Horst & Graben Wealth Management LLC Has $1.22 Million Position in Broadcom Inc. $AVGO

Key Points

• Horst & Graben Wealth Management cut its stake in Broadcom by 41.2% in Q4, selling 2,460 shares and leaving a 3,514‑share position worth about $1.22 million.
• Broadcom reported a slight EPS beat ($2.05 vs. $2.03) and 29.5% year‑over‑year revenue growth to $19.31B, and its AI partnerships with Meta and Google are cited as bolstering growth; the stock trades near a roughly $2 trillion market cap with a MarketBeat consensus of "Moderate Buy" (target ≈ $435).
• Insiders have been net sellers recently—324,282 shares (~$106.4M) sold in the last three months, including a $16.2M sale by Mark David Brazeal—while institutional investors hold about 76.43% of the stock and insiders only 1.9%.

Horst & Graben Wealth Management LLC lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 41.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,514 shares of the semiconductor manufacturer's stock after selling 2,460 shares during the quarter. Horst & Graben Wealth Management LLC's holdings in Broadcom were worth $1,216,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Family Capital Trust Co grew its position in Broadcom by 0.7% during the fourth quarter. Family Capital Trust Co now owns 17,359 shares of the semiconductor manufacturer's stock worth $6,008,000 after buying an additional 125 shares in the last quarter. Clark Asset Management LLC boosted its holdings in shares of Broadcom by 32.4% in the 4th quarter. Clark Asset Management LLC now owns 2,648 shares of the semiconductor manufacturer's stock valued at $917,000 after purchasing an additional 648 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Broadcom by 0.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081,325 shares of the semiconductor manufacturer's stock valued at $1,066,447,000 after purchasing an additional 18,900 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Broadcom by 2.6% in the 4th quarter. Belpointe Asset Management LLC now owns 27,443 shares of the semiconductor manufacturer's stock valued at $9,498,000 after purchasing an additional 701 shares in the last quarter. Finally, Aspiring Ventures LLC boosted its holdings in shares of Broadcom by 14.7% in the 4th quarter. Aspiring Ventures LLC now owns 1,432 shares of the semiconductor manufacturer's stock valued at $496,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Stock Down 1.1%

Shares of NASDAQ:AVGO opened at $418.20 on Tuesday. Broadcom Inc. has a 52-week low of $184.02 and a 52-week high of $429.31. The firm has a fifty day moving average of $342.90 and a 200 day moving average of $348.41. The firm has a market capitalization of $1.98 trillion, a PE ratio of 81.68, a price-to-earnings-growth ratio of 0.87 and a beta of 1.24. 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 announced its 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. The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm's quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 earnings per share. As a group, research analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AVGO. Erste Group Bank downgraded Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $450.00 target price on shares of Broadcom in a report on Monday, January 5th. Wells Fargo & Company raised Broadcom from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $500.00 target price on shares of Broadcom in a report on Tuesday, April 7th. Finally, Morgan Stanley raised their target price on Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom deepened multi‑year, multi‑generation partnerships with Meta and expanded work with Google Cloud (custom AI silicon + cloud networking), strengthening revenue visibility from hyperscalers and bolstering AVGO’s AI growth narrative. Read More.
• Positive Sentiment: Coverage and price‑target upside: bullish research and bullish price‑target narratives (e.g., 247WallStreet’s $475/$558 bull case) feed investor expectations for continued upside and justify momentum buying. Read More.
• Positive Sentiment: Analyst / trade coverage and retail interest: pieces highlighting Broadcom as an AI “growth superstar” and mentions in “AI chip” leader lists keep the stock on buy lists and in thematic ETFs, supporting demand. Read More.
• Positive Sentiment: IBD technical framing: Broadcom is cited as “near buy zone” by IBD-style coverage — technical narratives can trigger momentum-driven inflows from traders. Read More.
• Neutral Sentiment: Sector tailwinds: multiple industry roundup pieces list AVGO among top AI semiconductor plays (alongside NVDA, MU), highlighting structural demand but not changing fundamentals immediately. Such coverage keeps AVGO in thematic funds. Read More.
• Neutral Sentiment: ETF / momentum context: mentions in ETF strategy stories (JPMorgan active bench, momentum ETFs) indicate flows into tech/momentum buckets could benefit AVGO, but effects depend on index/ETF rebalancings. Read More. and Read More.
• Negative Sentiment: Short‑term pull vs. market: a Zacks note flagged AVGO’s decline amid a broader market uptick — suggesting profit‑taking or sector rotation pressured the stock despite positive company news. Read More.
• Negative Sentiment: Valuation caution: coverage noting a stretched valuation and rich multiples vs. near‑term fundamentals raises the risk of sharper pullbacks if AI demand or margins disappoint. Read More.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the business's stock in a transaction on 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 sale, the insider directly owned 278,141 shares of the company's stock, valued at $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Justine Page sold 2,018 shares of the business's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director directly owned 18,164 shares of the company's stock, valued at $6,411,892. This represents a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 over the last three months. 1.90% of the stock is currently owned by company insiders.

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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