Verdence Capital Advisors LLC Sells 3,385 Shares of Broadcom Inc. $AVGO

Key Points

• Verdence Capital Advisors LLC trimmed its Broadcom stake by 4.2%, selling 3,385 shares and leaving 76,648 shares worth $26.53 million (Broadcom is about 1.6% of its portfolio and its 9th largest holding).
• Material insider selling has occurred recently — S. Ram Velaga sold 8,000 shares and director Justine Page sold 2,018, and insiders have sold 324,282 shares valued at $106.4 million over the past 90 days (insiders now own 1.90% of the company).
• Wall Street remains generally bullish: Broadcom posted a Q that beat estimates (EPS $2.05 vs $2.03; revenue $19.31B, +29.5% YoY) and has a consensus "Moderate Buy" with an average target of $435.30 amid several upgrades and price targets up to $450.00.

Verdence Capital Advisors LLC lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,648 shares of the semiconductor manufacturer's stock after selling 3,385 shares during the period. Broadcom accounts for about 1.6% of Verdence Capital Advisors LLC's portfolio, making the stock its 9th largest position. Verdence Capital Advisors LLC's holdings in Broadcom were worth $26,528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nichols & Pratt Advisers LLP MA increased its stake in Broadcom by 18.3% during the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 3,167 shares of the semiconductor manufacturer's stock valued at $1,096,000 after purchasing an additional 490 shares in the last quarter. Elevated Financial Group LLC bought a new stake in Broadcom during the 4th quarter valued at $343,000. Dumont & Blake Investment Advisors LLC bought a new stake in Broadcom during the 4th quarter valued at $203,000. Simon Quick Advisors LLC increased its stake in Broadcom by 8.0% during the 4th quarter. Simon Quick Advisors LLC now owns 29,426 shares of the semiconductor manufacturer's stock valued at $10,184,000 after purchasing an additional 2,183 shares in the last quarter. Finally, Facet Wealth Inc. increased its stake in Broadcom by 91.5% during the 4th quarter. Facet Wealth Inc. now owns 13,953 shares of the semiconductor manufacturer's stock valued at $4,650,000 after purchasing an additional 6,667 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of the company's stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the sale, the insider directly owned 57,932 shares of the company's stock, valued at $21,464,964.64. This represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 2,018 shares of the company's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director directly owned 18,164 shares in the company, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 324,282 shares of company stock valued at $106,425,249. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AVGO. Wolfe Research upgraded shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target for the company in a research note on Friday, January 30th. DA Davidson upgraded shares of Broadcom to a "hold" rating in a research note on Friday, February 13th. Seaport Research Partners reiterated a "neutral" rating on shares of Broadcom in a research note on Wednesday, April 8th. The Goldman Sachs Group reiterated a "buy" rating and issued a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Finally, Wells Fargo & Company upgraded shares of Broadcom from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $410.00 to $430.00 in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and an average target price of $435.30.

Broadcom Price Performance

AVGO opened at $416.41 on Tuesday. The firm has a market cap of $1.97 trillion, a P/E ratio of 81.33, a PEG ratio of 0.87 and a beta of 1.43. The firm has a 50-day moving average of $347.36 and a 200 day moving average of $349.79. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. Broadcom Inc. has a fifty-two week low of $195.94 and a fifty-two week high of $429.31.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm's revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 earnings per share. On average, research analysts expect that Broadcom Inc. will post 9.95 EPS for the current 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 issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.6%. Broadcom's dividend payout ratio is 50.78%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Multiple reports highlight runaway AI-driven chip demand that benefits Broadcom’s data‑center and AI product lines, reinforcing growth expectations for the company. Bernstein Analyst: AI Agents Drive Chip Demand ‘Off the Charts,' Supply Can't Keep Up
• Positive Sentiment: Analyses and roundup pieces name Broadcom as an AI infrastructure beneficiary alongside Nvidia and others, supporting upside expectations from continued cloud/AI capex. AI Enthusiasm Powers Nasdaq to All-Time High: 3 Stocks to Grab
• Positive Sentiment: Broadcom’s product cadence remains constructive: a new Wi‑Fi 8 and 10G PON chip launch broadens its broadband TAM and supports secular growth outside pure AI. Broadcom’s New Wi‑Fi 8 Push Adds Another Leg To Growth Story
• Neutral Sentiment: Broadcom set its Q2 FY2026 earnings date (June 3) — a routine timing announcement that typically increases short‑term positioning and volatility into the release. Broadcom Inc. to Announce Second Quarter Fiscal Year 2026 Financial Results on Wednesday, June 3, 2026
• Neutral Sentiment: Coverage pieces discussing which AI chip names “won” in April and broader thematic takes on where AI economics live may sway rotation between peers rather than change Broadcom’s fundamentals immediately. Broadcom, Qualcomm, or TSMC: Why One AI Chip Stock Won Decisively in April
• Negative Sentiment: Short‑term weakness was flagged in market coverage noting Broadcom “dipped more than the broader market” today — suggesting intraday profit‑taking or sector rotation despite the positive backdrop. Why Broadcom Inc. (AVGO) Dipped More Than Broader Market Today
• Negative Sentiment: Articles questioning the signal from optimistic analyst ratings could amplify selling if investors treat consensus bullishness as a valuation risk rather than fresh conviction. Wall Street Bulls Look Optimistic About Broadcom Inc. (AVGO): Should You Buy?

Broadcom 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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