Broadcom Inc. $AVGO Stake Decreased by Wealth Enhancement Trust Services Inc.

Posted by Brian Himes on Oct 7th, 2026

Wealth Enhancement Trust Services Inc. trimmed its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 15.2% in the third quarter, Holdings Channel.com reports. The firm owned 20,356 shares of the semiconductor manufacturer’s stock after selling 3,648 shares during the quarter. Wealth Enhancement Trust Services Inc.’s holdings in Broadcom were worth $7,149,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock valued at $75,367,711,000 after buying an additional 16,651,378 shares during the period. Bank of America Corp DE boosted its holdings in Broadcom by 4.6% in the second quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock valued at $23,202,543,000 after acquiring an additional 2,685,916 shares during the last quarter. Wellington Management Group LLP grew its position in Broadcom by 3.8% during the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock valued at $19,484,611,000 after acquiring an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Broadcom by 2.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer’s stock worth $15,178,195,000 after acquiring an additional 1,140,598 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Broadcom in the 2nd quarter worth about $11,998,148,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Up 0.2%

AVGO stock traded up $0.70 during midday trading on Wednesday, hitting $376.51. 17,978,078 shares of the company’s stock were exchanged, compared to its average volume of 25,119,090. The firm has a 50 day moving average price of $372.35 and a 200-day moving average price of $382.17. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 48.09 and a beta of 1.46. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 earnings per share. On average, analysts anticipate that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s payout ratio is currently 33.21%.

Insider Transactions at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom’s AI growth narrative remains the primary catalyst. Reports highlighted projected AI semiconductor revenue of approximately $58 billion in 2026, $115 billion in 2027, and $230 billion in 2028, supported by custom accelerators and networking demand from major cloud customers. Broadcom AI financing plan article
Positive Sentiment: The company’s reported financing plans for Anthropic—including potentially tens of billions of dollars in loans and chip-leasing arrangements—could help customers fund large AI deployments and expand Broadcom’s future chip sales. Separate reporting that Oracle, Broadcom, and SpaceX are seeking multibillion-dollar debt deals underscores the scale of AI infrastructure demand. AI chip debt financing article
Positive Sentiment: CEO Hock Tan defended Broadcom’s roughly $350 billion AI opportunity, arguing that inference-focused customer relationships support continued demand even as some industry participants call for slower frontier-AI development. Analysts and bullish investors also point to potential earnings growth of 71% in fiscal 2026 and 66% in fiscal 2027. Broadcom CEO AI outlook article
Positive Sentiment: Unusually heavy call-option activity and Cathie Wood’s reported $13 million purchase provided additional bullish sentiment. Marvell Technology’s aggressive custom-chip outlook also reinforces the broader market case for custom AI silicon, an area where Broadcom is a leading supplier. Cathie Wood Broadcom purchase article
Neutral Sentiment: Technical analysts describe a bullish reversal with a possible path toward the prior $495 high, but this is market commentary rather than a fundamental change in Broadcom’s business. Broadcom price forecast article
Negative Sentiment: Investors remain concerned that Broadcom’s AI financing arrangements could create “circular financing” or credit exposure if customers rely on debt and leasing to purchase its chips. The stock’s elevated valuation also leaves limited room for weaker AI spending or execution.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AVGO shares. Weiss Ratings downgraded shares of Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Cantor Fitzgerald raised their target price on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $475.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. Sanford C. Bernstein reiterated a “buy” rating on shares of Broadcom in a research note on Monday, September 21st. Finally, Wall Street Zen lowered Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom presently has a consensus rating of “Moderate Buy” and an average target price of $527.20.

View Our Latest Research Report on Broadcom

About Broadcom

(Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company’s semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.