Broadcom Inc. $AVGO is Wesbanco Bank Inc.’s 4th Largest Position

Wesbanco Bank Inc. trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.6% during the first quarter, HoldingsChannel.com reports. The firm owned 328,838 shares of the semiconductor manufacturer’s stock after selling 12,114 shares during the quarter. Broadcom makes up 2.8% of Wesbanco Bank Inc.’s portfolio, making the stock its 4th largest position. Wesbanco Bank Inc.’s holdings in Broadcom were worth $101,779,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AVGO. RFG Holdings Inc. boosted its position in shares of Broadcom by 0.3% in the first quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer’s stock valued at $2,631,000 after acquiring an additional 26 shares during the period. Baring Financial LLC grew its stake in Broadcom by 2.2% during the fourth quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock valued at $470,000 after acquiring an additional 29 shares in the last quarter. Five Oceans Advisors increased its holdings in Broadcom by 0.4% during the 4th quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer’s stock worth $2,835,000 after acquiring an additional 29 shares during the period. Solitude Financial Services lifted its stake in Broadcom by 0.5% in the 1st quarter. Solitude Financial Services now owns 5,728 shares of the semiconductor manufacturer’s stock worth $1,773,000 after purchasing an additional 29 shares in the last quarter. Finally, Financial Management Network Inc. lifted its stake in Broadcom by 0.6% in the 1st quarter. Financial Management Network Inc. now owns 5,032 shares of the semiconductor manufacturer’s stock worth $1,557,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Up 2.0%

Shares of NASDAQ:AVGO opened at $372.45 on Tuesday. The stock’s 50-day moving average price is $411.18 and its 200-day moving average price is $362.85. Broadcom Inc. has a 12-month low of $262.66 and a 12-month high of $495.00. The stock has a market capitalization of $1.77 trillion, a P/E ratio of 62.08, a price-to-earnings-growth ratio of 0.64 and a beta of 1.41. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, equities analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.65 dividend. The ex-dividend date is Monday, June 22nd. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 43.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $535.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. Benchmark raised their price target on Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Bank of America lifted their price target on Broadcom from $450.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Mizuho boosted their price objective on Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Broadcom has an average rating of “Moderate Buy” and an average price target of $493.24.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom continues to benefit from its expanding role in AI infrastructure, with articles highlighting its partnership with OpenAI and the launch of the first custom “Jalapeño” AI chip, underscoring real business momentum from AI demand. Broadcom (AVGO) The Best High Growth Semiconductor to Buy Now?
• Positive Sentiment: Broadcom’s upcoming dividend payment reinforces its shareholder-return profile and may attract income-focused investors, especially with the company maintaining a long payout streak. Broadcom to pay dividends tomorrow: Here’s how much 100 AVGO shares will earn
• Positive Sentiment: Several recent pieces continue to frame Broadcom as a key AI infrastructure winner and a potential long-term leader, including coverage pointing to strong organic AI revenue growth and notable investor interest from big-name funds. The Billionaire Who Sold Nvidia Too Early Just Bought 196,000 Shares of Broadcom — Here’s the Thesis Behind the Rotation
• Neutral Sentiment: Broadcom was also mentioned in broad “must-buy” and model portfolio articles focused on AI beneficiaries, which keeps sentiment constructive but does not add a specific new catalyst for the stock. ChatGPT builds an ideal $1,000 stock portfolio for the second half of 2026
• Negative Sentiment: Some commentary warns that the AI trade could be vulnerable if “good news” stops driving stocks higher, which adds a cautionary tone for AVGO after a strong run in AI-related expectations. This CIO Says the AI Bubble Pops the Moment Good News Stops Moving Stocks
• Negative Sentiment: Broadcom’s recent drop from its peak has led to debate over whether the selloff reflects stretched expectations rather than deteriorating fundamentals, suggesting investor sentiment remains fragile. Broadcom stock crashed 24% but here’s why analysts are not walking away

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Harry L. You purchased 1,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $373.57 per share, with a total value of $373,570.00. Following the transaction, the director directly owned 38,466 shares in the company, valued at approximately $14,369,743.62. The trade was a 2.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider S. Ram Velaga sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $370.52, for a total value of $2,964,160.00. Following the completion of the sale, the insider directly owned 57,932 shares in the company, valued at approximately $21,464,964.64. This represents a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 59,385 shares of company stock worth $21,301,057. Insiders own 1.90% of the company’s stock.

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.