Beaumont Financial Advisors LLC Reduces Holdings in Broadcom Inc. $AVGO

Beaumont Financial Advisors LLC trimmed its stake in Broadcom Inc. (NASDAQ:AVGO) by 56.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,662 shares of the semiconductor manufacturer’s stock after selling 18,059 shares during the period. Beaumont Financial Advisors LLC’s holdings in Broadcom were worth $4,729,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America purchased a new position in shares of Broadcom in the 2nd quarter valued at $28,000. JCIC Asset Management Inc. purchased a new position in shares of Broadcom in the 3rd quarter valued at $31,000. Miller Global Investments LLC purchased a new position in shares of Broadcom in the 4th quarter valued at $31,000. Manning & Napier Advisors LLC purchased a new position in shares of Broadcom in the 3rd quarter valued at $34,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of Broadcom in the 2nd quarter valued at $36,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Charlie B. Kawwas sold 39,116 shares of the firm’s stock in a transaction on 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 sale, the insider owned 74,626 shares in the company, valued at approximately $24,000,467.86. This trade represents a 34.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider S. Ram Velaga sold 38,841 shares of the firm’s stock in a transaction on 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 owned 96,147 shares of the company’s stock, valued at $30,920,875.20. This trade represents a 28.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 273,049 shares of company stock worth $88,300,115 over the last quarter. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AVGO. KeyCorp reissued an “overweight” rating and set a $500.00 price objective (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Zacks Research raised shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada lowered their price objective on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Wolfe Research raised shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a research report on Friday, January 30th. Finally, Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Broadcom has an average rating of “Moderate Buy” and a consensus target price of $435.30.

Broadcom Trading Up 6.2%

Shares of Broadcom stock opened at $333.97 on Wednesday. Broadcom Inc. has a 1 year low of $153.09 and a 1 year 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 company has a market capitalization of $1.58 trillion, a P/E ratio of 65.23, a PEG ratio of 0.67 and a beta of 1.24. The company’s fifty day moving average is $324.54 and its two-hundred day moving average is $342.73.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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 company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same period last year, the firm posted $1.60 EPS. Broadcom’s revenue for the quarter was up 29.5% on a year-over-year basis. Analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long‑term agreement to design and supply Google’s next‑generation custom AI chips and components through 2031, positioning AVGO as a core provider for Google’s AI racks and increasing multi‑year revenue visibility. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: Broadcom will also expand capacity commitments with Anthropic (via Google infrastructure), giving the AI startup more compute access and signaling accelerating demand from large AI model customers. Anthropic ups compute deal with Google and Broadcom amid skyrocketing demand
• Positive Sentiment: Broker and media coverage reacted favorably: reports note that the Google/Anthropic deals materially improve multi‑year visibility for Broadcom’s AI chip and networking businesses and helped lift the stock in pre‑market/after‑hours trade. Broadcom to Supply AI Chips to Google, Computing Capacity to Anthropic in Expanded Collaboration
• Positive Sentiment: Rosenblatt reaffirmed a “buy” on AVGO and set a $500 price target, reinforcing bullish analyst sentiment and providing a high‑profile upside reference for traders. Benzinga: Rosenblatt reaffirms buy, $500 PT
• Positive Sentiment: Several outlets and analysts (Zacks, Proactive, 247WallStreet) highlight Broadcom and Micron as critical AI infrastructure enablers — Zacks maintains a bullish view that favors long‑term demand from hyperscalers. Micron and Broadcom: 2 Critical AI Infrastructure Enablers
• Neutral Sentiment: Coverage questions whether these deals can revive broader weakness in the AI trade — articles note AVGO’s recent underperformance versus some peers despite strong fundamentals. Broadcom Stock Gains on Google and Anthropic Deals. Can It Help Revive a Flagging AI Trade?
• Neutral Sentiment: Market commentary urges long‑term investors to “buy the dip” on AVGO given fundamentals, but notes recent share volatility and that benefits will be realized over multiple years. Broadcom Slips 9% – Why Smart Investors Should Buy the Dip Now
• Negative Sentiment: Some analysts remain cautious: Erste Group downgraded AVGO on concerns about the growth trajectory of its software segment, highlighting execution and margin risks outside the chip business. Broadcom (AVGO) Downgraded on Concerns Over Software Segment Growth
• Negative Sentiment: Technicals and valuation remain headwinds after a pullback from December highs; some outlets point out AVGO has entered a technical bear territory, which can amplify short‑term downside risk despite the new deals. Broadcom stock price bullish flag points to more gains after the Anthropic deal

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.