Parnassus Investments LLC Decreases Stock Position in Broadcom Inc. $AVGO

Parnassus Investments LLC trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 44.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,518,191 shares of the semiconductor manufacturer’s stock after selling 2,019,415 shares during the quarter. Broadcom accounts for 1.9% of Parnassus Investments LLC’s holdings, making the stock its 18th largest holding. Parnassus Investments LLC’s holdings in Broadcom were worth $830,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AVGO. Assetmark Inc. raised its holdings in shares of Broadcom by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock valued at $469,566,000 after purchasing an additional 39,466 shares in the last quarter. Capital Counsel LLC NY purchased a new position in Broadcom in the second quarter valued at $221,000. Waterloo Capital L.P. increased its holdings in Broadcom by 7.0% in the second quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer’s stock valued at $13,331,000 after buying an additional 3,180 shares during the last quarter. RiverFront Investment Group LLC raised its stake in Broadcom by 107.6% in the second quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer’s stock valued at $4,555,000 after buying an additional 8,566 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. lifted its holdings in Broadcom by 23.6% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 46,317 shares of the semiconductor manufacturer’s stock worth $12,767,000 after buying an additional 8,829 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO opened at $339.89 on Thursday. The company’s 50 day simple moving average is $359.19 and its 200-day simple moving average is $332.62. The firm has a market cap of $1.61 trillion, a PE ratio of 71.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.21. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, beating the consensus estimate of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. Broadcom’s revenue for the quarter was up 28.2% on a year-over-year basis. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. Broadcom’s payout ratio is currently 54.62%.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $475.00 price objective (up previously from $400.00) on shares of Broadcom in a report on Friday, December 12th. UBS Group set a $475.00 price target on Broadcom and gave the company a “buy” rating in a report on Monday, December 15th. Evercore ISI raised their price objective on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Barclays restated an “overweight” rating and set a $500.00 price objective (up previously from $450.00) on shares of Broadcom in a research report on Friday, December 12th. Finally, Truist Financial increased their target price on shares of Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $435.57.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Mizuho raised its price target on AVGO to $480 and kept an Outperform rating — a direct, high-profile analyst upgrade that signals institutional confidence and adds upward pressure on the stock. Mizuho Raises Firm’s PT on Broadcom (AVGO) Stock
• Positive Sentiment: Major banks (Goldman, BofA, Mizuho) have named Broadcom a 2026 “top pick,” with price targets as high as $500 — a consensus of blue‑chip institutional conviction that can draw buy-side flows. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks
• Positive Sentiment: Analysts and research pieces highlight Broadcom’s growing role in custom AI ASICs and XPU customers — positioning the company as a key alternative to Nvidia in bespoke AI hardware, which supports longer-term revenue upside. Should You Forget Nvidia and Buy These 2 Artificial Intelligence (AI) Stocks Instead?
• Positive Sentiment: Bernstein reiterated an Outperform and called competition fears “overblown,” citing Broadcom’s leadership in AI ASIC innovation — a reassuring note that can reduce investor fear around market-share erosion. Bernstein Says AI Competition Fears Around Broadcom (AVGO) Are Overblown
• Neutral Sentiment: Analysts flag an AI-driven supply crunch and custom silicon upside — a double-edged trend: it could lift Broadcom’s order book but also create near-term supply-chain volatility and capex-driven market movement. Broadcom, Marvell In Focus As Semicondcutor Analyst Flags AI-Driven Supply Crunch, Custom Silicon Upside
• Neutral Sentiment: Broadcom showcased new Wi‑Fi products at CES 2026 — positive for product-cycle narrative and diversification, but not an immediate earnings catalyst on its own. Broadcom Inc. (AVGO) Launches new Wi-Fi Products at CES 2026
• Negative Sentiment: Investors remain sensitive to Broadcom’s Dec. 11 earnings margin warning — that report triggered a sell-off and is the main source of downside risk until gross-margin trajectory is visibly stable. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 320,316 shares of Broadcom stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $400.53, for a total value of $128,296,167.48. Following the transaction, the director directly owned 37,326,540 shares in the company, valued at approximately $14,950,399,066.20. This trade represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total value of $10,434,600.00. Following the completion of the transaction, the chief financial officer directly owned 277,237 shares in the company, valued at approximately $96,428,573.34. The trade was a 9.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 779,901 shares of company stock worth $284,069,237. Insiders own 2.00% of the company’s stock.

Broadcom 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.