LVW Advisors LLC Cuts Stock Position in Broadcom Inc. $AVGO

LVW Advisors LLC lessened its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 13.7% in the 4th quarter, HoldingsChannel reports. The fund owned 27,003 shares of the semiconductor manufacturer’s stock after selling 4,273 shares during the period. Broadcom makes up about 0.9% of LVW Advisors LLC’s portfolio, making the stock its 23rd largest holding. LVW Advisors LLC’s holdings in Broadcom were worth $9,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Providence First Trust Co boosted its holdings in Broadcom by 1,099.3% in the third quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer’s stock worth $2,944,000 after acquiring an additional 8,179 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Broadcom by 3.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 323,587 shares of the semiconductor manufacturer’s stock valued at $109,492,000 after acquiring an additional 10,786 shares in the last quarter. Lmcg Investments LLC increased its holdings in shares of Broadcom by 9.4% during the third quarter. Lmcg Investments LLC now owns 38,961 shares of the semiconductor manufacturer’s stock valued at $12,854,000 after acquiring an additional 3,357 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Broadcom by 13.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,877,709 shares of the semiconductor manufacturer’s stock valued at $1,063,501,000 after purchasing an additional 455,851 shares during the last quarter. Finally, Wright Investors Service Inc. raised its position in shares of Broadcom by 5.4% in the 3rd quarter. Wright Investors Service Inc. now owns 42,159 shares of the semiconductor manufacturer’s stock valued at $13,909,000 after purchasing an additional 2,178 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In other Broadcom news, 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 sale, the insider directly owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hock E. Tan sold 70,000 shares of Broadcom stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the transaction, the chief executive officer owned 132,836 shares of the company’s stock, valued at $46,133,942.80. The trade was a 34.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 373,049 shares of company stock valued at $123,024,715 in the last 90 days. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVGO. KeyCorp reissued an “overweight” rating and set a $500.00 target price (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Bank of America decreased their price target on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, March 5th. UBS Group set a $475.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a research note on Monday, December 15th. Royal Bank Of Canada dropped 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. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 target price on shares of Broadcom in a research 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadcom presently has a consensus rating of “Moderate Buy” and an average price target of $435.30.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts See Large Upside — Several sell?side calls and a consolidated “Strong Buy” view imply sizable upside (InsiderMonkey summarizes a consensus ~61% average price-target upside and notes individual Buy ratings such as BofA’s Vivek Arya). Analysts See 61% Upside to Broadcom Inc. (AVGO)
• Positive Sentiment: NVIDIA NVLink Ecosystem Benefit — Coverage of NVIDIA’s NVLink Fusion expansion highlights Broadcom as a potential beneficiary of expanded AI interconnect demand and ecosystem spending. That reinforces the AI revenue growth narrative. 5 Stocks That Win Big From NVIDIA’s NVLink Fusion AI Ecosystem Expansion
• Positive Sentiment: Outlook/Buy?the?Dip Coverage — Recent Motley Fool pieces profile Broadcom as a top AI growth play and favorable vs. peers, supporting demand from growth?oriented investors. 2 Beaten-Down AI Stocks to Buy Before the Next Bull Market
• Neutral Sentiment: Investor Attention / Screeners — Zacks notes AVGO is showing up frequently in user searches and screeners (high ROE/defensive lists), which can increase trading volume but is not a directional driver by itself. Broadcom Inc. (AVGO) is Attracting Investor Attention
• Neutral Sentiment: High ROE / Defensive Mention — Zacks includes AVGO on a short list of high?ROE names framed as defensive amid geopolitical risk; useful context for portfolio positioning. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
• Negative Sentiment: Gross?Margin Compression — Zacks flags sequential gross?margin declines as Broadcom’s revenue mix shifts toward AI?driven products; margin deterioration could pressure near?term profitability expectations. AVGO’s Gross Margin Contracts Sequentially
• Negative Sentiment: Large Insider Sale Filed — A recent SEC filing revealed what media called the largest Broadcom insider sale on record, which can spook investors even if not reflective of company fundamentals. Monster insider alert for Broadcom stock as AVGO crashes 5% in a week

Broadcom Stock Performance

AVGO opened at $309.32 on Wednesday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61. 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 firm has a market capitalization of $1.46 trillion, a PE ratio of 60.41, a P/E/G ratio of 0.63 and a beta of 1.22. The firm has a 50 day moving average of $325.36 and a two-hundred day moving average of $343.92.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating the consensus estimate 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 net margin of 36.57% and a return on equity of 38.61%. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s dividend payout ratio is presently 50.78%.

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.