Meritage Portfolio Management Lowers Position in Broadcom Inc. $AVGO

Meritage Portfolio Management lessened its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 19.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,874 shares of the semiconductor manufacturer’s stock after selling 49,518 shares during the quarter. Broadcom comprises 4.4% of Meritage Portfolio Management’s holdings, making the stock its 4th biggest position. Meritage Portfolio Management’s holdings in Broadcom were worth $66,270,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of Broadcom during the 2nd quarter valued at $27,000. Legend Financial Advisors Inc. acquired a new position in Broadcom during the 2nd quarter valued at about $28,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom during the 2nd quarter valued at about $28,000. Manning & Napier Advisors LLC purchased a new stake in Broadcom in the third quarter valued at about $34,000. Finally, LGT Financial Advisors LLC acquired a new stake in Broadcom in the second quarter worth about $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $351.71 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. The stock has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 73.89, a PEG ratio of 1.17 and a beta of 1.21. The firm’s 50 day simple moving average is $358.85 and its 200-day simple moving average is $334.69. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 earnings per share. Analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $0.65 per share. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s payout ratio is 54.62%.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $430.00 price target (up previously from $375.00) on shares of Broadcom in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research report on Friday, December 12th. Raymond James Financial set a $420.00 price target on shares of Broadcom and gave the company an “outperform” rating in a research note on Thursday, November 20th. Rosenblatt Securities lifted their price objective on shares of Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, KeyCorp reissued an “overweight” rating and issued a $500.00 target price (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Broadcom currently has an average rating of “Buy” and an average price target of $438.61.

Insiders Place Their Bets

In other news, CFO Kirsten M. Spears sold 30,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 277,237 shares in the company, valued at $96,428,573.34. The trade was a 9.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Hock E. Tan sold 130,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 779,901 shares of company stock worth $284,069,237 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Citi raised its outlook for Broadcom, citing accelerating AI sales and a $480 price target, reinforcing upside expectations for AVGO. Citi Bullish on Broadcom (AVGO) as Accelerating AI Sales Drive $480 PT
• Positive Sentiment: Wells Fargo upgraded Broadcom to Overweight and flagged stronger 2026 catalysts, adding fresh buy‑side momentum. Wells Fargo Upgrades Broadcom Inc. (AVGO) to Overweight From Equal Weight
• Positive Sentiment: Multiple outlets note broad analyst bullishness on AVGO tied to strong demand for AI chips and the company’s leading market position, supporting consensus upgrades and higher targets. Analysts Bullish on Broadcom (AVGO) Amid Strong AI Chip Outlook
• Positive Sentiment: Sector theme: Zacks and others call Broadcom a “quantum enabler” and position AVGO to benefit from enterprise spending and post‑quantum security demand into 2026. Quantum Enablers Set for 2026 Breakout: AMD, AVGO, TER in Focus
• Positive Sentiment: Analyst pieces and investor commentary (Seeking Alpha, Fool) emphasize Broadcom’s positioning for the next phase of AI infrastructure buildout, reinforcing the long‑term growth narrative. Broadcom Is Built For The Next Phase Of The AI Buildout
• Neutral Sentiment: Street summaries show mixed datapoints: some firms reiterate Buy ratings while one report noted a lower legacy price target from Jefferies, creating both supportive and cautionary signals. What Does the Street Think About Broadcom Inc. (AVGO)?
• Negative Sentiment: Hedge fund veteran Stanley Druckenmiller reportedly sold Broadcom to rotate into another high‑momentum AI name, a headline that can feed short‑term profit‑taking despite the broader buy‑side interest. Stanley Druckenmiller dumps Broadcom for an AI rocket stock up 1,000% since 2025

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.