Broadcom Inc. $AVGO Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,390 shares of the semiconductor manufacturer’s stock after selling 3,438 shares during the quarter. Broadcom accounts for about 1.6% of Daymark Wealth Partners LLC’s holdings, making the stock its 11th biggest position. Daymark Wealth Partners LLC’s holdings in Broadcom were worth $48,935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $28,000. JCIC Asset Management Inc. acquired a new position in Broadcom during the third quarter worth $31,000. Miller Global Investments LLC acquired a new position in Broadcom during the fourth quarter worth $31,000. Manning & Napier Advisors LLC purchased a new position in Broadcom in the third quarter worth $34,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Broadcom in the second quarter valued at $36,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Ratings Changes

AVGO has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Rosenblatt Securities increased their price target on shares of Broadcom from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 5th. DA Davidson upgraded shares of Broadcom to a “hold” rating in a research note on Friday, February 13th. Bank of America decreased their price objective on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Broadcom from $475.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $435.30.

Broadcom Price Performance

AVGO stock opened at $309.42 on Friday. The stock’s 50 day moving average price is $328.02 and its 200 day moving average price is $345.17. The firm has a market cap of $1.47 trillion, a P/E ratio of 60.43, a PEG ratio of 0.68 and a beta of 1.22. 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 Inc. has a 1 year low of $138.10 and a 1 year high of $414.61.

Broadcom (NASDAQ:AVGO) last released its quarterly 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. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter last year, the business posted $1.60 earnings per share. Broadcom’s revenue was up 29.5% compared to the same quarter last year. On average, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Insider Transactions at Broadcom

In related news, insider Charlie B. Kawwas sold 39,116 shares of the business’s stock in a transaction dated 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. The trade was a 34.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 70,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total transaction of $24,311,000.00. Following the completion of the transaction, the chief executive officer owned 132,836 shares in the company, valued at approximately $46,133,942.80. This trade represents a 34.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 403,049 shares of company stock worth $133,459,315 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Multiyear co‑development deal with OpenAI positions Broadcom as a key supplier of custom AI accelerators, reinforcing its role in AI infrastructure and long‑term revenue potential. Broadcom’s OpenAI Chip Deal Puts AI Growth And Valuation In Focus
• Positive Sentiment: Analysts and deep‑dive pieces argue the AI growth thesis is accelerating faster than expected, supporting higher medium‑term revenue projections. Broadcom: The AI Thesis Is Playing Out Faster Than Expected
• Positive Sentiment: Commentary highlights Broadcom’s focus on organic growth and AI positioning as structural advantages versus peers. Broadcom: Focus On Organic Growth And AI Position It Well
• Positive Sentiment: Coverage frames OpenAI as a meaningful new customer/co‑developer — a high‑visibility win that could accelerate Broadcom’s move into bespoke AI silicon. OpenAI Just Became Broadcom’s Newest Chip Customer. Here’s Why That’s a Massive Deal for 2026.
• Positive Sentiment: Market analysis says Broadcom’s $100B AI revenue target for 2027 may be conservative, implying upside if AI adoption continues. Why Broadcom’s $100B AI Revenue Forecast May Be Conservative
• Positive Sentiment: Product new releases (post‑quantum in‑flight encryption / SecureHBA deployments) show continued non‑AI enterprise product momentum and diversification. Broadcom (AVGO) Announces Launch of In-Flight Network Encryption Solution
• Neutral Sentiment: ETF/sector flow piece notes tech earnings have grown but share prices lag; Broadcom is mentioned in broader sector recovery context (could influence institutional flows). As Tech Earnings Grow, This ETF Still Hasn’t Caught Up (AVGO)
• Neutral Sentiment: Commentary examines whether the recent ~24% dip after the OpenAI news is a buying opportunity — useful for contrarian investors but not definitive near‑term guidance. Broadcom (AVGO) Stock: Is the 24% Dip a Golden Buying Opportunity After OpenAI Partnership?
• Neutral Sentiment: Morning “stocks to watch” roundup includes AVGO as a headline mover but provides no new fundamental catalyst. 4 stocks to watch on Wednesday: GOOG, GM, AVGO, META
• Neutral Sentiment: Comparisons with TSMC review relative strengths and valuation — useful for portfolio positioning but not a direct catalyst. TSM vs. AVGO: Which is a Better Semiconductor Stock?
• Neutral Sentiment: Report that Broadcom’s AI revenue doubled while the stock barely moved highlights a disconnect between fundamentals and market pricing—explains muted upside despite good numbers. Broadcom’s AI Revenue Just Doubled. The Stock Barely Moved
• Neutral Sentiment: General “AI sell‑off” piece lists names investors might buy into during weakness; broad market sentiment, not company‑specific news. AI Sell-Off: 3 Stocks Investors Should Load Up On
• Negative Sentiment: Insider selling reported across Broadcom raises concern over near‑term insider sentiment and may have amplified the recent pullback as investors take profits. Broadcom Insiders Are Selling Stock. Is AVGO Finally at the End of the Road?

Broadcom 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.