Evergreen Capital Management LLC Has $29.90 Million Stock Position in Broadcom Inc. $AVGO

Key Points

• Evergreen Capital Management increased its stake in Broadcom by 30.9% to 86,403 shares, a position worth about $29.90 million and representing the stock as its 25th largest holding.
• Significant insider selling has occurred recently: Mark D. Brazeal and CFO Kirsten M. Spears sold large blocks on March 17 (combined ~ $27.9M), and insiders have sold 324,282 shares worth roughly $106.4M in the past 90 days, leaving insiders with 1.90% ownership.
• Broadcom shows strong fundamentals — market cap ~ $1.89T, Q earnings beat (EPS $2.05) and revenue of $19.31B (up 29.5% YoY) — and analysts remain largely bullish with average targets near $435 and some firms raising targets to $500, though its high P/E (~78) and AI/sector volatility pose valuation and near‑term trading risks.

Evergreen Capital Management LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 30.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,403 shares of the semiconductor manufacturer's stock after purchasing an additional 20,381 shares during the period. Broadcom makes up 0.7% of Evergreen Capital Management LLC's holdings, making the stock its 25th biggest holding. Evergreen Capital Management LLC's holdings in Broadcom were worth $29,904,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Miller Global Investments LLC bought a new position in Broadcom in the 4th quarter valued at about $31,000. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom during the 3rd quarter worth approximately $31,000. Family CFO Inc acquired a new stake in shares of Broadcom during the 4th quarter worth approximately $35,000. Manning & Napier Advisors LLC bought a new position in Broadcom in the third quarter valued at approximately $34,000. Finally, PayPay Securities Corp increased its stake in Broadcom by 88.9% in the fourth quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock valued at $41,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the transaction, the insider directly owned 278,141 shares in the company, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom 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 directly owned 327,760 shares in the company, valued at $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 324,282 shares of company stock worth $106,425,249 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Broadcom Stock Performance

Shares of Broadcom stock opened at $399.83 on Wednesday. The company's 50 day moving average price is $344.25 and its two-hundred day moving average price is $348.93. The firm has a market capitalization of $1.89 trillion, a P/E ratio of 78.09, a P/E/G ratio of 0.86 and a beta of 1.24. Broadcom Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $429.31. 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 announced its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same period in the prior year, the business earned $1.60 earnings per share. The company's revenue for the quarter was up 29.5% compared to the same quarter last year. On average, equities analysts forecast that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's dividend payout ratio is presently 50.78%.

Analysts Set New Price Targets

Several brokerages have commented on AVGO. JPMorgan Chase & Co. boosted their price objective on shares of Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, March 5th. DA Davidson upgraded Broadcom to a "hold" rating in a research note on Friday, February 13th. Benchmark reissued a "buy" rating and set a $485.00 price target on shares of Broadcom in a report on Thursday, March 5th. Weiss Ratings downgraded Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday. Finally, Mizuho reaffirmed an "outperform" rating and issued a $480.00 price objective on shares of Broadcom in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $435.30.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Big partner momentum — Broadcom’s rally has been bolstered by partnership/news flow (notably Google’s new AI chip roadmap) that helped push the stock to record market‑cap levels, reinforcing the company’s custom AI-silicon narrative. Read More.
• Positive Sentiment: Strong analyst conviction — Street coverage is overwhelmingly bullish (most analysts rate AVGO a Buy and 12‑month targets imply double‑digit upside), which underpins longer‑term demand from institutions. Read More.
• Positive Sentiment: Upgraded price‑target narratives and bullish writeups are feeding momentum trades and ETF inflows into semiconductors, supporting AVGO’s valuation case amid strong revenue growth and expanding custom‑silicon sales. Read More.
• Neutral Sentiment: Semi/AI ETF dynamics are amplifying moves both ways — sector ETFs and momentum products have been heavy buyers recently, which can accelerate upside but also amplify volatility on headlines. Read More.
• Negative Sentiment: OpenAI miss spooked the AI infrastructure trade — reports that OpenAI missed internal user/revenue goals rattled hyperscaler capex expectations and triggered a sector pullback that pressured Broadcom along with other AI‑exposed chip names. Read More.
• Negative Sentiment: Broad sector weakness — broader declines in AI chip leaders (reported by Barron's) and short‑term technical/profit‑taking flows have pulled AVGO down despite the positive fundamentals. Read More.
• Negative Sentiment: Near‑term trading volatility: market‑timed pullbacks and headline risk are already reflected in recent intraday declines — watch quarterly cadence, hyperscaler order disclosures, and any update on customer concentration risk. Read More.

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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