Broadcom Inc. $AVGO Stock Sold by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC cut its holdings in Broadcom Inc. (NASDAQ:AVGO) by 11.5% during the second quarter, Holdings Channel reports. The institutional investor owned 13,708 shares of the semiconductor manufacturer’s stock after selling 1,785 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Broadcom were worth $5,178,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Broadcom by 8.7% in the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock valued at $75,367,711,000 after purchasing an additional 16,651,378 shares in the last quarter. Geode Capital Management LLC increased its holdings in Broadcom by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock valued at $38,396,634,000 after buying an additional 1,548,699 shares in the last quarter. Norges Bank acquired a new stake in shares of Broadcom during the 4th quarter valued at approximately $24,252,196,000. Bank of America Corp DE boosted its stake in shares of Broadcom by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock worth $23,202,543,000 after acquiring an additional 2,685,916 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Broadcom by 3.8% in the 2nd quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock worth $19,484,611,000 after acquiring an additional 1,892,721 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In related news, Director Gayla Delly sold 1,890 shares of Broadcom stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the transaction, the director owned 31,326 shares in the company, valued at approximately $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,890 shares of company stock worth $20,241,368 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts continue to raise their valuation expectations for Broadcom, with one report citing an average price target of $527.20. This implies substantial upside from recent trading levels and supports bullish sentiment. Broadcom Average Target Price Analysts Raise Broadcom Price Targets
• Positive Sentiment: Broadcom’s long record of dividend increases remains attractive to income-oriented investors. The company has raised its dividend for 15 consecutive years, while fiscal 2026 free cash flow through three quarters had already exceeded all of fiscal 2025, potentially supporting another increase in December. Broadcom Dividend Growth
• Positive Sentiment: Commentary describes AVGO as a relatively attractive semiconductor value, while its custom AI-chip business continues to position the company as a key beneficiary of hyperscaler infrastructure spending. Broadcom Semiconductor Bargain
• Neutral Sentiment: Broadcom is attracting heightened attention from investors, but the report offers no new fundamental information or specific catalyst. Broadcom Investor Attention
• Negative Sentiment: Broadcom has significantly lagged Marvell this year despite both benefiting from custom AI-chip demand. That relative underperformance may raise concerns about near-term momentum and investor preference for faster-growing peers. Marvell Versus Broadcom

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citic Securities upgraded Broadcom to a “buy” rating and boosted their target price for the stock from $450.00 to $525.00 in a research report on Tuesday, September 8th. Rothschild & Co Redburn raised their target price on shares of Broadcom from $516.97 to $595.20 and gave the company a “buy” rating in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $515.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. DA Davidson set a $350.00 target price on Broadcom and gave the company a “neutral” rating in a report on Friday, September 4th. Finally, Evercore set a $578.00 price target on Broadcom and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus target price of $527.20.

Broadcom Trading Up 1.8%

AVGO traded up $6.14 during trading on Tuesday, hitting $355.71. The company’s stock had a trading volume of 10,126,808 shares, compared to its average volume of 25,130,479. The stock has a market cap of $1.70 trillion, a PE ratio of 45.41 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The firm’s 50 day moving average price is $375.79 and its 200-day moving average price is $380.50.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company’s quarterly revenue was up 85.5% on a year-over-year basis. During the same period last year, the company earned $1.69 earnings per share. On average, analysts expect that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 33.21%.

About Broadcom

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company’s semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.