Virtus Wealth Solutions LLC Cuts Stock Holdings in Broadcom Inc. $AVGO

Virtus Wealth Solutions LLC lessened its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,624 shares of the semiconductor manufacturer’s stock after selling 4,764 shares during the period. Broadcom comprises 5.3% of Virtus Wealth Solutions LLC’s holdings, making the stock its 5th largest position. Virtus Wealth Solutions LLC’s holdings in Broadcom were worth $27,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Broadcom by 1.3% during the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after acquiring an additional 6,222,802 shares in the last quarter. State Street Corp raised its stake in shares of Broadcom by 0.5% during the 2nd quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock worth $51,071,601,000 after purchasing an additional 873,963 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Broadcom by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock worth $29,827,649,000 after purchasing an additional 2,226,585 shares in the last quarter. Norges Bank acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $18,579,549,000. Finally, Invesco Ltd. raised its position in Broadcom by 8.4% during the second quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock worth $10,598,641,000 after acquiring an additional 2,978,768 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Mark David Brazeal sold 38,281 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total transaction of $12,542,769.65. Following the transaction, the insider owned 266,494 shares in the company, valued at $87,316,759.10. This represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hock E. Tan sold 130,000 shares of the firm’s stock in a transaction 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 directly owned 595,638 shares in the company, valued at approximately $194,189,900.76. This represents a 17.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 779,101 shares of company stock worth $283,804,325 in the last 90 days. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on AVGO shares. Oppenheimer raised their price objective on Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft set a $430.00 price objective on shares of Broadcom and gave the company a “buy” rating in a report on Friday, December 12th. Bank of America increased their price target on shares of Broadcom from $460.00 to $500.00 and gave the company a “buy” rating in a report on Friday, December 12th. Morgan Stanley upped their target price on Broadcom from $443.00 to $462.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Broadcom has a consensus rating of “Buy” and a consensus price target of $433.13.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom says it expects to sell at least 1 million 3D‑stacked AI chips by 2027 — management highlights stacked-design scale as a meaningful growth lever for its AI accelerator business, signaling material unit volume and revenue upside if adoption by datacenter customers ramps. Exclusive: Broadcom expects to sell 1 million 3D stacked chips by 2027
• Positive Sentiment: Product rollout: Broadcom has launched/started shipping advanced 3.5D face‑to‑face compute SoCs and the BroadPeak family (5G/AI-focused), which strengthens its competitive position in high‑performance AI silicon and telecom infrastructure markets. These product wins support upside to AI-related revenue forecasts. Broadcom Ships 3.5D Face-to-Face Compute SoC Powering AI Revolution
• Positive Sentiment: Analyst backing: TD Cowen adjusted Broadcom’s valuation while noting long‑term AI tailwinds — a signal that some sell‑side coverage is supportive of a higher long‑term multiple as AI revenue scales. TD Cowen Adjusts Broadcom (AVGO) Valuation, Highlights Long-Term AI Tailwinds
• Neutral Sentiment: Near‑term catalyst: Broadcom reports fiscal Q1 results on March 4 — expectations are elevated (Wall Street models EPS growth), so the print and guidance will likely drive the next directional move. Positioning ahead of the report explains some pre‑earnings volatility. Broadcom Inc. (AVGO) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Sector rotation after Nvidia: Nvidia’s blockbuster quarter drew capital into NVDA and related names, prompting profit‑taking in other AI/semiconductor stocks including Broadcom — a main reason for today’s weakness. Broadcom Falls After Nvidia Earnings, but Here’s Why Investors Should Still Buy
• Negative Sentiment: Rotation / sell‑off risk flagged by analysts: Commentaries warn a tech rotation or “irrational” sector selloff ahead of Broadcom’s quarter could pressure the stock even if fundamentals remain intact. Broadcom Q1 Preview: Tech Rotation Could Trigger Another Irrational Selloff
• Negative Sentiment: Minor fund selling: MIG Capital trimmed its Broadcom stake — a small institutional trim that can contribute to intraday pressure in a highly traded name. MIG Capital Trims Broadcom Inc. Stake by 18,461 Shares
• Negative Sentiment: Risk reminders: Coverage highlighting execution, valuation and competitive risks for AVGO (e.g., dependency on AI cycle timing and large customer dynamics) may be tempering investor enthusiasm despite product progress. What Are The Risks Threatening AVGO Stock’s Run?

Broadcom Price Performance

Broadcom stock opened at $321.70 on Friday. The firm has a market cap of $1.53 trillion, a P/E ratio of 67.58, a P/E/G ratio of 1.06 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. The stock’s 50 day moving average is $336.76 and its 200 day moving average is $342.20. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results 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. The firm had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The company’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.42 EPS. As a group, research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The firm also recently declared 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 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 dividend payout ratio (DPR) is 54.62%.

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.