Country Trust Bank Purchases 59,623 Shares of Broadcom Inc. $AVGO

Key Points

• Country Trust Bank boosted its Q4 position in Broadcom by 2,651.1%, purchasing 59,623 shares to hold 61,872 shares valued at about $21.41 million.
• Strong fundamentals and AI tailwinds: Broadcom beat Q earnings (EPS $2.05 vs. $2.03) with revenue up 29.5% YoY, and multi‑year AI deals with Google and Anthropic are expected to support durable, high‑margin growth.
• Ownership, insider activity and valuation: Institutional investors own ~76.4% of the stock, insiders sold roughly 315,282 shares (~$103.1M) over the last 90 days, and analysts have a "Moderate Buy" consensus with a $435.30 average target amid a high P/E of ~72.6.

Country Trust Bank boosted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2,651.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,872 shares of the semiconductor manufacturer's stock after purchasing an additional 59,623 shares during the quarter. Country Trust Bank's holdings in Broadcom were worth $21,414,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its stake in Broadcom by 119.1% in the 4th quarter. Sound Income Strategies LLC now owns 12,185 shares of the semiconductor manufacturer's stock valued at $4,286,000 after purchasing an additional 6,623 shares during the period. Rathbones Group PLC boosted its stake in Broadcom by 44.8% in the 4th quarter. Rathbones Group PLC now owns 966,391 shares of the semiconductor manufacturer's stock valued at $334,468,000 after purchasing an additional 298,993 shares during the period. Quilter Plc raised its holdings in Broadcom by 19.5% in the 4th quarter. Quilter Plc now owns 196,091 shares of the semiconductor manufacturer's stock valued at $67,867,000 after acquiring an additional 32,041 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in Broadcom by 41.1% in the 4th quarter. Y.D. More Investments Ltd now owns 32,001 shares of the semiconductor manufacturer's stock valued at $11,076,000 after acquiring an additional 9,325 shares in the last quarter. Finally, Signature Resources Capital Management LLC raised its holdings in Broadcom by 15.9% in the 4th quarter. Signature Resources Capital Management LLC now owns 859 shares of the semiconductor manufacturer's stock valued at $297,000 after acquiring an additional 118 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

Broadcom stock opened at $371.46 on Friday. 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 Inc. has a 52 week low of $161.61 and a 52 week high of $414.61. The stock has a market capitalization of $1.76 trillion, a P/E ratio of 72.55, a price-to-earnings-growth ratio of 0.77 and a beta of 1.24. The stock has a fifty day moving average of $326.18 and a 200-day moving average of $343.12.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. During the same quarter in the previous year, the firm earned $1.60 EPS. Broadcom's revenue was up 29.5% on a year-over-year basis. On average, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal 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 issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's payout ratio is 50.78%.

Insiders Place Their Bets

In other news, insider Mark David Brazeal sold 50,488 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $89,450,145.60. The trade was a 15.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 39,116 shares of the business's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following the transaction, the insider directly owned 74,626 shares of the company's stock, valued at $24,000,467.86. This trade represents a 34.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 315,282 shares of company stock worth $103,102,779 over the last 90 days. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Broadcom in a report on Monday, January 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Broadcom in a report on Tuesday, April 7th. Wells Fargo & Company raised Broadcom from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Finally, Benchmark reaffirmed a "buy" rating and issued a $485.00 price objective on shares of Broadcom in a report on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $435.30.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year AI chip deals with hyperscalers (Google, Anthropic), underpinning expectations for durable, high‑margin AI revenue growth and licensing/accelerator demand. Article Title
• Positive Sentiment: Market writeups credit the Google/Anthropic deals for today’s rally and re‑rate Broadcom as a major AI infrastructure beneficiary vs. peers — coverage notes that Broadcom’s business model (custom accelerators + networking) captures hyperscaler capex. Article Title
• Positive Sentiment: Large investors and well‑known managers appear to be increasing exposure (reports on Israel Englander, Ken Fisher adding AVGO), which supports institutional momentum and can amplify price moves. Article Title
• Neutral Sentiment: Short‑interest data in the April snapshot is effectively meaningless (shows zero/NaN), so it provides no actionable signal about bearish positioning or squeeze risk at present.
• Negative Sentiment: Analyst/framing pushback: Seaport Global downgraded Broadcom and Seaport Research gave a "Neutral" rating, while at least one major bank reset its forecast — these notes reflect concern about industry limits, margins sustainability, or valuation and may cap upside until clarity on deal economics arrives. Article Title Article Title

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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