Broadcom Inc. $AVGO Shares Sold by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 25.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,892 shares of the semiconductor manufacturer’s stock after selling 2,346 shares during the quarter. Summit Place Financial Advisors LLC’s holdings in Broadcom were worth $2,274,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVGO. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Broadcom by 9.5% during the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 3,572 shares of the semiconductor manufacturer’s stock valued at $1,178,000 after acquiring an additional 310 shares in the last quarter. tru Independence LLC lifted its stake in shares of Broadcom by 14.1% during the third quarter. tru Independence LLC now owns 1,136 shares of the semiconductor manufacturer’s stock worth $375,000 after purchasing an additional 140 shares in the last quarter. Vision Capital Management Inc. purchased a new stake in shares of Broadcom in the third quarter worth about $1,495,000. Kingswood Wealth Advisors LLC grew its stake in shares of Broadcom by 1.5% in the third quarter. Kingswood Wealth Advisors LLC now owns 57,236 shares of the semiconductor manufacturer’s stock valued at $18,883,000 after buying an additional 831 shares in the last quarter. Finally, Foster & Motley Inc. grew its stake in shares of Broadcom by 2.3% in the third quarter. Foster & Motley Inc. now owns 19,720 shares of the semiconductor manufacturer’s stock valued at $6,506,000 after buying an additional 452 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Bernstein reiterated an Outperform on AVGO and says competition fears around Broadcom in AI are overblown, citing leadership in AI ASICs and execution — a bullish analyst view that supports upside. Bernstein Says AI Competition Fears Around Broadcom (AVGO) Are Overblown
• Positive Sentiment: Major banks (Mizuho, Goldman, BofA) named Broadcom a top chip pick for 2026 and raised price targets (range roughly $450–$500), highlighting very strong gross margins and the potential for a >$2T market cap — heavy institutional endorsement that attracts buying. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks
• Positive Sentiment: Analysts flag an AI-driven supply/demand imbalance and custom silicon upside as hyperscaler capex and memory tightness accelerate — a setup that benefits Broadcom’s ASIC/custom-chip franchises and pricing power. Broadcom, Marvell In Focus As Semiconductor Analyst Flags AI-Driven Supply Crunch
• Positive Sentiment: Product news from CES — new Wi‑Fi 8 chipsets and an accelerated processing unit — refreshes the networking/wireless roadmap and supports non-GPU revenue diversification. Broadcom Inc. (AVGO) Launches new Wi-Fi Products at CES 2026
• Neutral Sentiment: Coverage pieces and buy-the-dip commentary (Seeking Alpha, 24/7 Wall St., The Motley Fool-style lists) reiterate bullish narratives for growth/AI exposure but are opinion-driven — supportive but not new fundamental data. Broadcom: Buy The Dip Or Regret It Forever Best Growth Stocks to Buy in 2026
• Neutral Sentiment: Zacks and other market summaries note recent intraday/near-term gains — confirms the price move but adds little incremental fundamental information. Broadcom Inc. (AVGO) Rises Higher Than Market: Key Facts
• Negative Sentiment: Lingering investor concern about a margin warning from the Dec. 11 earnings release remains a potential downside catalyst — analysts and investors will watch upcoming margin commentary and software mix closely. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total value of $10,434,600.00. Following the sale, the chief financial officer directly owned 277,237 shares in the company, valued at approximately $96,428,573.34. This trade represents a 9.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 30,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the transaction, the insider owned 210,573 shares of the company’s stock, valued at $73,094,099.76. This represents a 12.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 779,901 shares of company stock worth $284,069,237. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AVGO. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price target on shares of Broadcom in a report on Monday, January 5th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the company a “buy” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of Broadcom from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Rosenblatt Securities upped their price objective on shares of Broadcom from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, Morgan Stanley lifted their target price on Broadcom from $443.00 to $462.00 and gave the stock an “overweight” rating in a research report 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $438.00.

Broadcom Stock Performance

Shares of Broadcom stock opened at $354.61 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The firm’s 50-day simple moving average is $359.57 and its 200-day simple moving average is $332.57. The firm has a market cap of $1.68 trillion, a PE ratio of 74.50, a price-to-earnings-growth ratio of 1.19 and a beta of 1.21.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating 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 firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. Equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The business also recently announced 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 0.7%. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, December 22nd. Broadcom’s dividend 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.