Beacon Investment Advisory Services Inc. Sells 6,280 Shares of Broadcom Inc. $AVGO

Beacon Investment Advisory Services Inc. trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,514 shares of the semiconductor manufacturer’s stock after selling 6,280 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Broadcom were worth $24,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Conrad Siegel Investment Advisors Inc. raised its holdings in Broadcom by 17.2% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 2,170 shares of the semiconductor manufacturer’s stock worth $751,000 after purchasing an additional 319 shares during the period. Sky Investment Group LLC raised its holdings in Broadcom by 3.4% in the 4th quarter. Sky Investment Group LLC now owns 11,212 shares of the semiconductor manufacturer’s stock worth $3,880,000 after purchasing an additional 367 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in Broadcom by 3.8% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 11,295 shares of the semiconductor manufacturer’s stock worth $3,909,000 after purchasing an additional 409 shares during the period. Spire Wealth Management raised its holdings in Broadcom by 9.0% in the 4th quarter. Spire Wealth Management now owns 109,737 shares of the semiconductor manufacturer’s stock worth $37,980,000 after purchasing an additional 9,076 shares during the period. Finally, Baron Wealth Management LLC raised its holdings in Broadcom by 55.9% in the 4th quarter. Baron Wealth Management LLC now owns 5,639 shares of the semiconductor manufacturer’s stock worth $1,952,000 after purchasing an additional 2,023 shares during the period. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AVGO has been the topic of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $430.00 target price (up from $375.00) on shares of Broadcom in a report on Friday, December 12th. Barclays reaffirmed an “overweight” rating and issued a $500.00 target price (up from $450.00) on shares of Broadcom in a report on Friday, December 12th. Bank of America decreased their target price on Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on Broadcom and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $435.30.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long-term agreement with Google to develop and supply future generations of custom AI chips and other components for Google’s next‑generation AI racks through 2031, giving Broadcom multi‑year design wins and meaningful revenue visibility. Read More.
• Positive Sentiment: Broadcom expanded its strategic collaboration involving Anthropic, agreeing to provide additional computing capacity (reported ~3.5 GW of capacity sourced from Google’s AI processors), which supports near‑term utilization and potential recurring revenue from cloud/AI services. Read More.
• Positive Sentiment: Market reaction: the stock climbed in after‑hours trading after Broadcom filed the deal details, reflecting investor enthusiasm for large, long‑duration AI contracts and the potential uplift to AI chip and networking sales. Read More.
• Neutral Sentiment: Management outlook: CEO Hock Tan has outlined a vision that AI chip revenue could exceed $100 billion by 2027 — a bullish long‑term target that supports upside expectations but depends on execution, ramp timing and contract economics. Read More.
• Neutral Sentiment: Product diversification: Broadcom launched Symantec CBX, an AI‑powered cloud XDR/security platform that broadens its software/security mix and could smooth revenue cyclicality over time. Read More.
• Negative Sentiment: Analyst action: Erste Group trimmed its rating on Broadcom to Hold, a reminder that some sell‑side firms remain cautious on valuation and near‑term expectations despite the AI deal flow. Read More.

Broadcom Trading Down 0.0%

Shares of AVGO stock opened at $314.43 on Tuesday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $414.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The firm has a market capitalization of $1.49 trillion, a PE ratio of 61.41, a PEG ratio of 0.67 and a beta of 1.24. The stock has a fifty day simple moving average of $324.52 and a two-hundred day simple moving average of $342.80.

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

Broadcom Announces Dividend

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

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 39,116 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following the completion of the sale, the insider owned 74,626 shares in the company, valued at approximately $24,000,467.86. This represents a 34.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider S. Ram Velaga sold 38,841 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider owned 96,147 shares of the company’s stock, valued at approximately $30,920,875.20. The trade was a 28.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 273,049 shares of company stock worth $88,300,115. 1.90% of the stock is currently owned by corporate insiders.

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.