Greenwood Capital Associates LLC Sells 1,220 Shares of Broadcom Inc. $AVGO

Key Points

• Greenwood Capital Associates LLC trimmed its Broadcom stake by 3.3% in Q4, selling 1,220 shares and leaving it with 35,732 shares valued at $12.37 million (Broadcom is 1.3% of the fund and its 15th largest holding).
• Company insiders have been active sellers recently — 324,282 shares were sold in the past 90 days (about $106.4 million), including sales by Director Justine Page and S. Ram Velaga; insiders now own 1.90% while institutional ownership stands at 76.43%.
• Analysts rate Broadcom a consensus "Moderate Buy" with an average target of $435.30; the stock has recent positives (Q earnings and revenue beat, multi‑year AI deal with Meta and expanded Google Cloud work) but trades at a rich valuation (PE ~82), leaving some short‑term downside risk.

Greenwood Capital Associates LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,732 shares of the semiconductor manufacturer's stock after selling 1,220 shares during the quarter. Broadcom makes up 1.3% of Greenwood Capital Associates LLC's investment portfolio, making the stock its 15th largest holding. Greenwood Capital Associates LLC's holdings in Broadcom were worth $12,367,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Providence First Trust Co raised its holdings in shares of Broadcom by 1,099.3% in the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer's stock worth $2,944,000 after purchasing an additional 8,179 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Broadcom by 3.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer's stock valued at $109,492,000 after purchasing an additional 10,786 shares during the period. Lmcg Investments LLC grew its holdings in Broadcom by 9.4% during the third quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer's stock valued at $12,854,000 after purchasing an additional 3,357 shares during the period. Wright Investors Service Inc. increased its position in Broadcom by 5.4% in the third quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer's stock worth $13,909,000 after buying an additional 2,178 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in Broadcom by 10.7% in the third quarter. Brown Brothers Harriman & Co. now owns 77,411 shares of the semiconductor manufacturer's stock worth $25,539,000 after buying an additional 7,499 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of recent research reports. DA Davidson raised Broadcom to a "hold" rating in a research report on Friday, February 13th. Weiss Ratings reissued a "buy (b-)" rating on shares of Broadcom in a report on Friday, April 10th. Mizuho restated an "outperform" rating and issued a $480.00 price objective on shares of Broadcom in a research note on Thursday, April 16th. Erste Group Bank downgraded shares of Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $500.00 target price on shares of Broadcom in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Broadcom presently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 2,018 shares of the company's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director owned 18,164 shares of the company's stock, valued at approximately $6,411,892. This represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider S. Ram Velaga sold 8,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 57,932 shares in the company, valued at $21,464,964.64. This represents a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 324,282 shares of company stock valued at $106,425,249. Company insiders own 1.90% of the company's stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Expanded Google Cloud collaboration — Broadcom expanded its Cloud Network Insights/network observability work (built on AppNeta), strengthening product penetration into multi‑cloud and hybrid enterprise networks and supporting recurring software revenue. Article Title
• Positive Sentiment: Multi‑year AI infrastructure deal with Meta — Broadcom and Meta announced a multi‑year partnership to support Meta’s AI infrastructure, reinforcing Broadcom’s exposure to hyperscaler capex for switches, networking and related software. Article Title
• Positive Sentiment: Analyst backing — Benchmark reiterated a Buy and $485 price target, citing the Meta partnership and AI demand as upside to Broadcom’s revenue and margin targets. Analyst support can bolster investor confidence and limit downside. Article Title
• Positive Sentiment: Enterprise AI platform expansion — Broadcom is extending AI capabilities via the VMware Tanzu platform (secure runtime for Autonomous AI), highlighting software and platform monetization beyond chips. Article Title
• Positive Sentiment: Institutional & insider interest — Recent filings show significant purchases by lawmakers and large holders (and notable stakes like Citadel), which can signal confidence from informed investors. Article Title
• Neutral Sentiment: Macro/earnings momentum — Coverage pieces highlight AVGO as one of a small group driving 2026 earnings growth (with NVDA), underlining strong estimate revisions but not an immediate catalyst by itself. Article Title
• Negative Sentiment: Valuation and profit‑taking risk — Separately, analysts and commentators question whether Broadcom’s rapid run (large YTD/1‑year gains) already prices in most growth, raising short‑term downside risk as investors lock in gains. Article Title

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $419.94 on Friday. 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 Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $429.31. The stock has a market cap of $1.99 trillion, a PE ratio of 82.02, a price-to-earnings-growth ratio of 0.87 and a beta of 1.24. The stock has a fifty day moving average of $339.09 and a 200-day moving average of $347.19.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.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 firm posted $1.60 EPS. The firm's quarterly revenue was up 29.5% on a year-over-year basis. Equities research analysts anticipate that Broadcom Inc. will post 9.95 earnings per share for the current year.

Broadcom Announces Dividend

The company 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. 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 presently 50.78%.

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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