Shrier Wealth Management LLC Buys New Stake in Broadcom Inc. $AVGO

Key Points

• Shrier Wealth Management LLC opened a new position in Broadcom (AVGO), purchasing 1,611 shares in Q4 valued at about $558,000.
• Significant insider selling: S. Ram Velaga and Charlie B. Kawwas each sold ~38–39k shares on March 17, and insiders have sold a total of 373,049 shares worth roughly $123.0M in the past 90 days, leaving insiders with about 1.90% ownership.
• Broadcom beat Q results (EPS $2.05 vs. $2.03; revenue $19.31B, +29.5% YoY) and carries a Wall Street consensus of “Moderate Buy” with an average price target of $435.30 and a market cap near $1.49T.

Shrier Wealth Management LLC purchased a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,611 shares of the semiconductor manufacturer's stock, valued at approximately $558,000.

A number of other hedge funds also recently bought and sold shares of the business. Miller Global Investments LLC purchased a new position in shares of Broadcom in the 4th quarter worth $31,000. JCIC Asset Management Inc. purchased a new stake in shares of Broadcom during the 3rd quarter valued at about $31,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Broadcom in the 2nd quarter valued at about $28,000. Manning & Napier Advisors LLC bought a new position in shares of Broadcom in the 3rd quarter valued at about $34,000. Finally, Navigoe LLC grew its position in Broadcom by 515.0% in the third quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer's stock worth $40,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Buying and Selling

In other Broadcom news, insider S. Ram Velaga sold 38,841 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the sale, the insider owned 96,147 shares in the company, valued at $30,920,875.20. This trade represents a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charlie B. Kawwas sold 39,116 shares of Broadcom stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following 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 SEC filing for this sale provides additional information. Insiders have sold a total of 373,049 shares of company stock worth $123,024,715 over the last ninety days. Corporate insiders own 1.90% of the company's stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Five‑year, $970M blanket purchase agreement with the Defense Information Systems Agency (DISA) via partner Carahsoft boosts recurring software/government revenue visibility and demonstrates Broadcom’s traction in public‑sector contracts. Broadcom (AVGO) and Carahsoft Announce $970M BPA with DISA
• Positive Sentiment: Appointment of Alphabet finance executive Amie Thuener as CFO (effective June 12) is framed as a governance/operational positive — adds Big Tech financial experience as Broadcom scales its AI chip and software businesses. Broadcom taps Alphabet executive Amie Thuener as next CFO
• Positive Sentiment: High‑profile investor support: reports that Ray Dalio remains bullish on Broadcom add institutional endorsement to the AI/software growth narrative. Broadcom Inc. (AVGO): Billionaire Ray Dalio Continues to Be Bullish
• Neutral Sentiment: Analyst and market commentary continues to emphasize Broadcom’s AI upside and long‑term moat, while noting the story is still early — supportive for sentiment but reliant on execution and product ramp. Broadcom's AI Story Is Still Early
• Negative Sentiment: Broker downgrade: Erste Group cut AVGO from "buy" to "hold," which can pressure flows and investor conviction in the near term. Finviz / coverage note
• Negative Sentiment: Insider selling: co‑founder Henry Samueli disclosed a record sale, drawing attention and potentially heightening investor caution about timing and valuation. What Henry Samueli’s Record Broadcom Sale Signals For AVGO Shareholders
• Negative Sentiment: Macro/sector risk: recent chip‑stock selloff tied to geopolitical tensions (Iran conflict, supply‑chain concerns) and a post‑earnings pullback (Zacks notes a ~5.5% decline since results) weigh on short‑term performance. Nvidia, Broadcom Drop as Chip Stocks Sell Off. Why War Is Hitting Them So Hard.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AVGO. Morgan Stanley boosted their price objective on Broadcom from $462.00 to $470.00 and gave the stock an "overweight" rating in a research note on Friday, March 6th. Bank of America dropped their target price on Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, March 5th. Wells Fargo & Company raised Broadcom from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $410.00 to $430.00 in a research report on Thursday, January 15th. Piper Sandler restated an "overweight" rating and set a $430.00 price target (up from $375.00) on shares of Broadcom in a report on Friday, December 12th. Finally, KeyCorp restated an "overweight" rating and issued a $500.00 price target (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $435.30.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $314.55 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The firm has a 50-day simple moving average of $324.73 and a two-hundred day simple moving average of $343.04. The company has a market cap of $1.49 trillion, a P/E ratio of 61.44, a PEG ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73.

Broadcom (NASDAQ:AVGO - Get Free Report) last released 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 quarter in the prior year, the firm posted $1.60 earnings per share. The company's quarterly revenue was up 29.5% on a year-over-year basis. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom's payout ratio is presently 50.78%.

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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