Greenup Street Wealth Management LLC Invests $691,000 in Broadcom Inc. $AVGO

Greenup Street Wealth Management LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,094 shares of the semiconductor manufacturer’s stock, valued at approximately $691,000.

A number of other hedge funds have also bought and sold shares of AVGO. Vanguard Group Inc. grew its position in shares of Broadcom by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after purchasing an additional 6,222,802 shares in the last quarter. State Street Corp boosted its stake in shares of Broadcom by 0.5% in the second quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock valued at $51,071,601,000 after buying an additional 873,963 shares during the period. Geode Capital Management LLC grew its position in Broadcom by 2.1% during the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock worth $29,827,649,000 after buying an additional 2,226,585 shares in the last quarter. Norges Bank acquired a new stake in Broadcom during the second quarter worth approximately $18,579,549,000. Finally, Invesco Ltd. increased its stake in Broadcom by 8.4% during the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock worth $10,598,641,000 after acquiring an additional 2,978,768 shares during the period. 76.43% of the stock is owned by institutional investors.

Insider Activity at Broadcom

In other news, Director Harry L. You acquired 1,000 shares of Broadcom stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average price of $325.13 per share, for a total transaction of $325,130.00. Following the transaction, the director directly owned 36,602 shares of the company’s stock, valued at approximately $11,900,408.26. The trade was a 2.81% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 3,714 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $327.79, for a total value of $1,217,412.06. Following the completion of the transaction, the chief financial officer directly owned 307,237 shares of the company’s stock, valued at approximately $100,709,216.23. The trade was a 1.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 624,780 shares of company stock worth $230,064,150 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Down 0.8%

Shares of NASDAQ AVGO opened at $349.37 on Tuesday. The company has a market cap of $1.66 trillion, a price-to-earnings ratio of 73.40, a PEG ratio of 1.21 and a beta of 1.19. 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 12 month low of $138.10 and a 12 month high of $414.61. The stock has a 50-day moving average price of $362.74 and a two-hundred day moving average price of $325.67.

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

Broadcom Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a $0.65 dividend. 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 is currently 54.62%.

Analysts Set New Price Targets

AVGO has been the subject of a number of recent analyst reports. Robert W. Baird set a $420.00 target price on Broadcom in a research report on Friday, December 12th. Macquarie started coverage on shares of Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective for the company. Rosenblatt Securities increased their price objective on shares of Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $430.00 target price (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $436.33.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Large AI backlog and product roadmap support medium?term growth: market commentary highlights Broadcom’s multi?billion AI order backlog and its role supplying custom silicon, networking and data?center infrastructure — a core beneficiary of the AI data?center cycle. QuiverQuant: Opinions on AI Backlog and Earnings Drop
• Positive Sentiment: Strong analyst sentiment and lofty price targets point to upside over time: multiple firms have issued buy/overweight ratings and a median price target near $450, with several $475–$510 targets cited. That institutional conviction supports longer?term investor case. Analyst Ratings & Price Targets
• Positive Sentiment: Sector dynamics (NVIDIA/Groq deal) amplify demand for networking and infrastructure — ETFs and diversified semiconductor plays (like SOXX) call out Broadcom as a beneficiary as AI moves from training to inference. MarketBeat: The Lazy Way to Play NVIDIA’s $20B Groq Deal
• Neutral Sentiment: Insider selling is active but largely explained: recent Form 4s show many sales were automatic with RSU tax withholding; one material Hock Tan transaction was described as an exchange?fund diversification rather than an outright vote of no confidence. That reduces but doesn’t eliminate investor concern. MarketBeat: Broadcom’s Insider Selling
• Neutral Sentiment: Heavy social and hedge?fund chatter: AVGO has seen big year?to?date gains and substantial institutional position churn; conversation mixes bullish AI theses with concerns about non?AI revenue trends. QuiverQuant discussion summary
• Negative Sentiment: Near?term pressure from post?earnings selloff and margin/guidance worries: the Dec. earnings beat was followed by a sharp pullback as investors parsed flat non?AI guidance and gross?margin questions — fueling today’s weakness. MarketBeat: Post?earnings selloff analysis
• Negative Sentiment: Rotation risk: reports that some large investors are trimming mega?cap AI winners and rotating positions could sustain short?term outflows from AVGO if momentum favors other sector leaders. 247WallSt: Billionaires Dump the Magnificent Seven

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.