TriaGen Wealth Management LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 65.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,223 shares of the semiconductor manufacturer's stock after selling 6,039 shares during the quarter. TriaGen Wealth Management LLC's holdings in Broadcom were worth $1,115,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in AVGO. JCIC Asset Management Inc. acquired a new stake in Broadcom in the 3rd quarter worth about $31,000. Miller Global Investments LLC bought a new position in Broadcom during the fourth quarter worth $31,000. Manning & Napier Advisors LLC acquired a new position in shares of Broadcom in the 3rd quarter valued at about $34,000. Family CFO Inc bought a new stake in Broadcom in the fourth quarter worth approximately $35,000. Finally, PayPay Securities Corp increased its stake in shares of Broadcom by 88.9% in the 4th quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock valued at $41,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 76.43% of the company's stock.
Key Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom deepened multi‑year, multi‑generation partnerships with Meta and expanded work with Google Cloud (custom AI silicon + cloud networking), strengthening revenue visibility from hyperscalers and bolstering AVGO’s AI growth narrative. Read More.
- Positive Sentiment: Coverage and price‑target upside: bullish research and bullish price‑target narratives (e.g., 247WallStreet’s $475/$558 bull case) feed investor expectations for continued upside and justify momentum buying. Read More.
- Positive Sentiment: Analyst / trade coverage and retail interest: pieces highlighting Broadcom as an AI “growth superstar” and mentions in “AI chip” leader lists keep the stock on buy lists and in thematic ETFs, supporting demand. Read More.
- Positive Sentiment: IBD technical framing: Broadcom is cited as “near buy zone” by IBD-style coverage — technical narratives can trigger momentum-driven inflows from traders. Read More.
- Neutral Sentiment: Sector tailwinds: multiple industry roundup pieces list AVGO among top AI semiconductor plays (alongside NVDA, MU), highlighting structural demand but not changing fundamentals immediately. Such coverage keeps AVGO in thematic funds. Read More.
- Neutral Sentiment: ETF / momentum context: mentions in ETF strategy stories (JPMorgan active bench, momentum ETFs) indicate flows into tech/momentum buckets could benefit AVGO, but effects depend on index/ETF rebalancings. Read More. and Read More.
- Negative Sentiment: Short‑term pull vs. market: a Zacks note flagged AVGO’s decline amid a broader market uptick — suggesting profit‑taking or sector rotation pressured the stock despite positive company news. Read More.
- Negative Sentiment: Valuation caution: coverage noting a stretched valuation and rich multiples vs. near‑term fundamentals raises the risk of sharper pullbacks if AI demand or margins disappoint. Read More.
Insiders Place Their Bets
In other Broadcom news, insider Charlie B. Kawwas sold 39,116 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 74,626 shares in the company, valued at $24,000,467.86. This represents a 34.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider S. Ram Velaga sold 38,841 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 96,147 shares in the company, valued at $30,920,875.20. This represents a 28.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,282 shares of company stock valued at $106,425,249 over the last 90 days. 1.90% of the stock is owned by insiders.
Broadcom Price Performance
AVGO stock opened at $418.20 on Tuesday. The firm has a 50 day moving average of $342.90 and a 200-day moving average of $348.41. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.98 trillion, a P/E ratio of 81.68, a price-to-earnings-growth ratio of 0.87 and a beta of 1.24. Broadcom Inc. has a 12 month low of $184.02 and a 12 month high of $429.31.
Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results 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 net margin of 36.57% and a return on equity of 38.61%. The business had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. During the same period in the prior year, the company posted $1.60 EPS. The business's revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, sell-side analysts predict that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.
Broadcom Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom's dividend payout ratio is currently 50.78%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on AVGO shares. Wells Fargo & Company upgraded Broadcom from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $410.00 to $430.00 in a report on Thursday, January 15th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Broadcom in a research note on Monday, January 5th. Truist Financial lifted their target price on Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Erste Group Bank lowered shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Finally, Bank of America reduced their price objective on Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Broadcom has an average rating of "Moderate Buy" and a consensus price target of $435.30.
Check Out Our Latest Analysis on AVGO
Broadcom Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Broadcom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadcom wasn't on the list.
While Broadcom currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
