Broadcom Inc. $AVGO Stock Position Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,794,070 shares of the semiconductor manufacturer’s stock after selling 24,682 shares during the period. Broadcom makes up about 1.0% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 10th largest holding. PNC Financial Services Group Inc. owned 0.10% of Broadcom worth $1,581,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Riverstone Advisors LLC grew its stake in shares of Broadcom by 0.8% in the third quarter. Riverstone Advisors LLC now owns 19,234 shares of the semiconductor manufacturer’s stock worth $6,345,000 after acquiring an additional 160 shares during the last quarter. Uniting Wealth Partners LLC raised its position in shares of Broadcom by 256.1% in the 3rd quarter. Uniting Wealth Partners LLC now owns 5,413 shares of the semiconductor manufacturer’s stock worth $1,786,000 after purchasing an additional 3,893 shares during the last quarter. NorthStar Asset Management LLC NJ boosted its stake in Broadcom by 2.8% in the 3rd quarter. NorthStar Asset Management LLC NJ now owns 2,997 shares of the semiconductor manufacturer’s stock worth $989,000 after purchasing an additional 81 shares in the last quarter. Weil Company Inc. boosted its stake in Broadcom by 1.2% in the 3rd quarter. Weil Company Inc. now owns 2,955 shares of the semiconductor manufacturer’s stock worth $975,000 after purchasing an additional 35 shares in the last quarter. Finally, Berkshire Asset Management LLC PA grew its position in Broadcom by 2.5% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 20,347 shares of the semiconductor manufacturer’s stock valued at $6,713,000 after purchasing an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. 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 report on Friday, December 19th. Benchmark raised their price target on shares of Broadcom from $385.00 to $485.00 and gave the company a “buy” rating in a research report on Friday, December 12th. TD Cowen restated a “buy” rating on shares of Broadcom in a report on Friday, December 12th. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $433.13.

Broadcom Price Performance

Shares of AVGO opened at $332.54 on Wednesday. The firm has a fifty day simple moving average of $340.88 and a two-hundred day simple moving average of $341.32. The firm has a market cap of $1.58 trillion, a PE ratio of 69.86, a P/E/G ratio of 1.05 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. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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 company had revenue of $18.02 billion during 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 was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

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

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street note sees upside — some brokers argue the recent selloff creates a buying opportunity and project roughly ~29% upside as AI/data‑center tailwinds reassert. Read More.
• Positive Sentiment: Product catalyst: Broadcom launched Wi‑Fi 8 positioned for “AI‑ready” enterprise upgrades — a favorable development for recurring enterprise networking revenue exposure. Read More.
• Positive Sentiment: Analyst consensus is bullish — surveys show a “Buy” consensus on AVGO, supporting investor confidence. Read More.
• Neutral Sentiment: Market breadth lift — Broadcom is benefiting from a broader Nasdaq advance and rotation into AI/large‑cap tech names today, which can amplify price moves independent of company‑specific news. Read More.
• Neutral Sentiment: Valuation review pieces note that recent pullback and AI momentum make AVGO worth reassessing — these analyses outline upside if growth sustains but stop short of new convictions. Read More.
• Neutral Sentiment: Dividend/ETF coverage mentions Broadcom as a tech income play in some dividend ETF discussions — supportive for longer‑term holders but not an immediate price driver. Read More.
• Neutral Sentiment: Short‑interest reports in the feed show anomalous zero/NaN values for February — data looks unreliable and shouldn’t be interpreted as a material shift in positioning. (Data entries 2/16–2/17)
• Negative Sentiment: Valuation concerns remain — some coverage explicitly acknowledges Broadcom’s AI relevance but warns the stock trades at a premium that could limit near‑term upside. Read More.
• Negative Sentiment: Peer comparison headwind — analyst pieces comparing NVDA vs AVGO favor NVIDIA on valuation and data‑center dominance, which could divert incremental AI multiple expansion away from Broadcom. Read More.

Insider Activity

In related news, insider Mark David Brazeal sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $347.12, for a total value of $10,413,600.00. Following the transaction, the insider owned 210,573 shares of the company’s stock, valued at approximately $73,094,099.76. This trade represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Harry L. You bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average price of $325.13 per share, with a total value of $325,130.00. Following the completion of the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 779,101 shares of company stock worth $283,804,325. Company insiders own 2.00% of the company’s stock.

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.