WealthPlan Investment Management LLC Raises Holdings in Broadcom Inc. $AVGO

WealthPlan Investment Management LLC grew its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 76.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,463 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,745 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Broadcom were worth $7,775,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake 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 during the period. Vanguard Group Inc. boosted its stake in shares of Broadcom by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock worth $167,064,997,000 after buying an additional 3,919,715 shares during the period. Nordea Investment Management AB boosted its stake in shares of Broadcom by 47.5% during 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 buying an additional 3,160,586 shares during the period. Danske Bank A S acquired a new stake in shares of Broadcom during the third quarter worth about $987,488,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Broadcom during the fourth quarter worth about $924,858,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $414.57 on Friday. 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 $1.96 trillion, a P/E ratio of 80.97, a PEG ratio of 0.86 and a beta of 1.43. Broadcom Inc. has a 52 week low of $226.18 and a 52 week high of $442.36. The company has a 50-day moving average price of $371.85 and a 200 day moving average price of $355.68.

Broadcom (NASDAQ:AVGO) last announced 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 firm 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 firm’s revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 earnings per share. Research analysts predict that Broadcom Inc. will post 9.97 earnings per share for the current year.

Broadcom Dividend Announcement

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

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Applied Materials named Broadcom as an EPIC Innovation Partner, and the companies will collaborate on advanced packaging R&D to speed development of next-generation AI chips and systems — a constructive sign for Broadcom’s AI hardware opportunity. Applied Materials Announces Broadcom as EPIC Innovation Partner
• Positive Sentiment: Analysts reportedly raised Broadcom price targets, reinforcing Wall Street’s bullish view that AI demand could support further upside in the shares. Analysts raise Broadcom stock price target
• Positive Sentiment: Several commentary pieces described Broadcom as a strong growth and long-term compounder, citing solid fundamentals and AI visibility as reasons investors still see the stock as attractive. Is Broadcom Inc. (AVGO) a Solid Growth Stock? 3 Reasons to Think “Yes”
• Neutral Sentiment: Some articles framed the recent move as a valuation and positioning reset rather than a change in fundamentals, suggesting investors are reassessing how much AI optimism is already priced in. Analysts raise Broadcom stock price target
• Negative Sentiment: Broadcom is facing criticism in at least one bearish note that says the stock is “far too overcrowded,” which can weigh on sentiment if investors worry the trade is too crowded. Broadcom Is Far Too Overcrowded
• Negative Sentiment: One report also highlighted that Broadcom traded below its recent record highs despite analyst upgrades, underscoring that valuation concerns and broader tech weakness may be limiting gains. Analysts raise Broadcom stock price target

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 39,116 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the completion of the transaction, the insider directly owned 74,626 shares of the company’s stock, valued at $24,000,467.86. This trade represents a 34.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the firm’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 transaction, the insider directly owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This trade 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 sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price 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 research note on Friday, February 13th. Rosenblatt Securities reiterated a “buy” rating and set a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. Truist Financial increased their target price on shares of Broadcom from $510.00 to $545.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Erste Group Bank downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a research note 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $448.10.

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.