Broadcom Inc. $AVGO Shares Purchased by Ridgecrest Wealth Partners LLC

Key Points

• Ridgecrest Wealth Partners boosted its Broadcom stake by 504.8% in Q4, buying an additional 18,646 shares to hold 22,340 shares worth $7.73M, which represents about 4.2% of its portfolio and is its 6th largest holding.
• Broadcom has secured expanded multi‑year AI deals — notably with Meta through 2029 — and additional agreements with Google and Anthropic, alongside new VMware Tanzu software offerings, which together raise long‑term AI revenue visibility.
• Broadcom beat quarterly estimates (EPS $2.05 vs $2.03) with revenue of $19.31B (+29.5% y/y), has a $1.88T market cap and a $0.65 quarterly dividend (0.7% yield), but recent insider selling and mixed analyst actions add near‑term sentiment risks.

Ridgecrest Wealth Partners LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 504.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,340 shares of the semiconductor manufacturer's stock after acquiring an additional 18,646 shares during the quarter. Broadcom accounts for about 4.2% of Ridgecrest Wealth Partners LLC's investment portfolio, making the stock its 6th largest holding. Ridgecrest Wealth Partners LLC's holdings in Broadcom were worth $7,732,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AVGO. JCIC Asset Management Inc. acquired a new stake in Broadcom during the 3rd quarter worth about $31,000. Miller Global Investments LLC acquired a new stake in Broadcom during the 4th quarter worth about $31,000. Manning & Napier Advisors LLC acquired a new stake in Broadcom during the 3rd quarter worth about $34,000. Navigoe LLC boosted its position in Broadcom by 515.0% during the 3rd quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock worth $40,000 after acquiring an additional 103 shares during the period. Finally, Stone House Investment Management LLC boosted its position in Broadcom by 600.0% during the 3rd quarter. Stone House Investment Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $46,000 after acquiring an additional 120 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Up 4.2%

AVGO opened at $396.72 on Thursday. The business has a 50 day moving average price of $330.13 and a 200 day moving average price of $344.15. Broadcom Inc. has a twelve month low of $161.61 and a twelve month high of $414.61. 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 market cap of $1.88 trillion, a P/E ratio of 77.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping 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 firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same period in the previous year, the company earned $1.60 EPS. The company's revenue for the quarter was up 29.5% on a year-over-year basis. Research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently announced 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 yield of 0.7%. The ex-dividend date was Monday, March 23rd. Broadcom's payout ratio is 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Expanded multi‑year AI deal with Meta (through 2029) commits an initial >1GW of custom MTIA silicon and uses Broadcom’s XPU and Ethernet networking to scale multi‑gigawatt AI clusters — materially raises long‑term AI revenue visibility. Read More.
• Positive Sentiment: Broader hyperscaler footprint — additional deals referenced with Google and Anthropic expand customer exposure beyond a single partner, supporting sustained demand for Broadcom’s custom accelerators and networking. Read More.
• Positive Sentiment: New software for AI deployments — Broadcom announced VMware Tanzu Platform agent foundations to accelerate secure, agentic AI applications on VMware Cloud, extending its addressable market into AI infrastructure software. Read More.
• Neutral Sentiment: Market/analyst momentum is lifting AVGO alongside semiconductor peers; multiple firms have raised price targets which can amplify flows but also raise volatility on profit‑taking. Read More.
• Negative Sentiment: Insider selling persists (recent multi‑million dollar sales by S. Ram Velaga and other insiders), a near‑term sentiment headwind even as strategic deals are executed. Read More.
• Negative Sentiment: Analyst caution / competitive risk — some firms warn about customer concentration and NVIDIA/other competitive pressures; one rating downgrade highlights execution and sourcing risk if hyperscalers change strategies. Read More. Read More.

Analyst Ratings Changes

A number of brokerages have commented on AVGO. Royal Bank Of Canada decreased their price objective on Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a research report on Monday, March 2nd. Benchmark restated a "buy" rating and set a $485.00 price objective on shares of Broadcom in a research report on Thursday, March 5th. DA Davidson upgraded Broadcom to a "hold" rating in a research report on Friday, February 13th. Rosenblatt Securities reiterated a "buy" rating and set a $500.00 price target on shares of Broadcom in a report on Tuesday, April 7th. Finally, Zacks Research upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has a consensus rating of "Moderate Buy" and an average target price of $435.30.

Insider Transactions at Broadcom

In related news, insider Charlie B. Kawwas sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total value of $3,452,300.00. Following the completion of the sale, the insider directly owned 787,184 shares in the company, valued at approximately $271,759,532.32. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark David Brazeal sold 50,488 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 $16,236,940.80. Following the completion of the sale, the insider owned 278,141 shares of the company's stock, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is currently owned by company insiders.

Broadcom Company 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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