Curtis Advisory Group LLC Purchases 4,922 Shares of Broadcom Inc. $AVGO

Key Points

• Curtis Advisory Group boosted its stake in Broadcom by 117.9%, buying 4,922 shares to own 9,098 shares worth about $3.15 million at the end of the quarter.
• Broadcom reported a quarterly EPS beat and revenue up 29.5% year‑over‑year, and new AI partnerships with Google, Anthropic and Meta have helped push analyst sentiment to a consensus "Moderate Buy" with a price target around $435.30.
• Insiders have been active sellers recently (324,282 shares sold, about $106.4 million in the last 90 days) even as institutional ownership remains high at roughly 76.4%.

Curtis Advisory Group LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 117.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,098 shares of the semiconductor manufacturer's stock after acquiring an additional 4,922 shares during the period. Curtis Advisory Group LLC's holdings in Broadcom were worth $3,149,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AVGO. JCIC Asset Management Inc. purchased a new stake in shares of Broadcom in the 3rd quarter worth about $31,000. Miller Global Investments LLC purchased a new stake in shares of Broadcom in the 4th quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Broadcom in the 3rd quarter worth about $34,000. Navigoe LLC lifted its position in shares of Broadcom by 515.0% in the 3rd quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock worth $40,000 after purchasing an additional 103 shares during the period. Finally, Stone House Investment Management LLC lifted its position in shares of Broadcom by 600.0% in the 3rd quarter. Stone House Investment Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $46,000 after purchasing an additional 120 shares during the period. Institutional investors own 76.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating and issued a $485.00 target price on shares of Broadcom in a research report on Thursday, March 5th. Wells Fargo & Company raised shares of Broadcom from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $410.00 to $430.00 in a research report on Thursday, January 15th. Erste Group Bank cut shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Citigroup raised their target price on shares of Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Broadcom in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Broadcom has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Broadcom Trading Up 2.0%

Shares of NASDAQ AVGO opened at $406.54 on Friday. Broadcom Inc. has a 1 year low of $161.61 and a 1 year high of $414.61. The stock has a market cap of $1.92 trillion, a P/E ratio of 79.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.24. The firm has a 50-day moving average of $333.37 and a 200 day moving average of $345.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73.

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 analysts' consensus estimates of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. During the same period last year, the company posted $1.60 EPS. Broadcom's revenue was up 29.5% on a year-over-year basis. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given a dividend of $0.65 per share. 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 dividend payout ratio (DPR) is 50.78%.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider S. Ram Velaga sold 38,841 shares of the firm's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the completion of the sale, the insider directly owned 96,147 shares in the company, valued at approximately $30,920,875.20. This trade represents a 28.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the firm's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction 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. This represents a 15.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 324,282 shares of company stock valued at $106,425,249. Insiders own 1.90% of the company's stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Meta expanded a multiyear, multigeneration partnership with Broadcom through at least 2029 to co‑develop custom AI accelerators and Ethernet networking, including an initial >1 gigawatt compute commitment — a major revenue and backlog driver. Will Broadcom-Meta Extended AI-Chip Partnership Fuel Tech ETFs?
• Positive Sentiment: Broadcom announced new AI collaborations with Google and Anthropic, widening its addressable market for custom silicon and positioning AVGO as a key supplier as hyperscalers in‑house more AI compute. Broadcom's New AI Partnership With Google and Anthropic Could Supercharge the Next Leg of the Rally
• Positive Sentiment: Analysts remain bullish: Vijay Rakesh reiterated an Outperform and $480 target after management meetings, citing strong demand across chips and networking — signals of continued upward earnings revisions. Broadcom's Secret Weapon: The Massive AI Chip Deal Set To Explode In 2027
• Positive Sentiment: Celebrity/influencer endorsement: Jim Cramer and several financial outlets have highlighted Broadcom as the primary way to play Meta’s chip program, boosting retail interest and flow into AVGO. Jim Cramer Says “Broadcom Is the One That I Think You Need to Focus On”
• Positive Sentiment: Media coverage emphasizes a broader AI narrative (Beyond NVIDIA), arguing Broadcom’s mix of custom silicon plus networking and software could drive above‑market growth and multiple expansion. Beyond NVIDIA: 2 AI Chip Stocks Positioned for Big Upside in 2026
• Neutral Sentiment: Goldman Sachs reset its Broadcom forecast amid the rally — such institutional re‑ratings can support momentum but may also temper expectations if targets are revised to reflect recent gains. Goldman Sachs resets Broadcom stock forecast
• Negative Sentiment: Some coverage flags concentration and execution risks: larger, bespoke deals with a few hyperscalers can boost revenue but also increase customer concentration and execution dependence; Hock Tan’s step‑down from Meta’s board (to focus on the deal) raises governance/concentration questions for some investors. Broadcom Meta Chip Alliance Deepens AI Ties And Concentration Risks

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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