Sound View Wealth Advisors Group LLC Cuts Stock Position in Broadcom Inc. $AVGO

Sound View Wealth Advisors Group LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,484 shares of the semiconductor manufacturer’s stock after selling 2,923 shares during the quarter. Broadcom accounts for 1.3% of Sound View Wealth Advisors Group LLC’s investment portfolio, making the stock its 19th largest position. Sound View Wealth Advisors Group LLC’s holdings in Broadcom were worth $19,203,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Teachers Insurance & Annuity Association of America purchased a new position in shares of Broadcom in the 2nd quarter worth about $28,000. JCIC Asset Management Inc. purchased a new stake in Broadcom during the third quarter worth about $31,000. Miller Global Investments LLC bought a new stake in Broadcom in the fourth quarter worth about $31,000. Manning & Napier Advisors LLC bought a new stake in Broadcom in the third quarter worth about $34,000. Finally, Evolution Wealth Management Inc. purchased a new position in Broadcom in the second quarter valued at about $36,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $475.00 target price (up from $400.00) on shares of Broadcom in a research note on Friday, December 12th. TD Cowen restated a “buy” rating on shares of Broadcom in a research note on Friday, December 12th. Barclays reaffirmed an “overweight” rating and issued a $500.00 price target (up from $450.00) on shares of Broadcom in a report on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a report on Monday, December 29th. Finally, Benchmark reissued a “buy” rating and issued a $485.00 target price on shares of Broadcom in a research report on Thursday, March 5th. One equities 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $435.30.

Insider Buying and Selling

In related news, insider Charlie B. Kawwas sold 39,116 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 50,488 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 428,970 shares of company stock valued at $142,585,321 in the last three months. Insiders own 1.90% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Bullish AI revenue thesis — analysts and Broadcom management signal very large AI revenue potential (management sees >$100B in 2027; analysts model materially higher using gigawatt math), supporting long-term upside. Why Broadcom’s $100B AI Revenue Forecast May Be Conservative
• Positive Sentiment: Bernstein upgrade and analyst bullishness have buoyed sentiment and drove recent gains — a catalyst for positive reassessment of growth prospects. Broadcom Stock Surges on Bernstein Upgrade
• Positive Sentiment: Infrastructure software momentum — launch of Symantec CBX and strong Infrastructure Software/VMware bookings point to recurring revenue growth and higher margins. AVGO’s Symantec CBX Expands Security Portfolio
• Positive Sentiment: New government/defense win — Broadcom’s DISA/Carahsoft agreement and near-$1B defense contract add a stable, high-value customer channel. Defense Contract
• Neutral Sentiment: Media and analyst coverage remains largely favorable (buy-and-hold narratives, Jim Cramer mentions) but mostly reiterative rather than new information. Jim Cramer Coverage
• Neutral Sentiment: Short-interest entries appear to show data anomalies (zeros/NaN); not actionable as reported but worth monitoring if accurate updates follow.
• Negative Sentiment: Supply-chain risk — Broadcom flagged TSMC capacity constraints and other component shortages, which could limit the company’s ability to fulfill fast-growing AI demand and press near-term revenues. TSMC Capacity Bottleneck
• Negative Sentiment: Regulatory/legal risk — a formal EU antitrust complaint over VMware licensing could lead to regulatory scrutiny, potential remedies or fines in Europe that would affect the infrastructure software business. EU Antitrust Complaint

Broadcom Price Performance

Broadcom stock opened at $318.29 on Wednesday. The firm has a market capitalization of $1.51 trillion, a P/E ratio of 62.17, a PEG ratio of 0.69 and a beta of 1.22. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The business has a fifty day moving average price of $329.11 and a 200-day moving average price of $345.61.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. As a group, equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

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.