Intellus Advisors LLC Sells 3,386 Shares of Broadcom Inc. $AVGO

Intellus Advisors LLC decreased its stake in Broadcom Inc. (NASDAQ:AVGO) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,955 shares of the semiconductor manufacturer’s stock after selling 3,386 shares during the period. Broadcom accounts for approximately 2.2% of Intellus Advisors LLC’s holdings, making the stock its 17th largest position. Intellus Advisors LLC’s holdings in Broadcom were worth $16,943,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Resolute Wealth Strategies LLC grew its holdings in shares of Broadcom by 4.1% in the 4th quarter. Resolute Wealth Strategies LLC now owns 1,483 shares of the semiconductor manufacturer’s stock valued at $513,000 after acquiring an additional 58 shares in the last quarter. Plan A Wealth LLC lifted its stake in Broadcom by 2.6% in the 4th quarter. Plan A Wealth LLC now owns 3,050 shares of the semiconductor manufacturer’s stock valued at $1,056,000 after purchasing an additional 78 shares during the last quarter. Magnolia Private Wealth LLC lifted its stake in Broadcom by 6.8% in the 4th quarter. Magnolia Private Wealth LLC now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $363,000 after purchasing an additional 67 shares during the last quarter. Goldenstone Wealth Management LLC acquired a new stake in Broadcom in the 4th quarter valued at about $2,197,000. Finally, FourThought Financial Partners LLC lifted its stake in Broadcom by 1.5% in the 4th quarter. FourThought Financial Partners LLC now owns 148,466 shares of the semiconductor manufacturer’s stock valued at $51,384,000 after purchasing an additional 2,254 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first end-to-end 50G PON edge AI portfolio, led by the BCM68850 home gateway SoC with an integrated NPU and native Wi?Fi 8 support, underscoring demand for its AI-enabled networking products. Article Title
• Positive Sentiment: Several articles highlighted Broadcom as a major beneficiary of AI infrastructure spending, with commentary pointing to strong custom silicon partnerships and growing confidence that hyperscalers will keep outsourcing specialized chips to AVGO. Article Title
• Positive Sentiment: Investor attention also turned to Broadcom after reports that billionaire Stanley Druckenmiller sold other AI names and bought Broadcom instead, a sentiment signal that can encourage more buying. Article Title
• Positive Sentiment: Broadcom was repeatedly framed as a core AI networking winner, with commentary suggesting the market is rewarding companies tied to the AI chip and infrastructure cycle. Article Title
• Neutral Sentiment: Analyst-style coverage ahead of Broadcom’s next earnings report is keeping attention on results and management commentary, but this is more of a watch item than an immediate stock driver. Article Title
• Neutral Sentiment: One commentary piece suggested Broadcom could have further upside if AI infrastructure demand keeps accelerating, but this was largely a valuation and price-target discussion rather than new company-specific news. Article Title

Broadcom Trading Up 1.9%

Shares of AVGO stock opened at $422.01 on Wednesday. The firm has a 50 day moving average price of $376.86 and a two-hundred day moving average price of $356.93. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $2.00 trillion, a PE ratio of 82.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. Broadcom Inc. has a 12-month low of $231.13 and a 12-month high of $442.36.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the business posted $1.60 earnings per share. As a group, analysts predict that Broadcom Inc. will post 9.91 earnings per share for the current year.

Broadcom Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AVGO shares. Seaport Research Partners reiterated a “neutral” rating on shares of Broadcom in a research note on Wednesday, April 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. DA Davidson upgraded shares of Broadcom to a “hold” rating in a research note on Friday, February 13th. Wolfe Research upgraded shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Friday, January 30th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $545.00 target price (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $448.10.

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Charlie B. Kawwas sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total transaction of $3,452,300.00. Following the sale, the insider owned 787,184 shares of the company’s stock, valued at $271,759,532.32. This trade represents a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 324,282 shares of company stock valued at $106,425,249. Company insiders own 1.90% of the company’s stock.

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.