SeaCrest Wealth Management LLC Lowers Stock Holdings in Broadcom Inc. $AVGO

Key Points

• SeaCrest Wealth Management trimmed its Broadcom stake by 3.4%, selling 2,288 shares and holding 64,667 shares valued at $22.21 million, making AVGO 2.3% of the fund and its sixth-largest position.
• Broadcom beat quarterly estimates with $2.05 EPS versus $2.03 expected and $19.31B revenue (up 29.5% YoY), and announced a $0.65 quarterly dividend ($2.60 annual, ~0.9% yield).
• Bullish catalysts include a multiyear deal to co-develop AI accelerators with OpenAI and several analyst upgrades (consensus "Moderate Buy", $435.30 target), but near-term sentiment may be pressured by sizable insider selling (403,049 shares, ~$133.5M over 90 days).

SeaCrest Wealth Management LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,667 shares of the semiconductor manufacturer's stock after selling 2,288 shares during the period. Broadcom makes up 2.3% of SeaCrest Wealth Management LLC's portfolio, making the stock its 6th biggest position. SeaCrest Wealth Management LLC's holdings in Broadcom were worth $22,213,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AVGO. State Street Corp raised its holdings in shares of Broadcom by 0.5% during the second quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer's stock valued at $51,071,601,000 after purchasing an additional 873,963 shares during the last quarter. Invesco Ltd. lifted its position in Broadcom by 1.8% during the third quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer's stock valued at $12,915,861,000 after purchasing an additional 700,021 shares during the period. Legal & General Group Plc boosted its holdings 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 last quarter. Alliancebernstein L.P. boosted its holdings in Broadcom by 3.7% in the second quarter. Alliancebernstein L.P. now owns 30,598,590 shares of the semiconductor manufacturer's stock worth $8,434,501,000 after purchasing an additional 1,084,776 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Broadcom by 4.0% in the 3rd 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. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Down 2.8%

AVGO opened at $300.68 on Friday. The firm's 50 day simple moving average is $327.00 and its two-hundred day simple moving average is $344.92. The company has a market capitalization of $1.42 trillion, a PE ratio of 58.73, a PEG ratio of 0.64 and a beta of 1.22. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. 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 (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 EPS. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, March 23rd. Broadcom's payout ratio is currently 50.78%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: OpenAI partnership: Broadcom struck a multiyear deal to co-develop custom AI accelerators, positioning AVGO as a strategic supplier for OpenAI and signaling material addressable revenue from bespoke AI silicon and related infrastructure. OpenAI Just Became Broadcom's Newest Chip Customer
• Positive Sentiment: Analyst upgrades: Erste Group sharply raised estimates (FY2026 to ~$9.80 EPS and FY2027 to ~$16.55 EPS), implying much stronger earnings power than consensus and supporting a higher valuation if AI wins scale as expected.
• Positive Sentiment: Thesis reinforcement from market commentary: Multiple bullish write-ups highlight Broadcom’s expanding role across custom AI silicon, networking and software for hyperscalers — a structural growth story that investors view as durable despite recent volatility. Broadcom (AVGO) Powers the AI Boom — Bullish despite the Pullback
• Neutral Sentiment: Price-target / multi‑year outlook pieces: Analysts and retail sites are publishing 3‑year AVGO price predictions and scenario analyses reflecting both upside from AI exposure and risk from lofty multiples. Broadcom Stock Price Prediction: Where Will AVGO Be in 3 Years?
• Neutral Sentiment: Buy-the-dip narratives: Several outlets argue the ~24% pullback is a buying opportunity tied to the OpenAI deal and secular AI demand, but these are thesis-driven and hinge on execution. Is the 24% Dip a Golden Buying Opportunity?
• Neutral Sentiment: Macro/sector context: Coverage noting that tech earnings have grown but some ETFs (and segments) lag share-price recovery, which can keep trading volatile for large-cap semiconductors like AVGO. As Tech Earnings Grow, This ETF Still Hasn't Caught Up (AVGO)
• Negative Sentiment: Insider selling: Reports of insiders selling shares have raised near‑term sentiment concerns and may amplify downside during a broader pullback, even if strategic fundamentals remain intact. Broadcom Insiders Are Selling Stock. Is AVGO Finally at the End of the Road?

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. KeyCorp reiterated an "overweight" rating and set a $500.00 target price (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Piper Sandler restated an "overweight" rating and issued a $430.00 price target (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. JPMorgan Chase & Co. lifted their price objective on Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, March 5th. Morgan Stanley upped their price objective on Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a research report on Friday, March 6th. Finally, Truist Financial increased their target price on Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Insiders Place Their Bets

In other news, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the transaction, the chief financial officer directly owned 327,760 shares of the company's stock, valued at $105,407,616. The trade was a 9.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S. Ram Velaga sold 38,841 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider owned 96,147 shares of the company's stock, valued at approximately $30,920,875.20. This trade represents a 28.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 403,049 shares of company stock valued at $133,459,315. 1.90% of the stock is currently owned by corporate insiders.

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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