Intellus Advisors LLC Sells 3,639 Shares of Broadcom Inc. $AVGO

Intellus Advisors LLC lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 52,341 shares of the semiconductor manufacturer’s stock after selling 3,639 shares during the period. Broadcom comprises 2.4% of Intellus Advisors LLC’s holdings, making the stock its 19th largest holding. Intellus Advisors LLC’s holdings in Broadcom were worth $17,268,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JCIC Asset Management Inc. acquired a new position in Broadcom during the 3rd quarter worth about $31,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom in the 2nd quarter worth approximately $27,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Broadcom in the 2nd quarter valued at $28,000. Manning & Napier Advisors LLC acquired a new stake in shares of Broadcom during the third quarter worth $34,000. Finally, New England Capital Financial Advisors LLC acquired a new stake in shares of Broadcom during the second quarter worth $31,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO stock opened at $331.03 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.58 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $333.75 and a two-hundred day simple moving average of $342.79. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The firm has a market capitalization of $1.57 trillion, a PE ratio of 64.65, a price-to-earnings-growth ratio of 1.06 and a beta of 1.22.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data 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. The firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period last year, the firm earned $1.60 earnings per share. Analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AVGO shares. KeyCorp restated an “overweight” rating and issued a $500.00 target price (up from $460.00) on shares of Broadcom in a report on Friday, December 12th. Raymond James Financial set a $420.00 target price on Broadcom and gave the stock an “outperform” rating in a research note on Thursday, November 20th. UBS Group set a $475.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research note on Monday, December 15th. Wells Fargo & Company upgraded shares of Broadcom from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Finally, Benchmark restated a “buy” rating and issued a $485.00 target price on shares of Broadcom in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $435.30.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 beat and blowout AI momentum — Broadcom reported $19.31B revenue and $2.05 adj. EPS, with AI semiconductor sales up ~106% to about $8.4B; management guided fiscal Q2 revenue well above consensus (~$22B) and provided aggressive AI revenue visibility. Broadcom Q1 earnings beat
• Positive Sentiment: Big-picture AI guidance — CEO Hock Tan said AI chip sales could be “significantly” above $100B in 2027, reinforcing the thesis that Broadcom is a major non‑GPU AI supplier and supporting upside expectations. Reuters: $100B AI sales guidance
• Positive Sentiment: Shareholder returns — Management unveiled a $10B buyback, which supports EPS and signals confidence in the business at current levels. Seeking Alpha: $10B buyback
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised price targets and reiterated buy/overweight calls (JPMorgan, Morgan Stanley, Truist, Citi, Rosenblatt), lifting sentiment and signaling institutional confidence. Benzinga: analyst revisions
• Neutral Sentiment: Positive media and analyst write-ups — Numerous bullish pieces (Seeking Alpha, MarketBeat, CNBC, Barron’s) highlight the AI thesis and long-term upside; these help narrative but are opinion-driven. MarketBeat: analysis
• Neutral Sentiment: Short‑interest data in feeds appears anomalous (reported as 0 shares / NaN change) and is not informative for current positioning.
• Negative Sentiment: Software segment soft spot — Infrastructure software (VMware exposure) showed only ~1% revenue growth; the software business is cited as a drag on overall results and valuation. WSJ: software drag
• Negative Sentiment: Regulatory/export risk — Coverage noted potential for tougher U.S. export controls on AI chips, a macro/regulatory headwind that could limit international sales upside. Investopedia: export rules
• Negative Sentiment: Analyst downgrade/valuation concerns — Zacks trimmed its rating to “hold” and some commentary flags that Broadcom’s premium multiple could cap near-term gains despite the earnings beat. Zacks: rating change

Insider Buying and Selling

In related news, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total transaction of $42,382,600.00. Following the transaction, the chief executive officer owned 595,638 shares of the company’s stock, valued at $194,189,900.76. The trade was a 17.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kirsten M. Spears sold 30,000 shares of Broadcom stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total value of $10,434,600.00. Following the transaction, the chief financial officer directly owned 277,237 shares in the company, valued at approximately $96,428,573.34. The trade was a 9.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 779,101 shares of company stock worth $283,804,325 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Broadcom 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.