Brady Martz Wealth Solutions LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 18.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,849 shares of the semiconductor manufacturer’s stock after selling 4,607 shares during the quarter. Broadcom comprises about 1.2% of Brady Martz Wealth Solutions LLC’s investment portfolio, making the stock its 21st largest position. Brady Martz Wealth Solutions LLC’s holdings in Broadcom were worth $6,870,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the stock. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom during the second quarter worth about $28,000. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom during the 3rd quarter valued at approximately $31,000. Miller Global Investments LLC acquired a new stake in shares of Broadcom during the 4th quarter valued at approximately $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Broadcom during the 3rd quarter worth approximately $34,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Broadcom during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.
Key Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Five‑year, $970M blanket purchase agreement with the Defense Information Systems Agency (DISA) via partner Carahsoft boosts recurring software/government revenue visibility and demonstrates Broadcom’s traction in public‑sector contracts. Broadcom (AVGO) and Carahsoft Announce $970M BPA with DISA
- Positive Sentiment: Appointment of Alphabet finance executive Amie Thuener as CFO (effective June 12) is framed as a governance/operational positive — adds Big Tech financial experience as Broadcom scales its AI chip and software businesses. Broadcom taps Alphabet executive Amie Thuener as next CFO
- Positive Sentiment: High‑profile investor support: reports that Ray Dalio remains bullish on Broadcom add institutional endorsement to the AI/software growth narrative. Broadcom Inc. (AVGO): Billionaire Ray Dalio Continues to Be Bullish
- Neutral Sentiment: Analyst and market commentary continues to emphasize Broadcom’s AI upside and long‑term moat, while noting the story is still early — supportive for sentiment but reliant on execution and product ramp. Broadcom’s AI Story Is Still Early
- Negative Sentiment: Broker downgrade: Erste Group cut AVGO from “buy” to “hold,” which can pressure flows and investor conviction in the near term. Finviz / coverage note
- Negative Sentiment: Insider selling: co‑founder Henry Samueli disclosed a record sale, drawing attention and potentially heightening investor caution about timing and valuation. What Henry Samueli’s Record Broadcom Sale Signals For AVGO Shareholders
- Negative Sentiment: Macro/sector risk: recent chip‑stock selloff tied to geopolitical tensions (Iran conflict, supply‑chain concerns) and a post‑earnings pullback (Zacks notes a ~5.5% decline since results) weigh on short‑term performance. Nvidia, Broadcom Drop as Chip Stocks Sell Off. Why War Is Hitting Them So Hard.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on AVGO
Insiders Place Their Bets
In other Broadcom news, insider S. Ram Velaga sold 38,841 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 $12,491,265.60. Following the completion of the sale, the insider directly owned 96,147 shares in the company, valued at $30,920,875.20. This represents a 28.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 373,049 shares of company stock worth $123,024,715. Corporate insiders own 1.90% of the company’s stock.
Broadcom Price Performance
AVGO opened at $314.55 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The company’s 50 day simple moving average is $324.73 and its 200 day simple moving average is $343.04. The stock has a market capitalization of $1.49 trillion, a PE ratio of 61.44, a P/E/G ratio of 0.67 and a beta of 1.24. 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 (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. The firm had revenue of $19.31 billion during 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 revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.
Broadcom Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, March 23rd. Broadcom’s dividend payout ratio is presently 50.78%.
Broadcom Company 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.
See Also
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