Elevate Capital Advisors LLC Increases Stake in Broadcom Inc. $AVGO

Key Points

• Elevate Capital Advisors increased its stake in Broadcom (NASDAQ:AVGO) by 178.4% in Q4, adding 2,824 shares to hold 4,407 shares worth $1.525 million.
• Corporate insiders have been net sellers recently — Mark David Brazeal sold 50,488 shares and CFO Kirsten M. Spears sold 36,292 on March 17, with insiders disposing of 324,282 shares valued at $106.4 million over the past 90 days.
• Analysts remain broadly bullish amid new AI partnerships with Meta, Google and Anthropic; Broadcom carries a consensus "Moderate Buy" rating with a $435.30 consensus target and top targets up to $500 following a quarterly EPS beat and 29.5% year‑over‑year revenue growth.

Elevate Capital Advisors LLC increased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 178.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,407 shares of the semiconductor manufacturer's stock after acquiring an additional 2,824 shares during the quarter. Elevate Capital Advisors LLC's holdings in Broadcom were worth $1,525,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Miller Global Investments LLC purchased a new position in shares of Broadcom during the fourth quarter worth about $31,000. JCIC Asset Management Inc. bought a new stake in Broadcom in the 3rd quarter worth approximately $31,000. Manning & Napier Advisors LLC bought a new stake in Broadcom in the third quarter valued at approximately $34,000. Navigoe LLC lifted its position in Broadcom by 515.0% in the third quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock valued at $40,000 after purchasing an additional 103 shares during the last quarter. Finally, Stone House Investment Management LLC lifted its position in Broadcom by 600.0% in the third quarter. Stone House Investment Management LLC now owns 140 shares of the semiconductor manufacturer's stock valued at $46,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AVGO. Mizuho set a $480.00 target price on Broadcom and gave the company an "outperform" rating in a research note on Friday, January 9th. Zacks Research raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Citigroup upped their price target on Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a report on Thursday, March 5th. DA Davidson raised Broadcom to a "hold" rating in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the business's stock in a transaction dated 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 sale, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. The trade was a 15.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of the business's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $11,671,507.20. Following the sale, the chief financial officer owned 327,760 shares in the company, valued at approximately $105,407,616. The trade was a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,282 shares of company stock valued at $106,425,249 in the last 90 days. Corporate insiders own 1.90% of the company's stock.

Broadcom Price Performance

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 company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The firm has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 79.40, a PEG ratio of 0.82 and a beta of 1.24. The business has a 50 day simple moving average of $333.37 and a 200-day simple moving average of $345.07.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. The business had revenue of $19.31 billion during 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%.Broadcom's revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. Equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

More Broadcom News

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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