BSN CAPITAL PARTNERS 13F: Cuts Broadcom (AVGO) Stake by $1.4M

Bsn Capital Partners lowered its stake in Broadcom Inc. AVGO by 1.1% during the quarter, according to a Form 13F filing with the SEC on October 23, 2026. The institutional investor sold 3,938 shares of the semiconductor and infrastructure software provider, leaving it with 364,875 shares. The remaining position carried a value of approximately $133.0 million at the time of the filing. Broadcom shares closed at $321.68 on the day of the filing.

AVGO Broadcom Inc.

$321.68 ▼ -6.95% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Bsn Capital Partners's Broadcom Inc. Position

Bsn Capital Partners adjusted its holdings by reducing its prior count of 368,813 shares down to 364,875 shares. This 1.1% trim reflects a minor pullback by the fund in its technology sector allocation. Despite the reduction, the position remains a sizable holding for the firm.

Other Institutional Activity in Broadcom Inc.

Other institutional investors also adjusted their positions in Broadcom during the filing window. Oriental Harbor Investment Master Fund cut its holdings by 65,583 shares, ending with 364 shares worth about $127,833. Sepio Capital reduced its stake by 4,293 shares to finish with 805 shares valued at roughly $282,771. Howland Capital Management grew its holdings by 5,793 shares, ending with 45,509 shares worth about $15.9 million. Wealthcare Advisory Partners lifted its position by 10,859 shares to hold 60,952 shares valued at approximately $21.4 million. Investment House grew its stake by 15,376 shares, finishing with 24,504 shares worth about $8.6 million.

Broadcom Inc. Stock Down 4.8%

Broadcom recently traded around $321.73 as of October 24, 2026, which is about equal to its closing price on the filing date. The stock trades below its 50-day moving average of $358.68 and below its 200-day moving average of $367.93. The shares sit 35.0% below their 52-week high of $495.00 and 11.0% above their 52-week low of $289.96.

Recent Earnings

Broadcom generates annual revenue of $89.1 billion, backed by a strong net profit margin of 42.9%. The company reported trailing earnings per share of $7.49 and a return on equity of 44.2%. Its next quarterly financial update is scheduled for December 9, 2026.

Dividend

Broadcom pays an annual dividend rate of $2.60 per share, yielding 0.8% based on recent share prices. The payout is supported by a dividend payout ratio of 32.4%.

Insider Buying and Selling at Broadcom Inc.

Company insiders executed several transactions prior to the filing. Director Justine F. Page sold 1,602 shares on June 29, 2026, at an average price of $373.86 for a total value of $598,916. Officer Mark David Brazeal sold 25,000 shares on July 8, 2026, at $379.19 per share, totaling $9.4 million. Director Gayla J. Delly disposed of 1,890 shares on July 8, 2026, at $385.38 per share for a value of $728,368. Later, on July 10, 2026, Mark David Brazeal sold another 25,000 shares at $401.33 per share, totaling approximately $10.0 million.

Analysts Set New Price Targets

Analyst firms adjusted their views on the stock leading up to the autumn reporting season. On September 3, 2026, Macquarie upgraded the stock to an outperform rating with a $490.00 price target. Citigroup maintained a buy rating on September 4, 2026, lifting its target from $500.00 to $515.00. DA Davidson maintained a neutral rating on September 4, 2026, while lowering its target from $400.00 to $350.00. Piper Sandler initiated coverage on September 10, 2026, with an overweight rating and a $460.00 price target. Tigress Financial initiated coverage on October 22, 2026, with a buy rating and a $600.00 price target. The stock currently holds a consensus strong buy rating from 48 analyst opinions, with a mean price target of $529.10.

About Broadcom Inc.

Headquartered in Palo Alto, California, Broadcom designs, develops, and supplies semiconductor devices and infrastructure software solutions globally. The enterprise operates across two core segments focused on semiconductor hardware and enterprise infrastructure software, serving customers worldwide in networking, data center, and broadband markets.

Bottom Line

Bsn Capital Partners made a small adjustment to its sizeable Broadcom holdings during the third quarter. Investors will look toward the company's upcoming earnings release on December 9, 2026, for further updates on semiconductor demand and software revenue growth.