Broadcom Inc. $AVGO Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 472,808 shares of the semiconductor manufacturer’s stock after selling 43,825 shares during the period. Broadcom comprises about 2.3% of Flputnam Investment Management Co.’s portfolio, making the stock its 6th largest position. Flputnam Investment Management Co.’s holdings in Broadcom were worth $155,984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Clarity Financial LLC raised its stake in shares of Broadcom by 76.1% in the 3rd quarter. Clarity Financial LLC now owns 4,347 shares of the semiconductor manufacturer’s stock valued at $1,434,000 after purchasing an additional 1,878 shares during the period. Falcon Wealth Planning grew its holdings in shares of Broadcom by 9.5% during the third quarter. Falcon Wealth Planning now owns 4,146 shares of the semiconductor manufacturer’s stock worth $1,368,000 after buying an additional 358 shares in the last quarter. Matauro LLC acquired a new stake in Broadcom in the 3rd quarter valued at approximately $241,000. Quotient Wealth Partners LLC raised its position in Broadcom by 2.3% in the 3rd quarter. Quotient Wealth Partners LLC now owns 18,821 shares of the semiconductor manufacturer’s stock valued at $6,209,000 after buying an additional 430 shares during the last quarter. Finally, Abound Wealth Management lifted its stake in Broadcom by 1.2% in the 3rd quarter. Abound Wealth Management now owns 12,786 shares of the semiconductor manufacturer’s stock valued at $4,218,000 after acquiring an additional 153 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AVGO has been the subject of several research reports. Cowen reaffirmed a “buy” rating on shares of Broadcom in a research note on Friday, December 12th. Robert W. Baird set a $420.00 target price on shares of Broadcom in a report on Friday, December 12th. The Goldman Sachs Group set a $435.00 price target on shares of Broadcom and gave the company a “buy” rating in a research note on Tuesday, November 25th. Sanford C. Bernstein restated an “outperform” rating and set a $475.00 price objective (up from $400.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, Citigroup restated a “buy” rating and issued a $480.00 price objective (up previously from $415.00) on shares of Broadcom in a report on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $436.33.

Broadcom Stock Performance

Shares of AVGO opened at $341.83 on Tuesday. The company has a market cap of $1.62 trillion, a PE ratio of 71.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. The firm has a 50-day moving average of $362.68 and a 200-day moving average of $322.10. Broadcom Inc. has a one year low of $138.10 and a one 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.

Broadcom (NASDAQ:AVGO) last issued its 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. 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 the consensus estimate of $17.46 billion. During the same period last year, the business posted $1.42 EPS. Broadcom’s revenue was up 28.2% on a year-over-year basis. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently announced 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 an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio is presently 49.58%.

Insider Buying and Selling at Broadcom

In related news, CFO Kirsten M. Spears sold 3,714 shares of the stock in a transaction on 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 sale, the chief financial officer owned 307,237 shares in the company, valued at approximately $100,709,216.23. This represents a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 130,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $326.02, for a total value of $42,382,600.00. Following the sale, the chief executive officer directly owned 595,638 shares of the company’s stock, valued at $194,189,900.76. This represents a 17.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 893,577 shares of company stock worth $320,119,344 in the last three months. 2.00% of the stock is owned by insiders.

Key Headlines Impacting Broadcom

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

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.