2,134 Broadcom Inc. $AVGO Shares Bought by Whalen Wealth Management Inc.

Posted by Francis Steltz on Oct 8th, 2026

Whalen Wealth Management Inc. grew its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 35.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,107 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,134 shares during the period. Broadcom comprises about 1.2% of Whalen Wealth Management Inc.’s investment portfolio, making the stock its 20th biggest position. Whalen Wealth Management Inc.’s holdings in Broadcom were worth $2,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. Networth Advisors LLC lifted its holdings in Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Core Capital Management & Research inc. bought a new stake in Broadcom during the second quarter worth about $31,000. Harborfront Financial Group LLC bought a new stake in Broadcom during the second quarter worth about $38,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Broadcom during the second quarter worth approximately $60,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Broadcom during the second quarter worth approximately $64,000. Institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AVGO. Raymond James Financial reissued an “outperform” rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. Bank of America cut their price target on Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. BMO Capital Markets upped their price target on shares of Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. TD Cowen reissued a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Finally, Erste Group Bank restated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $527.20.

View Our Latest Stock Report on AVGO

Broadcom Trading Down 3.1%

Shares of Broadcom stock traded down $11.77 during trading on Thursday, reaching $364.74. 8,724,596 shares of the company were exchanged, compared to its average volume of 25,031,582. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The business has a 50-day moving average price of $372.35 and a 200-day moving average price of $382.17. The firm has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 46.46 and a beta of 1.46.

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

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued 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 was Monday, September 21st. Broadcom’s payout ratio is 33.21%.

Insider Activity at Broadcom

In related news, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the sale, the insider owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom is reportedly seeking more than $50 billion from lenders including Apollo Global Management and Blackstone to finance custom AI chips being developed with OpenAI. The effort signals potentially enormous demand for Broadcom’s custom accelerators and could support long-term AI revenue growth. Discussions remain preliminary, however, and the final financing amount may change. Broadcom seeks more than $50 billion to finance OpenAI AI chips
Positive Sentiment: Investors continue to highlight Broadcom’s rapid custom-chip and networking opportunity as hyperscalers expand AI infrastructure. Analysts cited in recent coverage expect substantial earnings growth, while elevated call-option activity indicates strong speculative interest in the shares. Broadcom AI revenue growth and custom chips
Neutral Sentiment: CEO Hock Tan continues to defend Broadcom’s approximately $350 billion AI-chip outlook, emphasizing demand from inference-focused customers. The forecast supports the bullish long-term narrative but requires sustained spending by a small group of large technology customers. Broadcom CEO defends AI outlook
Negative Sentiment: The proposed debt-funded chip purchases have raised concerns about leverage, “circular” financing and the risk of financing chips with loans that could outlast their useful lives. Because the arrangement is tied to OpenAI demand and remains unfinalized, investors may be discounting execution, credit and customer-concentration risks. AI chip debt financing risks
Negative Sentiment: Broadcom’s valuation remains demanding after its strong AI rally, leaving less room for disappointment. Investors are questioning whether projected AI growth is already reflected in the stock, particularly as competing chip and networking companies pursue the same hyperscaler spending. Broadcom AI growth and valuation

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.