Confluence Wealth Services Inc. Sells 1,250 Shares of Broadcom Inc. $AVGO

Key Points

• Confluence Wealth Services reduced its Broadcom stake by 2.8%, selling 1,250 shares in Q4 and now holds 43,047 shares valued at about $14.9 million per its 13F filing.
• Insiders have been big net sellers recently — S. Ram Velaga and Mark David Brazeal sold tens of thousands of shares on March 17, and insiders have disposed of 324,282 shares worth $106.4 million in the past 90 days (insiders own 1.90% of the stock).
• Broadcom’s momentum includes a near-$2 trillion market cap, multi‑year AI deals (notably with Meta) and new product launches supporting growth, but the stock trades at a premium (P/E ~81.5) with a consensus "Moderate Buy" and an average price target of $435.30 and a ~0.6% dividend yield.

Confluence Wealth Services Inc. reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,047 shares of the semiconductor manufacturer's stock after selling 1,250 shares during the quarter. Confluence Wealth Services Inc.'s holdings in Broadcom were worth $14,899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JCIC Asset Management Inc. purchased a new stake in shares of Broadcom during the third quarter valued at about $31,000. Miller Global Investments LLC purchased a new stake in shares of Broadcom during the fourth quarter valued at about $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Broadcom during the third quarter valued at about $34,000. Family CFO Inc purchased a new stake in shares of Broadcom during the fourth quarter valued at about $35,000. Finally, PayPay Securities Corp lifted its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In related news, insider S. Ram Velaga sold 38,841 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider owned 96,147 shares in the company, valued at approximately $30,920,875.20. This represents a 28.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 50,488 shares of the 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 transaction, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 324,282 shares of company stock worth $106,425,249 in the last 90 days. Corporate insiders own 1.90% of the company's stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom secured a multi‑year AI chip deal with Meta that targets large, multi‑GW deployments — this strengthens AVGO’s high‑margin data‑center revenue visibility and supports recurring, multi‑year demand. Broadcom just reached a 3-year AI chip deal with Meta
• Positive Sentiment: Market milestone: Broadcom recently crossed a $2 trillion market capitalization, a signal of investor confidence and momentum that can attract more passive flows and headline buying. Broadcom Just Hit $2 Trillion Market Cap. Is AVGO Stock a Buy Now?
• Positive Sentiment: Product/market expansion: Broadcom unveiled its fourth wave of Wi‑Fi 8 chips and an optimized 10G PON solution to push multi‑gig broadband at scale — a win for service‑provider adoption and long‑term silicon content per subscriber. Broadcom Accelerates Multi-Gig Broadband with Optimized 10G-PON and Wi-Fi 8 Solutions for Mass Market
• Positive Sentiment: AI capex tailwinds: Multiple reports show Big Tech lifting AI infrastructure spend (hundreds of billions through 2026), underpinning demand for Broadcom’s networking and AI‑inference silicon. Analysts have nudged estimates higher, reinforcing bullish revenue/earnings trajectories. Big Techs Assure Lasting AI Frenzy - Which Stocks Will Gain?
• Positive Sentiment: Institutional buying and analyst support: Alecta boosted its Broadcom stake and some shops have raised FY estimates modestly — signals that professional investors are adding to positions. Alecta Pensionsforsakring Boosts Broadcom Stake
• Neutral Sentiment: Peer/sector context: Coverage comparing AVGO vs. AMD and NVDA notes Broadcom benefits from diversified networking + AI exposure, but relative performance can swing with Big Tech spending updates. This is background context for investors sizing exposure. Why AMD, AVGO are outperforming Nvidia after Big Tech earnings
• Negative Sentiment: Valuation concerns: Commentary warns investors may be “pricing in perfection” — Broadcom’s premium valuation raises the risk of pullbacks if growth or margin expectations slip. Broadcom: Investors Are Pricing In Perfection
• Negative Sentiment: Short‑term volatility risks: Recent AI/sector headlines (OpenAI caution, Nvidia digesting huge guidance) have shown the group can swing on sentiment, which could produce sharp intraday moves in AVGO. Semiconductor Stocks Tumble on OpenAI Warning

Broadcom Stock Performance

AVGO opened at $417.43 on Friday. Broadcom Inc. has a 52-week low of $195.94 and a 52-week high of $429.31. 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 has a market cap of $1.98 trillion, a P/E ratio of 81.53, a price-to-earnings-growth ratio of 0.84 and a beta of 1.24. The firm's 50-day moving average price is $347.36 and its 200-day moving average price is $349.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data 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. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company's revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, equities analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

AVGO has been the subject of several analyst reports. Royal Bank Of Canada decreased their price target on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a research report on Monday, March 2nd. Zacks Research raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. 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. Erste Group Bank lowered shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Finally, Seaport Research Partners restated a "neutral" rating on shares of Broadcom in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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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