Matrix Trust Co Sells 2,774 Shares of Broadcom Inc. $AVGO

Matrix Trust Co decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 19.1% during the third quarter, Holdings Channel reports. The institutional investor owned 11,712 shares of the semiconductor manufacturer’s stock after selling 2,774 shares during the period. Broadcom makes up approximately 0.6% of Matrix Trust Co’s investment portfolio, making the stock its 23rd biggest position. Matrix Trust Co’s holdings in Broadcom were worth $3,864,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, CFO Kirsten M. Spears sold 3,714 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $327.79, for a total value of $1,217,412.06. Following the completion of the sale, the chief financial officer owned 307,237 shares in the company, valued at approximately $100,709,216.23. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harry L. You purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of $325.13 per share, with a total value of $325,130.00. Following the completion of the purchase, the director owned 36,602 shares in the company, valued at $11,900,408.26. This trade represents a 2.81% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 524,780 shares of company stock valued at $195,499,150. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Up 0.2%

Shares of NASDAQ AVGO opened at $350.18 on Friday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. The business’s 50 day moving average is $362.68 and its two-hundred day moving average is $323.20. The stock has a market capitalization of $1.66 trillion, a P/E ratio of 73.57, a PEG ratio of 1.20 and a beta of 1.19.

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

Broadcom Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AVGO shares. Weiss Ratings restated a “buy (b-)” rating on shares of Broadcom in a research report on Monday, December 15th. UBS Group set a $475.00 price objective on shares of Broadcom and gave the company a “buy” rating in a report on Monday, December 15th. Bank of America raised their price objective on Broadcom from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, December 12th. KeyCorp reiterated an “overweight” rating and issued a $500.00 target price (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $475.00 price target (up previously from $400.00) 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 given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom 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: Q4 AI strength — Zacks highlights that Broadcom’s AI (XPU) momentum accelerated, with Q4 AI revenue rising ~74% to $6.5B, a swelling order backlog and a bullish 2026 revenue outlook. Strong AI revenue and backlog support upside for AVGO. Read More.
• Positive Sentiment: Analyst optimism — Cantor Fitzgerald and other outlets name Broadcom among semiconductors poised to outperform in 2026, reflecting favorable sell-side sentiment on AI exposure. Read More.
• Positive Sentiment: Buy-recommendation momentum & stock picks — Multiple publications (Finbold, The Motley Fool) list Broadcom among top AI buys and among names with heavy “Buy” analyst support heading into 2026, reinforcing demand-side narrative. Read More. • Read More.
• Positive Sentiment: Insider buy signals (small) — Reports show modest insider purchases (e.g., Harry You acquiring 1,000 shares) and a brief market reaction tying insider buying to intraday strength. These buys can be read as a minor vote of confidence. Read More. • Read More.
• Neutral Sentiment: Mixed market commentary — Several deep-dive pieces praise Broadcom’s AI role while flagging execution/valuation upside; options activity shows investor caution. These analyses temper but don’t overturn the bullish thesis. Read More. • Read More.
• Negative Sentiment: Large insider selling — Company insiders, including the CEO, have executed sizable sales (reports show total insider selling topping ~$100M and Hock Tan selling 130,000 shares), which is weighing on sentiment and raising governance/realization concerns. Read More. • Read More.
• Negative Sentiment: Margin and backlog concerns — Management warned gross margins will decline (driven by higher mix of system sales vs. chips), creating uncertainty about margin quality of the large AI backlog; markets sold the stock after the guidance. This is the primary driver of recent volatility. (Deep dive summary)
• Negative Sentiment: Rising short interest — Short interest rose notably in mid-December (reported ~69.8M shares, +23.8% month-over-month), which can amplify downside on negative headlines and shows some trader skepticism. (data entry)

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.