Sanctuary Advisors LLC Sells 1,944 Shares of Broadcom Inc. $AVGO

Key Points

• Sanctuary Advisors LLC marginally trimmed its stake in Broadcom, selling 1,944 shares (a 0.3% reduction) and now holds 737,823 shares worth about $255.36 million, making AVGO its 8th largest position (1.4% of holdings).
• Significant insider selling has occurred recently — including S. Ram Velaga’s sale of 8,000 shares (~$2.96M) — and insiders have sold 324,282 shares (~$106.4M) over the past three months, leaving insiders with about 1.9% ownership.
• Broadcom posted a quarterly beat (EPS $2.05 vs. $2.03; revenue $19.31B, +29.5% YoY), sits near a $2 trillion market cap, and benefits from AI-driven demand and large hyperscaler deals (e.g., Meta), supporting an average analyst rating of “Moderate Buy” with a $435.30 target, though some warn of overbought/supply risk.

Sanctuary Advisors LLC cut its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 737,823 shares of the semiconductor manufacturer's stock after selling 1,944 shares during the period. Broadcom accounts for 1.4% of Sanctuary Advisors LLC's holdings, making the stock its 8th largest position. Sanctuary Advisors LLC's holdings in Broadcom were worth $255,360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AVGO. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom in the third quarter worth approximately $31,000. Miller Global Investments LLC acquired a new stake in shares of Broadcom in the fourth quarter worth approximately $31,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Broadcom in the fourth quarter worth approximately $33,000. Manning & Napier Advisors LLC acquired a new stake in shares of Broadcom in the third quarter worth approximately $34,000. Finally, Family CFO Inc acquired a new stake in shares of Broadcom in the fourth quarter worth approximately $35,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of Broadcom stock in a transaction on Friday, April 10th. The stock was sold at an average price of $370.52, for a total value of $2,964,160.00. Following the sale, the insider owned 57,932 shares in the company, valued at $21,464,964.64. The trade was a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gayla J. Delly sold 1,000 shares of Broadcom stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the sale, the director owned 32,352 shares in the company, valued at $11,592,045.12. This represents a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is currently owned by company insiders.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI demand and bullish fiscal outlook — Analysts point to surging AI revenues, new XPU and networking products and a bullish fiscal‑2026 outlook as the core growth thesis supporting AVGO’s rally. Broadcom Shares Trade Near 52-Week High: Can the Rally Continue?
• Positive Sentiment: Large customer deals — Reports say Broadcom reached a multi‑year AI chip agreement with Meta, boosting near‑term revenue visibility from a top hyperscaler. Broadcom just reached a 3-year AI chip deal with Meta. Does that make AVGO stock a buy?
• Positive Sentiment: Hyperscaler capex tailwinds — Strong Google and Meta earnings and guidance point to continued AI capex (TPUs, custom networking), directly supporting Broadcom’s product demand outlook. Big-Tech Earnings: Google and Meta's Results Support Broadcom's Outlook
• Positive Sentiment: Product and market‑cap milestones — Broadcom unveiled Wi‑Fi 8 and optimized 10G PON chips for broadband and recently crossed roughly a $2 trillion valuation, reinforcing market confidence in both product roadmap and scale. Broadcom Accelerates Multi‑Gig Broadband with Optimized 10G PON and Wi‑Fi 8 Solutions for Mass Market
• Neutral Sentiment: Institutional buying — Notable investors and funds have increased stakes in AVGO, signaling confidence but not guaranteeing further upside. Alecta Pensionsforsakring Boosts Broadcom Stake by 398,900 Shares
• Neutral Sentiment: Sector rotation and comparisons — Commentary comparing AVGO to peers (AMD, NVDA) highlights relative strength but also shows investors weighing which chip names will best capture the AI build‑out. Why AMD, AVGO are outperforming Nvidia after Big Tech earnings
• Negative Sentiment: Overbought / supply risk — A Schwab analyst warns chip stocks have experienced a sharp rally and face “overhead supply” risk, suggesting potential pullbacks or increased volatility if buyers pause. Schwab Analyst: Chip Stocks Face ‘Overhead Supply' Risk After 50% Rally Off March Lows

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, April 24th. Royal Bank Of Canada reduced their price objective on Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a research report on Monday, March 2nd. DA Davidson upgraded Broadcom to a "hold" rating in a research report on Friday, February 13th. Benchmark reiterated a "buy" rating and set a $485.00 price objective on shares of Broadcom in a research report on Thursday, March 5th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $500.00 price objective on shares of Broadcom in a research report on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Broadcom presently has an average rating of "Moderate Buy" and an average target price of $435.30.

Broadcom Stock Performance

Shares of Broadcom stock opened at $421.28 on Monday. Broadcom Inc. has a one year low of $195.94 and a one year high of $429.31. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 82.28, a PEG ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The business's 50 day moving average price is $347.36 and its 200 day moving average price is $349.79.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced 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. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter last year, the business posted $1.60 earnings per share. The firm's revenue was up 29.5% compared to the same quarter last year. On average, research analysts predict that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Dividend Announcement

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

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.

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