Orange Investment Advisors Inc. Lowers Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Orange Investment Advisors Inc. cut its Broadcom stake by 6.3% in the fourth quarter, selling 3,564 shares and leaving it with 52,923 shares worth about $18.3 million. Broadcom remains one of the firm’s larger holdings.
• Broadcom’s fundamentals remain strong, with the company recently reporting quarterly EPS of $2.05 on revenue of $19.31 billion, both ahead of analyst expectations. Revenue rose 29.5% year over year, and the stock also carries a quarterly dividend of $0.65 per share.
• Sentiment is mixed but constructive: insiders sold shares in recent months, while analysts still largely rate Broadcom a “Moderate Buy” with an average price target of $453.17. The article also highlights ongoing positive product momentum in Wi‑Fi 8, edge AI, and broadband connectivity.

Orange Investment Advisors Inc. reduced its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,923 shares of the semiconductor manufacturer's stock after selling 3,564 shares during the period. Broadcom comprises approximately 2.0% of Orange Investment Advisors Inc.'s holdings, making the stock its 12th biggest holding. Orange Investment Advisors Inc.'s holdings in Broadcom were worth $18,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Asset Management LLC grew its stake in Broadcom by 0.5% in the 4th quarter. Empirical Asset Management LLC now owns 8,726 shares of the semiconductor manufacturer's stock worth $3,020,000 after acquiring an additional 45 shares during the period. Keudell Morrison Wealth Management purchased a new stake in Broadcom in the 4th quarter worth approximately $1,551,000. Wilian Securities LLC purchased a new stake in Broadcom in the 4th quarter worth approximately $768,000. Prospect Financial Services LLC grew its stake in Broadcom by 13.4% in the 4th quarter. Prospect Financial Services LLC now owns 2,352 shares of the semiconductor manufacturer's stock worth $814,000 after acquiring an additional 278 shares during the period. Finally, Ignite Planners LLC grew its stake in Broadcom by 4.4% in the 4th quarter. Ignite Planners LLC now owns 15,788 shares of the semiconductor manufacturer's stock worth $5,231,000 after acquiring an additional 661 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Mark David Brazeal sold 50,488 shares of the company's 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Justine Page sold 2,018 shares of the company'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 sale, the director directly owned 18,164 shares of the company's stock, valued at approximately $6,411,892. This trade 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 324,282 shares of company stock worth $106,425,249 in the last quarter. Insiders own 1.90% of the company's stock.

Broadcom Stock Down 0.0%

Shares of Broadcom stock opened at $421.86 on Thursday. The company has a fifty day moving average price of $378.80 and a 200 day moving average price of $357.40. 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 Inc. has a twelve month low of $234.43 and a twelve month high of $442.36. The stock has a market cap of $2.00 trillion, a price-to-earnings ratio of 82.39, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly 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. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. During the same period in the prior year, the company earned $1.60 EPS. The firm's revenue was up 29.5% on a year-over-year basis. Equities research analysts forecast that Broadcom Inc. will post 9.91 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

AVGO has been the subject of several recent analyst reports. Erste Group Bank cut shares of Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Morgan Stanley boosted their price objective 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. Rosenblatt Securities reissued a "buy" rating and set a $500.00 price objective on shares of Broadcom in a research note on Tuesday, April 7th. Zacks Research cut shares of Broadcom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. Finally, UBS Group reissued a "buy" rating and set a $490.00 price objective (up from $475.00) on shares of Broadcom in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $453.17.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first integrated Wi‑Fi 8 SoCs for mesh and multi-gigabit routers, extending its leadership in home networking chips and strengthening its position in a key growth market. Article Title
• Positive Sentiment: The company also launched the BCM68850, a 50G PON home gateway SoC with an integrated neural processor and Wi‑Fi 8 support, highlighting Broadcom’s push into edge AI and residential broadband infrastructure. Article Title
• Positive Sentiment: Broadcom’s collaboration with Samsung on a 5G and Wi‑Fi 8 fixed wireless access platform suggests expanding design wins and could support future revenue growth in broadband connectivity. Article Title
• Neutral Sentiment: Analysts continue to rate Broadcom a “Moderate Buy,” which supports a constructive but not dramatically changed view of the stock. Article Title
• Neutral Sentiment: Some market commentary is shifting investor focus toward Qualcomm’s new AI chip deal and broader semiconductor AI winners, which may temporarily distract from Broadcom’s momentum in the AI infrastructure trade. Article Title

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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