Narwhal Capital Management Has $15.16 Million Stake in Broadcom Inc. $AVGO

Narwhal Capital Management lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 20.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,963 shares of the semiconductor manufacturer’s stock after selling 12,035 shares during the period. Broadcom accounts for 1.1% of Narwhal Capital Management’s portfolio, making the stock its 21st largest holding. Narwhal Capital Management’s holdings in Broadcom were worth $15,164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. Sawyer & Company Inc increased its stake in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Broadcom in the 2nd quarter valued at $27,000. Legend Financial Advisors Inc. bought a new stake in Broadcom in the second quarter worth $28,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom during the second quarter worth $28,000. Finally, LGT Financial Advisors LLC bought a new position in Broadcom during the second quarter valued at about $31,000. Institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AVGO shares. Morgan Stanley boosted their price target on Broadcom from $443.00 to $462.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft set a $430.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Friday, December 12th. Barclays reaffirmed an “overweight” rating and set a $500.00 target price (up previously from $450.00) on shares of Broadcom in a research report on Friday, December 12th. Cowen reiterated a “buy” rating on shares of Broadcom in a report on Friday, December 12th. Finally, KeyCorp restated an “overweight” rating and issued a $500.00 price objective (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom presently has an average rating of “Buy” and an average target price of $435.57.

Insider Activity at Broadcom

In other Broadcom news, 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 completion of the transaction, the chief executive officer owned 595,638 shares of the company’s stock, valued at $194,189,900.76. This represents a 17.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark David Brazeal sold 38,281 shares of the firm’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 owned 266,494 shares of the company’s stock, valued at $87,316,759.10. This represents a 12.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 779,901 shares of company stock worth $284,069,237 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Mizuho raised its price target on AVGO to $480 and kept an Outperform rating — a direct, high-profile analyst upgrade that signals institutional confidence and adds upward pressure on the stock. Mizuho Raises Firm’s PT on Broadcom (AVGO) Stock
• Positive Sentiment: Major banks (Goldman, BofA, Mizuho) have named Broadcom a 2026 “top pick,” with price targets as high as $500 — a consensus of blue‑chip institutional conviction that can draw buy-side flows. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks
• Positive Sentiment: Analysts and research pieces highlight Broadcom’s growing role in custom AI ASICs and XPU customers — positioning the company as a key alternative to Nvidia in bespoke AI hardware, which supports longer-term revenue upside. Should You Forget Nvidia and Buy These 2 Artificial Intelligence (AI) Stocks Instead?
• Positive Sentiment: Bernstein reiterated an Outperform and called competition fears “overblown,” citing Broadcom’s leadership in AI ASIC innovation — a reassuring note that can reduce investor fear around market-share erosion. Bernstein Says AI Competition Fears Around Broadcom (AVGO) Are Overblown
• Neutral Sentiment: Analysts flag an AI-driven supply crunch and custom silicon upside — a double-edged trend: it could lift Broadcom’s order book but also create near-term supply-chain volatility and capex-driven market movement. Broadcom, Marvell In Focus As Semicondcutor Analyst Flags AI-Driven Supply Crunch, Custom Silicon Upside
• Neutral Sentiment: Broadcom showcased new Wi‑Fi products at CES 2026 — positive for product-cycle narrative and diversification, but not an immediate earnings catalyst on its own. Broadcom Inc. (AVGO) Launches new Wi-Fi Products at CES 2026
• Negative Sentiment: Investors remain sensitive to Broadcom’s Dec. 11 earnings margin warning — that report triggered a sell-off and is the main source of downside risk until gross-margin trajectory is visibly stable. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $339.89 on Thursday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The company has a market cap of $1.61 trillion, a P/E ratio of 71.41, a P/E/G ratio of 1.20 and a beta of 1.21. The business’s 50 day moving average is $359.19 and its two-hundred day moving average is $332.62. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76.

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

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s payout ratio is presently 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.