Columbia Asset Management Trims Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Columbia Asset Management cut its stake in Broadcom by 10.6% in Q4 to 48,605 shares (worth $16.82M), making the stock 3.0% of the fund’s portfolio and its 8th-largest position.
• Significant insider selling occurred recently—directors sold material blocks (e.g., Justine Page 2,018 shares; Mark D. Brazeal 50,488 shares) and insiders sold 324,282 shares worth $106.4M in the last quarter, leaving insiders with about 1.9% ownership.
• Fundamentals and outlook: Broadcom is benefiting from strong AI-driven demand (Q1 AI revenue up ~106% YoY) and has a market cap near $1.9T with a consensus "Moderate Buy" target of $435.30, but carries a high PE (~79) that raises valuation risk.

Columbia Asset Management lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,605 shares of the semiconductor manufacturer's stock after selling 5,746 shares during the period. Broadcom makes up 3.0% of Columbia Asset Management's portfolio, making the stock its 8th biggest position. Columbia Asset Management's holdings in Broadcom were worth $16,822,000 as of its most recent filing with the Securities and Exchange Commission.

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 about $31,000. JCIC Asset Management Inc. bought a new position in shares of Broadcom during the 3rd quarter valued at about $31,000. Family CFO Inc bought a new position in shares of Broadcom during the 4th quarter valued at about $35,000. Manning & Napier Advisors LLC bought a new position in shares of Broadcom during the 3rd quarter valued at about $34,000. Finally, PayPay Securities Corp lifted its holdings in shares of Broadcom by 88.9% during the 4th quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock valued at $41,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Insider Activity

In other news, Director Justine Page sold 2,018 shares of the company's stock in a transaction on Wednesday, April 8th. The stock was 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 approximately $6,411,892. This represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the company's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $16,236,940.80. Following the sale, the insider owned 278,141 shares of the company's stock, valued at approximately $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is owned by insiders.

Broadcom News Roundup

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 Stock Up 1.4%

AVGO stock 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 firm has a market capitalization of $1.92 trillion, a PE ratio of 79.19, a PEG ratio of 0.86 and a beta of 1.24. Broadcom Inc. has a 1-year low of $184.02 and a 1-year high of $429.31. The business's 50 day simple moving average is $345.69 and its 200 day simple moving average is $349.33.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $1.60 EPS. As a group, research analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on the company. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Citigroup boosted their target price on Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Bank of America cut their target price on Broadcom from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, March 5th. DA Davidson upgraded Broadcom to a "hold" rating in a research note on Friday, February 13th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

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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