Exchange Traded Concepts LLC Sells 1,722 Shares of Broadcom Inc. $AVGO

Key Points

• Exchange Traded Concepts LLC trimmed its Broadcom stake by 1.5% in Q4, selling 1,722 shares and leaving it with 111,530 shares valued at about $38.6 million.
• Large insider selling has occurred recently — CFO Kirsten Spears sold 36,292 shares and CEO Hock E. Tan sold 70,000 shares, with insiders offloading 373,049 shares worth $123.0 million over the last quarter and now owning 1.9% of the company.
• Company performance and analyst view: Broadcom beat quarterly EPS estimates and reported 29.5% year‑over‑year revenue growth, while analysts hold a consensus "Moderate Buy" rating with an average price target of $435.30.

Exchange Traded Concepts LLC cut its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,530 shares of the semiconductor manufacturer's stock after selling 1,722 shares during the quarter. Exchange Traded Concepts LLC's holdings in Broadcom were worth $38,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Baring Financial LLC lifted its holdings in Broadcom by 2.2% in the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer's stock worth $470,000 after buying an additional 29 shares during the period. Arthur M. Cohen & Associates LLC increased its stake in shares of Broadcom by 0.6% during the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer's stock valued at $1,577,000 after buying an additional 30 shares during the period. Jackson Hole Capital Partners LLC raised its holdings in shares of Broadcom by 1.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer's stock valued at $716,000 after acquiring an additional 30 shares in the last quarter. Private Wealth Partners LLC lifted its stake in Broadcom by 0.7% in the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock worth $1,410,000 after acquiring an additional 30 shares during the period. Finally, Planning Alternatives Ltd. ADV lifted its stake in Broadcom by 1.4% in the third quarter. Planning Alternatives Ltd. ADV now owns 2,168 shares of the semiconductor manufacturer's stock worth $715,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Activity at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 36,292 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 value of $11,671,507.20. Following the sale, the chief financial officer directly owned 327,760 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, CEO Hock E. Tan sold 70,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total value of $24,311,000.00. Following the completion of the sale, the chief executive officer directly owned 132,836 shares in the company, valued at approximately $46,133,942.80. This represents a 34.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 373,049 shares of company stock worth $123,024,715 over the last quarter. 1.90% of the stock is currently owned by company insiders.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts See Large Upside — Several sell‑side calls and a consolidated “Strong Buy” view imply sizable upside (InsiderMonkey summarizes a consensus ~61% average price-target upside and notes individual Buy ratings such as BofA’s Vivek Arya). Analysts See 61% Upside to Broadcom Inc. (AVGO)
• Positive Sentiment: NVIDIA NVLink Ecosystem Benefit — Coverage of NVIDIA’s NVLink Fusion expansion highlights Broadcom as a potential beneficiary of expanded AI interconnect demand and ecosystem spending. That reinforces the AI revenue growth narrative. 5 Stocks That Win Big From NVIDIA's NVLink Fusion AI Ecosystem Expansion
• Positive Sentiment: Outlook/Buy‑the‑Dip Coverage — Recent Motley Fool pieces profile Broadcom as a top AI growth play and favorable vs. peers, supporting demand from growth‑oriented investors. 2 Beaten-Down AI Stocks to Buy Before the Next Bull Market
• Neutral Sentiment: Investor Attention / Screeners — Zacks notes AVGO is showing up frequently in user searches and screeners (high ROE/defensive lists), which can increase trading volume but is not a directional driver by itself. Broadcom Inc. (AVGO) is Attracting Investor Attention
• Neutral Sentiment: High ROE / Defensive Mention — Zacks includes AVGO on a short list of high‑ROE names framed as defensive amid geopolitical risk; useful context for portfolio positioning. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
• Negative Sentiment: Gross‑Margin Compression — Zacks flags sequential gross‑margin declines as Broadcom’s revenue mix shifts toward AI‑driven products; margin deterioration could pressure near‑term profitability expectations. AVGO's Gross Margin Contracts Sequentially
• Negative Sentiment: Large Insider Sale Filed — A recent SEC filing revealed what media called the largest Broadcom insider sale on record, which can spook investors even if not reflective of company fundamentals. Monster insider alert for Broadcom stock as AVGO crashes 5% in a week

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Broadcom in a research note on Monday, December 29th. Royal Bank Of Canada reduced their price target on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a research report on Monday, March 2nd. Mizuho set a $480.00 price target on shares of Broadcom and gave the stock an "outperform" rating in a research note on Friday, January 9th. Finally, Barclays restated an "overweight" rating and issued a $500.00 price objective (up from $450.00) on shares of Broadcom in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $435.30.

Broadcom Trading Up 5.4%

Shares of NASDAQ AVGO opened at $309.32 on Wednesday. Broadcom Inc. has a 1 year low of $138.10 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 50-day moving average of $325.36 and a 200 day moving average of $343.92. The stock has a market cap of $1.46 trillion, a P/E ratio of 60.41, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping 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 business had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. During the same quarter in the prior year, the company earned $1.60 earnings per share. The business's revenue was up 29.5% compared to the same quarter last year. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a $0.65 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio is presently 50.78%.

Broadcom 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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