Ridgecrest Wealth Partners LLC Raises Stake in Broadcom Inc. $AVGO

Ridgecrest Wealth Partners LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 504.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,340 shares of the semiconductor manufacturer’s stock after purchasing an additional 18,646 shares during the period. Broadcom accounts for approximately 4.2% of Ridgecrest Wealth Partners LLC’s portfolio, making the stock its 6th largest position. Ridgecrest Wealth Partners LLC’s holdings in Broadcom were worth $7,732,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Baring Financial LLC increased its position in Broadcom by 2.2% in the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock worth $470,000 after buying an additional 29 shares during the period. Five Oceans Advisors increased its position in Broadcom by 0.4% in the 4th quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer’s stock worth $2,835,000 after buying an additional 29 shares during the period. Arthur M. Cohen & Associates LLC increased its position in Broadcom by 0.6% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock worth $1,577,000 after buying an additional 30 shares during the period. Jackson Hole Capital Partners LLC increased its position in Broadcom by 1.4% in the 3rd quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock worth $716,000 after buying an additional 30 shares during the period. Finally, Private Wealth Partners LLC increased its position in Broadcom by 0.7% in the 3rd quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock worth $1,410,000 after buying an additional 30 shares during the period. 76.43% of the stock is owned by institutional investors.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Expanded multi‑year AI deal with Meta (through 2029) commits an initial >1GW of custom MTIA silicon and uses Broadcom’s XPU and Ethernet networking to scale multi‑gigawatt AI clusters — materially raises long‑term AI revenue visibility. Read More.
• Positive Sentiment: Broader hyperscaler footprint — additional deals referenced with Google and Anthropic expand customer exposure beyond a single partner, supporting sustained demand for Broadcom’s custom accelerators and networking. Read More.
• Positive Sentiment: New software for AI deployments — Broadcom announced VMware Tanzu Platform agent foundations to accelerate secure, agentic AI applications on VMware Cloud, extending its addressable market into AI infrastructure software. Read More.
• Neutral Sentiment: Market/analyst momentum is lifting AVGO alongside semiconductor peers; multiple firms have raised price targets which can amplify flows but also raise volatility on profit‑taking. Read More.
• Negative Sentiment: Insider selling persists (recent multi‑million dollar sales by S. Ram Velaga and other insiders), a near‑term sentiment headwind even as strategic deals are executed. Read More.
• Negative Sentiment: Analyst caution / competitive risk — some firms warn about customer concentration and NVIDIA/other competitive pressures; one rating downgrade highlights execution and sourcing risk if hyperscalers change strategies. Read More. Read More.

Insider Transactions at Broadcom

In other Broadcom news, Director Justine Page sold 2,018 shares of the company’s stock in a transaction 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 sale, the director directly owned 18,164 shares in the company, valued at $6,411,892. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Charlie B. Kawwas sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total value of $3,452,300.00. Following the completion of the sale, the insider owned 787,184 shares in the company, valued at $271,759,532.32. This trade represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of research reports. Rosenblatt Securities restated a “buy” rating and set a $500.00 price objective on shares of Broadcom in a research report on Tuesday, April 7th. JPMorgan Chase & Co. boosted their price objective on Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Broadcom in a research report on Friday, April 10th. Mizuho set a $480.00 price objective on Broadcom and gave the company an “outperform” rating in a research report on Friday, January 9th. Finally, Morgan Stanley boosted their price objective on Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and an average target price of $435.30.

Broadcom Stock Performance

Shares of NASDAQ:AVGO opened at $396.72 on Thursday. The business’s fifty day moving average price is $330.13 and its two-hundred day moving average price is $344.15. Broadcom Inc. has a fifty-two week low of $161.61 and a fifty-two week high of $414.61. The stock has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 77.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73.

Broadcom (NASDAQ:AVGO) last announced its quarterly 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 period in the prior year, the business posted $1.60 earnings per share. The business’s revenue was up 29.5% compared to the same quarter last year. As a group, analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, March 23rd. Broadcom’s dividend payout ratio is 50.78%.

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.