VMware bookings point to recurring revenue growth and higher margins. AVGO's Symantec CBX Expands Security Portfolio
• Positive Sentiment: New government/defense win — Broadcom’s DISA/Carahsoft agreement and near-$1B defense contract add a stable, high-value customer channel. Defense Contract
• Neutral Sentiment: Media and analyst coverage remains largely favorable (buy-and-hold narratives, Jim Cramer mentions) but mostly reiterative rather than new information. Jim Cramer Coverage
• Neutral Sentiment: Short-interest entries appear to show data anomalies (zeros/NaN); not actionable as reported but worth monitoring if accurate updates follow.
• Negative Sentiment: Supply-chain risk — Broadcom flagged TSMC capacity constraints and other component shortages, which could limit the company’s ability to fulfill fast-growing AI demand and press near-term revenues. TSMC Capacity Bottleneck
• Negative Sentiment: Regulatory/legal risk — a formal EU antitrust complaint over VMware licensing could lead to regulatory scrutiny, potential remedies or fines in Europe that would affect the infrastructure software business. EU Antitrust Complaint

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent research reports. Weiss Ratings restated a "buy (b)" rating on shares of Broadcom in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the stock a "buy" rating in a research note on Friday, December 12th. Citigroup raised their price target on Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Sanford C. Bernstein restated an "outperform" rating and issued a $475.00 price target (up from $400.00) on shares of Broadcom in a research report on Friday, December 12th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $500.00 price objective (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

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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