Town & Country Bank & Trust CO dba First Bankers Trust CO Trims Position in Broadcom Inc. $AVGO

Key Points

• Town & Country Bank & Trust trimmed its Broadcom stake by 2.9% in Q4 to 53,252 shares (worth $18.43M), with Broadcom representing about 6.2% of the fund’s portfolio and its largest holding.
• Broadcom beat Q4 estimates (EPS $2.05 vs. $2.03) and grew revenue 29.5% YoY to $19.31B; the company has a $1.68T market cap, a P/E of 69.3, and pays a $0.65 quarterly dividend (≈0.7% yield).
• Multi‑year AI supply deals with Google and expanded Anthropic commitments have boosted analyst bullishness (consensus price target ≈ $435, ~33% upside), though some downgrades and significant insider selling add near‑term valuation risk.

Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,252 shares of the semiconductor manufacturer's stock after selling 1,611 shares during the quarter. Broadcom accounts for approximately 6.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO's portfolio, making the stock its largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Broadcom were worth $18,431,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AVGO. Teachers Insurance & Annuity Association of America bought a new stake in shares of Broadcom in the second quarter worth about $28,000. JCIC Asset Management Inc. bought a new stake in shares of Broadcom in the third quarter worth about $31,000. Miller Global Investments LLC bought a new stake in shares of Broadcom in the fourth quarter worth about $31,000. Manning & Napier Advisors LLC bought a new stake in shares of Broadcom in the third quarter worth about $34,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Broadcom in the second quarter worth about $36,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Performance

Broadcom stock opened at $354.91 on Friday. The stock's 50 day simple moving average is $325.37 and its two-hundred day simple moving average is $342.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The stock has a market cap of $1.68 trillion, a price-to-earnings ratio of 69.32, a PEG ratio of 0.73 and a beta of 1.24. Broadcom Inc. has a fifty-two week low of $161.61 and a fifty-two week high of $414.61.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business's revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's payout ratio is presently 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year TPU and networking supply agreements with Google and expanded Anthropic commitments (including ~3.5 GW of TPU capacity starting 2027), giving multi‑year revenue visibility for chips and networking components. Broadcom Is Making AI Chips with Google. Does That Make AVGO Stock a Buy Now?
• Positive Sentiment: Market/industry coverage frames the Google deal as evidence Broadcom is competing with NVIDIA for hyperscaler AI infrastructure spend, supporting a narrative of structural demand growth for AVGO’s custom AI and networking products. Bloomberg: Broadcom's Google deal proves AI infrastructure demand competing with Nvidia
• Positive Sentiment: Wall Street analysts’ average price targets imply meaningful upside (Zacks highlights a ~33% consensus potential), and several bullish notes/coverage reiterations (e.g., Rosenblatt) are supporting buying interest. Wall Street Analysts Think Broadcom Inc. (AVGO) Could Surge 33.37% Rosenblatt Reiterates Buy for Broadcom
• Neutral Sentiment: Bank of America and other firms have updated forecasts and price targets (resets that reflect both the new deals and valuation questions) — useful for investors but not a clear directional signal alone. Bank of America resets Broadcom stock forecast
• Neutral Sentiment: Corporate developments include a new CFO appointment and product launches (Arcot Smart Ruleset); these are operationally relevant but are incremental versus the AI partnership news. Broadcom is getting a new CFO Broadcom Launches the Arcot Smart Ruleset
• Negative Sentiment: Seaport Global / Seaport Research recently downgraded Broadcom (cut to Neutral) and argued the company may be hitting industry limits — these downgrades increase short‑term sell pressure and raise valuation concerns among some institutional investors. Broadcom downgraded by Seaport Research Seaport Global downgrades Broadcom

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 36,292 shares of the business's stock in a transaction that occurred 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. The trade was a 9.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the sale, the insider directly owned 278,141 shares in the company, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 273,049 shares of company stock valued at $88,300,115. Insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AVGO. Benchmark reissued a "buy" rating and issued a $485.00 target price on shares of Broadcom in a research note on Thursday, March 5th. Erste Group Bank cut Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Rosenblatt Securities reissued a "buy" rating and issued a $500.00 target price on shares of Broadcom in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $435.30.

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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