FourThought Financial Partners LLC Purchases 2,254 Shares of Broadcom Inc. $AVGO

Key Points

• FourThought Financial Partners LLC increased its Broadcom stake by 1.5% in the fourth quarter, buying 2,254 more shares and bringing its total holdings to 148,466 shares worth about $51.4 million.
• Broadcom reported strong quarterly results, with EPS of $2.05 beating estimates and revenue of $19.31 billion topping expectations. Revenue rose 29.5% year over year, and analysts now expect full-year EPS of 9.91.
• The stock remains heavily followed by institutions and analysts, with 76.43% of shares owned by institutional investors and a consensus rating of Moderate Buy. Recent analyst targets include JPMorgan at $500 and Evercore at $582, while insider selling has also been notable in recent months.

FourThought Financial Partners LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,466 shares of the semiconductor manufacturer's stock after purchasing an additional 2,254 shares during the period. Broadcom comprises 4.3% of FourThought Financial Partners LLC's portfolio, making the stock its 2nd largest position. FourThought Financial Partners LLC's holdings in Broadcom were worth $51,384,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AVGO. Miller Global Investments LLC acquired a new position in shares of Broadcom during the fourth quarter worth $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Broadcom during the fourth quarter worth $33,000. Family CFO Inc acquired a new stake in Broadcom in the fourth quarter valued at $35,000. PayPay Securities Corp raised its holdings 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 in the last quarter. Finally, Camelot Portfolios LLC acquired a new stake in Broadcom in the fourth quarter valued at $45,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Up 1.9%

Shares of NASDAQ:AVGO opened at $422.01 on Wednesday. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 82.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. Broadcom Inc. has a 1-year low of $231.13 and a 1-year high of $442.36. The company's fifty day moving average is $376.86 and its two-hundred day moving average is $356.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

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, topping analysts' consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm's revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share. Equities analysts anticipate that Broadcom Inc. will post 9.91 EPS for the current year.

Broadcom Dividend Announcement

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

Insider Activity at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider S. Ram Velaga sold 8,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the sale, the insider directly owned 57,932 shares in the company, valued at $21,464,964.64. This trade represents a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 324,282 shares of company stock valued at $106,425,249 in the last ninety days. 1.90% of the stock is owned by insiders.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first end-to-end 50G PON edge AI portfolio, led by the BCM68850 home gateway SoC with an integrated NPU and native Wi‑Fi 8 support, underscoring demand for its AI-enabled networking products. Article Title
• Positive Sentiment: Several articles highlighted Broadcom as a major beneficiary of AI infrastructure spending, with commentary pointing to strong custom silicon partnerships and growing confidence that hyperscalers will keep outsourcing specialized chips to AVGO. Article Title
• Positive Sentiment: Investor attention also turned to Broadcom after reports that billionaire Stanley Druckenmiller sold other AI names and bought Broadcom instead, a sentiment signal that can encourage more buying. Article Title
• Positive Sentiment: Broadcom was repeatedly framed as a core AI networking winner, with commentary suggesting the market is rewarding companies tied to the AI chip and infrastructure cycle. Article Title
• Neutral Sentiment: Analyst-style coverage ahead of Broadcom’s next earnings report is keeping attention on results and management commentary, but this is more of a watch item than an immediate stock driver. Article Title
• Neutral Sentiment: One commentary piece suggested Broadcom could have further upside if AI infrastructure demand keeps accelerating, but this was largely a valuation and price-target discussion rather than new company-specific news. Article Title

Analyst Ratings Changes

Several analysts recently issued reports on AVGO shares. Erste Group Bank cut shares of Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Seaport Research Partners reaffirmed a "neutral" rating on shares of Broadcom in a report on Wednesday, April 8th. Evercore reaffirmed an "outperform" rating and issued a $582.00 price target on shares of Broadcom in a report on Tuesday, May 19th. Benchmark reaffirmed a "buy" rating and issued a $485.00 price target on shares of Broadcom in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $448.10.

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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