Viking Fund Management LLC Has $31.34 Million Stock Holdings in Broadcom Inc. $AVGO

Viking Fund Management LLC lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 12.0% during the third quarter, HoldingsChannel reports. The firm owned 95,000 shares of the semiconductor manufacturer’s stock after selling 13,000 shares during the quarter. Broadcom comprises 3.8% of Viking Fund Management LLC’s holdings, making the stock its largest holding. Viking Fund Management LLC’s holdings in Broadcom were worth $31,341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sawyer & Company Inc lifted its stake in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Broadcom during the second quarter worth $27,000. Legend Financial Advisors Inc. bought a new stake in Broadcom in the 2nd quarter valued at $28,000. Teachers Insurance & Annuity Association of America bought a new stake in Broadcom in the 2nd quarter valued at $28,000. Finally, LGT Financial Advisors LLC acquired a new position in Broadcom in the 2nd quarter worth $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Up 0.4%

Shares of Broadcom stock opened at $341.83 on Tuesday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61. The stock has a market cap of $1.62 trillion, a P/E ratio of 71.81, a P/E/G ratio of 1.17 and a beta of 1.19. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $362.68 and its 200-day moving average is $322.10.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $17.46 billion. During the same period last year, the business earned $1.42 earnings per share. The firm’s revenue was up 28.2% on a year-over-year basis. Equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. This is a boost from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is presently 49.58%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Truist raised its price target on AVGO to $510 (from $500), helping underpin today’s upside from analyst momentum. Truist Lifts PT on Broadcom Inc. (AVGO) to $510 From $500
• Positive Sentiment: Analysts and commentators are highlighting AI-driven growth: Seeking Alpha reports Broadcom is forecasting >150% AI revenue and ~60% FCF growth for FY2026 — a thesis that supports higher forward multiples. Broadcom: Expecting Over 150% AI Revenue And 60% FCF Growth For FY2026 (Upgrade)
• Positive Sentiment: Broadcom raised its dividend (alongside peers), a signal of cash-flow strength that can attract income-focused investors. Broadcom Just Raised Its Dividend—But It’s Not the Only One Signaling Strength (AVGO)
• Positive Sentiment: Insider buying: director Harry L. You purchased 1,000 shares at ~$325 — a small but positive signal of insider conviction. SEC Filing – Harry L. You Purchase
• Positive Sentiment: Broad positive media/TV commentary (Jim Cramer, feature pieces) and multiple price-target raises have created momentum among retail and institutional buyers. Jim Cramer Shows a Bullish Sentiment Toward Broadcom
• Neutral Sentiment: Deep-dive pieces on Broadcom’s international revenue mix and options activity may influence longer-term models but are not immediate price catalysts. International Markets and Broadcom Inc. (AVGO): A Deep Dive for Investors
• Neutral Sentiment: Reports flagged unusually large options activity and upgrade-related trading; these can amplify intraday moves but don’t change fundamentals. Broadcom (AVGO) Trading Higher on Analyst Upgrade
• Negative Sentiment: CEO Hock E. Tan sold 130,000 shares (~$42.4M at ~$326), reducing his stake ~17.9% — a large insider sale that can spook investors. SEC Filing – Hock E. Tan Sale
• Negative Sentiment: Other insiders (including Mark Brazeal and senior finance officers) have sold shares in recent days, adding to the negative signal from insider activity. Mark David Brazeal Sells 38,281 Shares of Broadcom
• Negative Sentiment: Price weakness since the Dec. 11 Q4 results — ~19% decline noted in coverage — keeps some investors on the sidelines despite the beat, feeding more negative sentiment. Broadcom Inc. (AVGO) Down 19% Since Q4 2025 Results, Here’s Why
• Negative Sentiment: Valuation concerns: Barron’s and other outlets flagged Broadcom as potentially overvalued entering 2026, which could cap upside if macro/AI expectations cool. Broadcom, Circle, and 8 More Stocks That Look Overvalued for 2026

Insider Buying and Selling

In related news, insider Mark David Brazeal sold 38,281 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 266,494 shares in the company, valued at approximately $87,316,759.10. This trade represents a 12.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction dated 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 owned 595,638 shares of the company’s stock, valued at $194,189,900.76. The trade was a 17.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 893,577 shares of company stock worth $320,119,344 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several recent research reports. Truist Financial lifted their price target on Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Friday. Argus lifted their target price on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Susquehanna restated a “positive” rating and issued a $450.00 target price (up previously from $400.00) on shares of Broadcom in a research note on Thursday, December 4th. Mizuho raised their price target on shares of Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Barclays reiterated an “overweight” rating and issued a $500.00 price objective (up from $450.00) on shares of Broadcom in a report on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $436.33.

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.