Weaver Capital Management LLC Trims Stake in Broadcom Inc. $AVGO

Weaver Capital Management LLC lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,781 shares of the semiconductor manufacturer’s stock after selling 1,450 shares during the period. Broadcom accounts for approximately 2.9% of Weaver Capital Management LLC’s holdings, making the stock its 7th biggest position. Weaver Capital Management LLC’s holdings in Broadcom were worth $13,454,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AVGO. Assetmark Inc. lifted its holdings in shares of Broadcom by 2.4% in the second quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock valued at $469,566,000 after buying an additional 39,466 shares during the period. Capital Counsel LLC NY purchased a new position in shares of Broadcom in the second quarter worth approximately $221,000. Waterloo Capital L.P. raised its stake in Broadcom by 7.0% during the 2nd quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer’s stock valued at $13,331,000 after purchasing an additional 3,180 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after buying an additional 13,978 shares during the period. Finally, RiverFront Investment Group LLC raised its position in Broadcom by 107.6% during the second quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer’s stock valued at $4,555,000 after buying an additional 8,566 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVGO has been the topic of several research analyst reports. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Bank of America upped their price objective on shares of Broadcom from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, December 12th. KeyCorp reiterated an “overweight” rating and issued a $500.00 target price (up previously from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Argus boosted their price target on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Finally, TD Cowen upped their price target on shares of Broadcom from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Broadcom presently has an average rating of “Buy” and an average price target of $436.33.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 38,281 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $327.65, for a total value of $12,542,769.65. Following the completion of the sale, the insider directly owned 266,494 shares in the company, valued at approximately $87,316,759.10. The trade was a 12.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Hock E. Tan sold 130,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total value of $42,382,600.00. Following the sale, the chief executive officer directly owned 595,638 shares of the company’s stock, valued at $194,189,900.76. The trade was a 17.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 650,701 shares of company stock worth $239,190,157 in the last three months. 2.00% of the stock is owned by insiders.

Broadcom Stock Up 0.4%

Broadcom stock opened at $347.62 on Friday. 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 1-year low of $138.10 and a 1-year high of $414.61. The firm’s fifty day simple moving average is $362.90 and its 200-day simple moving average is $327.86. The company has a market capitalization of $1.65 trillion, a P/E ratio of 73.03, a P/E/G ratio of 1.18 and a beta of 1.21.

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

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is 54.62%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Several analysts predict substantial upside for AVGO driven by AI demand and chip-market positioning; that bullish narrative is lifting sentiment among institutional investors. Is Broadcom stock a buy for 2026? Analysts predict over 30% upside
• Positive Sentiment: Benchmark and other shops have recently raised AVGO price targets on stronger AI chip growth expectations, supporting near-term upside potential from upgrades. Benchmark boosts Broadcom’s (AVGO) price target amid AI chip growth
• Positive Sentiment: Coverage highlights Broadcom as a key beneficiary of AI networking upgrades — the company is cited with multibillion-dollar AI backlogs (reports vary by category), which underpins revenue visibility for infrastructure customers. The Market May Be Underestimating This AI Trend, and These Stocks Are Set to Benefit
• Positive Sentiment: Zacks/MarketBeat reported sizable upward revisions to Broadcom’s quarterly and multi‑year EPS estimates, which, if realized, imply stronger profit growth than previously modeled. This supports analyst target increases. MarketBeat / Zacks research note on Broadcom estimates
• Neutral Sentiment: Broad market context: early-2026 tech-led rallies are lifting many megacap AI names; Broadcom’s move is happening within that broader sector rotation and is sensitive to macro and Fed-rate headlines. MarketBeat Week in Review – 12/29 – 01/02
• Negative Sentiment: Social chatter highlights mixed signals — QuiverQuant summarizes that while some cite a very large ($73B) AI backlog, others point to disappointing guidance, flat non‑AI revenue, and valuation worries; that debate can amplify short-term volatility. Broadcom Inc. Stock (AVGO) Opinions on AI Backlog and Earnings Guidance
• Negative Sentiment: Media and analyst pushback: a Seeking Alpha piece and some commentators argue Broadcom’s valuation is rich and have downgraded their stance — this can cap upside and increase sensitivity to any earnings/guide misses. Broadcom: ‘Expensive’ Understates It (Rating Downgrade)

About Broadcom

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.