Broadcom Inc. $AVGO Stake Lessened by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 28.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,275 shares of the semiconductor manufacturer’s stock after selling 6,848 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Broadcom were worth $5,699,000 at the end of the most recent quarter.

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

Insider Activity

In related news, Director Harry L. You acquired 1,000 shares of Broadcom stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average price of $325.13 per share, with a total value of $325,130.00. Following the completion of the acquisition, the director directly owned 36,602 shares of the company’s stock, valued at $11,900,408.26. This trade represents a 2.81% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 30,000 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the completion of the transaction, the chief financial officer owned 277,237 shares of the company’s stock, valued at $96,428,573.34. This represents a 9.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 779,901 shares of company stock worth $284,069,237 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research analyst reports. Royal Bank Of Canada began coverage on Broadcom in a research note on Wednesday. They set a “sector perform” rating and a $370.00 price objective on the stock. Citigroup restated a “buy” rating on shares of Broadcom in a research report on Thursday. KeyCorp reaffirmed an “overweight” rating and issued a $500.00 price target (up from $460.00) on shares of Broadcom in a report on Friday, December 12th. JPMorgan Chase & Co. increased their price objective 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. Finally, Raymond James Financial set a $420.00 target price on Broadcom and gave the company an “outperform” rating in a research note on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has an average rating of “Buy” and an average target price of $438.61.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Chip‑sector tailwind — TSMC’s strong quarterly results lifted confidence across semiconductor suppliers and equipment makers, boosting demand expectations that benefit Broadcom as an AI and infrastructure supplier. Chip stocks pop after TSMC’s earnings beat boosts confidence in industrywide demand
• Positive Sentiment: Institutional buying — Cathie Wood’s Ark funds added to Broadcom, signaling conviction from large active investors that Broadcom is a compelling AI play. That buying can support the stock near short‑term dips. Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
• Positive Sentiment: Analyst bullishness — Multiple broker notes lifted targets and labeled AVGO a top pick (KeyCorp’s overweight/$500 view and Mizuho’s higher PT). Positive research increases buy‑side interest and provides price support. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks Mizuho Raises Firm’s PT on Broadcom (AVGO) Stock
• Positive Sentiment: Competitive fears eased — Bernstein and other analysts downplayed AI‑competition risks, supporting investor confidence in Broadcom’s growth position in AI infrastructure. Bernstein Dismisses AI Competition Fears Surrounding Broadcom (AVGO)
• Neutral Sentiment: Debt offering announced — Broadcom filed for a $4.5B senior notes offering; impact depends on use of proceeds (refinancing, buybacks, M&A). Markets typically view Broadcom’s debt moves through the lens of capital return strategy and leverage. Broadcom Announces $4.5 Billion Senior Notes Offering
• Neutral Sentiment: New coverage and products — RBC initiated coverage at sector‑perform (mixed signal) and Broadcom showcased new Wi‑Fi products at CES — incremental positives but not game‑changing alone. RBC Capital initiates coverage of Broadcom (AVGO) with sector perform recommendation Broadcom Inc. (AVGO) Launches new Wi-Fi Products at CES 2026
• Negative Sentiment: Insider selling — Reports show insiders sold roughly US$490M collectively (including a $24M sale by the CEO). Large insider sales can spook investors even when company fundamentals are solid. Broadcom Insiders Sold US$490m Of Shares Suggesting Hesitancy Broadcom CEO Hock Tan just sold $24 million worth of AVGO stock. Should you dump shares too?
• Negative Sentiment: Regulatory/headwind in China — Reports that China banned Broadcom’s cybersecurity solutions create potential revenue headwinds in that market and add geopolitical risk to the story. China Just Banned Broadcom’s Cybersecurity Solutions. What Does That Mean for AVGO Stock?

Broadcom Trading Up 0.9%

Shares of NASDAQ:AVGO opened at $343.02 on Friday. The company has a market cap of $1.63 trillion, a PE ratio of 72.06, a P/E/G ratio of 1.14 and a beta of 1.21. The company’s 50-day moving average price is $358.94 and its 200 day moving average price is $332.69. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. 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 posted its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, topping the consensus estimate of $1.87 by $0.08. The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. Broadcom’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a $0.65 dividend. The ex-dividend date was Monday, December 22nd. This represents a $2.60 annualized dividend and a yield of 0.8%. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s payout ratio is 54.62%.

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.