Exencial Wealth Advisors LLC Reduces Stock Holdings in Broadcom Inc. $AVGO

Exencial Wealth Advisors LLC lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,820 shares of the semiconductor manufacturer’s stock after selling 15,008 shares during the period. Broadcom comprises 1.3% of Exencial Wealth Advisors LLC’s portfolio, making the stock its 15th largest holding. Exencial Wealth Advisors LLC’s holdings in Broadcom were worth $41,123,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Broadcom by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock valued at $167,064,997,000 after purchasing an additional 3,919,715 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Broadcom by 1.8% during the 3rd quarter. Invesco Ltd. now owns 39,149,651 shares of the semiconductor manufacturer’s stock worth $12,915,861,000 after purchasing an additional 700,021 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Broadcom by 2.3% during the third quarter. Legal & General Group Plc now owns 33,450,786 shares of the semiconductor manufacturer’s stock worth $11,035,749,000 after buying an additional 748,709 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Broadcom by 4.0% in the third quarter. Franklin Resources Inc. now owns 29,511,195 shares of the semiconductor manufacturer’s stock valued at $9,736,038,000 after buying an additional 1,124,590 shares during the last quarter. Finally, Amundi raised its position in shares of Broadcom by 3.3% in the third quarter. Amundi now owns 22,216,816 shares of the semiconductor manufacturer’s stock valued at $7,453,320,000 after buying an additional 716,523 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: Broadcom announced VMware Cloud Foundation 9.1, positioning AVGO to capture more spend tied to production AI infrastructure (software + hardware stack synergy could improve enterprise contract value). Broadcom Announces VMware Cloud Foundation 9.1
• Positive Sentiment: Bernstein commentary that AI agent demand is “off the charts” supports upside for leading chip suppliers, a bullish demand signal that benefits Broadcom’s data-center and AI infrastructure businesses. Bernstein Analyst: AI Agents Drive Chip Demand ‘Off the Charts’
• Positive Sentiment: Multiple outlets highlight Broadcom as an AI beneficiary (Zacks, Yahoo, Seeking Alpha), reinforcing positive sentiment and analyst interest that can lift the stock on flows and upgrades. Broadcom Inc. (AVGO) is an Incredible Growth Stock: 3 Reasons Why
• Neutral Sentiment: Sector and ETF momentum (strong gains in semiconductor/AI ETFs) is amplifying flows into leading chip names, which can lift AVGO even without company-specific catalysts. Up 160% in One Month, This AI ETF Can Still 5X
• Neutral Sentiment: Broadcom set its Q2 FY2026 earnings release date (June 3); the scheduled report keeps attention on upcoming guidance and could sustain trading volume. Broadcom Inc. to Announce Second Quarter Fiscal Year 2026 Financial Results on Wednesday, June 3, 2026
• Negative Sentiment: Recent coverage noted a prior intraday dip where AVGO fell more than the broader market — a reminder of volatility and that shares can swing on short-term profit-taking. Why Broadcom Inc. (AVGO) Dipped More Than Broader Market Today

Broadcom Trading Up 2.6%

AVGO stock opened at $427.38 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 83.47, a PEG ratio of 0.86 and a beta of 1.43. The business has a fifty day simple moving average of $349.25 and a 200-day simple moving average of $350.33. Broadcom Inc. has a 52 week low of $195.94 and a 52 week high of $433.39.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating 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 firm had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $19.10 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. On average, equities research analysts expect that Broadcom Inc. will post 9.95 EPS for the current 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 dividend of $0.65 per share. 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%.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of Broadcom stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total transaction of $358,310.00. Following the transaction, the director directly owned 32,352 shares of the company’s stock, valued at $11,592,045.12. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the sale, the insider owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 324,282 shares of company stock worth $106,425,249. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the topic of a number of analyst reports. Bank of America decreased their target price on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Morgan Stanley increased their price target on Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. DA Davidson upgraded Broadcom to a “hold” rating in a report on Friday, February 13th. Zacks Research upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, Erste Group Bank downgraded Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $435.30.

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.