Citizens Financial Group Inc. RI Grows Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Citizens Financial Group Inc. RI increased its Broadcom stake by 9.7% in Q4, adding 26,795 shares to reach 303,523 shares valued at about $105.05 million, making AVGO its 14th-largest holding.
• Broadcom beat quarterly estimates with $2.05 EPS and $19.31 billion in revenue (up 29.5% YoY), has a market cap near $1.95 trillion, a consensus "Moderate Buy" target of $435.30, and pays a $0.65 quarterly dividend (0.6% yield).
• Investor sentiment is mixed: insiders sold roughly 324,282 shares (~$106.4M) in the last 90 days and a reported financing snag on Broadcom’s ~$18B OpenAI custom‑chip deal pressured the stock, even as other institutions boosted positions and analysts raised targets citing AI exposure.

Citizens Financial Group Inc. RI grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 303,523 shares of the semiconductor manufacturer's stock after purchasing an additional 26,795 shares during the period. Broadcom makes up approximately 1.4% of Citizens Financial Group Inc. RI's holdings, making the stock its 14th largest position. Citizens Financial Group Inc. RI's holdings in Broadcom were worth $105,049,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Safe Harbor Family Capital LLC purchased a new position in shares of Broadcom during the fourth quarter valued at approximately $770,000. Activest Wealth Management lifted its holdings in shares of Broadcom by 32.6% during the fourth quarter. Activest Wealth Management now owns 5,430 shares of the semiconductor manufacturer's stock valued at $1,879,000 after purchasing an additional 1,335 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Broadcom during the fourth quarter valued at approximately $51,000. Precision Wealth Strategies LLC lifted its holdings in shares of Broadcom by 2.3% during the fourth quarter. Precision Wealth Strategies LLC now owns 4,188 shares of the semiconductor manufacturer's stock valued at $1,449,000 after purchasing an additional 96 shares during the last quarter. Finally, Delta Investment Management LLC lifted its holdings in shares of Broadcom by 34.3% during the fourth quarter. Delta Investment Management LLC now owns 5,703 shares of the semiconductor manufacturer's stock valued at $1,974,000 after purchasing an additional 1,456 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Price Performance

Shares of AVGO opened at $412.56 on Friday. The company has a market capitalization of $1.95 trillion, a P/E ratio of 80.58, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. 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 firm has a 50 day moving average of $352.89 and a 200 day moving average of $351.28. Broadcom Inc. has a twelve month low of $203.69 and a twelve month high of $437.68.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly 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 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%. The firm's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 earnings per share. As a group, equities research analysts anticipate that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's payout ratio is 50.78%.

Insiders Place Their Bets

In other Broadcom news, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction that occurred on 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 owned 18,164 shares of the company's stock, valued at approximately $6,411,892. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of Broadcom stock in a transaction that occurred 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 approximately $89,450,145.60. This trade represents a 15.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 324,282 shares of company stock worth $106,425,249 in the last 90 days. Insiders own 1.90% of the company's stock.

Analyst Ratings Changes

AVGO has been the subject of several recent research reports. Mizuho reiterated an "outperform" rating and set a $480.00 target price on shares of Broadcom in a report on Thursday, April 16th. Erste Group Bank lowered shares of Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. JPMorgan Chase & Co. raised their price target 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. Morgan Stanley raised their price target on shares of Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a research report on Friday, March 6th. Finally, Wolfe Research raised shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target for the company in a research report on Friday, January 30th. Two equities research 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 stock. According to data from MarketBeat, Broadcom presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Fisher Asset Management materially increased its Broadcom stake, signaling institutional confidence and providing a demand floor for the stock. Fisher Asset Management boosts Broadcom stake by 847,157 shares
• Positive Sentiment: Analyst and press coverage emphasize Broadcom’s expanding role in AI infrastructure and strong AI revenue guidance, supporting a constructive medium-term earnings outlook. How Broadcom Redefines The AI Infrastructure Play
• Positive Sentiment: Broadcom’s VMware-by-Broadcom services are gaining public‑sector distribution via a Carahsoft/evoila partnership, expanding government channel reach and recurring-services revenue potential. evoila U.S. and Carahsoft Partner to Deliver VMware by Broadcom
• Neutral Sentiment: Corning’s large optical-fiber contracts (including with Broadcom) validate continued hyperscale capex on connectivity — good for long-term TAM but not an immediate earnings swing for Broadcom. Light Speed Returns: Corning Cashes In on NVIDIA Growth (AVGO)
• Neutral Sentiment: Broadcom remains a trending/dividend-growth name in several retail and income-focused write-ups; these can support longer-term flows but are unlikely to reverse a short-term selloff. Here is What to Know Beyond Why Broadcom Inc. (AVGO) is a Trending Stock
• Negative Sentiment: The primary near-term negative: a report that Broadcom’s ~$18B custom chip deal with OpenAI has hit a major financing snag, which directly pressured the stock and raised execution/timing concerns for a core AI revenue stream. Broadcom Stock (AVGO) Slides after $18B OpenAI Custom Chip Deal Hits Major Financing Snag
• Negative Sentiment: A recent political disclosure shows a sale of AVGO shares by Senator Shelley Moore Capito; while single disclosures are often routine, they can add to short-term headline pressure. Congress Trade: Senator Shelley Moore Capito Just Disclosed New Stock Trades

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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