Broadcom Inc. $AVGO Stock Sold by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB reduced its Broadcom stake by 4.5% in the third quarter, selling 9,616 shares and retaining 203,792 shares valued at approximately $71.4 million. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom reported strong quarterly results, with revenue rising 85.5% year over year to $29.59 billion and adjusted EPS of $3.32, exceeding analyst expectations. The company also declared a quarterly dividend of $0.65 per share, equivalent to a 0.7% annual yield.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $527.20, though concerns include Broadcom’s premium valuation, customer concentration, and potential risks surrounding its reported $42 billion Anthropic chip-financing arrangement.

MassMutual Private Wealth & Trust FSB trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 203,792 shares of the semiconductor manufacturer's stock after selling 9,616 shares during the quarter. Broadcom makes up approximately 1.8% of MassMutual Private Wealth & Trust FSB's holdings, making the stock its 10th largest position. MassMutual Private Wealth & Trust FSB's holdings in Broadcom were worth $71,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in Broadcom by 8.7% in the second 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 during the period. Bank of America Corp DE lifted its position in Broadcom by 4.6% during 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 buying an additional 2,685,916 shares during the period. Wellington Management Group LLP lifted 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 buying an additional 1,892,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 valued at $15,178,195,000 after buying an additional 1,140,598 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Broadcom during the 2nd quarter valued at $11,998,148,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported that AI semiconductor revenue reached $16.7 billion in fiscal Q3 2026, up 221% year over year, and guided to $21.7 billion in fiscal Q4, implying 236% growth. The figures reinforce expectations that custom AI chips and networking products will remain major growth drivers. Broadcom Trades Above Its Own Average Multiple While Growth Cools
• Positive Sentiment: Broadcom continues to outpace Intel on revenue trends, with consistent sequential expansion over the past eight quarters. That performance highlights the company’s stronger position in AI-related semiconductors and data-center infrastructure. Broadcom vs. Intel Revenue Trends
• Positive Sentiment: An anticipated Anthropic IPO could provide the AI company with substantial cash to purchase computing hardware, potentially benefiting Broadcom as a chip and infrastructure supplier. Expanding demand for custom chips and additional substrate capacity further supports the long-term growth outlook. Major Winners From an Anthropic IPO
• Neutral Sentiment: Several analyses argue that Broadcom’s revenue and earnings growth has significantly exceeded its share-price performance, while bullish projections call for AI revenue to double in both 2027 and 2028. These views support upside potential but are dependent on ambitious forecasts. Broadcom’s 2028 Projection
• Negative Sentiment: Broadcom’s reported agreement to lend Anthropic up to $42 billion for chip purchases raises circular-financing concerns: Broadcom may be helping finance a customer’s purchases, which could make reported demand less durable and increase credit and execution risk. Heavy reliance on a small number of powerful AI customers also creates bargaining and concentration risks. Broadcom’s $42 Billion Chip-Buying Deal With Anthropic
• Negative Sentiment: At a premium earnings multiple, Broadcom’s valuation leaves less room for slower AI growth or weaker customer economics. Investors are also assessing whether strong cash generation can continue to comfortably fund dividend increases as customer concentration rises. Can Broadcom Keep Growing Its Dividend

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Rosenblatt Securities started coverage on shares of Broadcom in a research report on Thursday, September 3rd. They issued a "buy" rating and a $600.00 target price on the stock. Cantor Fitzgerald boosted their price objective on shares of Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. KeyCorp restated an "overweight" rating and issued a $575.00 price objective on shares of Broadcom in a report on Thursday, September 3rd. Wall Street Zen downgraded shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Finally, Erste Group Bank reiterated a "hold" rating on shares of Broadcom in a 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 company. According to data from MarketBeat.com, Broadcom presently has a consensus rating of "Moderate Buy" and an average price target of $527.20.

Broadcom Price Performance

AVGO stock opened at $355.14 on Monday. The stock has a market capitalization of $1.70 trillion, a P/E ratio of 45.36 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 1-year low of $289.96 and a 1-year high of $495.00. The business has a fifty day moving average price of $372.74 and a 200-day moving average price of $381.07.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company had revenue of $29.59 billion for the quarter, compared to analysts' expectations of $29.24 billion. During the same period last year, the firm posted $1.69 earnings per share. Broadcom's revenue was up 85.5% compared to the same quarter last year. Equities analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Insider Transactions at Broadcom

In other news, Director Gayla Delly sold 1,890 shares of Broadcom stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Brazeal sold 25,000 shares of the business's stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares of the company's stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 51,890 shares of company stock worth $20,241,368. Insiders own 1.90% of the company's stock.

About Broadcom

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.

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