Truist Financial Corp Sells 68,264 Shares of Broadcom Inc. $AVGO

Truist Financial Corp reduced its holdings in Broadcom Inc. (NASDAQ:AVGO) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,896,007 shares of the semiconductor manufacturer’s stock after selling 68,264 shares during the quarter. Broadcom comprises 1.3% of Truist Financial Corp’s portfolio, making the stock its 12th biggest holding. Truist Financial Corp owned approximately 0.06% of Broadcom worth $955,422,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Adamsbrown Wealth Consultants LLC bought a new position in shares of Broadcom in the third quarter valued at about $260,000. EPG Wealth Management LLC increased its position in Broadcom by 1.0% in the 3rd quarter. EPG Wealth Management LLC now owns 12,706 shares of the semiconductor manufacturer’s stock valued at $4,192,000 after acquiring an additional 128 shares in the last quarter. Avant Financial Advisors LLC acquired a new stake in Broadcom in the 3rd quarter valued at about $221,000. Master S Wealth Management Inc. raised its stake in shares of Broadcom by 2.3% in the third quarter. Master S Wealth Management Inc. now owns 1,374 shares of the semiconductor manufacturer’s stock worth $453,000 after acquiring an additional 31 shares during the last quarter. Finally, Bluesphere Advisors LLC lifted its position in shares of Broadcom by 9.8% during the third quarter. Bluesphere Advisors LLC now owns 1,755 shares of the semiconductor manufacturer’s stock worth $579,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Multiple reports highlight Broadcom as a major beneficiary of the custom AI chip boom — Broadcom is positioned to capture design and ASIC value alongside hyperscalers and TSMC, supporting long‑term revenue and margin upside. Broadcom and TSMC to emerge as ‘big winners’ in the custom AI chip boom
• Positive Sentiment: Analyst upgrades and research notes cite market‑share gains in AI server ASIC design and reiterated Buy ratings, which can support renewed investor confidence and buying interest. Broadcom Inc. (AVGO) Strengthens AI and Semiconductor Leadership with Analyst Upgrades and Market Share Gains
• Positive Sentiment: Wall Street research notes project significant upside for AVGO and emphasize Broadcom’s profitability profile and strategic positioning in AI infrastructure — a bullish medium/long‑term catalyst. Wall Street Projects 38% Upside To Broadcom Inc. (AVGO)
• Positive Sentiment: Income support: Broadcom is scheduled to pay one of the first dividends of 2026 in March, which can attract yield‑seeking investors and reduce short‑term volatility. This Nvidia rival to pay 2026’s first dividend in March; Here’s how much 100 shares will earn
• Neutral Sentiment: Upcoming earnings date: Broadcom will report Q1 FY2026 results on March 4 after the close — this is a near‑term catalyst that could amplify moves either way depending on guide/results. Broadcom Inc. to Announce First Quarter Fiscal Year 2026 Financial Results on Wednesday, March 4, 2026
• Neutral Sentiment: Reported short‑interest data for the period is inconsistent/garbled (zeros and NaN reported), so there’s no clear signal from short positioning; monitor clearer updates for any short squeeze risk or added selling pressure.
• Negative Sentiment: Recent pullback and news analysis: several pieces frame AVGO as having pulled back from highs (~20% from peak) and ask whether the slide is a buying opportunity — the recent weakness is likely pressuring near‑term sentiment even as fundamentals remain constructive. As Broadcom Shares Slide, Is AVGO Stock a Buy on the Dip?

Insider Activity at Broadcom

In other news, CFO Kirsten M. Spears sold 30,000 shares of the stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henry Samueli sold 320,316 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $400.53, for a total transaction of $128,296,167.48. Following the completion of the sale, the director directly owned 37,326,540 shares in the company, valued at $14,950,399,066.20. This represents a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 779,901 shares of company stock worth $284,069,237 over the last ninety days. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Down 0.1%

Shares of NASDAQ:AVGO opened at $331.04 on Tuesday. The company has a 50 day moving average price of $354.83 and a two-hundred day moving average price of $338.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. The company has a market capitalization of $1.57 trillion, a PE ratio of 69.55, a PEG ratio of 1.10 and a beta of 1.21. Broadcom Inc. has a 52 week low of $138.10 and a 52 week 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 for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. Analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AVGO. Evercore ISI upped their price target on Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Rosenblatt Securities upped their target price 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. Raymond James Financial set a $420.00 target price on shares of Broadcom and gave the company an “outperform” rating in a research note on Thursday, November 20th. Royal Bank Of Canada initiated coverage on shares of Broadcom in a research note on Wednesday, January 14th. They set a “sector perform” rating and a $370.00 price target for the company. Finally, Wolfe Research upgraded shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a report on Friday. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $437.28.

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.