Broadcom Inc. $AVGO Shares Sold by Hager Investment Management Services LLC

Key Points

• Hager Investment Management Services LLC trimmed its Broadcom stake by 8.4% in Q4, selling 2,653 shares and ending the quarter with 28,951 shares worth about $10.02 million, which is 5.5% of the fund's portfolio and its largest holding.
• Insider selling was significant: S. Ram Velaga and CFO Kirsten M. Spears sold large blocks on March 17, and insiders disposed of 324,282 shares totaling about $106.4 million in the last quarter.
• Growth outlook is supported by multi‑year AI deals with Meta, Google and Anthropic plus a strong Q1 (revenue +29.5% and an EPS beat), and analysts hold a consensus "Moderate Buy" rating with a $435.30 price target.

Hager Investment Management Services LLC cut its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,951 shares of the semiconductor manufacturer's stock after selling 2,653 shares during the quarter. Broadcom comprises 5.5% of Hager Investment Management Services LLC's portfolio, making the stock its biggest position. Hager Investment Management Services LLC's holdings in Broadcom were worth $10,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Providence First Trust Co grew its stake in Broadcom by 1,099.3% during the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer's stock valued at $2,944,000 after purchasing an additional 8,179 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Broadcom by 3.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer's stock valued at $109,492,000 after buying an additional 10,786 shares during the last quarter. Lmcg Investments LLC grew its position in shares of Broadcom by 9.4% during the third quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer's stock worth $12,854,000 after buying an additional 3,357 shares in the last quarter. Wright Investors Service Inc. grew its position in shares of Broadcom by 5.4% during the third quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer's stock worth $13,909,000 after buying an additional 2,178 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Broadcom by 10.7% during the third quarter. Brown Brothers Harriman & Co. now owns 77,411 shares of the semiconductor manufacturer's stock worth $25,539,000 after buying an additional 7,499 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Erste Group Bank downgraded shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Bank of America decreased their price target on shares of Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, March 5th. Seaport Research Partners reissued a "neutral" rating on shares of Broadcom in a research report on Wednesday, April 8th. Mizuho set a $480.00 price target on shares of Broadcom and gave the stock an "outperform" rating in a research report on Friday, January 9th. Finally, Royal Bank Of Canada decreased their price target on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Insider Transactions at Broadcom

In other news, insider S. Ram Velaga sold 38,841 shares of Broadcom 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 $12,491,265.60. Following the completion of the transaction, the insider owned 96,147 shares in the company, valued at approximately $30,920,875.20. This trade represents a 28.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom 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 completion of 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 324,282 shares of company stock worth $106,425,249 in the last quarter. Insiders own 1.90% of the company's stock.

Broadcom Price Performance

Shares of AVGO opened at $380.50 on Wednesday. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 74.32, a PEG ratio of 0.79 and a beta of 1.24. The stock has a 50 day moving average of $328.36 and a 200-day moving average of $343.78. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. 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 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. The company had revenue of $19.31 billion during 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 business's revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 EPS. As a group, 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. Stockholders 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 dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 50.78%.

Trending Headlines about Broadcom

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 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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