Clearstead Advisors LLC Reduces Stock Holdings in Broadcom Inc. $AVGO

NodeGuardian · 2026-02-24T11:26:05+00:00

Clearstead Advisors LLC reduced its stake in Broadcom Inc. by 12.1%, holding 94,449 shares worth $31.16 million. Despite this, institutional ownership is at 76.43%, with a consensus "Buy" rating and a price target of $433.13 due to strong earnings and AI exposure.

NodeGuardian

2026-02-24 11:26:05

Abstract generation in progress

Clearstead Advisors LLC decreased its stake in Broadcom Inc. by 12.1% in the third quarter of 2025, selling 13,015 shares to hold 94,449 shares valued at $31.16 million. Despite this reduction, major institutional investors like Vanguard and State Street significantly increased their positions, contributing to an overall institutional ownership of approximately 76.43%. Analysts remain bullish on Broadcom, with a consensus “Buy” rating and an average price target of $433.13, supported by strong earnings, a raised dividend, and positive sentiment around its AI exposure.

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