Broadcom Inc. $AVGO Shares Sold by Yousif Capital Management LLC

Key Points

• Yousif Capital Management trimmed its stake in Broadcom by 5.4%, selling 28,992 shares and leaving 509,938 shares worth about $169.6 million (making Broadcom its 6th largest holding).
• Broadcom reported strong results and AI momentum—Q4 revenue of $19.31 billion (up 29.5%) and EPS of $2.05 beat estimates, and multi‑year deals with Google and Anthropic have boosted analyst upgrades and price targets.
• Significant insider selling could pressure sentiment: insiders sold 316,282 shares (~$103.5 million) in the last quarter (including recent sales by a director and an executive), while institutional investors still own about 76.43% of the stock.

Yousif Capital Management LLC lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 509,938 shares of the semiconductor manufacturer's stock after selling 28,992 shares during the period. Broadcom comprises about 1.9% of Yousif Capital Management LLC's portfolio, making the stock its 6th largest holding. Yousif Capital Management LLC's holdings in Broadcom were worth $169,605,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AVGO. Baring Financial LLC raised its stake in Broadcom by 2.2% during the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer's stock valued at $470,000 after purchasing an additional 29 shares during the period. Five Oceans Advisors raised its stake in Broadcom by 0.4% during the 4th quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer's stock valued at $2,835,000 after purchasing an additional 29 shares during the period. Arthur M. Cohen & Associates LLC raised its stake in Broadcom by 0.6% during 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 purchasing an additional 30 shares during the period. Jackson Hole Capital Partners LLC raised its stake in Broadcom by 1.4% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer's stock valued at $716,000 after purchasing an additional 30 shares during the period. Finally, Private Wealth Partners LLC raised its stake in Broadcom by 0.7% during the 3rd quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock valued at $1,410,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Stock Up 2.2%

NASDAQ AVGO opened at $379.81 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The firm has a 50-day simple moving average of $327.15 and a 200 day simple moving average of $343.46. Broadcom Inc. has a twelve month low of $161.61 and a twelve month high of $414.61. The stock has a market cap of $1.80 trillion, a PE ratio of 74.18, a PEG ratio of 0.77 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 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. On average, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued 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 dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 50.78%.

Analyst Ratings Changes

Several analysts have issued reports on AVGO shares. Wolfe Research raised shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 target price on the stock in a research note on Friday, January 30th. Citigroup boosted their target price on shares of Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $500.00 price target on shares of Broadcom in a research note on Tuesday, April 7th. Truist Financial upped their price target 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. Finally, Wells Fargo & Company raised shares of Broadcom from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $410.00 to $430.00 in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Multi-year Google deal improves AI revenue visibility — a contract through 2031 covering future TPU generations eases worries Google might switch suppliers and supports multi-year revenue/capacity planning for Broadcom. Read More.
• Positive Sentiment: Expanded Anthropic partnership gives Broadcom another AI customer for custom chips — Anthropic is deepening work with Broadcom (and Alphabet) on custom AI silicon, reducing single-vendor risk for training infrastructure and validating Broadcom’s AI roadmap. Read More.
• Positive Sentiment: Strong fundamentals and AI-driven growth — recent quarterly results showed record revenue and accelerating AI semiconductor revenue, reinforcing upside to forecasts and supporting bullish analyst calls. Read More.
• Positive Sentiment: Sector momentum / technical breakout — semiconductor group strength and breakout commentary have drawn momentum flows into AVGO alongside peers. Read More.
• Neutral Sentiment: High media and retail attention — multiple outlets have highlighted AVGO as a momentum/bull pick; that can amplify flows but also short-term volatility. Read More.
• Negative Sentiment: Insider selling may weigh on sentiment — several insiders (including director Gayla J. Delly and other reported multi-million-dollar sales) have trimmed positions recently, which can be perceived as a near-term headwind. Read More.
• Negative Sentiment: Structural risks remain — analysts (e.g., UBS) warn customer concentration and competitive pressure are unresolved risks despite the Google deal, which could limit margin upside over the long term. Read More.

Insider Activity at Broadcom

In other news, Director Justine Page sold 2,018 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director owned 18,164 shares of the company's stock, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charlie B. Kawwas sold 10,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $271,759,532.32. The trade was a 1.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 316,282 shares of company stock valued at $103,461,089. Insiders own 1.90% of the company's stock.

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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