Wagner Wealth Management LLC Grows Stock Position in Broadcom Inc. $AVGO

Wagner Wealth Management LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 30.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,459 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,455 shares during the quarter. Broadcom accounts for 0.8% of Wagner Wealth Management LLC’s holdings, making the stock its 25th largest holding. Wagner Wealth Management LLC’s holdings in Broadcom were worth $3,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AVGO. Arrowstreet Capital Limited Partnership grew its position in shares of Broadcom by 499.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer’s stock worth $1,858,789,000 after buying an additional 4,694,313 shares in the last quarter. Vanguard Group Inc. raised its holdings in Broadcom by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock valued at $167,064,997,000 after acquiring an additional 3,919,715 shares in the last quarter. Nordea Investment Management AB lifted its stake in Broadcom by 47.5% in the fourth quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer’s stock worth $3,406,211,000 after acquiring an additional 3,160,586 shares during the last quarter. Danske Bank A S purchased a new position in Broadcom in the third quarter worth approximately $987,488,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in Broadcom by 41.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,520,644 shares of the semiconductor manufacturer’s stock worth $2,811,046,000 after acquiring an additional 2,503,304 shares in the last quarter. Hedge funds and other 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: Fisher Asset Management boosted its Broadcom stake by 847,157 shares, signaling institutional confidence and providing a partial counterweight to headline volatility. Fisher Asset Management boosts Broadcom stake
• Positive Sentiment: Analyst coverage and company commentary continue to highlight breakneck AI revenue growth and Broadcom’s repositioning as an AI infrastructure supplier, supporting the company’s longer-term growth thesis. Broadcom guidance reveals one signal getting unusual attention
• Neutral Sentiment: Broadcom continues to expand enterprise/government channel reach (evoila + Carahsoft partnership to deliver VMware by Broadcom services), which is steady, incremental revenue exposure but not a market-moving announcement on its own. evoila U.S. and Carahsoft Partner to Deliver VMware by Broadcom
• Neutral Sentiment: Sector pieces highlighting broader AI infrastructure winners and “pick-and-shovel” plays imply Broadcom could benefit from wider capex across networking, packaging and silicon supply chains, but these are thematic tailwinds rather than immediate catalysts. The Next Phase of the AI Boom Could Be Even Kinder to the Pick-and-Shovel Plays
• Negative Sentiment: Major near-term negative: reporting says Broadcom’s $18B custom AI chip arrangement with OpenAI has hit a financing roadblock, calling into question timing, revenue recognition and Broadcom’s exposure to a single large customer order; market reaction followed with an immediate share pullback. Broadcom OpenAI Financing Snag Puts AI Growth And Valuation In Focus Broadcom Stock (AVGO) Slides after $18B OpenAI Custom Chip Deal Hits Major Financing Snag
• Negative Sentiment: Regulatory disclosure shows Senator Shelley Moore Capito sold AVGO shares in a recent filing; while routine, any public sell disclosures can add to near-term sentiment pressure. Congress Trade: Senator Shelley Moore Capito Just Disclosed New Stock Trades

Insider Transactions at Broadcom

In related news, Director Gayla J. Delly sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 32,352 shares in the company, valued at $11,592,045.12. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction that occurred 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 transaction, the director directly owned 18,164 shares in the company, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 324,282 shares of company stock worth $106,425,249. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised shares of Broadcom from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $410.00 to $430.00 in a research report on Thursday, January 15th. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their target price on Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Citigroup raised their price target on Broadcom from $458.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $500.00 price target on shares of Broadcom in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $435.30.

Broadcom Stock Down 3.0%

Shares of NASDAQ:AVGO opened at $412.56 on Friday. The firm has a 50 day simple moving average of $352.89 and a 200-day simple moving average of $351.28. Broadcom Inc. has a twelve month low of $203.69 and a twelve month high of $437.68. 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 company has a market capitalization of $1.95 trillion, a PE ratio of 80.58, a P/E/G ratio of 0.88 and a beta of 1.43.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm 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. The company’s revenue was up 29.5% on a year-over-year basis. On average, equities analysts predict that Broadcom Inc. will post 9.95 EPS for the current fiscal year.

Broadcom Announces Dividend

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

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.