Broadcom Inc. $AVGO Position Lowered by West Michigan Advisors LLC

West Michigan Advisors LLC cut its position in Broadcom Inc. (NASDAQ:AVGO) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing 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 period. Broadcom accounts for 1.5% of West Michigan Advisors LLC’s investment portfolio, making the stock its 7th largest holding. West Michigan Advisors LLC’s holdings in Broadcom were worth $6,403,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. JCIC Asset Management Inc. purchased a new position in shares of Broadcom in the 3rd quarter valued at $31,000. Miller Global Investments LLC purchased a new position in shares of Broadcom in the 4th quarter valued at $31,000. Manning & Napier Advisors LLC purchased a new position in shares of Broadcom in the 3rd quarter valued at $34,000. Family CFO Inc purchased a new position in shares of Broadcom in the 4th quarter valued at $35,000. Finally, PayPay Securities Corp grew its position in shares of Broadcom by 88.9% in the 4th quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer’s stock valued at $41,000 after buying an additional 56 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Broadcom

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 Stock Up 3.0%

AVGO stock opened at $417.43 on Friday. Broadcom Inc. has a one year low of $195.94 and a one year high of $429.31. The stock has a market capitalization of $1.98 trillion, a PE ratio of 81.53, a price-to-earnings-growth ratio of 0.84 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The company has a fifty day moving average of $347.36 and a 200-day moving average of $349.80.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS 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 company had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. During the same quarter last year, the business earned $1.60 EPS. The business’s revenue was up 29.5% on a year-over-year basis. As a group, analysts expect that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced 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 50.78%.

Analyst Ratings Changes

A number of analysts recently weighed in on AVGO shares. Seaport Research Partners reiterated a “neutral” rating on shares of Broadcom in a research note on Wednesday, April 8th. Wells Fargo & Company upgraded shares of Broadcom from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $410.00 to $430.00 in a research note on Thursday, January 15th. Erste Group Bank cut shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. DA Davidson upgraded shares of Broadcom to a “hold” rating in a research note on Friday, February 13th. Finally, Weiss Ratings cut shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.

Insider Activity at Broadcom

In other news, insider S. Ram Velaga sold 38,841 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the completion of the transaction, the insider owned 96,147 shares in the company, valued at $30,920,875.20. This trade represents a 28.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charlie B. Kawwas sold 39,116 shares of the stock in a transaction dated 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 $24,000,467.86. This represents a 34.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is owned by company insiders.

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.