Verition Fund Management 13F: Cuts Broadcom (AVGO) Stake by $6.7M

Verition Trims Broadcom Holding

Verition Fund Management reduced its stake in Broadcom Inc. AVGO on NasdaqGS during the recent reporting period, according to an official Form 13F filing with the Securities and Exchange Commission. The fund shed 17,980 shares, marking a 37.8% reduction from its prior count of 47,487 shares. At the close of the period, the remaining 29,507 shares held a reported value of about $10.9 million.

Broadcom Stock Valuation and Context

Broadcom shares change hands while the tech sector evaluates hardware and software demand. The company operates with a forward P/E ratio of 17.75 based on upcoming earnings estimates. Because 13F filings look backward at past quarters, this report reflects holdings as of the reporting date and may not represent the investor's current position.

Recent Earnings Performance

Broadcom posted $89.1 billion in revenue over the trailing period, alongside a net margin of 42.9%. The semiconductor and infrastructure software provider generated a return on equity of 44.2% with earnings per share sitting at $7.59. The company's next earnings report is scheduled for December 9, 2026.

Dividend Payout Details

Broadcom supports its shareholder return program with a dividend yield of 0.76%. The payout is backed by a dividend payout ratio of 32.4%, allowing the company to return capital while reinvesting in its semiconductor and private cloud software operations.

Insider Buying and Selling at Broadcom Inc.

Recent insider activity includes multiple transactions by Henry Samueli. On June 17, 2026, Samueli acquired 1,602 shares and disposed of an equal number. On June 18, 2026, Samueli bought and sold another block of 1,890 shares. Later in the month on June 24, 2026, Samueli disposed of 333,401 shares.

Analysts Set New Price Targets

Wall Street firms continue to update their views on the chipmaker. On September 10, 2026, Piper Sandler initiated coverage with an overweight rating and a $460.00 price target. On September 4, 2026, Citigroup maintained its buy rating while lifting its target from $500.00 to $515.00. On the same day, DA Davidson maintained a neutral rating but lowered its target from $400.00 to $350.00. Macquarie upgraded the stock to outperform with a $490.00 target on September 3, 2026. On that same date, Raymond James maintained an outperform rating and raised its target from $450.00 to $475.00. Evercore ISI Group maintained an outperform rating with a target lowered from $582.00 to $578.00, TD Cowen maintained a buy rating with a target cut from $500.00 to $475.00, and Truist Securities maintained a buy rating with a target reduced from $550.00 to $520.00. The stock holds a consensus strong buy recommendation from 47 analyst opinions with a mean price target of $527.59.

Semiconductor Operations in Palo Alto

Headquartered in Palo Alto, California, Broadcom designs and supplies semiconductor devices and infrastructure software solutions globally. Its product lineup spans networking connectivity, broadband access, enterprise storage, and private cloud software. This diverse portfolio serves clients across data center networking, telecommunications, and industrial automation.

Portfolio Adjustments Ahead

Institutional investors will monitor upcoming quarterly disclosures to see if Verition continues to pare back tech exposure or stabilizes its holdings. Such regulatory filings offer a snapshot of institutional sentiment at the close of each reporting period.