Richard Bernstein Advisors LLC Lowers Stock Holdings in Broadcom Inc. $AVGO

Richard Bernstein Advisors LLC trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,264 shares of the semiconductor manufacturer’s stock after selling 3,314 shares during the period. Broadcom makes up approximately 0.3% of Richard Bernstein Advisors LLC’s holdings, making the stock its 24th largest position. Richard Bernstein Advisors LLC’s holdings in Broadcom were worth $11,167,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. SFG Wealth Management LLC. lifted its holdings in shares of Broadcom by 64.5% during the fourth quarter. SFG Wealth Management LLC. now owns 1,587 shares of the semiconductor manufacturer’s stock valued at $549,000 after purchasing an additional 622 shares during the last quarter. Eclectic Associates Inc. ADV raised its holdings in Broadcom by 5.8% in the 4th quarter. Eclectic Associates Inc. ADV now owns 1,274 shares of the semiconductor manufacturer’s stock worth $441,000 after acquiring an additional 70 shares during the last quarter. Retirement Planning Group LLC raised its holdings in Broadcom by 7.4% in the 4th quarter. Retirement Planning Group LLC now owns 6,147 shares of the semiconductor manufacturer’s stock worth $2,128,000 after acquiring an additional 425 shares during the last quarter. WealthShield Partners LLC raised its holdings in Broadcom by 1.5% in the 4th quarter. WealthShield Partners LLC now owns 18,795 shares of the semiconductor manufacturer’s stock worth $6,505,000 after acquiring an additional 284 shares during the last quarter. Finally, Morton Capital Management LLC CA raised its holdings in Broadcom by 2.2% in the 4th quarter. Morton Capital Management LLC CA now owns 4,384 shares of the semiconductor manufacturer’s stock worth $1,517,000 after acquiring an additional 93 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of recent analyst reports. 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 report on Friday, January 30th. Citigroup restated a “buy” rating and issued a $500.00 price objective (up from $475.00) on shares of Broadcom in a report on Tuesday. Seaport Research Partners restated a “neutral” rating on shares of Broadcom in a report on Wednesday, April 8th. Mizuho reiterated an “outperform” rating and set a $480.00 target price on shares of Broadcom in a research note on Thursday, April 16th. Finally, Royal Bank Of Canada decreased their target price on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and an average price target of $436.13.

Broadcom Trading Down 0.6%

Shares of AVGO stock opened at $416.79 on Thursday. Broadcom Inc. has a 1 year low of $221.60 and a 1 year high of $437.68. The firm has a fifty day moving average price of $360.94 and a 200-day moving average price of $353.52. 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 company has a market cap of $1.97 trillion, a price-to-earnings ratio of 81.40, a PEG ratio of 0.87 and a beta of 1.43.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.02. The company 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%. Broadcom’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. As a group, equities analysts predict that Broadcom Inc. will post 9.95 earnings per share for the current year.

Broadcom Dividend Announcement

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

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Citi raised its price target on Broadcom to $500 from $475 and kept a Buy rating, saying the company remains one of Wall Street’s top semiconductor picks heading into earnings on continued AI demand. Broadcom Enters Earnings As Citi’s Top Semiconductor Pick
• Positive Sentiment: Multiple reports highlighted Broadcom’s growing role in custom AI silicon and AI infrastructure, including talk of a large financing package to support its chipmaking buildout, reinforcing the bullish long-term AI investment case. Why Broadcom (AVGO) Is Becoming a Bigger Force in Custom AI Silicon
• Positive Sentiment: Fund-flow headlines were supportive, with Chris Rokos reportedly buying Broadcom and Mirova US LLC increasing its stake, suggesting institutional confidence remains strong. Broadcom Inc. (AVGO): Chris Rokos Is Buying This Chip Stock
• Neutral Sentiment: Broadcom sued EU antitrust regulators over a request for U.S. legal documents tied to the VMware deal, which adds legal noise but is not yet a clear business fundamental issue. Broadcom sues EU antitrust regulators over request for US legal documents
• Negative Sentiment: Recent trading showed Broadcom easing after a strong run, and some commentary warned that tech valuations are becoming crowded, which may be prompting profit-taking in the stock. Broadcom Inc. (AVGO) Dips More Than Broader Market: What You Should Know
• Negative Sentiment: Some holders also trimmed positions, including PRIMECAP Management and Cincinnati Specialty Underwriters, adding a modest overhang to sentiment. PRIMECAP Management Co trims Broadcom stake by 12,410 shares

Insider Activity

In related news, insider Charlie B. Kawwas sold 39,116 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.61, for a total value 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. This represents a 34.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider S. Ram Velaga sold 38,841 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the completion of the transaction, the insider directly owned 96,147 shares of the company’s stock, valued at $30,920,875.20. This represents a 28.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is currently owned by corporate 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.