Schmidt P J Investment Management Inc. Sells 7,313 Shares of Broadcom Inc. $AVGO

Key Points

• Schmidt P J Investment Management trimmed its Broadcom stake by 7.1% in Q4, selling 7,313 shares and retaining 95,417 shares worth about $33.02 million, making AVGO roughly 5.4% of the firm's portfolio and its third-largest holding.
• Insiders have been net sellers, with 324,282 shares worth $106.4 million sold in the past 90 days, including director Justine Page (2,018 shares at $353) and Charlie B. Kawwas (10,000 shares at $345.23).
• Broadcom trades at roughly a $2.0 trillion market cap after beating March earnings, and is benefiting from AI demand and big hyperscaler deals (reportedly a multi‑year AI chip agreement with Meta); analysts show a consensus "Moderate Buy" with a $435.30 target.

Schmidt P J Investment Management Inc. trimmed its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,417 shares of the semiconductor manufacturer's stock after selling 7,313 shares during the period. Broadcom accounts for approximately 5.4% of Schmidt P J Investment Management Inc.'s investment portfolio, making the stock its 3rd biggest holding. Schmidt P J Investment Management Inc.'s holdings in Broadcom were worth $33,024,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AVGO. JCIC Asset Management Inc. acquired a new position in Broadcom in the 3rd quarter worth approximately $31,000. Miller Global Investments LLC acquired a new position in Broadcom in the 4th quarter worth approximately $31,000. Nvest Wealth Strategies Inc. acquired a new position in Broadcom in the 4th quarter worth approximately $33,000. Manning & Napier Advisors LLC acquired a new position in Broadcom in the 3rd quarter worth approximately $34,000. Finally, Family CFO Inc acquired a new position in Broadcom in the 4th quarter worth approximately $35,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total value of $712,354.00. Following the sale, the director directly owned 18,164 shares in the company, valued at approximately $6,411,892. The trade was a 10.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total value of $3,452,300.00. Following the completion of the sale, the insider owned 787,184 shares in the company, valued at approximately $271,759,532.32. The trade was a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,282 shares of company stock worth $106,425,249 in the last ninety days. Company insiders own 1.90% of the company's stock.

Broadcom Price Performance

NASDAQ:AVGO opened at $421.28 on Friday. Broadcom Inc. has a 52 week low of $195.94 and a 52 week high of $429.31. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.99 trillion, a PE ratio of 82.28, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The stock's 50-day moving average price is $347.36 and its 200-day moving average price is $349.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating 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 analysts' expectations of $19.10 billion. During the same period last year, the firm earned $1.60 EPS. The company's quarterly revenue was up 29.5% on a year-over-year basis. As a group, equities analysts expect that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Key Broadcom News

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

Analyst Upgrades and Downgrades

AVGO has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $500.00 price target on shares of Broadcom in a research report on Tuesday, April 7th. Zacks Research raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 2nd. Mizuho reaffirmed an "outperform" rating and set a $480.00 price objective on shares of Broadcom in a research note on Thursday, April 16th. Citigroup raised their price objective on shares of Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $450.00 price objective on shares of Broadcom in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus 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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