IAM Advisory LLC Sells 1,655 Shares of Broadcom Inc. $AVGO

IAM Advisory LLC decreased its position in Broadcom Inc. (NASDAQ:AVGO) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,980 shares of the semiconductor manufacturer’s stock after selling 1,655 shares during the period. Broadcom accounts for about 1.4% of IAM Advisory LLC’s investment portfolio, making the stock its 13th biggest position. IAM Advisory LLC’s holdings in Broadcom were worth $6,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lakeridge Wealth Management LLC increased its holdings in Broadcom by 30.3% during the 4th quarter. Lakeridge Wealth Management LLC now owns 1,260 shares of the semiconductor manufacturer’s stock worth $436,000 after purchasing an additional 293 shares during the period. Holistic Financial Partners lifted its holdings in shares of Broadcom by 1.3% in the 4th quarter. Holistic Financial Partners now owns 6,251 shares of the semiconductor manufacturer’s stock worth $2,163,000 after buying an additional 80 shares during the period. Baring Financial LLC lifted its holdings in shares of Broadcom by 2.2% in the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock worth $470,000 after buying an additional 29 shares during the period. Gilbert & Cook Inc. grew its position in shares of Broadcom by 0.9% during the 4th quarter. Gilbert & Cook Inc. now owns 4,221 shares of the semiconductor manufacturer’s stock worth $1,461,000 after buying an additional 37 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its stake in shares of Broadcom by 0.3% during the fourth quarter. Sagespring Wealth Partners LLC now owns 86,418 shares of the semiconductor manufacturer’s stock valued at $29,909,000 after buying an additional 223 shares during the period. Institutional investors own 76.43% of the company’s stock.

Insider Activity

In related news, CFO Kirsten M. Spears sold 36,292 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the transaction, the chief financial officer directly owned 327,760 shares of the company’s stock, valued at $105,407,616. This represents a 9.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark David Brazeal sold 50,488 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 $16,236,940.80. Following the completion of the sale, the insider owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 528,970 shares of company stock worth $177,150,321. Company insiders own 1.90% of the company’s stock.

Broadcom Stock Down 2.9%

Shares of Broadcom stock opened at $310.51 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.47 trillion, a P/E ratio of 60.65, a PEG ratio of 0.67 and a beta of 1.22. The firm’s 50 day moving average price is $330.43 and its 200-day moving average price is $345.61. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $414.61.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. Broadcom’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 earnings per share. On average, sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, March 23rd. Broadcom’s dividend payout ratio is currently 50.78%.

Analysts Set New Price Targets

Several analysts recently weighed in on AVGO shares. Wolfe Research upgraded 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. Sanford C. Bernstein reissued an “outperform” rating and set a $475.00 price objective (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Rosenblatt Securities boosted their price objective on shares of Broadcom from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. DA Davidson upgraded Broadcom to a “hold” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company raised Broadcom from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $410.00 to $430.00 in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $435.30.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom began production‑volume shipments of the Tomahawk‑6 102.4 Tbps switch — a commercialization milestone that supports near‑term revenue from AI networking buildouts. Tomahawk‑6 Production Volume Shipping
• Positive Sentiment: Broadcom announced shipping the industry’s first end‑to‑end post‑quantum‑cryptography (PQC) safe, in‑flight network encryption solution — a product win that can expand enterprise networking addressable market. PQC Network Encryption Shipping
• Positive Sentiment: Quarterly results and commentary point to heavy AI-driven demand (semiconductor AI revenue up materially and hyperscaler ramps) and management guidance implying faster top‑line growth into Q2 — a tailwind for earnings expectations. Q1 Results & Guidance
• Positive Sentiment: Public confirmation of a custom‑chip relationship with Meta (MTIA) and new optical/400G products strengthen Broadcom’s positioning in hyperscaler AI networking and XPU ecosystems. Meta MTIA & Optical Tech
• Neutral Sentiment: Analyst reaction is mixed — several price‑target raises and bullish notes coexist with critical takes; consensus remains a “Moderate Buy” but creates two‑way trading pressure. Analyst Activity
• Negative Sentiment: Clustered insider selling: multiple executives (including CFO Kirsten Spears and other officers) sold large blocks on March 16–17, which can sap investor confidence and pressure the tape short‑term. Kirsten M. Spears Form 4 (SEC)
• Negative Sentiment: Cloud industry group has petitioned EU regulators for an interim measure over Broadcom’s changes to VMware programs, raising regulatory/legal uncertainty in Europe around its software franchise. EU Interim Measure Request (Reuters)
• Negative Sentiment: Technical downside risk: chart analysts flag a nine‑week symmetrical triangle with a potential breakdown and growing bearish momentum — this can amplify selling if key supports fail. Technical Breakdown Signal

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.