Center For Asset Management LLC Lowers Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Center For Asset Management LLC cut its Broadcom stake by 17.8% in Q4, selling 1,779 shares and ending the quarter with 8,217 shares worth $2.84 million (1.5% of its holdings and the firm's 18th largest position).
• Broadcom posted strong results and AI-driven growth, reporting record Q1 revenue of $19.31 billion with AI semiconductor revenue nearly doubling year-over-year, and trades with a $1.8 trillion market cap and a consensus "Moderate Buy" rating.
• Notable insider selling and mixed analyst views—insiders disposed of 316,282 shares (~$103.5M) in the past three months while analysts issued both upgrades and downgrades, creating divergent near-term sentiment despite long-term AI tailwinds.

Center For Asset Management LLC decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,217 shares of the semiconductor manufacturer's stock after selling 1,779 shares during the quarter. Broadcom makes up 1.5% of Center For Asset Management LLC's holdings, making the stock its 18th largest holding. Center For Asset Management LLC's holdings in Broadcom were worth $2,844,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. BIP Wealth LLC lifted its stake in shares of Broadcom by 31.4% during the 4th quarter. BIP Wealth LLC now owns 12,773 shares of the semiconductor manufacturer's stock valued at $4,421,000 after buying an additional 3,054 shares in the last quarter. Capital Advisory Group Advisory Services LLC lifted its stake in shares of Broadcom by 1.9% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 2,419 shares of the semiconductor manufacturer's stock valued at $837,000 after buying an additional 44 shares in the last quarter. Greenleaf Trust lifted its stake in shares of Broadcom by 0.4% during the 4th quarter. Greenleaf Trust now owns 111,910 shares of the semiconductor manufacturer's stock valued at $38,732,000 after buying an additional 487 shares in the last quarter. Master S Wealth Management Inc. lifted its stake in shares of Broadcom by 34.3% during the 4th quarter. Master S Wealth Management Inc. now owns 1,845 shares of the semiconductor manufacturer's stock valued at $639,000 after buying an additional 471 shares in the last quarter. Finally, Palumbo Wealth Management LLC lifted its stake in shares of Broadcom by 25.5% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,979 shares of the semiconductor manufacturer's stock valued at $1,031,000 after buying an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Alphabet/Google long-term deal boosts AI revenue visibility — a contract through 2031 covering future TPU generations has eased fears Google might shift suppliers, improving conviction in Broadcom's AI roadmap. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS
• Positive Sentiment: Strong recent results and AI revenue growth — Broadcom reported record Q1 revenue with AI semiconductor revenue nearly doubling year-over-year, reinforcing growth expectations for custom AI chips and networking. Great News for Broadcom Stock Investors
• Positive Sentiment: Sector tailwind and technical breakout — analysts and market commentators note a semiconductor group breakout and momentum trade that is lifting AVGO alongside peers. Semiconductors Lead Rally: Broadcom, Marvell Breakout
• Neutral Sentiment: High investor attention / bullish media coverage — Broadcom is being highlighted as a momentum and “Bull of the Day” pick, which can attract flows but also increase short-term volatility. Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Notable insider selling — several insiders have sold shares recently (including director Gayla J. Delly and other executives reporting multi-million-dollar disposals), which can be viewed as a near-term headwind for sentiment. Gayla J. Delly Insider Sale Filing Insider Selling: Broadcom Insider Sells
• Negative Sentiment: Structural risks remain — analysts (e.g., UBS) note customer-concentration and competitive pressures persist despite the Google deal, meaning long-term risk to margins and growth is not fully resolved. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS

Broadcom Stock Up 2.2%

Shares of AVGO stock opened at $379.81 on Tuesday. The stock has a market cap of $1.80 trillion, a P/E ratio of 74.18, a PEG ratio of 0.77 and a beta of 1.24. Broadcom Inc. has a 52 week low of $161.61 and a 52 week high of $414.61. 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 company's fifty day simple moving average is $327.15 and its two-hundred day simple moving average is $343.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion for 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 business's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.60 EPS. Analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd. Broadcom's dividend payout ratio is currently 50.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Erste Group Bank cut shares of Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Zacks Research upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 2nd. The Goldman Sachs Group reiterated a "buy" rating and issued a $450.00 price target on shares of Broadcom in a research note on Monday, January 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Broadcom in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Insider Activity

In other news, insider Mark David Brazeal sold 50,488 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the sale, the insider directly owned 278,141 shares in the company, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the company's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total transaction of $3,452,300.00. Following the sale, the insider owned 787,184 shares in the company, valued at $271,759,532.32. This represents a 1.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 316,282 shares of company stock worth $103,461,089. 1.90% of the stock is owned by insiders.

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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