Broadcom Inc. $AVGO Shares Sold by MWA Asset Management

Key Points

• MWA Asset Management trimmed its Broadcom stake by 6.9% in Q4, selling 1,778 shares and leaving 23,898 shares worth $8.27 million; Broadcom remains MWA’s largest holding at 4.6% of the portfolio.
• Broadcom beat quarterly estimates (EPS $2.05 vs. $2.03; revenue $19.31B, up 29.5% YoY), has a market cap near $2 trillion, and is being driven by strong AI demand and large customer deals (including a multi‑year AI chip agreement with Meta), supporting a consensus analyst rating of "Moderate Buy" and an average target of $435.30.
• Institutional investors own about 76.4% of AVGO, while insiders have sold heavily recently (324,282 shares worth ~$106.4 million over the last 90 days), leaving insiders with roughly 1.9% ownership.

MWA Asset Management decreased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,898 shares of the semiconductor manufacturer's stock after selling 1,778 shares during the period. Broadcom makes up 4.6% of MWA Asset Management's portfolio, making the stock its largest position. MWA Asset Management's holdings in Broadcom were worth $8,271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JCIC Asset Management Inc. acquired a new position in shares of Broadcom in the 3rd quarter valued at $31,000. Miller Global Investments LLC acquired a new position in shares of Broadcom in the 4th quarter valued at $31,000. Nvest Wealth Strategies Inc. acquired a new position in Broadcom in the 4th quarter worth $33,000. Manning & Napier Advisors LLC acquired a new position in Broadcom in the 3rd quarter worth $34,000. Finally, Family CFO Inc acquired a new position in Broadcom in the 4th quarter worth $35,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 0.9%

Shares of NASDAQ:AVGO opened at $421.28 on Friday. The company's 50-day moving average price is $347.36 and its two-hundred day moving average price is $349.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. Broadcom Inc. has a one year low of $195.94 and a one year high of $429.31. The stock has a market capitalization of $1.99 trillion, a PE ratio of 82.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $19.10 billion. During the same period in the previous year, the firm posted $1.60 EPS. The company's revenue for the quarter was up 29.5% on a year-over-year basis. On average, equities analysts forecast that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.6%. Broadcom's payout ratio is 50.78%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI demand and bullish fiscal outlook — Analysts point to surging AI revenues, new XPU and networking products and a bullish fiscal‑2026 outlook as the core growth thesis supporting AVGO’s rally. Broadcom Shares Trade Near 52-Week High: Can the Rally Continue?
• Positive Sentiment: Large customer deals — Reports say Broadcom reached a multi‑year AI chip agreement with Meta, boosting near‑term revenue visibility from a top hyperscaler. Broadcom just reached a 3-year AI chip deal with Meta. Does that make AVGO stock a buy?
• Positive Sentiment: Hyperscaler capex tailwinds — Strong Google and Meta earnings and guidance point to continued AI capex (TPUs, custom networking), directly supporting Broadcom’s product demand outlook. Big-Tech Earnings: Google and Meta's Results Support Broadcom's Outlook
• Positive Sentiment: Product and market‑cap milestones — Broadcom unveiled Wi‑Fi 8 and optimized 10G PON chips for broadband and recently crossed roughly a $2 trillion valuation, reinforcing market confidence in both product roadmap and scale. Broadcom Accelerates Multi‑Gig Broadband with Optimized 10G PON and Wi‑Fi 8 Solutions for Mass Market
• Neutral Sentiment: Institutional buying — Notable investors and funds have increased stakes in AVGO, signaling confidence but not guaranteeing further upside. Alecta Pensionsforsakring Boosts Broadcom Stake by 398,900 Shares
• Neutral Sentiment: Sector rotation and comparisons — Commentary comparing AVGO to peers (AMD, NVDA) highlights relative strength but also shows investors weighing which chip names will best capture the AI build‑out. Why AMD, AVGO are outperforming Nvidia after Big Tech earnings
• Negative Sentiment: Overbought / supply risk — A Schwab analyst warns chip stocks have experienced a sharp rally and face “overhead supply” risk, suggesting potential pullbacks or increased volatility if buyers pause. Schwab Analyst: Chip Stocks Face ‘Overhead Supply' Risk After 50% Rally Off March Lows

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Broadcom from $510.00 to $545.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Wolfe Research raised shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 target price for the company in a research note on Friday, January 30th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Mizuho reaffirmed an "outperform" rating and issued a $480.00 target price on shares of Broadcom in a research note on Thursday, April 16th. Finally, Benchmark reaffirmed a "buy" rating and issued a $485.00 target price on shares of Broadcom in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

Insider Activity

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the business's stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $358.31, for a total transaction of $358,310.00. Following the sale, the director directly owned 32,352 shares of the company's stock, valued at $11,592,045.12. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 10,000 shares of the business's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total transaction of $3,452,300.00. Following the sale, the insider directly owned 787,184 shares in the company, valued at $271,759,532.32. This trade represents a 1.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is currently owned by company insiders.

About Broadcom

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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