Wealthfront Advisers LLC Acquires 29,867 Shares of Broadcom Inc. $AVGO

Key Points

• Wealthfront Advisers LLC increased its stake in Broadcom by 29,867 shares (a 5.1% rise) in Q4, bringing its holding to 612,521 shares valued at about $211.99 million.
• Broadcom beat expectations for the quarter with EPS of $2.05 vs. $2.03 est. and revenue of $19.31 billion (up 29.5% YoY); the stock is up ~2.6% and the company has a market cap near $2.02 trillion.
• Insider selling and analyst mix: Insiders sold 324,282 shares (~$106.4M) over the past three months, while analysts remain mostly positive (consensus "Moderate Buy" with a $435.30 target).

Wealthfront Advisers LLC grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 612,521 shares of the semiconductor manufacturer's stock after acquiring an additional 29,867 shares during the period. Wealthfront Advisers LLC's holdings in Broadcom were worth $211,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AVGO. Vanguard Group Inc. boosted its holdings in Broadcom by 0.8% in the 4th 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 during the period. Invesco Ltd. boosted its holdings in Broadcom by 1.8% in the 3rd 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 during the period. Legal & General Group Plc boosted its holdings in Broadcom by 2.3% in the 3rd 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 during the period. Franklin Resources Inc. boosted its holdings in Broadcom by 4.0% in the 3rd 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 during the period. Finally, Amundi boosted its holdings in Broadcom by 3.3% in the 3rd 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 during the period. Institutional investors own 76.43% of the company's stock.

Broadcom Stock Up 2.6%

Shares of NASDAQ AVGO opened at $427.38 on Wednesday. The firm's 50-day moving average price is $349.25 and its 200-day moving average price is $350.33. 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 stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 83.47, a P/E/G ratio of 0.86 and a beta of 1.43. Broadcom Inc. has a 12-month low of $195.94 and a 12-month high of $433.39.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.02. The firm had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business's revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 EPS. On average, equities research analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom's dividend payout ratio is 50.78%.

Insider Buying and Selling

In related news, Director Gayla J. Delly sold 1,000 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the sale, the director directly owned 32,352 shares of the company's stock, valued at $11,592,045.12. This represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the sale, the insider directly owned 278,141 shares in the company, valued at $89,450,145.60. This trade represents 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 worth $106,425,249 over the last three months. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AVGO has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, April 24th. JPMorgan Chase & Co. upped their target price on shares of Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, March 5th. Zacks Research raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Truist Financial upped their target price on shares of Broadcom from $510.00 to $545.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Finally, Morgan Stanley upped their target price on shares of Broadcom from $462.00 to $470.00 and gave the stock an "overweight" rating in a report on Friday, March 6th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Market momentum: AVGO is cited among chip names hitting 52‑week highs as the sector rallies on AI demand, supporting momentum and flows into Broadcom. Read More.
• Positive Sentiment: Product catalyst: Broadcom announced VMware Cloud Foundation 9.1, positioned as a secure, cost‑effective platform for production AI—this directly ties Broadcom’s software stack to accelerating AI infrastructure spend. Read More.
• Positive Sentiment: Buy‑side/analyst support: Several bullish pieces highlight Broadcom as a top AI beneficiary and an attractive growth story (Zacks, Seeking Alpha), reinforcing investor conviction and likely contributing to buying pressure. Read More.
• Positive Sentiment: Industry demand thesis: Research/coverage (Bernstein, others) argues AI agent workloads are driving chip demand “off the charts,” supporting higher revenue and pricing power for AI‑centric suppliers like Broadcom. Read More.
• Positive Sentiment: Macro tailwinds from customers: Strong reports from Big Tech (Google, Meta) and coverage noting Google’s large AI buildout point to stronger orders for Broadcom’s ASICs and infrastructure software. Read More.
• Neutral Sentiment: Valuation/analyst debate: Several articles discuss AVGO’s high multiples versus growth runway (some call it “discounted”), which is informative for positioning but not an immediate catalytic event. Read More.
• Neutral Sentiment: ETF and sector flows: Strong moves in semiconductor/AI ETFs are amplifying interest in AVGO as a core holding for AI exposure—supportive of liquidity and momentum but broad market‑driven. Read More.
• Neutral Sentiment: Calendar item: Broadcom set its Q2 FY2026 earnings date for June 3 — a near‑term event that could re‑rate the stock depending on guidance. Read More.
• Negative Sentiment: Short‑term weakness note: A report explained a recent intraday dip where AVGO underperformed the market; such pullbacks can occur amid profit‑taking after runs to new highs. Read More.

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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