Wedmont Private Capital Has $26.65 Million Stock Position in Broadcom Inc. $AVGO

Key Points

• Wedmont Private Capital boosted its stake in Broadcom by 6.2% to 77,595 shares valued at $26.65 million, making AVGO its 21st largest holding (about 0.9% of the firm's assets).
• Insiders have been net sellers, disposing of 428,970 shares worth roughly $142.6 million over the past 90 days — including CFO Kirsten Spears (36,292 shares) and Charlie B. Kawwas (39,116) — leaving insiders with about 1.9% ownership.
• Company performance and outlook: Broadcom beat quarterly EPS and revenue (EPS $2.05 vs. $2.03; revenue $19.31B, up 29.5% YoY), announced a $0.65 quarterly dividend, and enjoys generally bullish analyst coverage (consensus "Moderate Buy" and ~$435 target) but faces near‑term TSMC supply constraints for AI hardware.

Wedmont Private Capital increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 77,595 shares of the semiconductor manufacturer's stock after purchasing an additional 4,501 shares during the period. Broadcom accounts for approximately 0.9% of Wedmont Private Capital's holdings, making the stock its 21st largest position. Wedmont Private Capital's holdings in Broadcom were worth $26,654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Signet Financial Management LLC lifted its holdings in Broadcom by 0.6% during the 4th quarter. Signet Financial Management LLC now owns 44,531 shares of the semiconductor manufacturer's stock valued at $15,412,000 after purchasing an additional 270 shares during the last quarter. Sarasin & Partners LLP increased its holdings in shares of Broadcom by 16.7% in the fourth quarter. Sarasin & Partners LLP now owns 832,057 shares of the semiconductor manufacturer's stock valued at $287,975,000 after purchasing an additional 119,119 shares during the last quarter. GSG Advisors LLC raised its position in shares of Broadcom by 3.3% in the fourth quarter. GSG Advisors LLC now owns 5,703 shares of the semiconductor manufacturer's stock valued at $1,974,000 after purchasing an additional 181 shares during the period. Nordea Investment Management AB lifted its stake in shares of Broadcom by 47.5% during the 4th quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer's stock worth $3,406,211,000 after buying an additional 3,160,586 shares during the last quarter. Finally, Occidental Asset Management LLC boosted its holdings in shares of Broadcom by 29.7% during the 4th quarter. Occidental Asset Management LLC now owns 4,271 shares of the semiconductor manufacturer's stock worth $1,478,000 after buying an additional 979 shares during the period. Institutional investors own 76.43% of the company's stock.

Insiders Place Their Bets

In related news, CFO Kirsten M. Spears sold 36,292 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the completion of the sale, the chief financial officer owned 327,760 shares of the company's stock, valued at $105,407,616. This represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 39,116 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the sale, the insider directly owned 74,626 shares of the company's stock, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 428,970 shares of company stock valued at $142,585,321 over the last 90 days. 1.90% of the stock is owned by company insiders.

Broadcom Stock Down 1.3%

NASDAQ AVGO opened at $318.29 on Wednesday. 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 company has a market cap of $1.51 trillion, a price-to-earnings ratio of 62.17, a PEG ratio of 0.69 and a beta of 1.22. The company has a 50 day moving average of $329.11 and a 200-day moving average of $345.61. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61.

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

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a $0.65 dividend. The ex-dividend date is Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is presently 50.78%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analyst bullishness — Bernstein’s bullish AI upgrade and other favorable analyst notes have been cited as a near‑term catalyst for the stock, supporting investor confidence in AVGO’s AI exposure. Broadcom (AVGO) Stock Surges Nearly 5% on Bernstein’s Bullish AI Upgrade
• Positive Sentiment: Product & software momentum — Broadcom launched Symantec CBX (integrating Symantec and Carbon Black) and Infrastructure Software revenue/bookings remain strong (VMware growth, bookings > $9.2B), which supports upside to recurring software revenue and margins. AVGO's Symantec CBX Expands Security Portfolio: Revenues to Surge?
• Positive Sentiment: Large government/hyperscaler deals — Broadcom announced a DISA/Carahsoft agreement and reporting of a sizable defense-related contract, and continues to secure hyperscaler commitments, all of which boost revenue visibility and validate its multi‑year AI pipeline. New Broadcom and Carahsoft Agreement With DISA Delivers Uniform Pricing and Cost Transparency
• Positive Sentiment: Longer‑term AI upside — Analysts and commentary suggest Broadcom’s management guidance (~$100B+ AI revenue in 2027) could be conservative given gigawatt commitments from large LLM customers, implying materially larger addressable AI revenue if deployments scale as expected. Broadcom's $100B AI Breakout
• Neutral Sentiment: Celebrity/retail support — Broadcom appears in Jim Cramer’s roster and other retail/coverage writeups, which can sustain retail interest but is not a fundamental catalyst alone. Is Broadcom (AVGO) The Best AI Chip Stock to Buy According to Jim Cramer?
• Neutral Sentiment: Insider trades & data nuance — Coverage on insider transactions flags RSU/tax sales vs. discretionary buys; these details matter for interpretation but don’t change the company’s macro drivers. These Insider Trades Look Like Clear Signals—Until You Read the Fine Print
• Neutral Sentiment: Short‑interest reports appear to show zero shares (likely a reporting/data anomaly) — the published “large increase” is inconsistent with the zero values and days‑to‑cover, so treat that as noisy data rather than a market pressure signal.
• Negative Sentiment: Supply constraints — Broadcom flagged tightening supply, specifically calling out TSMC capacity as a bottleneck for AI hardware. That warning is a direct near‑term risk to shipment cadence and could cap upside until wafer/HBM/substrate availability improves. Broadcom flags supply constraints, says TSMC capacity a bottleneck

Analysts Set New Price Targets

AVGO has been the topic of several research analyst reports. Mizuho set a $480.00 price target on shares of Broadcom and gave the company an "outperform" rating in a report on Friday, January 9th. JPMorgan Chase & Co. increased 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. Susquehanna restated a "positive" rating and issued a $450.00 price target (up from $400.00) on shares of Broadcom in a research note on Thursday, December 4th. DA Davidson raised Broadcom to a "hold" rating in a report on Friday, February 13th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $450.00 target price on shares of Broadcom in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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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