Patriot Financial Group Insurance Agency LLC Buys 1,285 Shares of Broadcom Inc. $AVGO

Key Points

• Patriot Financial Group Insurance Agency LLC raised its Broadcom stake by 7.1%, buying 1,285 shares to hold 19,486 shares worth $6.744 million, which represents roughly 0.8% of its portfolio and is its 24th-largest holding.
• Insiders have been net sellers: 324,282 shares were sold in the past 90 days (about $106.4 million), including large sales by Mark David Brazeal and Charlie B. Kawwas, while institutional investors own roughly 76.43% of the stock.
• Company and market backdrop: Broadcom posted a slight quarterly EPS beat with revenue up 29.5% YoY, has a ~$2.0 trillion market cap and growing AI/software partnerships (Meta, Google Cloud, VMware), but trades at elevated multiples (P/E ~82.6) near its 52-week high and yields about 0.6%.

Patriot Financial Group Insurance Agency LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,486 shares of the semiconductor manufacturer's stock after acquiring an additional 1,285 shares during the period. Broadcom accounts for approximately 0.8% of Patriot Financial Group Insurance Agency LLC's holdings, making the stock its 24th biggest holding. Patriot Financial Group Insurance Agency LLC's holdings in Broadcom were worth $6,744,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the transaction, the insider owned 278,141 shares of the company's stock, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 39,116 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.61, for a total value of $12,580,096.76. Following the completion of the transaction, the insider directly owned 74,626 shares in the company, valued at approximately $24,000,467.86. This represents a 34.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 324,282 shares of company stock valued at $106,425,249. Company insiders own 1.90% of the company's stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Expanded Google Cloud collaboration — Broadcom and Google launched Cloud Network Insights (end‑to‑end network observability for multi‑cloud/hybrid/SaaS), which supports Broadcom’s push into higher‑margin infrastructure software and recurring revenue. Read More.
• Positive Sentiment: Multi‑year Meta AI infrastructure partnership — a large cloud/AI customer win that expands Broadcom’s addressable market in AI infrastructure and validates its enterprise AI roadmap. Read More.
• Positive Sentiment: VMware Tanzu integration for enterprise AI — Broadcom extended its software stack into a secure runtime for Autonomous AI on VMware, reinforcing software recurring revenue and enterprise AI positioning. Read More.
• Positive Sentiment: Broad sector tailwind — the Philadelphia Semiconductor Index (SOXX) logged a record 17‑day winning streak, reflecting strong demand momentum across chips and lifting broad market sentiment for AVGO. Read More.
• Positive Sentiment: Technical and analyst backing — AVGO formed a bullish 50/200-day "golden cross" (a common momentum signal), and analysts call AVGO one of the few drivers of big 2026 earnings growth alongside NVDA; high-profile investor mentions (e.g., Ken Griffin) add institutional interest. Read More. Read More. Read More.
• Neutral Sentiment: Analyst/commentary roundups — several outlets published bullish theses and “stocks to buy” lists highlighting AVGO’s AI exposure and software mix; useful for sentiment but mainly a compilation of existing catalysts. Read More.
• Negative Sentiment: Valuation and positioning risk — coverage notes elevated trailing/forward P/E ratios and AVGO trading near its 52‑week highs, which increases downside if growth expectations slip or macro sentiment turns. Read More.

Broadcom Trading Up 0.7%

Shares of NASDAQ:AVGO opened at $422.76 on Friday. The company has a market cap of $2.00 trillion, a P/E ratio of 82.57, a PEG ratio of 0.87 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. Broadcom Inc. has a 1 year low of $184.02 and a 1 year high of $429.31. The stock's fifty day moving average price is $341.04 and its 200-day moving average price is $347.79.

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 (EPS) 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 the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company's quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. Sell-side analysts expect that Broadcom Inc. will post 9.95 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared 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 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's dividend payout ratio is presently 50.78%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $450.00 price target on shares of Broadcom in a research note on Monday, January 5th. Morgan Stanley upped their price target on Broadcom from $462.00 to $470.00 and gave the stock an "overweight" rating in a research note on Friday, March 6th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Broadcom in a research note on Friday, April 10th. DA Davidson raised Broadcom to a "hold" rating in a research note on Friday, February 13th. Finally, Wells Fargo & Company raised Broadcom from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $410.00 to $430.00 in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $435.30.

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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