Kingswood Wealth Advisors LLC Boosts Stake in Broadcom Inc. $AVGO

Key Points

• Kingswood Wealth Advisors increased its stake in Broadcom by 39.1%, buying an additional 22,404 shares to hold 79,640 shares valued at $27,563,000, making AVGO its 11th-largest holding (about 1.3% of the portfolio).
• Institutional ownership is high at 76.43% as several major funds boosted positions, and Wall Street is broadly positive with a MarketBeat consensus of "Moderate Buy" and a consensus price target of $435.30.
• Broadcom beat Q1 estimates with $2.05 EPS and $19.31 billion revenue and reported AI-driven strength (AI revenue reportedly +~106% YoY), but recent insider selling and valuation concerns temper the outlook.

Kingswood Wealth Advisors LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,640 shares of the semiconductor manufacturer's stock after acquiring an additional 22,404 shares during the quarter. Broadcom accounts for approximately 1.3% of Kingswood Wealth Advisors LLC's investment portfolio, making the stock its 11th biggest holding. Kingswood Wealth Advisors LLC's holdings in Broadcom were worth $27,563,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Invesco Ltd. boosted its stake in shares of Broadcom by 1.8% during the 3rd quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer's stock worth $12,915,861,000 after acquiring an additional 700,021 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Broadcom by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 33,450,786 shares of the semiconductor manufacturer's stock worth $11,035,749,000 after acquiring an additional 748,709 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Broadcom by 4.0% during the 3rd quarter. Franklin Resources Inc. now owns 29,511,195 shares of the semiconductor manufacturer's stock worth $9,736,038,000 after acquiring an additional 1,124,590 shares in the last quarter. Amundi boosted its stake in shares of Broadcom by 3.3% during the 3rd quarter. Amundi now owns 22,216,816 shares of the semiconductor manufacturer's stock worth $7,453,320,000 after acquiring an additional 716,523 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Broadcom by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 12,611,740 shares of the semiconductor manufacturer's stock worth $4,160,740,000 after acquiring an additional 237,295 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho reissued an "outperform" rating and set a $480.00 target price on shares of Broadcom in a research note on Thursday, April 16th. Zacks Research raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 2nd. Morgan Stanley raised their price target on shares of Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a research note on Friday, March 6th. Truist Financial raised their price target on shares of Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company raised shares of Broadcom from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $410.00 to $430.00 in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $435.30.

Broadcom Trading Up 1.4%

Shares of Broadcom stock opened at $405.45 on Thursday. The firm has a market capitalization of $1.92 trillion, a PE ratio of 79.19, a P/E/G ratio of 0.86 and a beta of 1.24. Broadcom Inc. has a twelve month low of $184.02 and a twelve month high of $429.31. The firm's 50-day moving average price is $345.69 and its 200 day moving average price is $349.33. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. The firm had revenue of $19.31 billion for 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%. Broadcom's quarterly revenue was up 29.5% compared to the same quarter last year. During the same period last year, the company posted $1.60 EPS. On average, sell-side analysts predict that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Buying and Selling

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Justine Page sold 2,018 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director owned 18,164 shares of the company's stock, valued at approximately $6,411,892. The trade was a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 324,282 shares of company stock worth $106,425,249 in the last 90 days. Corporate insiders own 1.90% of the company's stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 AI revenue reportedly rose ~106% YoY; Broadcom is shipping Tomahawk 6 at scale and has a Meta chip pact targeting multi‑GW capacity — underpins revenue/margin upside from AI datacenter builds. AVGO Rides AI Boom: Explosive Growth in Semiconductor Fuels Outlook
• Positive Sentiment: Broadcom’s deeper ties to Google Cloud and the market reaction to Google’s custom AI chips have supported a market‑cap rally and reinforce Broadcom’s role in hyperscaler AI infrastructure. As Broadcom Deepens Its Google Cloud Ties, Should You Buy AVGO Stock?
• Positive Sentiment: Wall Street momentum: many bullish analyst takes and inclusion in AI‑focused stock lists are helping sentiment and buyer interest. High analyst buy ratios and bullish writeups support further upside expectations. The Street is Bullish on Broadcom Inc. (AVGO), Here’s What the Analysts Think About the Stock
• Neutral Sentiment: Analyst model tweaks are modestly higher (Erste slightly raised FY2026/27 EPS), but ratings remain mixed (some Holds), so upgrades are incremental rather than structural. MarketBeat AVGO Coverage / Analyst Notes
• Negative Sentiment: Market angst from reports that OpenAI missed internal targets has triggered short‑term selling across AI infrastructure names, including Broadcom — heightening sensitivity to AI capex cycles. Semiconductor Stocks Tumble on OpenAI Warning. Google Says The Market Has It All Wrong
• Negative Sentiment: Valuation concerns: several pieces argue investors are “pricing in perfection,” pointing to rich multiples and the risk of any slowdown in hyperscaler spending weighing on the stock. Broadcom: Investors Are Pricing In Perfection

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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