Robinhood Asset Management LLC Purchases Shares of 59,273 Broadcom Inc. $AVGO

Key Points

• Robinhood Asset Management LLC bought 59,273 shares of Broadcom (NASDAQ:AVGO) in Q4, valued at about $20.5 million, making the stock ~1.6% of its portfolio and its 14th-largest holding.
• Broadcom has drawn positive investor attention after locking multi‑year AI deals with Google and Anthropic, triggering institutional buying and analyst upgrades; the stock’s consensus rating is a "Moderate Buy" with an average target of $435.30.
• Fundamentals remain strong: Broadcom reported $2.05 EPS (vs. $2.03 est.) and $19.31 billion revenue (+29.5% YoY) for the quarter, with a net margin of ~36.6% and a quarterly dividend of $0.65 (≈0.7% yield).

Robinhood Asset Management LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,273 shares of the semiconductor manufacturer's stock, valued at approximately $20,514,000. Broadcom makes up approximately 1.6% of Robinhood Asset Management LLC's investment portfolio, making the stock its 14th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Miller Global Investments LLC bought a new position in Broadcom in the fourth quarter valued at approximately $31,000. JCIC Asset Management Inc. bought a new position in Broadcom in the third quarter valued at approximately $31,000. Teachers Insurance & Annuity Association of America bought a new position in Broadcom in the second quarter valued at approximately $28,000. Manning & Napier Advisors LLC bought a new position in shares of Broadcom during the 3rd quarter worth approximately $34,000. Finally, Navigoe LLC boosted its stake in shares of Broadcom by 515.0% during the 3rd quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock worth $40,000 after acquiring an additional 103 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group reiterated a "buy" rating and set a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Wells Fargo & Company upgraded Broadcom from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $410.00 to $430.00 in a research note on Thursday, January 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Broadcom in a research note on Monday, December 29th. Rosenblatt Securities reiterated a "buy" rating and set a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. Finally, Mizuho set a $480.00 target price on Broadcom and gave the stock an "outperform" rating in a research note on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $435.30.

Broadcom Stock Performance

NASDAQ:AVGO opened at $371.46 on Monday. The stock has a market cap of $1.76 trillion, a P/E ratio of 72.55, a PEG ratio of 0.77 and a beta of 1.24. The stock has a 50 day simple moving average of $326.18 and a 200 day simple moving average of $343.15. 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.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.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 posted $1.60 EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a 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%.

Key Headlines Impacting 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

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 50,488 shares of Broadcom stock in a transaction that occurred on Tuesday, March 17th. The stock was 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 trade represents a 15.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom 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 $11,671,507.20. Following the sale, the chief financial officer directly owned 327,760 shares of the company's stock, valued at approximately $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 315,282 shares of company stock worth $103,102,779 in the last 90 days. Company insiders own 1.90% of the company's stock.

Broadcom Company 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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.