Captrust Financial Advisors Has $409.25 Million Position in Broadcom Inc. $AVGO

Captrust Financial Advisors boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 9.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,240,479 shares of the semiconductor manufacturer’s stock after acquiring an additional 107,033 shares during the period. Broadcom accounts for 0.8% of Captrust Financial Advisors’ holdings, making the stock its 25th biggest position. Captrust Financial Advisors’ holdings in Broadcom were worth $409,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth about $27,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom in the 2nd quarter valued at about $28,000. New England Capital Financial Advisors LLC bought a new position in Broadcom in the 2nd quarter valued at about $31,000. JCIC Asset Management Inc. bought a new position in Broadcom in the 3rd quarter valued at about $31,000. Finally, Manning & Napier Advisors LLC bought a new position in Broadcom in the 3rd quarter valued at about $34,000. 76.43% of the stock is owned by institutional investors.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Meta publicly confirms the MTIA partnership with Broadcom, validating Broadcom’s role as a supplier for Meta’s custom inference chips and supporting recurring design wins and long‑term inference demand. This reinforces Broadcom’s AI revenue narrative. META MTIA blog
• Positive Sentiment: Product roadmap and standards progress: Broadcom unveiled new 400G optical DSP, 102.4T switches and 3.5D XPU at OFC and is active in forming the 400G Optical MSA and the Optical Compute Interconnect consortium — moves that cement its position in AI datacenter networking and could support higher ASPs and share gains. Zacks: AVGO boosts AI growth Yahoo: Broadcom AI alliances
• Positive Sentiment: Analyst momentum and targets: multiple price‑target hikes and buy reiterations (including Rosenblatt raising its target and retaining Buy) are boosting the bullish case on AVGO’s AI growth potential. Analyst optimism can support near‑term demand from institutional buyers. InsiderMonkey: Rosenblatt lifts PT Blockonomi: five PT hikes
• Positive Sentiment: Buyback and capital return commentary: coverage notes Broadcom is stepping up buybacks — a supportive corporate action for EPS and shareholder returns that can underpin valuation during choppy trading. MarketBeat: buyback report
• Neutral Sentiment: Congressional purchases: multiple members disclosed buys of AVGO over the past 90 days — a signal that can attract attention but is lagged (45‑day disclosures) and not a definitive trading signal.
• Neutral Sentiment: Sector ripple effects: Broadcom’s earnings commentary helped lift specialty networking names (Credo, Astera), underscoring demand for datacenter connectivity, though these moves reflect ecosystem dynamics rather than direct AVGO revenue this quarter. MarketBeat: Credo/Astera
• Neutral Sentiment: Short interest data reported for March is inconsistent/garbled in the release and does not provide a clear signal on bearish positioning today.
• Negative Sentiment: Meta’s announcement omitted a GenAI training (Olympus) chip — reinforcing reports that Meta has slowed its training‑chip roadmap. That could delay a potential training‑chip revenue stream for Broadcom and push monetization further out. META MTIA blog
• Negative Sentiment: Contrarian views and downgrades: some commentary (e.g., a Seeking Alpha rethink/downgrade piece) highlights valuation, execution risk and investor sentiment as reasons to be cautious — such coverage can pressure the stock amid choppy trading. Seeking Alpha: rethink/downgrade

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their price objective on Broadcom from $458.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Rosenblatt Securities increased their target price on Broadcom from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 price target on shares of Broadcom in a report on Monday, January 5th. Morgan Stanley boosted their price target on Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Finally, Truist Financial upped their price objective on Broadcom from $510.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $435.30.

Broadcom Stock Down 1.1%

Shares of AVGO opened at $321.31 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The firm’s 50 day moving average is $331.91 and its 200-day moving average is $345.27. The stock has a market capitalization of $1.52 trillion, a PE ratio of 62.76, a P/E/G ratio of 0.70 and a beta of 1.22.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 earnings per share. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 30,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total value of $10,434,600.00. Following the completion of the transaction, the chief financial officer owned 277,237 shares of the company’s stock, valued at $96,428,573.34. The trade was a 9.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Harry L. You acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of $325.13 per share, with a total value of $325,130.00. Following the transaction, the director directly owned 36,602 shares of the company’s stock, valued at $11,900,408.26. This trade represents a 2.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 385,921 shares of company stock valued at $131,232,806. 1.90% of the stock is owned by insiders.

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.