Broadcom Inc. $AVGO Shares Sold by Capital Investment Advisory Services LLC

Key Points

• Capital Investment Advisory Services LLC trimmed its Broadcom position by 3.2% in Q4, selling 1,516 shares and leaving 46,213 shares valued at $15.99 million (about 1.1% of the firm's holdings and its 12th-largest position).
• Insider selling has been substantial recently: Charlie B. Kawwas and Mark D. Brazeal sold 39,116 and 50,488 shares respectively on March 17, and insiders have sold 324,282 shares worth $106.4 million over the past 90 days (insiders now own 1.9% of the stock).
• Analyst sentiment is broadly positive with a consensus rating of Moderate Buy and an average target of $435.30, while several firms have raised targets (e.g., Truist to $545, Rosenblatt to $500).

Capital Investment Advisory Services LLC decreased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,213 shares of the semiconductor manufacturer's stock after selling 1,516 shares during the quarter. Broadcom accounts for about 1.1% of Capital Investment Advisory Services LLC's holdings, making the stock its 12th largest holding. Capital Investment Advisory Services LLC's holdings in Broadcom were worth $15,994,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. JCIC Asset Management Inc. acquired a new position in Broadcom in the 3rd quarter worth about $31,000. Miller Global Investments LLC acquired a new position in Broadcom in the 4th quarter worth about $31,000. Manning & Napier Advisors LLC acquired a new position in Broadcom in the 3rd quarter worth about $34,000. Evolution Wealth Management Inc. acquired a new position in Broadcom in the 2nd quarter worth about $36,000. Finally, Navigoe LLC raised its holdings in Broadcom by 515.0% in the 3rd quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock worth $40,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Truist Financial increased their target price on Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a report on Thursday, March 5th. Rosenblatt Securities reissued a "buy" rating and set a $500.00 target price on shares of Broadcom in a report on Tuesday, April 7th. Mizuho set a $480.00 target price on Broadcom and gave the company an "outperform" rating in a report on Friday, January 9th. Morgan Stanley increased their target price on Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Finally, Benchmark reissued a "buy" rating and set a $485.00 target price on shares of Broadcom in a report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $435.30.

Insiders Place Their Bets

In related news, insider Charlie B. Kawwas sold 39,116 shares of the 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 transaction, the insider directly owned 74,626 shares in the company, valued at approximately $24,000,467.86. This represents a 34.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark David Brazeal sold 50,488 shares of the 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 transaction, the insider owned 278,141 shares of the company's stock, valued at $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is currently owned by insiders.

Broadcom Stock Up 0.2%

Shares of NASDAQ:AVGO opened at $380.50 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $328.36 and a two-hundred day moving average of $343.78. The stock has a market cap of $1.80 trillion, a P/E ratio of 74.32, a PEG ratio of 0.79 and a beta of 1.24. Broadcom Inc. has a 52-week low of $161.61 and a 52-week high of $414.61.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results 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 company had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm's quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.60 EPS. On average, research analysts expect 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 was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given 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 dividend payout ratio is presently 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Landmark multi-year agreement with Meta (multi‑generation through 2029) commits an initial >1GW of MTIA custom silicon and pairs Broadcom’s XPU and Ethernet networking to scale multi‑gigawatt AI clusters — this materially increases long‑term AI revenue visibility. Broadcom Announces Extended Partnership with Meta (GlobeNewswire)
• Positive Sentiment: Deals with Google and Anthropic broaden major‑customer exposure beyond hyperscalers and suggest sustained demand for Broadcom’s custom AI infrastructure over several generations. Google and Anthropic deal strengthen Broadcom (MSN)
• Positive Sentiment: Macro tailwind for AI hardware: analysts and commentators highlight Broadcom’s strong Q1 results and secular AI growth thesis, supporting higher revenue and margin expectations for custom accelerators and high‑speed networking. Broadcom: AI Is Here To Stay (Seeking Alpha)
• Neutral Sentiment: Momentum and analyst upgrades are attracting flows — multiple firms have raised targets, which can amplify short‑term upside but also increase volatility on profit‑taking. Meta, Broadcom Extend Multi-Year AI Chip Partnership (Benzinga)
• Negative Sentiment: Insider selling continues (recent sales by S. Ram Velaga and director Gayla Delly among others), which can weigh on near‑term sentiment despite strategic rationale for transactions. S. Ram Velaga insider sale (InsiderTrades)
• Negative Sentiment: Analyst caution remains: firms like UBS note customer concentration and competitive risks (NVIDIA and others) that could limit upside if hyperscalers change sourcing or pricing dynamics. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS

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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