Vest Financial LLC Buys 7,733 Shares of Broadcom Inc. $AVGO

Vest Financial LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,041 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,733 shares during the quarter. Vest Financial LLC’s holdings in Broadcom were worth $42,931,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Baring Financial LLC grew its stake in shares of Broadcom by 2.2% during the fourth quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock valued at $470,000 after buying an additional 29 shares during the last quarter. Five Oceans Advisors grew its stake in shares of Broadcom by 0.4% during the fourth quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer’s stock valued at $2,835,000 after buying an additional 29 shares during the last quarter. Jackson Hole Capital Partners LLC grew its stake in shares of Broadcom by 1.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock valued at $716,000 after buying an additional 30 shares during the last quarter. Private Wealth Partners LLC grew its stake in shares of Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock valued at $1,410,000 after buying an additional 30 shares during the last quarter. Finally, Planning Alternatives Ltd. ADV grew its stake in shares of Broadcom by 1.4% during the third quarter. Planning Alternatives Ltd. ADV now owns 2,168 shares of the semiconductor manufacturer’s stock valued at $715,000 after buying an additional 30 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Management guidance and commentary flagged very strong AI revenue growth, which lifted investor expectations for the company’s near-term top-line and margin expansion. Broadcom guidance reveals breakneck AI revenue growth
• Positive Sentiment: Broadcom expanded its software/AI stack with VMware Cloud Foundation 9.1, positioning its infrastructure software as a bridge to production AI workloads — a revenue and sticky customer-benefit for AVGO beyond silicon. Broadcom Announces VMware Cloud Foundation 9.1
• Positive Sentiment: Institutional buying: Fisher Asset Management significantly increased its Broadcom stake, a bullish endorsement that can support the stock and signal confidence from large investors. Fisher Asset Management boosts Broadcom stake by 847,157 shares
• Positive Sentiment: Market momentum: AVGO is trading in a hot-chip rally that has pushed major peers to 52-week highs, reinforcing sector rotation into semiconductor and infrastructure names. MU, AVGO, MRVL stocks hit 52-week highs amid hot chip rally
• Positive Sentiment: Sector thesis: Analysts and columnists highlight the next AI phase favoring “pick-and-shovel” infrastructure providers (foundries, networking fabric, enterprise deployment tools) — a thematic tailwind for Broadcom’s diversified portfolio. The Next Phase of the AI Boom Could Be Even Kinder to the Pick-and-Shovel Plays
• Neutral Sentiment: Supply-chain context: Coverage of Corning’s big investments and hyperscale contracts (which mention Broadcom as a customer) underscores network/optical buildouts that support hyperscaler deployments — positive for sector demand but indirect for AVGO revenue timing. Light Speed Returns: Corning Cashes In on NVIDIA Growth (AVGO)
• Neutral Sentiment: Analyst/market write-ups (Zacks and others) are highlighting Broadcom as a trending, dividend-growth and high-ROE name — supportive for investor interest but less likely to move fundamentals immediately. Here is What to Know Beyond Why Broadcom Inc. (AVGO) is a Trending Stock
• Negative Sentiment: Competitive/technical risk: Industry discussion about advanced packaging alternatives (e.g., Intel EMIB) signals potential technology/packaging competition that could influence costs or design wins over time. AI Chip Packaging Constraints Create an Opening for Intel’s EMIB Technology
• Negative Sentiment: Valuation risk: AVGO’s rich multiples (high P/E) leave the stock sensitive to any slowdown or guidance miss, tempering upside despite strong headlines.

Broadcom Stock Down 0.4%

Shares of NASDAQ AVGO opened at $425.44 on Thursday. 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 $2.01 trillion, a price-to-earnings ratio of 83.09, a PEG ratio of 0.88 and a beta of 1.43. The stock has a 50 day moving average price of $351.15 and a 200 day moving average price of $350.83. Broadcom Inc. has a 52-week low of $198.43 and a 52-week high of $437.68.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 38.61% and a net margin of 36.57%.Broadcom’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share. Sell-side analysts expect that Broadcom Inc. will post 9.95 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom’s payout ratio is presently 50.78%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Wolfe Research raised Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a research note on Friday, January 30th. Benchmark reaffirmed a “buy” rating and set a $485.00 target price on shares of Broadcom in a research note on Thursday, March 5th. Bank of America cut their target price on Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Weiss Ratings cut Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Broadcom has an average rating of “Moderate Buy” and an average price target of $435.30.

Insider Transactions at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total transaction of $358,310.00. Following the completion of the sale, the director owned 32,352 shares in the company, valued at $11,592,045.12. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Justine Page sold 2,018 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total value of $712,354.00. Following the sale, the director owned 18,164 shares of the company’s stock, valued at approximately $6,411,892. This represents a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 324,282 shares of company stock valued at $106,425,249 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

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.