Whittier Trust Co. of Nevada Inc. Sells 4,690 Shares of Broadcom Inc. $AVGO

Key Points

• Whittier Trust trimmed its Broadcom stake by 1.4% (sold 4,690 shares), leaving 318,897 shares worth $109,627,000 — Broadcom represents 2.3% of the firm's portfolio and is its 8th largest holding.
• Analysts are broadly bullish: several firms raised price targets (e.g., Truist to $545, Citi to $475, Wells Fargo to $430), with a consensus "Moderate Buy" and an average target of $435.30.
• Insiders have been selling: company insiders disposed of 324,282 shares valued at $106.4M over the past three months (notable sales by S. Ram Velaga and Charlie B. Kawwas), though insiders still own 1.90% of the stock.

Whittier Trust Co. of Nevada Inc. lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 318,897 shares of the semiconductor manufacturer's stock after selling 4,690 shares during the quarter. Broadcom accounts for 2.3% of Whittier Trust Co. of Nevada Inc.'s investment portfolio, making the stock its 8th biggest position. Whittier Trust Co. of Nevada Inc.'s holdings in Broadcom were worth $109,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JCIC Asset Management Inc. acquired a new position in shares of Broadcom in the third quarter worth about $31,000. Miller Global Investments LLC acquired a new position in shares of Broadcom in the fourth quarter worth about $31,000. Manning & Napier Advisors LLC acquired a new position in shares of Broadcom in the third quarter worth about $34,000. Family CFO Inc acquired a new position in shares of Broadcom in the fourth quarter worth about $35,000. Finally, PayPay Securities Corp lifted its stake in shares of Broadcom by 88.9% in the fourth quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock worth $41,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Truist Financial boosted their price target on Broadcom from $510.00 to $545.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. DA Davidson upgraded Broadcom to a "hold" rating in a research note on Friday, February 13th. Citigroup boosted their price target on Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Wells Fargo & Company upgraded Broadcom from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $410.00 to $430.00 in a research note on Thursday, January 15th. Finally, Wolfe Research upgraded Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $435.30.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Expanded Google Cloud collaboration — Broadcom and Google launched Cloud Network Insights (end‑to‑end network observability for multi‑cloud/hybrid/SaaS), which supports Broadcom’s push into higher‑margin infrastructure software and recurring revenue. Read More.
• Positive Sentiment: Multi‑year Meta AI infrastructure partnership — a large cloud/AI customer win that expands Broadcom’s addressable market in AI infrastructure and validates its enterprise AI roadmap. Read More.
• Positive Sentiment: VMware Tanzu integration for enterprise AI — Broadcom extended its software stack into a secure runtime for Autonomous AI on VMware, reinforcing software recurring revenue and enterprise AI positioning. Read More.
• Positive Sentiment: Broad sector tailwind — the Philadelphia Semiconductor Index (SOXX) logged a record 17‑day winning streak, reflecting strong demand momentum across chips and lifting broad market sentiment for AVGO. Read More.
• Positive Sentiment: Technical and analyst backing — AVGO formed a bullish 50/200-day "golden cross" (a common momentum signal), and analysts call AVGO one of the few drivers of big 2026 earnings growth alongside NVDA; high-profile investor mentions (e.g., Ken Griffin) add institutional interest. Read More. Read More. Read More.
• Neutral Sentiment: Analyst/commentary roundups — several outlets published bullish theses and “stocks to buy” lists highlighting AVGO’s AI exposure and software mix; useful for sentiment but mainly a compilation of existing catalysts. Read More.
• Negative Sentiment: Valuation and positioning risk — coverage notes elevated trailing/forward P/E ratios and AVGO trading near its 52‑week highs, which increases downside if growth expectations slip or macro sentiment turns. Read More.

Insider Activity

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of the company's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the sale, the insider owned 57,932 shares in the company, valued at $21,464,964.64. This represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total value of $3,452,300.00. Following the transaction, the insider directly owned 787,184 shares of the company's stock, valued at $271,759,532.32. This trade represents a 1.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 324,282 shares of company stock valued at $106,425,249 over the last three months. Company insiders own 1.90% of the company's stock.

Broadcom Trading Up 0.7%

Shares of NASDAQ AVGO opened at $422.76 on Friday. The stock's 50 day moving average price is $341.04 and its two-hundred day moving average price is $347.79. Broadcom Inc. has a 52-week low of $184.02 and a 52-week high of $429.31. The stock has a market capitalization of $2.00 trillion, a P/E ratio of 82.57, a PEG ratio of 0.87 and a beta of 1.24. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. Broadcom's revenue for the quarter was up 29.5% compared to the same quarter last year. On average, analysts anticipate that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a dividend of $0.65 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.6%. Broadcom's dividend payout ratio is presently 50.78%.

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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