Broadcom Inc. $AVGO Holdings Trimmed by Weaver Capital Management LLC

Posted by Francis Steltz on Oct 17th, 2026

Weaver Capital Management LLC lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 8.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,924 shares of the semiconductor manufacturer’s stock after selling 3,146 shares during the quarter. Broadcom comprises 2.3% of Weaver Capital Management LLC’s holdings, making the stock its 11th biggest position. Weaver Capital Management LLC’s holdings in Broadcom were worth $12,265,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in Broadcom in the 2nd quarter worth about $11,998,148,000. Bank of New York Mellon Corp bought a new stake in Broadcom in the 2nd quarter valued at about $10,528,191,000. Jupiter Topco LLC acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $7,396,271,000. State Street Corp grew its position 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 worth $75,367,711,000 after purchasing an additional 16,651,378 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $5,661,216,000. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AVGO. Lake Street Capital raised shares of Broadcom to a “buy” rating in a report on Thursday, September 3rd. Rosenblatt Securities assumed coverage on Broadcom in a research note on Thursday, September 3rd. They issued a “buy” rating and a $600.00 price target for the company. Wall Street Zen downgraded Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Evercore set a $578.00 price objective on Broadcom and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $475.00 price objective (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $527.20.

View Our Latest Report on Broadcom

Broadcom Price Performance

AVGO traded down $15.58 on Friday, hitting $328.75. 29,704,386 shares of the stock were exchanged, compared to its average volume of 23,045,156. The firm has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 41.99 and a beta of 1.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The business has a 50-day moving average of $364.33 and a two-hundred day moving average of $383.51.

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

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is currently 33.21%.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom’s long-term AI opportunity remains attractive because hyperscalers and companies including OpenAI, Anthropic, Alphabet and Meta are adopting custom-designed chips and high-speed networking as alternatives to Nvidia GPUs. Analysts and investors continue to view Broadcom’s combination of custom silicon, networking and infrastructure software as a potential long-term growth engine. Will Broadcom Rejoin the $2 Trillion Club in 2027?
Positive Sentiment: Erste Group raised its FY2027 earnings forecast for Broadcom, while roughly $121.5 million of net ETF purchases on Oct. 14 indicate that some institutional investors continue to add exposure. Broadcom FY2027 Earnings Forecast Raised by Erste Group Bank
Neutral Sentiment: Broadcom’s reported plan to arrange $60 billion in financing connected to Anthropic could expand its AI relationship and customer opportunity, but it also increases the financial stakes and execution risk of the company’s AI strategy. Broadcom’s Anthropic Bet Gets Bigger
Neutral Sentiment: Broadcom and CoreWeave rejected tokenized shares offered through the OKX/ICE venue, limiting a potential new trading channel but signaling caution around digital representations of public-company stock. CoreWeave, Broadcom Reject Tokenized Shares
Negative Sentiment: CEO Hock Tan warned that rising financing costs and speculative, “casino-like” AI investing could slow expansion. His comments raise concerns that AI customers may reduce capital spending or struggle to turn heavy infrastructure investments into profits, weighing particularly on custom-AI-chip suppliers. Broadcom Falls as AI Capital Warning Weighs
Negative Sentiment: Higher-than-expected inflation and expectations for higher interest rates are prompting investors to rotate away from expensive technology and AI stocks. A Gartner warning that many neocloud companies could fail or consolidate by 2030 has intensified fears of an AI infrastructure spending mismatch. MarketBeat Week in Review
Negative Sentiment: Reports that Apple may cut iPhone 18 Pro component orders create an additional demand concern for suppliers, although Broadcom’s exposure and potential impact appear less direct than for some peers. Apple Cut iPhone 18 Orders

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.