Cyndeo Wealth Partners LLC Grows Stake in Broadcom Inc. $AVGO

Cyndeo Wealth Partners LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 181,974 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,209 shares during the period. Broadcom accounts for about 3.4% of Cyndeo Wealth Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Cyndeo Wealth Partners LLC’s holdings in Broadcom were worth $62,981,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Broadcom by 0.5% in the 2nd quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock valued at $51,071,601,000 after buying an additional 873,963 shares during the last quarter. Norges Bank acquired a new position in Broadcom during the second quarter worth $18,579,549,000. Invesco Ltd. increased its holdings in Broadcom by 1.8% during the third quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer’s stock worth $12,915,861,000 after buying an additional 700,021 shares during the last quarter. Legal & General Group Plc raised its position in Broadcom by 2.3% during the third quarter. Legal & General Group Plc now owns 33,450,786 shares of the semiconductor manufacturer’s stock worth $11,035,749,000 after acquiring an additional 748,709 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Broadcom by 3.7% during the second quarter. Alliancebernstein L.P. now owns 30,598,590 shares of the semiconductor manufacturer’s stock worth $8,434,501,000 after acquiring an additional 1,084,776 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of AVGO opened at $322.51 on Tuesday. The company’s 50-day moving average is $329.84 and its 200-day moving average is $345.72. 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 firm has a market capitalization of $1.53 trillion, a PE ratio of 62.99, a PEG ratio of 0.67 and a beta of 1.22. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61.

Broadcom (NASDAQ:AVGO) last announced its quarterly 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 business had revenue of $19.31 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 EPS. Equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Bernstein upgraded Broadcom on AI opportunity, triggering fresh buying interest and price momentum as investors price in larger AI content per data‑center GW. Broadcom (AVGO) Stock Surges Nearly 5% on Bernstein’s Bullish AI Upgrade
• Positive Sentiment: Analysts have been reiterating bullish views and high price targets (e.g., Cantor Fitzgerald’s Overweight/$525 PT) after Broadcom’s strong quarter and upbeat guidance, reinforcing investor conviction on AI and networking growth. What Street Thinks About Broadcom Inc. (AVGO)
• Positive Sentiment: Operational execution: Broadcom has begun volume shipments of its Tomahawk 6 switch chip and expanded its AI infrastructure roadmap (3.5D XPU, 102.4T switch), supporting the company’s large AI revenue thesis and capacity wins with major cloud/LLM customers. Broadcom Inc. (AVGO) Commences Volume Shipping of Tomahawk 6 Chip to Scale AI Networks
• Neutral Sentiment: Broadcom launched Symantec CBX (Carbon Black XDR) to combine Symantec and Carbon Black capabilities — a strategic move in security software that broadens recurring‑revenue exposure but is less material to near‑term AI chip revenue. Broadcom Introduces Symantec CBX
• Negative Sentiment: Regulatory risk: European cloud providers filed an antitrust complaint over Broadcom’s VMware licensing changes, which could lead to inquiries, fines, or commercial constraints in EU cloud markets and add execution uncertainty. EU Antitrust Complaint Puts Broadcom VMware Licensing Strategy Under Spotlight

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 70,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total value of $24,311,000.00. Following the transaction, the chief executive officer directly owned 132,836 shares of the company’s stock, valued at $46,133,942.80. This represents a 34.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the transaction, the insider owned 278,141 shares in the company, valued at $89,450,145.60. The trade was a 15.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 428,970 shares of company stock valued at $142,585,321 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AVGO shares. Barclays reissued an “overweight” rating and issued a $500.00 price objective (up from $450.00) on shares of Broadcom in a research report on Friday, December 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $475.00 target price (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Benchmark reiterated a “buy” rating and issued a $485.00 target price on shares of Broadcom in a research note on Thursday, March 5th. KeyCorp reiterated an “overweight” rating and set a $500.00 price target (up from $460.00) on shares of Broadcom in a report on Friday, December 12th. Finally, Zacks Research downgraded Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. One research 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’s stock. According to MarketBeat, Broadcom has an average rating of “Moderate Buy” and an average target price of $435.30.

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.