Stillwater Capital Advisors LLC Sells 4,228 Shares of Broadcom Inc. $AVGO

Stillwater Capital Advisors LLC trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,173 shares of the semiconductor manufacturer’s stock after selling 4,228 shares during the period. Broadcom comprises approximately 7.8% of Stillwater Capital Advisors LLC’s holdings, making the stock its biggest holding. Stillwater Capital Advisors LLC’s holdings in Broadcom were worth $72,741,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Baring Financial LLC increased its position in Broadcom by 2.2% during the fourth quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock worth $470,000 after buying an additional 29 shares in the last quarter. Arthur M. Cohen & Associates LLC raised its holdings in shares of Broadcom by 0.6% in the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock worth $1,577,000 after acquiring an additional 30 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its position in shares of Broadcom by 1.4% in the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock valued at $716,000 after acquiring an additional 30 shares in the last quarter. Private Wealth Partners LLC lifted its position in shares of Broadcom by 0.7% in the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock valued at $1,410,000 after acquiring an additional 30 shares in the last quarter. Finally, Planning Alternatives Ltd. ADV boosted 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 acquiring an additional 30 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts See Large Upside — Several sell?side calls and a consolidated “Strong Buy” view imply sizable upside (InsiderMonkey summarizes a consensus ~61% average price-target upside and notes individual Buy ratings such as BofA’s Vivek Arya). Analysts See 61% Upside to Broadcom Inc. (AVGO)
• Positive Sentiment: NVIDIA NVLink Ecosystem Benefit — Coverage of NVIDIA’s NVLink Fusion expansion highlights Broadcom as a potential beneficiary of expanded AI interconnect demand and ecosystem spending. That reinforces the AI revenue growth narrative. 5 Stocks That Win Big From NVIDIA’s NVLink Fusion AI Ecosystem Expansion
• Positive Sentiment: Outlook/Buy?the?Dip Coverage — Recent Motley Fool pieces profile Broadcom as a top AI growth play and favorable vs. peers, supporting demand from growth?oriented investors. 2 Beaten-Down AI Stocks to Buy Before the Next Bull Market
• Neutral Sentiment: Investor Attention / Screeners — Zacks notes AVGO is showing up frequently in user searches and screeners (high ROE/defensive lists), which can increase trading volume but is not a directional driver by itself. Broadcom Inc. (AVGO) is Attracting Investor Attention
• Neutral Sentiment: High ROE / Defensive Mention — Zacks includes AVGO on a short list of high?ROE names framed as defensive amid geopolitical risk; useful context for portfolio positioning. 5 Stocks With High ROE to Buy as Iran War Crisis Refuses to Abate
• Negative Sentiment: Gross?Margin Compression — Zacks flags sequential gross?margin declines as Broadcom’s revenue mix shifts toward AI?driven products; margin deterioration could pressure near?term profitability expectations. AVGO’s Gross Margin Contracts Sequentially
• Negative Sentiment: Large Insider Sale Filed — A recent SEC filing revealed what media called the largest Broadcom insider sale on record, which can spook investors even if not reflective of company fundamentals. Monster insider alert for Broadcom stock as AVGO crashes 5% in a week

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the company a “buy” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. raised their price target on shares of Broadcom from $475.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. DA Davidson upgraded shares of Broadcom to a “hold” rating in a report on Friday, February 13th. Robert W. Baird set a $420.00 price objective on shares of Broadcom in a research report on Friday, December 12th. Finally, TD Cowen reissued a “buy” rating on shares of Broadcom in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Broadcom presently has a consensus rating of “Moderate Buy” and an average price target of $435.30.

Broadcom Stock Up 5.4%

Shares of NASDAQ:AVGO opened at $309.32 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.46 trillion, a price-to-earnings ratio of 60.41, a PEG ratio of 0.63 and a beta of 1.22. The stock’s 50-day moving average price is $325.36 and its two-hundred day moving average price is $343.92. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61.

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

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio is 50.78%.

Insider Activity at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the transaction, the insider owned 278,141 shares of the company’s stock, valued at $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the completion of the transaction, the chief financial officer owned 327,760 shares in the company, valued at approximately $105,407,616. This trade represents a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 373,049 shares of company stock valued at $123,024,715 over the last 90 days. 1.90% of the stock is currently owned by 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.