Red Door Wealth Management LLC Has $12.36 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Red Door Wealth Management increased its Broadcom stake by 11% to 35,706 shares valued at $12.36 million, making AVGO about 1.3% of the firm's portfolio and its 19th-largest holding.
• Broadcom secured multi‑year TPU and networking supply agreements with Google and expanded Anthropic commitments (including ~3.5 GW of TPU capacity from 2027), boosting multi‑year revenue visibility and fueling analyst optimism with consensus price‑target upside near ~33%.
• Despite the bullish partnerships, insiders have sold 273,049 shares (~$88.3M) in the past 90 days and some firms (e.g., Seaport) have issued downgrades amid valuation concerns; Broadcom trades at a high P/E (~69.3), a $1.68T market cap, and a 0.7% dividend yield.

Red Door Wealth Management LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,706 shares of the semiconductor manufacturer's stock after purchasing an additional 3,540 shares during the period. Broadcom accounts for about 1.3% of Red Door Wealth Management LLC's investment portfolio, making the stock its 19th biggest holding. Red Door Wealth Management LLC's holdings in Broadcom were worth $12,358,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Broadcom by 0.5% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 10,311 shares of the semiconductor manufacturer's stock valued at $3,569,000 after purchasing an additional 49 shares during the last quarter. Fearless Solutions LLC dba Best Invest acquired a new position in Broadcom during the fourth quarter valued at approximately $238,000. Coign Capital Advisors LLC boosted its position in Broadcom by 1.5% during the fourth quarter. Coign Capital Advisors LLC now owns 2,138 shares of the semiconductor manufacturer's stock valued at $740,000 after purchasing an additional 32 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in Broadcom by 1.4% during the fourth quarter. Trust Co. of Toledo NA OH now owns 28,957 shares of the semiconductor manufacturer's stock valued at $10,022,000 after purchasing an additional 386 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its position in Broadcom by 4.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 17,645 shares of the semiconductor manufacturer's stock valued at $6,107,000 after purchasing an additional 678 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year TPU and networking supply agreements with Google and expanded Anthropic commitments (including ~3.5 GW of TPU capacity starting 2027), giving multi‑year revenue visibility for chips and networking components. Broadcom Is Making AI Chips with Google. Does That Make AVGO Stock a Buy Now?
• Positive Sentiment: Market/industry coverage frames the Google deal as evidence Broadcom is competing with NVIDIA for hyperscaler AI infrastructure spend, supporting a narrative of structural demand growth for AVGO’s custom AI and networking products. Bloomberg: Broadcom's Google deal proves AI infrastructure demand competing with Nvidia
• Positive Sentiment: Wall Street analysts’ average price targets imply meaningful upside (Zacks highlights a ~33% consensus potential), and several bullish notes/coverage reiterations (e.g., Rosenblatt) are supporting buying interest. Wall Street Analysts Think Broadcom Inc. (AVGO) Could Surge 33.37% Rosenblatt Reiterates Buy for Broadcom
• Neutral Sentiment: Bank of America and other firms have updated forecasts and price targets (resets that reflect both the new deals and valuation questions) — useful for investors but not a clear directional signal alone. Bank of America resets Broadcom stock forecast
• Neutral Sentiment: Corporate developments include a new CFO appointment and product launches (Arcot Smart Ruleset); these are operationally relevant but are incremental versus the AI partnership news. Broadcom is getting a new CFO Broadcom Launches the Arcot Smart Ruleset
• Negative Sentiment: Seaport Global / Seaport Research recently downgraded Broadcom (cut to Neutral) and argued the company may be hitting industry limits — these downgrades increase short‑term sell pressure and raise valuation concerns among some institutional investors. Broadcom downgraded by Seaport Research Seaport Global downgrades Broadcom

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 50,488 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 278,141 shares in the company, valued at approximately $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charlie B. Kawwas sold 39,116 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 74,626 shares of the company's stock, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 273,049 shares of company stock worth $88,300,115 in the last ninety days. 1.90% of the stock is currently owned by company insiders.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $354.91 on Friday. The firm has a market cap of $1.68 trillion, a P/E ratio of 69.32, a price-to-earnings-growth ratio of 0.73 and a beta of 1.24. 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 1-year low of $161.61 and a 1-year high of $414.61. The business's 50 day moving average is $325.37 and its 200-day moving average is $342.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its 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. The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 earnings per share. Equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were paid a dividend of $0.65 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 50.78%.

Analyst Ratings Changes

AVGO has been the topic of several research analyst reports. Seaport Research Partners restated a "neutral" rating on shares of Broadcom in a research note on Wednesday. Robert W. Baird set a $420.00 price objective on Broadcom in a research note on Friday, December 12th. KeyCorp restated an "overweight" rating and issued a $500.00 price objective (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Mizuho set a $480.00 price objective on Broadcom and gave the company an "outperform" rating in a research note on Friday, January 9th. Finally, Royal Bank Of Canada dropped their price objective on Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has an average rating of "Moderate Buy" and an average price target of $435.30.

About Broadcom

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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