Broadcom Inc. $AVGO Shares Sold by Spinnaker Trust

Spinnaker Trust reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,876 shares of the semiconductor manufacturer’s stock after selling 3,765 shares during the period. Broadcom makes up about 1.0% of Spinnaker Trust’s holdings, making the stock its 22nd largest position. Spinnaker Trust’s holdings in Broadcom were worth $17,774,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in AVGO. Vanguard Group Inc. grew its position 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 buying an additional 6,222,802 shares during the period. State Street Corp lifted its position 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 valued at $51,071,601,000 after acquiring an additional 873,963 shares during the period. Geode Capital Management LLC boosted 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 acquiring an additional 2,226,585 shares in the last quarter. Norges Bank acquired a new stake in shares of Broadcom in the 2nd quarter worth approximately $18,579,549,000. Finally, Invesco Ltd. grew its holdings in shares of Broadcom by 8.4% in the 2nd 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 during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 130,000 shares of Broadcom 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 sale, the chief executive officer owned 595,638 shares of the company’s stock, valued at $194,189,900.76. The trade was a 17.92% 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, insider Mark David Brazeal sold 38,281 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total value of $12,542,769.65. Following the completion of the transaction, the insider owned 266,494 shares of the company’s stock, valued at $87,316,759.10. The trade was a 12.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 779,901 shares of company stock valued at $284,069,237. Insiders own 2.00% of the company’s stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Strong AI spending from big tech supports Broadcom’s revenue outlook and demand for data‑center and networking chips, a bullish catalyst for AVGO. Broadcom Gains As Big Tech Boosts AI Spending For 2026
• Positive Sentiment: Planned tariff exemptions for certain advanced semiconductors could reduce costs / supply friction for leading chip suppliers, potentially benefiting Broadcom’s end markets and margins. 6 Chip Stocks Set to Benefit Most From Big Tech Tariff Exemption
• Positive Sentiment: Analysts and industry pieces highlight Broadcom as a semiconductor beneficiary of ongoing AI and cloud infrastructure investment, reinforcing a favorable secular growth narrative. 3 Stocks to Buy From the Prospering Semiconductor Industry
• Neutral Sentiment: Broadcom has been a frequently searched/trending stock in financial media; increased attention can boost volatility but doesn’t itself change fundamentals. Broadcom Inc. (AVGO) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Market commentary calls tech stocks “noisy” and momentum‑driven today — this can produce short‑term swings in AVGO unrelated to long‑term fundamentals. ORCL, AVGO and MU Forecast – Technology Stocks Noisy and Looking for Momentum
• Neutral Sentiment: Comparisons and buy/hold debates (e.g., Broadcom vs. Meta) are driving analyst attention but offer mixed conclusions for investors depending on risk/time horizon. Broadcom or Meta Platforms? Which Is the Better Buy
• Negative Sentiment: A Forbes piece contrasts Micron’s faster growth trajectory with Broadcom’s, highlighting competitive growth concerns that can weigh on valuations if investors rotate to higher‑growth names. How Micron’s Growth Engine Beats Out Broadcom
• Negative Sentiment: Reported short‑interest data today appears to contain errors (zeros/NaN) and should not be taken as genuine positioning evidence; nevertheless, lighter intraday volume and recent strong gains make AVGO susceptible to short‑term profit‑taking. (Background trading/volume data provided by market feeds.)

Broadcom Trading Down 1.0%

Shares of AVGO stock opened at $340.44 on Wednesday. The company has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 71.52, a PEG ratio of 1.11 and a beta of 1.21. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $346.93 and a 200 day moving average price of $340.06. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results 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. The company had revenue of $18.02 billion for 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%. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period last year, the company earned $1.42 EPS. Research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

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

Analysts Set New Price Targets

AVGO has been the subject of several research reports. Citigroup reaffirmed a “buy” rating on shares of Broadcom in a report on Thursday, January 15th. Mizuho set a $480.00 price target on Broadcom and gave the stock an “outperform” rating in a research note on Friday, January 9th. Bank of America boosted their price objective on shares of Broadcom from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Piper Sandler restated an “overweight” rating and set a $430.00 target price (up from $375.00) on shares of Broadcom in a report on Friday, December 12th. Finally, Truist Financial lifted their target price on shares of Broadcom from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $437.28.

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.