Elk River Wealth Management LLC Sells 19,733 Shares of Broadcom Inc. $AVGO

Elk River Wealth Management LLC decreased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 18.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,165 shares of the semiconductor manufacturer’s stock after selling 19,733 shares during the quarter. Broadcom comprises about 4.6% of Elk River Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Elk River Wealth Management LLC’s holdings in Broadcom were worth $28,427,000 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 grew its stake in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in Broadcom in the 2nd quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new stake in Broadcom in the 2nd quarter worth approximately $28,000. Teachers Insurance & Annuity Association of America purchased a new stake in Broadcom during the 2nd quarter worth approximately $28,000. Finally, LGT Financial Advisors LLC acquired a new position in Broadcom during the 2nd quarter valued at approximately $31,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AVGO shares. Cowen reiterated a “buy” rating on shares of Broadcom in a research note on Friday, December 12th. TD Cowen raised their target price on Broadcom from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. UBS Group set a $475.00 price target on Broadcom and gave the company a “buy” rating in a research note on Monday, December 15th. Royal Bank Of Canada initiated coverage on Broadcom in a research note on Wednesday. They issued a “sector perform” rating and a $370.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on Broadcom from $400.00 to $475.00 and gave the company 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 assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $435.57.

Insider Activity

In other Broadcom news, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction on Thursday, December 18th. The shares were 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 owned 595,638 shares of the company’s stock, valued at approximately $194,189,900.76. The trade was a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kirsten M. Spears sold 30,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was 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 approximately $96,428,573.34. This trade represents a 9.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 779,901 shares of company stock valued at $284,069,237. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Performance

Shares of AVGO stock opened at $339.89 on Thursday. The stock has a market cap of $1.61 trillion, a PE ratio of 71.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.21. The business has a 50-day simple moving average of $359.19 and a 200-day simple moving average of $332.62. 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 Inc. has a 52-week low of $138.10 and a 52-week high of $414.61.

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 for the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.Broadcom’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 earnings per share. On average, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The company 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 is a positive change from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s payout ratio is presently 54.62%.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Mizuho raised its price target on AVGO to $480 and kept an Outperform rating — a direct, high-profile analyst upgrade that signals institutional confidence and adds upward pressure on the stock. Mizuho Raises Firm’s PT on Broadcom (AVGO) Stock
• Positive Sentiment: Major banks (Goldman, BofA, Mizuho) have named Broadcom a 2026 “top pick,” with price targets as high as $500 — a consensus of blue‑chip institutional conviction that can draw buy-side flows. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks
• Positive Sentiment: Analysts and research pieces highlight Broadcom’s growing role in custom AI ASICs and XPU customers — positioning the company as a key alternative to Nvidia in bespoke AI hardware, which supports longer-term revenue upside. Should You Forget Nvidia and Buy These 2 Artificial Intelligence (AI) Stocks Instead?
• Positive Sentiment: Bernstein reiterated an Outperform and called competition fears “overblown,” citing Broadcom’s leadership in AI ASIC innovation — a reassuring note that can reduce investor fear around market-share erosion. Bernstein Says AI Competition Fears Around Broadcom (AVGO) Are Overblown
• Neutral Sentiment: Analysts flag an AI-driven supply crunch and custom silicon upside — a double-edged trend: it could lift Broadcom’s order book but also create near-term supply-chain volatility and capex-driven market movement. Broadcom, Marvell In Focus As Semicondcutor Analyst Flags AI-Driven Supply Crunch, Custom Silicon Upside
• Neutral Sentiment: Broadcom showcased new Wi‑Fi products at CES 2026 — positive for product-cycle narrative and diversification, but not an immediate earnings catalyst on its own. Broadcom Inc. (AVGO) Launches new Wi-Fi Products at CES 2026
• Negative Sentiment: Investors remain sensitive to Broadcom’s Dec. 11 earnings margin warning — that report triggered a sell-off and is the main source of downside risk until gross-margin trajectory is visibly stable. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks

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.