Wagner Wealth Management LLC Increases Position in Broadcom Inc. $AVGO

Wagner Wealth Management LLC lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,459 shares of the semiconductor manufacturer’s stock after buying an additional 2,455 shares during the period. Broadcom makes up approximately 0.8% of Wagner Wealth Management LLC’s holdings, making the stock its 25th largest position. Wagner Wealth Management LLC’s holdings in Broadcom were worth $3,620,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JCIC Asset Management Inc. acquired a new stake in Broadcom during the 3rd quarter worth approximately $31,000. Miller Global Investments LLC acquired a new position in shares of Broadcom in the fourth quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Broadcom in the fourth quarter valued at approximately $33,000. Manning & Napier Advisors LLC purchased a new stake in shares of Broadcom during the third quarter worth approximately $34,000. Finally, Family CFO Inc acquired a new stake in shares of Broadcom during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 3.0%

Broadcom stock opened at $412.56 on Friday. Broadcom Inc. has a fifty-two week low of $203.69 and a fifty-two week high of $437.68. The firm has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 80.58, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. The stock’s fifty day moving average is $352.89 and its two-hundred day moving average is $351.28. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data 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 business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same period in the previous year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. Analysts predict that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 0.6%. Broadcom’s dividend payout ratio is presently 50.78%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AVGO. Zacks Research upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Wolfe Research upgraded shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a research report on Friday, January 30th. Rosenblatt Securities restated a “buy” rating and issued a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. Erste Group Bank lowered shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Mizuho reissued an “outperform” rating and set a $480.00 price target on shares of Broadcom in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock 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: Fisher Asset Management boosted its Broadcom stake by 847,157 shares, signaling institutional confidence and providing a partial counterweight to headline volatility. Fisher Asset Management boosts Broadcom stake
• Positive Sentiment: Analyst coverage and company commentary continue to highlight breakneck AI revenue growth and Broadcom’s repositioning as an AI infrastructure supplier, supporting the company’s longer-term growth thesis. Broadcom guidance reveals one signal getting unusual attention
• Neutral Sentiment: Broadcom continues to expand enterprise/government channel reach (evoila + Carahsoft partnership to deliver VMware by Broadcom services), which is steady, incremental revenue exposure but not a market-moving announcement on its own. evoila U.S. and Carahsoft Partner to Deliver VMware by Broadcom
• Neutral Sentiment: Sector pieces highlighting broader AI infrastructure winners and “pick-and-shovel” plays imply Broadcom could benefit from wider capex across networking, packaging and silicon supply chains, but these are thematic tailwinds rather than immediate catalysts. The Next Phase of the AI Boom Could Be Even Kinder to the Pick-and-Shovel Plays
• Negative Sentiment: Major near-term negative: reporting says Broadcom’s $18B custom AI chip arrangement with OpenAI has hit a financing roadblock, calling into question timing, revenue recognition and Broadcom’s exposure to a single large customer order; market reaction followed with an immediate share pullback. Broadcom OpenAI Financing Snag Puts AI Growth And Valuation In Focus Broadcom Stock (AVGO) Slides after $18B OpenAI Custom Chip Deal Hits Major Financing Snag
• Negative Sentiment: Regulatory disclosure shows Senator Shelley Moore Capito sold AVGO shares in a recent filing; while routine, any public sell disclosures can add to near-term sentiment pressure. Congress Trade: Senator Shelley Moore Capito Just Disclosed New Stock Trades

Insider Transactions at Broadcom

In related news, Director Gayla J. Delly sold 1,000 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total transaction of $358,310.00. Following the sale, the director owned 32,352 shares of the company’s stock, valued at $11,592,045.12. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider S. Ram Velaga sold 8,000 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the completion of the transaction, the insider directly owned 57,932 shares of the company’s stock, valued at $21,464,964.64. The trade was a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,282 shares of company stock worth $106,425,249 in the last quarter. Insiders own 1.90% of the company’s stock.

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.