Caprock Group LLC Increases Position in Broadcom Inc. $AVGO

Key Points

• Caprock Group LLC raised its position in Broadcom Inc. by 7.5% to 153,006 shares, valued at $52,956,000, making AVGO 1.1% of Caprock’s portfolio and its 16th-largest holding.
• Broadcom beat quarterly expectations with $2.05 EPS and $19.31B revenue (up 29.5% YoY), has a market cap of about $1.92 trillion, and carries an analyst consensus of “Moderate Buy” with a $435.30 target.
• Corporate insiders sold 324,282 shares worth $106,425,249 over the last quarter, while institutional investors own 76.43% of the stock and insiders hold 1.90%.

Caprock Group LLC raised its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,006 shares of the semiconductor manufacturer's stock after purchasing an additional 10,617 shares during the period. Broadcom accounts for 1.1% of Caprock Group LLC's investment portfolio, making the stock its 16th largest holding. Caprock Group LLC's holdings in Broadcom were worth $52,956,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC increased its position in shares of Broadcom by 39.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 79,640 shares of the semiconductor manufacturer's stock valued at $27,563,000 after purchasing an additional 22,404 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Broadcom by 1.0% in the 4th quarter. KLP Kapitalforvaltning AS now owns 1,637,520 shares of the semiconductor manufacturer's stock valued at $566,746,000 after buying an additional 16,240 shares during the last quarter. Alphinity Investment Management Pty Ltd grew its position in shares of Broadcom by 8.4% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 773,456 shares of the semiconductor manufacturer's stock valued at $267,693,000 after buying an additional 59,659 shares during the last quarter. Momentum Wealth Planning LLC grew its position in shares of Broadcom by 597.9% in the 4th quarter. Momentum Wealth Planning LLC now owns 8,354 shares of the semiconductor manufacturer's stock valued at $2,891,000 after buying an additional 7,157 shares during the last quarter. Finally, Proathlete Wealth Management LLC grew its position in shares of Broadcom by 31.1% in the 4th quarter. Proathlete Wealth Management LLC now owns 695 shares of the semiconductor manufacturer's stock valued at $241,000 after buying an additional 165 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AVGO has been the topic of a number of recent analyst reports. Benchmark reaffirmed a "buy" rating and issued a $485.00 target price on shares of Broadcom in a research report on Thursday, March 5th. Zacks Research raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, March 5th. Erste Group Bank downgraded shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Finally, Truist Financial increased their target price on shares of Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $435.30.

Insider Buying and Selling at Broadcom

In other news, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction dated 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 directly owned 18,164 shares in the company, valued at $6,411,892. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider S. Ram Velaga sold 8,000 shares of Broadcom stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the sale, the insider owned 57,932 shares of the company's stock, valued at approximately $21,464,964.64. This trade represents a 12.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 324,282 shares of company stock valued at $106,425,249. Corporate insiders own 1.90% of the company's stock.

Broadcom Stock Performance

Shares of AVGO opened at $405.45 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.92 trillion, a P/E ratio of 79.19, a PEG ratio of 0.86 and a beta of 1.24. The company has a 50-day moving average of $345.69 and a two-hundred day moving average of $349.33. Broadcom Inc. has a 12-month low of $184.02 and a 12-month high of $429.31.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its 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 company 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 quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. As a group, research analysts predict that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced 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 was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 0.6%. Broadcom's payout ratio is presently 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 AI revenue reportedly rose ~106% YoY; Broadcom is shipping Tomahawk 6 at scale and has a Meta chip pact targeting multi‑GW capacity — underpins revenue/margin upside from AI datacenter builds. AVGO Rides AI Boom: Explosive Growth in Semiconductor Fuels Outlook
• Positive Sentiment: Broadcom’s deeper ties to Google Cloud and the market reaction to Google’s custom AI chips have supported a market‑cap rally and reinforce Broadcom’s role in hyperscaler AI infrastructure. As Broadcom Deepens Its Google Cloud Ties, Should You Buy AVGO Stock?
• Positive Sentiment: Wall Street momentum: many bullish analyst takes and inclusion in AI‑focused stock lists are helping sentiment and buyer interest. High analyst buy ratios and bullish writeups support further upside expectations. The Street is Bullish on Broadcom Inc. (AVGO), Here’s What the Analysts Think About the Stock
• Neutral Sentiment: Analyst model tweaks are modestly higher (Erste slightly raised FY2026/27 EPS), but ratings remain mixed (some Holds), so upgrades are incremental rather than structural. MarketBeat AVGO Coverage / Analyst Notes
• Negative Sentiment: Market angst from reports that OpenAI missed internal targets has triggered short‑term selling across AI infrastructure names, including Broadcom — heightening sensitivity to AI capex cycles. Semiconductor Stocks Tumble on OpenAI Warning. Google Says The Market Has It All Wrong
• Negative Sentiment: Valuation concerns: several pieces argue investors are “pricing in perfection,” pointing to rich multiples and the risk of any slowdown in hyperscaler spending weighing on the stock. Broadcom: Investors Are Pricing In Perfection

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.

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