Broadcom Inc. $AVGO Shares Sold by Reliant Investment Management LLC

Key Points

• Reliant Investment Management trimmed its Broadcom stake by 11% in Q4, selling 7,173 shares and finishing the quarter with 58,003 shares worth about $20.08 million, making AVGO 8.1% of Reliant’s portfolio and its largest holding.
• Broadcom has locked multi‑year AI chip deals with Google and Anthropic, driving positive sentiment and a stock rally, though analyst views remain mixed (consensus "Moderate Buy," target ≈ $435).
• Insiders have been net sellers — 315,282 shares (~$103.1M) sold in the last 90 days including recent sales by Charlie B. Kawwas and director Justine Page — even as Broadcom posted a slight quarterly earnings beat and pays a $0.65 quarterly dividend (≈0.7% yield).

Reliant Investment Management LLC trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,003 shares of the semiconductor manufacturer's stock after selling 7,173 shares during the quarter. Broadcom accounts for about 8.1% of Reliant Investment Management LLC's portfolio, making the stock its biggest holding. Reliant Investment Management LLC's holdings in Broadcom were worth $20,075,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Baring Financial LLC lifted its holdings in Broadcom by 2.2% in the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer's stock valued at $470,000 after acquiring an additional 29 shares during the last quarter. Five Oceans Advisors lifted its holdings in Broadcom by 0.4% in the 4th quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer's stock valued at $2,835,000 after acquiring an additional 29 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its holdings in Broadcom by 0.6% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer's stock valued at $1,577,000 after acquiring an additional 30 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its holdings in Broadcom by 1.4% in the 3rd quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer's stock valued at $716,000 after acquiring an additional 30 shares during the last quarter. Finally, Private Wealth Partners LLC lifted its holdings in Broadcom by 0.7% in the 3rd quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock valued at $1,410,000 after acquiring an additional 30 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year AI chip deals with hyperscalers (Google, Anthropic), underpinning expectations for durable, high‑margin AI revenue growth and licensing/accelerator demand. Article Title
• Positive Sentiment: Market writeups credit the Google/Anthropic deals for today’s rally and re‑rate Broadcom as a major AI infrastructure beneficiary vs. peers — coverage notes that Broadcom’s business model (custom accelerators + networking) captures hyperscaler capex. Article Title
• Positive Sentiment: Large investors and well‑known managers appear to be increasing exposure (reports on Israel Englander, Ken Fisher adding AVGO), which supports institutional momentum and can amplify price moves. Article Title
• Neutral Sentiment: Short‑interest data in the April snapshot is effectively meaningless (shows zero/NaN), so it provides no actionable signal about bearish positioning or squeeze risk at present.
• Negative Sentiment: Analyst/framing pushback: Seaport Global downgraded Broadcom and Seaport Research gave a "Neutral" rating, while at least one major bank reset its forecast — these notes reflect concern about industry limits, margins sustainability, or valuation and may cap upside until clarity on deal economics arrives. Article Title Article Title

Broadcom Stock Performance

Shares of AVGO opened at $371.46 on Friday. Broadcom Inc. has a one year low of $161.61 and a one year high of $414.61. The company has a 50-day moving average of $326.18 and a two-hundred day moving average of $343.09. The stock has a market cap of $1.76 trillion, a price-to-earnings ratio of 72.55, a PEG ratio of 0.74 and a beta of 1.24. 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 (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm's revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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 $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's dividend payout ratio is 50.78%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AVGO. Mizuho set a $480.00 price target on shares of Broadcom and gave the company an "outperform" rating in a report on Friday, January 9th. Robert W. Baird set a $420.00 target price on shares of Broadcom in a report on Friday, December 12th. Benchmark reiterated a "buy" rating and issued a $485.00 target price on shares of Broadcom in a report on Thursday, March 5th. Morgan Stanley raised their target price on shares of Broadcom from $462.00 to $470.00 and gave the stock an "overweight" rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada decreased their target price on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a report on Monday, March 2nd. Two equities research 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Insiders Place Their Bets

In other news, insider Charlie B. Kawwas sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total value of $3,452,300.00. Following the completion of the sale, the insider directly owned 787,184 shares of the company's stock, valued at $271,759,532.32. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 2,018 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director directly owned 18,164 shares of the company's stock, valued at $6,411,892. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 315,282 shares of company stock valued at $103,102,779 over the last ninety days. 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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