Legacy Wealth Asset Management LLC Decreases Position in Broadcom Inc. $AVGO

Legacy Wealth Asset Management LLC lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 17.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,055 shares of the semiconductor manufacturer’s stock after selling 3,576 shares during the period. Broadcom comprises about 1.4% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 8th biggest position. Legacy Wealth Asset Management LLC’s holdings in Broadcom were worth $5,627,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after acquiring an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares during the last quarter. United Bank boosted its stake in shares of Broadcom by 76.5% during the first quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock valued at $392,000 after purchasing an additional 1,014 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Broadcom by 633.3% during the first quarter. AlphaQuest LLC now owns 704 shares of the semiconductor manufacturer’s stock worth $118,000 after purchasing an additional 608 shares during the last quarter. Finally, Harvest Portfolios Group Inc. increased its stake in shares of Broadcom by 40.6% in the first quarter. Harvest Portfolios Group Inc. now owns 277,580 shares of the semiconductor manufacturer’s stock valued at $46,475,000 after buying an additional 80,191 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Henry Samueli sold 320,316 shares of the 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 transaction, the director directly owned 37,326,540 shares of the company’s stock, valued at $14,950,399,066.20. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 1,928 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total transaction of $631,998.40. Following the completion of the sale, the insider owned 23,582 shares of the company’s stock, valued at $7,730,179.60. The trade was a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 524,780 shares of company stock worth $195,499,150. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AVGO shares. Rosenblatt Securities lifted their target price on shares of Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Broadcom in a report on Monday, December 15th. Piper Sandler restated an “overweight” rating and issued a $430.00 price objective (up from $375.00) on shares of Broadcom in a report on Friday, December 12th. JPMorgan Chase & Co. increased their price objective on Broadcom from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Finally, Oppenheimer lifted their target price on Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus price target of $436.33.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Truist raised its price target to $510, adding to recent upward revisions that bolster buy-side momentum and give institutional investors cover to add shares. Read More.
• Positive Sentiment: Strong AI growth thesis: reports highlight management guidance and analyst estimates showing very large AI revenue and FCF expansion (Seeking Alpha notes >150% AI revenue and ~60% FCF growth for FY2026), supporting higher valuation multiples if delivered. Read More.
• Positive Sentiment: Market narrative shift to backlog/supply wins: commentary says investors are re?rating AVGO on its ability to convert a reported ~$73B AI order book into durable revenue rather than focusing only on near?term margins. Read More.
• Positive Sentiment: Dividend increase signals strong cash flow and may attract income investors; the higher payout also complements the growth narrative. Read More.
• Positive Sentiment: Insider buy: director Harry L. You purchased 1,000 shares (~$325k), a modest but helpful signal of insider conviction amid mixed insider activity. Read More.
• Neutral Sentiment: Deep-dive pieces on international revenue mix and options/flow activity are informative for modeling revenue exposure and short-term volatility but are not immediate fundamentals changes. Read More.
• Neutral Sentiment: Social-media and forum chatter (Quiver/other aggregators) show mixed reactions — heavy bullish posts on AI revenue are balanced by debate over non?AI flatness; this amplifies intraday moves but is an unreliable signal for fundamentals. Read More.
• Negative Sentiment: Large insider sale: CEO Hock E. Tan sold 130,000 shares (~$42.4M), materially reducing his stake — a move that can spook investors and weighs on sentiment despite other buys. Read More.
• Negative Sentiment: Multiple other insider sales and recent selling by some senior officers amplify the negative signal from insider transactions. Read More.
• Negative Sentiment: Post?earnings pullback and valuation concerns: AVGO is down materially since the Dec. 11 results (~19% noted) and outlets like Barron’s flag potential overvaluation, which could cap upside if AI growth expectations moderate. Read More. Read More.

Broadcom Price Performance

AVGO stock opened at $349.32 on Wednesday. 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 firm has a market cap of $1.66 trillion, a price-to-earnings ratio of 73.39, a PEG ratio of 1.17 and a beta of 1.19. The company’s fifty day simple moving average is $362.78 and its 200 day simple moving average is $322.82. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61.

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

Broadcom Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is currently 54.62%.

Broadcom Company 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.