Broadcom Inc. $AVGO Shares Purchased by Sovran Advisors LLC

Key Points

• Sovran Advisors LLC increased its stake in Broadcom by 121.3% in Q4, buying an additional 16,789 shares to hold 30,631 shares worth about $10.51 million, making Broadcom its 21st-largest holding (0.9% of its portfolio).
• Broadcom secured multi-year TPU and networking supply deals with Google and expanded commitments with Anthropic (including ~3.5 GW of TPU capacity starting 2027), boosting multi-year revenue visibility and helping drive analyst sentiment that implies roughly a ~33% upside from current price targets.
• Offsetting buy-side interest, company insiders sold a total of 273,049 shares worth about $88.3 million last quarter; institutional ownership remains high at 76.43% while insiders hold 1.90% of the stock.

Sovran Advisors LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 121.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,631 shares of the semiconductor manufacturer's stock after buying an additional 16,789 shares during the quarter. Broadcom accounts for approximately 0.9% of Sovran Advisors LLC's holdings, making the stock its 21st biggest holding. Sovran Advisors LLC's holdings in Broadcom were worth $10,507,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom in the second quarter worth about $28,000. JCIC Asset Management Inc. acquired a new position in Broadcom in the third quarter worth about $31,000. Miller Global Investments LLC acquired a new position in Broadcom in the fourth quarter worth about $31,000. Manning & Napier Advisors LLC acquired a new position in Broadcom in the third quarter worth about $34,000. Finally, Evolution Wealth Management Inc. acquired a new position in Broadcom in the second quarter worth about $36,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year TPU and networking supply agreements with Google and expanded Anthropic commitments (including ~3.5 GW of TPU capacity starting 2027), giving multi‑year revenue visibility for chips and networking components. Broadcom Is Making AI Chips with Google. Does That Make AVGO Stock a Buy Now?
• Positive Sentiment: Market/industry coverage frames the Google deal as evidence Broadcom is competing with NVIDIA for hyperscaler AI infrastructure spend, supporting a narrative of structural demand growth for AVGO’s custom AI and networking products. Bloomberg: Broadcom's Google deal proves AI infrastructure demand competing with Nvidia
• Positive Sentiment: Wall Street analysts’ average price targets imply meaningful upside (Zacks highlights a ~33% consensus potential), and several bullish notes/coverage reiterations (e.g., Rosenblatt) are supporting buying interest. Wall Street Analysts Think Broadcom Inc. (AVGO) Could Surge 33.37% Rosenblatt Reiterates Buy for Broadcom
• Neutral Sentiment: Bank of America and other firms have updated forecasts and price targets (resets that reflect both the new deals and valuation questions) — useful for investors but not a clear directional signal alone. Bank of America resets Broadcom stock forecast
• Neutral Sentiment: Corporate developments include a new CFO appointment and product launches (Arcot Smart Ruleset); these are operationally relevant but are incremental versus the AI partnership news. Broadcom is getting a new CFO Broadcom Launches the Arcot Smart Ruleset
• Negative Sentiment: Seaport Global / Seaport Research recently downgraded Broadcom (cut to Neutral) and argued the company may be hitting industry limits — these downgrades increase short‑term sell pressure and raise valuation concerns among some institutional investors. Broadcom downgraded by Seaport Research Seaport Global downgrades Broadcom

Broadcom Price Performance

NASDAQ AVGO opened at $354.91 on Friday. Broadcom Inc. has a 52 week low of $161.61 and a 52 week high of $414.61. 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 has a market cap of $1.68 trillion, a price-to-earnings ratio of 69.32, a price-to-earnings-growth ratio of 0.73 and a beta of 1.24. The company has a 50-day moving average price of $325.37 and a two-hundred day moving average price of $342.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. Broadcom's quarterly revenue was up 29.5% on a year-over-year basis. Analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given a $0.65 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio is 50.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AVGO shares. Zacks Research upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 2nd. Citigroup lifted their price target on Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Bank of America decreased their price target on Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Wolfe Research upgraded Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target for the company in a research note on Friday, January 30th. Finally, Barclays reiterated an "overweight" rating and set a $500.00 price objective (up from $450.00) on shares of Broadcom in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the company's stock in a transaction dated 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 transaction, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charlie B. Kawwas sold 39,116 shares of the company's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the completion of the transaction, the insider owned 74,626 shares of the company's stock, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 273,049 shares of company stock worth $88,300,115 in the last quarter. Company insiders own 1.90% of the company's stock.

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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