Evoke Wealth LLC Has $13.20 Million Stake in Broadcom Inc. $AVGO

Key Points

• Evoke Wealth LLC increased its Broadcom stake by 7.4% in the fourth quarter, buying 2,614 shares to bring its total to 38,133 shares valued at about $13.2 million.
• Broadcom reported strong quarterly results, with EPS of $2.05 and revenue of $19.31 billion, both ahead of analyst expectations. Revenue also rose 29.5% year over year.
• Analysts remain generally constructive on AVGO, with a Moderate Buy consensus and an average price target of $453.17, while recent product launches in Wi‑Fi 8, 50G PON, and 5G/FWA point to continued momentum in broadband and edge AI.

Evoke Wealth LLC lifted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,133 shares of the semiconductor manufacturer's stock after buying an additional 2,614 shares during the quarter. Evoke Wealth LLC's holdings in Broadcom were worth $13,198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Miller Global Investments LLC bought a new position in shares of Broadcom in the fourth quarter valued at $31,000. Nvest Wealth Strategies Inc. bought a new position in shares of Broadcom in the fourth quarter valued at $33,000. Family CFO Inc bought a new position in shares of Broadcom in the fourth quarter valued at $35,000. PayPay Securities Corp grew its stake in shares of 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 buying an additional 56 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new stake in Broadcom during the 4th quarter valued at $45,000. 76.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AVGO shares. JPMorgan Chase & Co. raised their price target on Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, March 5th. Truist Financial raised their price target on Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a report on Thursday, March 5th. TD Cowen reaffirmed a "buy" rating and set a $500.00 price target (up from $405.00) on shares of Broadcom in a report on Friday, May 15th. Wolfe Research raised Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target for the company in a report on Friday, January 30th. Finally, Zacks Research downgraded Broadcom from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $453.17.

Broadcom Stock Down 0.0%

AVGO stock opened at $421.86 on Thursday. The company has a market cap of $2.00 trillion, a PE ratio of 82.39, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The business has a 50-day simple moving average of $378.80 and a 200 day simple moving average of $357.40. Broadcom Inc. has a 52 week low of $234.43 and a 52 week high of $442.36. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

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, beating analysts' consensus estimates of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.Broadcom's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 earnings per share. Sell-side analysts anticipate that Broadcom Inc. will post 9.91 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first integrated Wi‑Fi 8 SoCs for mesh and multi-gigabit routers, extending its leadership in home networking chips and strengthening its position in a key growth market. Article Title
• Positive Sentiment: The company also launched the BCM68850, a 50G PON home gateway SoC with an integrated neural processor and Wi‑Fi 8 support, highlighting Broadcom’s push into edge AI and residential broadband infrastructure. Article Title
• Positive Sentiment: Broadcom’s collaboration with Samsung on a 5G and Wi‑Fi 8 fixed wireless access platform suggests expanding design wins and could support future revenue growth in broadband connectivity. Article Title
• Neutral Sentiment: Analysts continue to rate Broadcom a “Moderate Buy,” which supports a constructive but not dramatically changed view of the stock. Article Title
• Neutral Sentiment: Some market commentary is shifting investor focus toward Qualcomm’s new AI chip deal and broader semiconductor AI winners, which may temporarily distract from Broadcom’s momentum in the AI infrastructure trade. Article Title

Insiders Place Their Bets

In other Broadcom news, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the transaction, the chief financial officer 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark David Brazeal sold 50,488 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 $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 represents a 15.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 324,282 shares of company stock worth $106,425,249. Insiders own 1.90% of the company's stock.

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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