Broadcom Inc. $AVGO Stake Boosted by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its Broadcom stake by 6.8% in Q4, adding 3,760 shares to hold 59,082 shares valued at about $20.45 million.
• Other institutions also boosted positions — notably AQR added 455,851 shares to own 3,877,709 shares (~$1.06 billion) — and institutional investors now own 76.43% of Broadcom's stock.
• Company developments include a five‑year, $970M blanket purchase agreement with DISA and the appointment of Alphabet finance exec Amie Thuener as CFO, while insiders have sold roughly $123M of shares in the past 90 days.

Brookstone Capital Management lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,082 shares of the semiconductor manufacturer's stock after purchasing an additional 3,760 shares during the quarter. Brookstone Capital Management's holdings in Broadcom were worth $20,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Providence First Trust Co grew its holdings in Broadcom by 1,099.3% in the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer's stock worth $2,944,000 after buying an additional 8,179 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in 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 acquiring an additional 10,786 shares in the last quarter. Lmcg Investments LLC boosted its position in Broadcom by 9.4% during the 3rd quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer's stock worth $12,854,000 after acquiring an additional 3,357 shares during the period. AQR Capital Management LLC boosted its position in Broadcom by 13.3% during the 2nd quarter. AQR Capital Management LLC now owns 3,877,709 shares of the semiconductor manufacturer's stock worth $1,063,501,000 after acquiring an additional 455,851 shares during the period. Finally, Wright Investors Service Inc. grew its stake in shares of Broadcom by 5.4% in the third quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer's stock worth $13,909,000 after purchasing an additional 2,178 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Five‑year, $970M blanket purchase agreement with the Defense Information Systems Agency (DISA) via partner Carahsoft boosts recurring software/government revenue visibility and demonstrates Broadcom’s traction in public‑sector contracts. Broadcom (AVGO) and Carahsoft Announce $970M BPA with DISA
• Positive Sentiment: Appointment of Alphabet finance executive Amie Thuener as CFO (effective June 12) is framed as a governance/operational positive — adds Big Tech financial experience as Broadcom scales its AI chip and software businesses. Broadcom taps Alphabet executive Amie Thuener as next CFO
• Positive Sentiment: High‑profile investor support: reports that Ray Dalio remains bullish on Broadcom add institutional endorsement to the AI/software growth narrative. Broadcom Inc. (AVGO): Billionaire Ray Dalio Continues to Be Bullish
• Neutral Sentiment: Analyst and market commentary continues to emphasize Broadcom’s AI upside and long‑term moat, while noting the story is still early — supportive for sentiment but reliant on execution and product ramp. Broadcom's AI Story Is Still Early
• Negative Sentiment: Broker downgrade: Erste Group cut AVGO from "buy" to "hold," which can pressure flows and investor conviction in the near term. Finviz / coverage note
• Negative Sentiment: Insider selling: co‑founder Henry Samueli disclosed a record sale, drawing attention and potentially heightening investor caution about timing and valuation. What Henry Samueli’s Record Broadcom Sale Signals For AVGO Shareholders
• Negative Sentiment: Macro/sector risk: recent chip‑stock selloff tied to geopolitical tensions (Iran conflict, supply‑chain concerns) and a post‑earnings pullback (Zacks notes a ~5.5% decline since results) weigh on short‑term performance. Nvidia, Broadcom Drop as Chip Stocks Sell Off. Why War Is Hitting Them So Hard.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of research analyst reports. Wells Fargo & Company raised Broadcom from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the company a "buy" rating in a research report on Friday, December 12th. Oppenheimer upped their price target on shares of Broadcom from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Friday, December 12th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $475.00 price objective (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Broadcom in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $435.30.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 50,488 shares of the firm's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the sale, the insider directly owned 278,141 shares of the company's stock, valued at $89,450,145.60. This trade represents a 15.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction 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 in the company, valued at $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 373,049 shares of company stock valued at $123,024,715 in the last 90 days. 1.90% of the stock is owned by corporate insiders.

Broadcom Price Performance

NASDAQ:AVGO opened at $314.55 on Friday. 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 price is $324.73 and its 200 day moving average price is $343.16. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $414.61. The firm has a market cap of $1.49 trillion, a P/E ratio of 61.44, a PEG ratio of 0.67 and a beta of 1.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. Broadcom's revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.60 EPS. As a group, sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, March 23rd. Broadcom's dividend payout ratio (DPR) is presently 50.78%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.