Advisors Management Group Inc. ADV Sells 4,646 Shares of Broadcom Inc. $AVGO

Advisors Management Group Inc. ADV lessened its position in Broadcom Inc. (NASDAQ:AVGO) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,480 shares of the semiconductor manufacturer’s stock after selling 4,646 shares during the period. Advisors Management Group Inc. ADV’s holdings in Broadcom were worth $4,665,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Broadcom by 499.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer’s stock valued at $1,858,789,000 after purchasing an additional 4,694,313 shares in the last quarter. Nordea Investment Management AB raised its holdings in Broadcom by 47.5% during the 4th quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer’s stock worth $3,406,211,000 after buying an additional 3,160,586 shares during the period. Danske Bank A S acquired a new stake in Broadcom during the 3rd quarter worth approximately $987,488,000. Invesco Ltd. lifted its stake in Broadcom by 8.4% in the second quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock valued at $10,598,641,000 after buying an additional 2,978,768 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Broadcom by 41.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer’s stock valued at $2,811,046,000 after buying an additional 2,503,304 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 278,141 shares in the company, valued at $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the completion of the sale, the chief executive officer directly owned 132,836 shares of the company’s stock, valued at approximately $46,133,942.80. The trade was a 34.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 373,049 shares of company stock worth $123,024,715 in the last three months. Insiders own 1.90% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI-led revenue surge and large government deal — Broadcom reported strong AI semiconductor growth (triple‑digit in segments cited) and has a ~$970M five‑year U.S. DoD software agreement, underpinning near‑term revenue momentum. Broadcom (AVGO) Valuation Check After 106% AI Chip Growth And US$970 Million Defense Software Deal
• Positive Sentiment: Very bullish analyst consensus — >95% of covering analysts rate AVGO a Buy, with consensus targets implying large upside (reports cite mid‑$400s targets / ~60%+ upside), which supports buyer interest and price support. Analysts See 61% Upside to Broadcom Inc. (AVGO)
• Positive Sentiment: New enterprise product (Symantec CBX) expands software/security recurring revenue potential — product launch could help diversify and lengthen revenue visibility for the software/security business. Broadcom Inc. (AVGO) Unveils Symantec CBX for Enterprise-Grade Network Security
• Neutral Sentiment: Competitive positioning vs. peers is mixed — comparisons to Nvidia and Marvell highlight that Broadcom wins via custom silicon and software, but differences in product exposure mean mixed investor takeaways on relative upside. Nvidia vs Broadcom: Which AI Stock Will Make You More Money
• Neutral Sentiment: Average brokerage recommendation flagged as a Buy but may be overstated — some coverage notes ABR is skewed by optimistic sell‑side ratings, so the metric should be viewed with caution. Is Broadcom Inc. (AVGO) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: Gross margin pressure — several notes call out sequential gross‑margin contraction as AI revenue mix reshapes the business, which could limit near‑term profitability expansion despite revenue growth. AVGO’s Gross Margin Contracts Sequentially: Is Growth Getting Harder?
• Negative Sentiment: Pullback and bear viewpoints — the stock is noted as down year‑to‑date in some pieces, and long‑form critiques raise the “bear case” (valuation, margin risk, non‑AI softness), which can pressure sentiment and create volatility. Broadcom Drops 11% Year to Date: Should You Buy the Stock on the Dip? Broadcom: The Bear Case Nobody Wants To Hear

Broadcom Price Performance

NASDAQ:AVGO opened at $313.49 on Thursday. The stock has a market capitalization of $1.48 trillion, a PE ratio of 61.23, a P/E/G ratio of 0.66 and a beta of 1.24. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. The firm has a fifty day simple moving average of $325.06 and a 200 day simple moving average of $343.71. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80.

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

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s dividend payout ratio is presently 50.78%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $420.00 price objective on shares of Broadcom in a research report on Friday, December 12th. Oppenheimer upped their target price on shares of Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Sanford C. Bernstein reiterated an “outperform” rating and set a $475.00 target price (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Morgan Stanley lifted their price target on Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Finally, DA Davidson upgraded Broadcom to a “hold” rating in a report on Friday, February 13th. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.