CFO4Life Group LLC Has $4.56 Million Stock Position in Broadcom Inc. $AVGO

Key Points

• CFO4Life Group LLC increased its Broadcom stake by 21% in the fourth quarter, buying 2,288 additional shares and bringing its total holding to 13,173 shares worth about $4.56 million.
• Institutional ownership remains high, with hedge funds and other institutional investors continuing to adjust positions and owning 76.43% of Broadcom’s stock.
• Analyst sentiment is still constructive: Broadcom carries a “Moderate Buy” consensus, with a $453.17 average price target, while the company also reported strong quarterly results and continues paying a quarterly dividend.

CFO4Life Group LLC lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,173 shares of the semiconductor manufacturer's stock after purchasing an additional 2,288 shares during the quarter. CFO4Life Group LLC's holdings in Broadcom were worth $4,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Miller Global Investments LLC bought a new position in shares of Broadcom during the 4th quarter valued at $31,000. Nvest Wealth Strategies Inc. bought a new position in Broadcom during the fourth quarter valued at about $33,000. Family CFO Inc bought a new position in Broadcom during the fourth quarter valued at about $35,000. PayPay Securities Corp raised its holdings in Broadcom by 88.9% during the fourth quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock valued at $41,000 after buying an additional 56 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new position in Broadcom during the fourth quarter valued at about $45,000. Institutional investors own 76.43% of the company's stock.

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 10,000 shares of the firm's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total value 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. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justine Page sold 2,018 shares of the firm's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total value of $712,354.00. Following the completion of the sale, the director directly owned 18,164 shares in the company, valued at approximately $6,411,892. This represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 in the last quarter. Insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on AVGO. Royal Bank Of Canada cut their target price on Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a report on Monday, March 2nd. JPMorgan Chase & Co. raised their target price on Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, March 5th. TD Cowen restated a "buy" rating and set a $500.00 target price (up from $405.00) on shares of Broadcom in a report on Friday, May 15th. Wells Fargo & Company restated an "overweight" rating and set a $545.00 target price (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Finally, Mizuho restated an "outperform" rating and set a $480.00 target price on shares of Broadcom in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $453.17.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first integrated Wi‑Fi 8 SoCs for mesh and multi-gigabit routers, extending its leadership in home networking chips and strengthening its position in a key growth market. Article Title
• Positive Sentiment: The company also launched the BCM68850, a 50G PON home gateway SoC with an integrated neural processor and Wi‑Fi 8 support, highlighting Broadcom’s push into edge AI and residential broadband infrastructure. Article Title
• Positive Sentiment: Broadcom’s collaboration with Samsung on a 5G and Wi‑Fi 8 fixed wireless access platform suggests expanding design wins and could support future revenue growth in broadband connectivity. Article Title
• Neutral Sentiment: Analysts continue to rate Broadcom a “Moderate Buy,” which supports a constructive but not dramatically changed view of the stock. Article Title
• Neutral Sentiment: Some market commentary is shifting investor focus toward Qualcomm’s new AI chip deal and broader semiconductor AI winners, which may temporarily distract from Broadcom’s momentum in the AI infrastructure trade. Article Title

Broadcom Trading Down 0.0%

Shares of NASDAQ:AVGO opened at $421.86 on Thursday. The company has a market cap of $2.00 trillion, a P/E ratio of 82.39, a P/E/G ratio of 0.87 and a beta of 1.43. The stock's 50-day moving average is $378.80 and its 200-day moving average is $357.40. Broadcom Inc. has a 52-week low of $234.43 and a 52-week high of $442.36. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

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 (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.02. The company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm's revenue was up 29.5% compared to the same quarter last year. During the same period last year, the business posted $1.60 earnings per share. Equities research analysts predict that Broadcom Inc. will post 9.91 earnings per share for the current year.

Broadcom Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's dividend payout ratio (DPR) is currently 50.78%.

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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