Simplicity Wealth LLC Has $10.96 Million Stake in Broadcom Inc. $AVGO

Key Points

• Simplicity Wealth LLC increased its stake in Broadcom by 5.4% to 31,674 shares worth about $10.96 million, representing 0.7% of its portfolio and the firm's 28th largest holding.
• Insiders have been net sellers recently—including sales by CFO Kirsten M. Spears and Mark Brazeal—with a total of 324,282 shares sold (~$106.4 million) in the past three months; insiders now own 1.90% of the company.
• Broadcom reported quarterly EPS of $2.05 (beating estimates) and revenue of $19.31 billion, up 29.5% year‑over‑year, while management points to rapid AI‑driven growth; analysts hold a consensus "Moderate Buy" rating with a $435.30 price target.

Simplicity Wealth LLC raised its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,674 shares of the semiconductor manufacturer's stock after buying an additional 1,618 shares during the period. Broadcom comprises 0.7% of Simplicity Wealth LLC's portfolio, making the stock its 28th biggest position. Simplicity Wealth LLC's holdings in Broadcom were worth $10,962,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Broadcom by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer's stock worth $167,064,997,000 after buying an additional 3,919,715 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Broadcom by 1.8% during the third quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer's stock worth $12,915,861,000 after buying an additional 700,021 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Broadcom by 2.3% during 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 buying an additional 748,709 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Broadcom by 4.0% during the third quarter. Franklin Resources Inc. now owns 29,511,195 shares of the semiconductor manufacturer's stock worth $9,736,038,000 after buying an additional 1,124,590 shares in the last quarter. Finally, Amundi increased its holdings in shares of Broadcom by 3.3% during the third quarter. Amundi now owns 22,216,816 shares of the semiconductor manufacturer's stock worth $7,453,320,000 after buying an additional 716,523 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 36,292 shares of the firm'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 $11,671,507.20. Following the transaction, the chief financial officer directly owned 327,760 shares of the company's stock, valued at approximately $105,407,616. This trade represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the firm'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 transaction of $16,236,940.80. Following the completion of the transaction, the insider directly owned 278,141 shares in the company, valued at approximately $89,450,145.60. The trade was a 15.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 in the last three months. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AVGO. Mizuho reaffirmed an "outperform" rating and set a $480.00 price objective on shares of Broadcom in a report on Thursday, April 16th. Bank of America lowered their price target on shares of Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, March 5th. Seaport Research Partners reissued a "neutral" rating on shares of Broadcom in a report on Wednesday, April 8th. Weiss Ratings lowered shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada lowered their price target on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Broadcom Stock Performance

Shares of Broadcom stock opened at $425.44 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The firm has a market cap of $2.01 trillion, a P/E ratio of 83.09, a P/E/G ratio of 0.88 and a beta of 1.43. The firm has a 50 day simple moving average of $351.15 and a 200 day simple moving average of $350.83. Broadcom Inc. has a fifty-two week low of $198.43 and a fifty-two week high of $437.68.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same quarter last year, the business posted $1.60 earnings per share. Broadcom's revenue for the quarter was up 29.5% compared to the same quarter last year. Sell-side analysts predict that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 presently 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management guidance and commentary continue to point to rapid AI-driven revenue growth, reinforcing the company’s core growth narrative and supporting premium multiples. MSN: Broadcom guidance reveals breakneck AI revenue growth TheStreet: Broadcom guidance reveals one signal
• Positive Sentiment: Broadcom is cited as a hyperscale customer in Corning’s large fiber/pipeline contracts, which signals sustained capital spending across data-center supply chains that benefits Broadcom’s infrastructure franchise. MarketBeat: Corning article referencing Broadcom
• Positive Sentiment: Product/integration momentum: Broadcom announced VMware Cloud Foundation 9.1 aimed at production AI infrastructure, underscoring the software + silicon positioning that can deepen customer relationships and recurring revenue. GlobeNewswire: VMware Cloud Foundation 9.1
• Neutral Sentiment: Analyst write-ups and screens (Zacks and other outlets) highlight AVGO as a trending/high‑ROE/dividend-growth name — bullish narratives that may already be priced in after recent gains. Zacks: AVGO trending stock
• Neutral Sentiment: Broadcom was part of a broader “hot chip” rally that pushed several names to 52‑week highs; sector momentum helps AVGO but also raises short‑term volatility and profit‑taking risk. MSN: 52-week highs amid hot chip rally
• Negative Sentiment: Technical/competitive risk: packaging and interposer dynamics in high‑end AI chips (e.g., alternatives like Intel’s EMIB approach) could shift design wins or cost structures in ways that affect share of wallet for certain ecosystem players. 247WallSt: AI chip packaging constraints / Intel EMIB

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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