Broadcom Inc. $AVGO Shares Sold by PFG Advisors

Key Points

• PFG Advisors cut its Broadcom stake by 33.5%, selling 20,346 shares in Q4 and now holds 40,323 shares worth about $13.96 million (Broadcom is 0.7% of the fund’s portfolio).
• Broadcom posted strong Q results — $2.05 EPS (beat), $19.31B revenue (up 29.5% YoY) — and trades with a ~$1.9 trillion market cap amid bullish analyst targets and momentum from AI partner news.
• Despite high institutional ownership (76.43%), insiders have recently sold material stock (324,282 shares worth ~$106.4M over the last three months), signaling notable insider distribution.

PFG Advisors cut its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 33.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,323 shares of the semiconductor manufacturer's stock after selling 20,346 shares during the quarter. Broadcom comprises 0.7% of PFG Advisors' portfolio, making the stock its 28th biggest position. PFG Advisors' holdings in Broadcom were worth $13,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Advisors LLC increased its stake in Broadcom by 34.6% during the fourth quarter. Legacy Advisors LLC now owns 7,497 shares of the semiconductor manufacturer's stock worth $2,595,000 after acquiring an additional 1,928 shares during the last quarter. Bonfire Financial acquired a new stake in Broadcom during the fourth quarter worth about $275,000. Richards Merrill & Peterson Inc. increased its stake in Broadcom by 41.0% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,963 shares of the semiconductor manufacturer's stock worth $1,718,000 after acquiring an additional 1,442 shares during the last quarter. Prakash Investment Advisors LLC increased its stake in Broadcom by 5.7% during the fourth quarter. Prakash Investment Advisors LLC now owns 14,650 shares of the semiconductor manufacturer's stock worth $5,070,000 after acquiring an additional 790 shares during the last quarter. Finally, Retirement Income Solutions Inc. increased its stake in Broadcom by 6.0% during the fourth quarter. Retirement Income Solutions Inc. now owns 1,713 shares of the semiconductor manufacturer's stock worth $593,000 after acquiring an additional 97 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Down 4.4%

NASDAQ:AVGO opened at $399.83 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's 50 day moving average is $344.25 and its two-hundred day moving average is $348.93. Broadcom Inc. has a 52 week low of $184.02 and a 52 week high of $429.31. The company has a market cap of $1.89 trillion, a PE ratio of 78.09, a P/E/G ratio of 0.86 and a beta of 1.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter last year, the business posted $1.60 EPS. Broadcom's quarterly revenue was up 29.5% compared to the same quarter last year. On average, analysts predict that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd. Broadcom's dividend payout ratio is presently 50.78%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Big partner momentum — Broadcom’s rally has been bolstered by partnership/news flow (notably Google’s new AI chip roadmap) that helped push the stock to record market‑cap levels, reinforcing the company’s custom AI-silicon narrative. Read More.
• Positive Sentiment: Strong analyst conviction — Street coverage is overwhelmingly bullish (most analysts rate AVGO a Buy and 12‑month targets imply double‑digit upside), which underpins longer‑term demand from institutions. Read More.
• Positive Sentiment: Upgraded price‑target narratives and bullish writeups are feeding momentum trades and ETF inflows into semiconductors, supporting AVGO’s valuation case amid strong revenue growth and expanding custom‑silicon sales. Read More.
• Neutral Sentiment: Semi/AI ETF dynamics are amplifying moves both ways — sector ETFs and momentum products have been heavy buyers recently, which can accelerate upside but also amplify volatility on headlines. Read More.
• Negative Sentiment: OpenAI miss spooked the AI infrastructure trade — reports that OpenAI missed internal user/revenue goals rattled hyperscaler capex expectations and triggered a sector pullback that pressured Broadcom along with other AI‑exposed chip names. Read More.
• Negative Sentiment: Broad sector weakness — broader declines in AI chip leaders (reported by Barron's) and short‑term technical/profit‑taking flows have pulled AVGO down despite the positive fundamentals. Read More.
• Negative Sentiment: Near‑term trading volatility: market‑timed pullbacks and headline risk are already reflected in recent intraday declines — watch quarterly cadence, hyperscaler order disclosures, and any update on customer concentration risk. Read More.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Benchmark reiterated a "buy" rating and issued a $485.00 target price on shares of Broadcom in a research note on Thursday, March 5th. JPMorgan Chase & Co. increased their target price on Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday, March 5th. Citigroup increased their target price on Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Seaport Research Partners reiterated a "neutral" rating on shares of Broadcom in a research note on Wednesday, April 8th. Finally, Bank of America lowered their target price on Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $435.30.

Insider Buying and Selling at Broadcom

In other news, Director Gayla J. Delly sold 1,000 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was 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 in the company, valued at approximately $11,592,045.12. This represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the 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 sale, the insider owned 787,184 shares in the company, valued at $271,759,532.32. The trade was a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 324,282 shares of company stock worth $106,425,249. Corporate insiders own 1.90% of the company's stock.

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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