Teamwork Financial Advisors LLC Sells 30,289 Shares of Broadcom Inc. $AVGO

Posted by Francis Steltz on Oct 21st, 2026

Teamwork Financial Advisors LLC decreased its position in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 78.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,114 shares of the semiconductor manufacturer’s stock after selling 30,289 shares during the period. Teamwork Financial Advisors LLC’s holdings in Broadcom were worth $2,850,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AVGO. Cornerstone Advisors LLC bought a new position in shares of Broadcom during the 2nd quarter worth about $92,522,000. GAMMA Investing LLC boosted its position in shares of Broadcom by 8.8% during the 3rd quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer’s stock valued at $55,889,000 after acquiring an additional 13,317 shares in the last quarter. ANB Bank acquired a new stake in shares of Broadcom during the 3rd quarter valued at about $1,181,000. Bank of America Corp DE increased its stake in Broadcom by 1.5% in the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after acquiring an additional 894,564 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new stake in Broadcom in the second quarter valued at about $3,302,000. Institutional investors own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: 10-year NTT DOCOMO agreement: Broadcom will help NTT DOCOMO advance its private cloud using VMware Cloud Foundation. The deal supports recurring software revenue, strengthens VMware’s position in enterprise infrastructure, and could improve confidence in Broadcom’s post-acquisition software strategy. Broadcom to Advance NTT DOCOMO’s Private Cloud with VMware Cloud Foundation
Positive Sentiment: AI-chip momentum remains strong: Reports highlight Broadcom’s AI-chip sales growth of approximately 236%, with recent performance exceeding Wall Street expectations. Continued hyperscaler spending on custom silicon and networking equipment supports the company’s growth outlook. Broadcom Sees AI Chip Sales Up 236%, but Who Is Paying?
Positive Sentiment: Semiconductor rebound thesis: Short interest in the leveraged SOXL semiconductor ETF has fallen sharply while institutional investors, including JPMorgan, have increased exposure. This suggests some investors view the sector’s sell-off as a temporary valuation reset rather than a deterioration in chip demand. Chip Stocks Are Sliding—Why Is Smart Money Buying?
Neutral Sentiment: OpenAI fundraising highlights AI demand but benefits Nvidia more directly: OpenAI is reportedly seeking roughly $30 billion at a valuation above $1.4 trillion, while Nvidia agreed to guarantee up to $105 billion of obligations tied to an Ohio campus. The development reinforces AI infrastructure demand, but the announced financing has no direct Broadcom commitment. OpenAI Is Reportedly Raising $30 Billion. Which Chip Stock Gains the Most?
Negative Sentiment: AI bubble and execution concerns: CEO Hock Tan’s comments comparing AI investment conditions to a “casino,” along with warnings about capital constraints, have unsettled retail investors. Broader concerns about an AI bubble and semiconductor supply bottlenecks are contributing to risk reduction across chip stocks. AI Stocks Are Flashing a Bubble-Burst Warning
Negative Sentiment: Technical and valuation pressure persists: AVGO is trading well below its 52-week high and below both its 50-day and 200-day moving averages. With a forward growth story already reflected in a high valuation, investors may remain sensitive to any slowdown in AI orders or customer concentration concerns.

Broadcom Stock Performance

NASDAQ AVGO opened at $334.37 on Wednesday. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 42.70 and a beta of 1.46. The company has a 50 day moving average of $360.94 and a 200-day moving average of $384.47. 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 Inc. has a 1-year low of $289.96 and a 1-year high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its earnings results 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. 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%. Broadcom’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 earnings per share. On average, equities analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup reissued a “buy” rating and issued a $515.00 price target (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. Royal Bank Of Canada initiated coverage on Broadcom in a report on Thursday, September 3rd. They set an “outperform” rating on the stock. Rosenblatt Securities assumed coverage on Broadcom in a report on Thursday, September 3rd. They set a “buy” rating and a $600.00 price objective on the stock. Citic Securities upgraded Broadcom to a “buy” rating and upped their price objective for the company from $450.00 to $525.00 in a research note on Tuesday, September 8th. Finally, President Capital increased their target price on Broadcom from $520.00 to $546.00 and gave the stock a “buy” rating 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus price target of $527.20.

Read Our Latest Stock Analysis on AVGO

Broadcom Profile

(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 data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company’s semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.