Sowell Financial Services LLC Trims Holdings in Broadcom Inc. $AVGO

Key Points

• Sowell Financial Services LLC trimmed its stake in Broadcom (NASDAQ:AVGO) by 15.3% in Q4, selling 9,788 shares and leaving 54,332 shares valued at $18.804 million — about 0.7% of the fund’s portfolio and its 21st largest holding.
• Company insiders have been net sellers recently: CFO Kirsten M. Spears sold 36,292 shares (~$11.67M at $321.60) and S. Ram Velaga sold 17,260 shares (~$6.08M at $352.12), with insiders offloading 315,282 shares (~$103.1M) over the last three months and now owning about 1.9% of the stock.
• Broadcom beat quarterly expectations (EPS $2.05 vs. $2.03; revenue $19.31B, +29.5% YoY), has secured multi‑year AI deals with hyperscalers that support growth expectations, and holds a consensus analyst rating of Moderate Buy with an average price target of $435.30.

Sowell Financial Services LLC reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,332 shares of the semiconductor manufacturer's stock after selling 9,788 shares during the quarter. Broadcom accounts for about 0.7% of Sowell Financial Services LLC's investment portfolio, making the stock its 21st largest holding. Sowell Financial Services LLC's holdings in Broadcom were worth $18,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $28,000. JCIC Asset Management Inc. purchased a new position in shares of Broadcom during the 3rd quarter valued at approximately $31,000. Miller Global Investments LLC purchased a new position in shares of Broadcom during the 4th quarter valued at approximately $31,000. Manning & Napier Advisors LLC purchased a new position in shares of Broadcom during the 3rd quarter valued at approximately $34,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $36,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 36,292 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 $11,671,507.20. Following the sale, the chief financial officer directly owned 327,760 shares of the company's stock, valued at $105,407,616. This trade represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider S. Ram Velaga sold 17,260 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $352.12, for a total value of $6,077,591.20. Following the completion of the sale, the insider directly owned 65,932 shares in the company, valued at $23,215,975.84. This represents a 20.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 315,282 shares of company stock valued at $103,102,779 over the last three months. 1.90% of the stock is currently owned by company insiders.

Broadcom Stock Performance

Shares of AVGO opened at $371.46 on Friday. The business's fifty day moving average price is $326.18 and its 200 day moving average price is $343.09. Broadcom Inc. has a 12-month low of $161.61 and a 12-month high of $414.61. The stock has a market capitalization of $1.76 trillion, a PE ratio of 72.55, a price-to-earnings-growth ratio of 0.74 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 announced its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $1.60 earnings per share. The firm's revenue for the quarter was up 29.5% on a year-over-year basis. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business 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 of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 50.78%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year AI chip deals with hyperscalers (Google, Anthropic), underpinning expectations for durable, high‑margin AI revenue growth and licensing/accelerator demand. Article Title
• Positive Sentiment: Market writeups credit the Google/Anthropic deals for today’s rally and re‑rate Broadcom as a major AI infrastructure beneficiary vs. peers — coverage notes that Broadcom’s business model (custom accelerators + networking) captures hyperscaler capex. Article Title
• Positive Sentiment: Large investors and well‑known managers appear to be increasing exposure (reports on Israel Englander, Ken Fisher adding AVGO), which supports institutional momentum and can amplify price moves. Article Title
• Neutral Sentiment: Short‑interest data in the April snapshot is effectively meaningless (shows zero/NaN), so it provides no actionable signal about bearish positioning or squeeze risk at present.
• Negative Sentiment: Analyst/framing pushback: Seaport Global downgraded Broadcom and Seaport Research gave a "Neutral" rating, while at least one major bank reset its forecast — these notes reflect concern about industry limits, margins sustainability, or valuation and may cap upside until clarity on deal economics arrives. Article Title Article Title

Analysts Set New Price Targets

AVGO has been the subject of several research analyst reports. Wolfe Research upgraded Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 target price for the company in a research note on Friday, January 30th. UBS Group set a $475.00 price objective on Broadcom and gave the stock a "buy" rating in a research note on Monday, December 15th. Truist Financial raised their price objective on Broadcom from $510.00 to $545.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Bank of America reduced their price objective on Broadcom from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, March 5th. Finally, Benchmark restated a "buy" rating and set a $485.00 price objective on shares of Broadcom in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $435.30.

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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