Newbridge Financial Services Group Inc. Purchases 3,284 Shares of Broadcom Inc. $AVGO

Key Points

• Newbridge Financial raised its stake in Broadcom by 7.0% in Q4, buying 3,284 shares to hold 49,939 shares worth $17.284 million, making AVGO its 7th largest position (~2.7% of holdings).
• Broadcom's multi‑year AI wins with Google and Anthropic have driven positive analyst re‑ratings, leaving the stock with a consensus "Moderate Buy" and an average price target of $435.30 (several banks at $450–$475).
• Insiders sold a total of 315,282 shares valued at about $103.1 million over the last quarter — including large March 17 sales by Mark Brazeal and S. Ram Velaga — leaving insider ownership at ~1.9%.

Newbridge Financial Services Group Inc. raised its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,939 shares of the semiconductor manufacturer's stock after purchasing an additional 3,284 shares during the period. Broadcom makes up approximately 2.7% of Newbridge Financial Services Group Inc.'s holdings, making the stock its 7th biggest position. Newbridge Financial Services Group Inc.'s holdings in Broadcom were worth $17,284,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AVGO. Teachers Insurance & Annuity Association of America bought a new stake in Broadcom in the 2nd quarter valued at $28,000. JCIC Asset Management Inc. bought a new stake in Broadcom in the 3rd quarter valued at $31,000. Miller Global Investments LLC bought a new stake in Broadcom in the 4th quarter valued at $31,000. Manning & Napier Advisors LLC bought a new stake in Broadcom in the 3rd quarter valued at $34,000. Finally, Evolution Wealth Management Inc. bought a new stake in Broadcom in the 2nd quarter valued at $36,000. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 50,488 shares of Broadcom stock in a transaction dated 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 completion of the transaction, the insider directly owned 278,141 shares of the company's stock, valued at $89,450,145.60. This trade represents a 15.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider S. Ram Velaga sold 38,841 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the transaction, the insider directly owned 96,147 shares of the company's stock, valued at $30,920,875.20. This represents a 28.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 315,282 shares of company stock valued at $103,102,779 over the last quarter. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup increased their price target on shares of Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a report on Thursday, March 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $450.00 price target on shares of Broadcom in a report on Monday, January 5th. Wolfe Research raised shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target for the company in a report on Friday, January 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Broadcom in a report on Monday, December 29th. Finally, UBS Group set a $475.00 price target on shares of Broadcom and gave the company a "buy" rating in a report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $435.30.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year AI chip deals with hyperscalers (Google, Anthropic), underpinning expectations for durable, high‑margin AI revenue growth and licensing/accelerator demand. Article Title
• Positive Sentiment: Market writeups credit the Google/Anthropic deals for today’s rally and re‑rate Broadcom as a major AI infrastructure beneficiary vs. peers — coverage notes that Broadcom’s business model (custom accelerators + networking) captures hyperscaler capex. Article Title
• Positive Sentiment: Large investors and well‑known managers appear to be increasing exposure (reports on Israel Englander, Ken Fisher adding AVGO), which supports institutional momentum and can amplify price moves. Article Title
• Neutral Sentiment: Short‑interest data in the April snapshot is effectively meaningless (shows zero/NaN), so it provides no actionable signal about bearish positioning or squeeze risk at present.
• Negative Sentiment: Analyst/framing pushback: Seaport Global downgraded Broadcom and Seaport Research gave a "Neutral" rating, while at least one major bank reset its forecast — these notes reflect concern about industry limits, margins sustainability, or valuation and may cap upside until clarity on deal economics arrives. Article Title Article Title

Broadcom Price Performance

NASDAQ:AVGO opened at $371.46 on Friday. The company has a 50-day moving average of $326.18 and a 200-day moving average of $343.12. The company has a market capitalization of $1.76 trillion, a price-to-earnings ratio of 72.55, a PEG ratio of 0.77 and a beta of 1.24. Broadcom Inc. has a 52 week low of $161.61 and a 52 week high of $414.61. 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 released its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the firm earned $1.60 EPS. As a group, equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders 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 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's dividend payout ratio (DPR) 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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