Broadcom Inc. $AVGO Shares Sold by Glenview Trust Co

Glenview Trust Co trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 497,513 shares of the semiconductor manufacturer’s stock after selling 18,683 shares during the period. Broadcom makes up approximately 2.6% of Glenview Trust Co’s investment portfolio, making the stock its 5th largest position. Glenview Trust Co’s holdings in Broadcom were worth $164,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVGO. Longfellow Investment Management Co. LLC bought a new stake in shares of Broadcom during the 2nd quarter worth $27,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom during the second quarter worth about $28,000. LGT Financial Advisors LLC bought a new position in shares of Broadcom in the second quarter worth about $31,000. New England Capital Financial Advisors LLC acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $31,000. Finally, JCIC Asset Management Inc. bought a new stake in shares of Broadcom during the 3rd quarter valued at approximately $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AVGO shares. Citigroup restated a “buy” rating and issued a $458.00 target price (down previously from $480.00) on shares of Broadcom in a research report on Tuesday. Rosenblatt Securities increased their price target on Broadcom from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Sanford C. Bernstein reissued an “outperform” rating and set a $475.00 price objective (up previously from $400.00) on shares of Broadcom in a report on Friday, December 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $430.00 target price (up previously from $375.00) on shares of Broadcom in a report on Friday, December 12th. Finally, Morgan Stanley lifted their price target on Broadcom from $443.00 to $462.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $433.13.

Insider Activity at Broadcom

In related news, insider Mark David Brazeal sold 30,000 shares of Broadcom stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the completion of the transaction, the insider owned 210,573 shares of the company’s stock, valued at $73,094,099.76. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hock E. Tan sold 70,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total transaction of $24,311,000.00. Following the sale, the chief executive officer directly owned 132,836 shares in the company, valued at $46,133,942.80. This trade represents a 34.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 779,101 shares of company stock valued at $283,804,325 over the last 90 days. 2.00% of the stock is owned by company insiders.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Jim Cramer mentioned Broadcom among notable technology names and coverage interest (DA Davidson initiation) underscores continued investor attention and positive sentiment around Broadcom’s mix of chips and enterprise software. Jim Cramer Linked Broadcom (AVGO) & Computer Storage Stocks
• Positive Sentiment: Coverage notes Broadcom is outpacing broader market gains and benefiting from the AI infrastructure spending cycle, supporting near-term demand expectations. Broadcom Inc. (AVGO) outpaces stock market gains: What you should know
• Neutral Sentiment: Analyses point to a consolidation phase — shares have pulled back from highs but AI demand from large cloud buyers could underpin recovery; outlook is range-bound for now. Where Will Broadcom Stock Be in 1 Year?
• Neutral Sentiment: Several pieces reassess valuation after the pullback — investors are debating whether premium multiples (high P/E) already price in AI growth, leaving valuation as a key gating factor. Is It Too Late To Consider Broadcom (AVGO) After Its Strong Multi‑Year Share Price Run?
• Neutral Sentiment: Reported short-interest data appears anomalous/low in recent filings and is not currently creating meaningful days-to-cover pressure. (internal short-interest entry)
• Negative Sentiment: Barron’s reports Meta’s big commitment to Nvidia reduces an addressable opportunity for Broadcom in certain AI chips, increasing competitive risk from Nvidia. Nvidia Gets Big Commitment From Meta. What It Means for the Broadcom Threat.
• Negative Sentiment: At least one analyst warns Broadcom faces structural risks (“sitting on a sinking iceberg”) tied to margin pressure and execution, which could weigh on multiple expansion. Broadcom is ‘sitting on a sinking iceberg.’ Why 1 analyst is warning on AVGO stock here
• Negative Sentiment: Analysts flag a story shift: while AI hopes support revenue tailwinds, margin concerns and high expectations increase downside risk if growth or pricing softens. Why Analysts See Broadcom (AVGO) Story Shifting On AI Hopes And Margin Concerns

Broadcom Trading Up 0.3%

NASDAQ AVGO opened at $333.51 on Thursday. The firm has a market capitalization of $1.58 trillion, a PE ratio of 70.07, a price-to-earnings-growth ratio of 1.07 and a beta of 1.21. The business’s 50-day moving average price is $339.29 and its two-hundred day moving average price is $341.27. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the previous year, the firm earned $1.42 earnings per share. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. On average, analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s payout ratio is currently 54.62%.

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.