FSM Wealth Advisors LLC Increases Stock Position in Broadcom Inc. $AVGO

FSM Wealth Advisors LLC lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 17.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,990 shares of the semiconductor manufacturer’s stock after buying an additional 1,799 shares during the period. FSM Wealth Advisors LLC’s holdings in Broadcom were worth $3,955,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Broadcom by 1.3% in the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after acquiring an additional 6,222,802 shares in the last quarter. State Street Corp boosted its position in shares of Broadcom by 0.5% during the 2nd quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock worth $51,071,601,000 after purchasing an additional 873,963 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Broadcom by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock worth $29,827,649,000 after purchasing an additional 2,226,585 shares during the period. Norges Bank purchased a new position in shares of Broadcom in the 2nd quarter valued at about $18,579,549,000. Finally, Invesco Ltd. increased its holdings in shares of Broadcom by 8.4% in the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock valued at $10,598,641,000 after purchasing an additional 2,978,768 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Down 1.1%

AVGO opened at $346.10 on Thursday. The firm has a market cap of $1.64 trillion, a P/E ratio of 72.71, a PEG ratio of 1.19 and a beta of 1.19. The business’s fifty day simple moving average is $363.00 and its 200 day simple moving average is $326.52. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter in the previous year, the company posted $1.42 EPS. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. As a group, equities research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s payout ratio is currently 54.62%.

Analyst Ratings Changes

AVGO has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Broadcom from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Sanford C. Bernstein reiterated an “outperform” rating and set a $475.00 price target (up from $400.00) on shares of Broadcom in a research report on Friday, December 12th. Citigroup reissued a “buy” rating and set a $480.00 price target (up previously from $415.00) on shares of Broadcom in a research note on Friday, December 12th. Benchmark raised their price objective on Broadcom from $385.00 to $485.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $500.00 price objective (up from $460.00) on shares of Broadcom in a report on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Broadcom currently has a consensus rating of “Buy” and an average price target of $436.33.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street still sees upside — multiple analyst upgrades and a backdrop of strong AI/data‑center demand leave consensus targets well above current levels, supporting a constructive medium‑term view. Broadcom Inc. (AVGO) up 51% YTD, Wall Street Still Sees 31% Upside
• Positive Sentiment: AI/data‑center positioning — coverage of NVIDIA’s Groq deal highlights a shift from training to inference that benefits networking and infrastructure suppliers like Broadcom, reinforcing secular revenue growth potential. The Lazy Way to Play NVIDIA’s $20B Groq Deal
• Positive Sentiment: Dividend raise & solid fundamentals — Broadcom recently increased its quarterly dividend and reported strong margins/revenue, which supports yield/income investors and the quality growth narrative. MarketBeat: AVGO profile & dividend details
• Neutral Sentiment: Technical/momentum caution — chart analyses suggest the rally may be losing directional momentum, increasing the chance of short‑term volatility despite the positive fundamental story. Broadcom Stock: Is The Rally Losing Directional Momentum?
• Neutral Sentiment: Market/ETF flow context — sector rotation and ETF positioning (SMH vs SOXX) matter for AVGO flows; some pieces note diversified ETF exposure as an alternative to single‑name bets. The Lazy Way to Play NVIDIA’s $20B Groq Deal
• Negative Sentiment: Material insider selling — CEO Hock Tan sold ~100,000 shares (~$34.6M) and other insiders have made large late‑Dec disposals, which is attracting scrutiny and weighing on near‑term sentiment. Hock Tan Sells 100,000 Shares of Broadcom (NASDAQ:AVGO) Stock
• Negative Sentiment: Additional insider sales and profit‑taking — other officers (e.g., Mark Brazeal) reported multi‑million dollar sales in late December, reinforcing short‑term selling pressure. Broadcom (NASDAQ:AVGO) Insider Sells 25,921 Shares

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 25,921 shares of Broadcom stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $352.07, for a total value of $9,126,006.47. Following the completion of the sale, the insider directly owned 240,573 shares of the company’s stock, valued at approximately $84,698,536.11. The trade was a 9.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 3,714 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.79, for a total value of $1,217,412.06. Following the transaction, the chief financial officer directly owned 307,237 shares in the company, valued at approximately $100,709,216.23. This represents a 1.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 650,701 shares of company stock valued at $239,190,157 in the last 90 days. Insiders own 2.00% of the company’s stock.

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.