Perigon Wealth Management 13F: Cuts AVGO Stake by $3.5M

Perigon Wealth Management lowered its stake in Broadcom Inc. AVGO by 6.3% during the quarter, according to a Form 13F filing filed with the SEC on October 22, 2026. Broadcom closed at $323.24 on the day of the filing.

AVGO Broadcom Inc.

$323.24 ▼ -6.50% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Perigon Wealth Management's Broadcom Position

Perigon Wealth Management sold 9,926 shares of Broadcom during the period, cutting its holdings by 6.3% to end with 147,532 shares. The remaining stake carried a value of roughly $51.8 million at the close of the period. The firm previously held 157,458 shares.

Other Institutional Activity in Broadcom

Other institutional investors also adjusted their exposure to the semiconductor company during the filing window. Sumitomo Mitsui DS Asset Management Company grew its holdings by 20,893 shares, ending with 777,092 shares worth about $272.9 million. James Hambro & Partners grew its holdings by 7,523 shares, ending with 261,554 shares worth about $91.8 million. PineStone Asset Management held 361,120 shares valued at about $126.8 million. Midwest Trust reduced its holdings by 37,041 shares, ending with 497,152 shares worth about $174.6 million. Wealthcare Advisory Partners grew its holdings by 10,859 shares, ending with 60,952 shares worth about $21.4 million.

Broadcom Inc. Stock Down 3.3%

Broadcom recently traded around $323.33 as of October 23, 2026, putting it about equal to its $323.24 close on the filing date. The shares sit below their 50-day and 200-day moving averages, and well off their 52-week high of $495.00.

Recent Earnings

Broadcom reported $89.1 billion in trailing twelve month revenue and earnings of $7.83 per share. The company posted a net profit margin of 42.9% and a return on equity of 44.2%, with year-over-year revenue growth coming in at 85.5%. The technology firm operates across its semiconductor solutions and infrastructure software segments, serving international markets from its headquarters in Palo Alto, California. The company's next earnings report is scheduled for December 9, 2026.

Dividend

Broadcom pays an annual dividend rate of $2.60 per share, which translates to a dividend yield of 0.77%. The company pays out 32.4% of its earnings as dividends.

Insider Buying and Selling at Broadcom Inc.

Company insiders executed several stock 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. Director Gayla J. Delly sold 1,890 shares on July 8, 2026, at $385.38 per share, totaling $728,368. Officer Mark David Brazeal sold 25,000 shares on July 8, 2026, at $379.19 per share, amounting to nearly $9.5 million, and followed up by selling another 25,000 shares on July 10, 2026, at $401.33 per share for a total of $10.0 million.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock across several recent sessions. On September 3, 2026, Macquarie upgraded the stock to Outperform with a $490.00 price target. Citigroup maintained a Buy rating on September 4, 2026, raising its target to $515.00 from $500.00. DA Davidson maintained a Neutral rating on September 4, 2026, lowering its target to $350.00 from $400.00. Piper Sandler initiated coverage with an Overweight rating and a $460.00 target on September 10, 2026. Later, on October 22, 2026, Tigress Financial initiated coverage with a Buy rating and a $600.00 price target. Broadcom currently holds a consensus recommendation of strong_buy with a mean price target of $527.59 across 47 analyst opinions.

About Broadcom Inc.

Broadcom Inc. designs, develops, and supplies a wide array of semiconductor devices and infrastructure software solutions around the globe. The company manages a large portfolio of connectivity and infrastructure products utilized across data centers, networking, and enterprise applications.

Bottom Line

Investors tracking Broadcom will want to watch upcoming institutional filings and the company's next earnings release on December 9, 2026. Monitoring how shares trade relative to moving averages will also offer insight into near-term market sentiment.