West Michigan Advisors LLC Sells 4,789 Shares of Broadcom Inc. $AVGO

Key Points

• West Michigan Advisors LLC cut its Broadcom stake by 20.6% in Q4, selling 4,789 shares and now holds 18,499 shares worth about $6.403 million (1.5% of its portfolio, the fund's 7th largest position).
• Significant insider selling: Charlie B. Kawwas and Mark D. Brazeal sold large blocks on March 17 (39,116 and 50,488 shares respectively at ≈$321.6), and insiders have sold 324,282 shares (~$106.4M) in the past 90 days while owning 1.90% of the company.
• Company context: Broadcom has hit roughly a $2 trillion market cap, secured multi‑year AI deals (including with Meta) and reported Q1 beats with strong revenue growth, but faces valuation and customer‑concentration concerns amid mixed analyst ratings and a consensus target of $435.30.

West Michigan Advisors LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 20.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,499 shares of the semiconductor manufacturer's stock after selling 4,789 shares during the quarter. Broadcom comprises 1.5% of West Michigan Advisors LLC's investment portfolio, making the stock its 7th biggest position. West Michigan Advisors LLC's holdings in Broadcom were worth $6,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVGO. Amarillo National Bank boosted its holdings in Broadcom by 6.5% in the 4th quarter. Amarillo National Bank now owns 1,012 shares of the semiconductor manufacturer's stock valued at $350,000 after purchasing an additional 62 shares during the last quarter. Serenus Wealth Advisors LLC boosted its holdings in Broadcom by 54.5% in the 4th quarter. Serenus Wealth Advisors LLC now owns 947 shares of the semiconductor manufacturer's stock valued at $328,000 after purchasing an additional 334 shares during the last quarter. Rather & Kittrell Inc. boosted its holdings in Broadcom by 15.5% in the 4th quarter. Rather & Kittrell Inc. now owns 2,663 shares of the semiconductor manufacturer's stock valued at $922,000 after purchasing an additional 358 shares during the last quarter. Grant Street Asset Management Inc. acquired a new position in Broadcom in the 4th quarter valued at about $384,000. Finally, G&S Capital LLC acquired a new position in Broadcom in the 4th quarter valued at about $204,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 39,116 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider directly owned 74,626 shares of the company's stock, valued at approximately $24,000,467.86. The trade was a 34.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the business'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 $16,236,940.80. Following the transaction, the insider directly owned 278,141 shares of the company's stock, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 324,282 shares of company stock valued at $106,425,249. Corporate insiders own 1.90% of the company's stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Secured a multi-year AI chip deal with Meta that adds predictable, large-scale AI capacity demand and strengthens Broadcom’s hyperscaler revenue visibility. Broadcom just reached a 3-year AI chip deal with Meta
• Positive Sentiment: Market cap milestone: Broadcom reached roughly $2 trillion, signaling strong investor confidence and momentum that can attract more fund flows and index-driven buying. Broadcom Just Hit $2 Trillion Market Cap
• Positive Sentiment: Product and channel expansion: Broadcom unveiled a fourth wave of Wi‑Fi 8 chips plus an optimized 10G PON chip to push multi‑gig broadband upgrades—this supports non‑AI revenue growth and service-provider wins. Broadcom Accelerates Multi-Gig Broadband...
• Positive Sentiment: Institutional buying: Alecta increased its Broadcom stake, a sign of confidence from a large investor that can support secondary-market demand. Alecta Pensionsforsakring Boosts Broadcom Stake
• Positive Sentiment: Broader AI capex tailwind: Analysts raise AI infrastructure forecasts and cite Broadcom’s strong AI revenue growth (Q1 AI revenue up sharply), supporting the firm’s server-switch and accelerator ecosystem exposure. AVGO Rides AI Boom...
• Neutral Sentiment: Positive analyst/market commentary and momentum buys continue (several bullish articles and buy-case writeups), which can sustain sentiment but are opinion-driven rather than new fundamentals. I Was Wrong. Broadcom Is Far From Topping Out.
• Neutral Sentiment: Relative sector positioning: Coverage comparing AVGO, AMD and NVDA highlights Broadcom’s diversified exposure (networking + infrastructure software) — helpful context but not an immediate catalyst. Why AMD, AVGO Are Outperforming Nvidia...
• Negative Sentiment: Valuation and concentration concerns: Several writeups flag stretched multiples and customer concentration risk (hyperscaler exposure), which could make AVGO vulnerable to multiple compression if AI spend forecasts disappoint. How The Broadcom (AVGO) Investment Story Is Shifting...
• Negative Sentiment: Sector sensitivity: Recent short-term semiconductor selloffs tied to AI-sentiment shocks (OpenAI/other warnings) show the stock can snap back quickly if macro or AI-spend headlines turn negative. Semiconductor Stocks Tumble on OpenAI Warning

Broadcom Price Performance

Shares of AVGO opened at $417.43 on Friday. Broadcom Inc. has a fifty-two week low of $195.94 and a fifty-two week high of $429.31. The firm's 50 day moving average price is $347.36 and its 200 day moving average price is $349.80. The company has a market cap of $1.98 trillion, a P/E ratio of 81.53, a PEG ratio of 0.84 and a beta of 1.24. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share 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 firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same period in the prior year, the firm earned $1.60 EPS. The firm's revenue for the quarter was up 29.5% on a year-over-year basis. On average, research analysts forecast that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom's dividend payout ratio (DPR) is presently 50.78%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AVGO shares. Weiss Ratings lowered shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, April 24th. Seaport Research Partners restated a "neutral" rating on shares of Broadcom in a report on Wednesday, April 8th. Erste Group Bank lowered shares of Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Wells Fargo & Company upgraded shares of Broadcom from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $410.00 to $430.00 in a report on Thursday, January 15th. Finally, Royal Bank Of Canada decreased their price objective on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Broadcom presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

About Broadcom

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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