Broadcom Inc. $AVGO Stock Position Lifted by State Street Corp

State Street Corp increased its position in Broadcom Inc. (NASDAQ:AVGO) by 8.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 208,031,610 shares of the semiconductor manufacturer’s stock after buying an additional 16,651,378 shares during the quarter. Broadcom makes up about 1.5% of State Street Corp’s holdings, making the stock its 8th largest holding. State Street Corp’s holdings in Broadcom were worth $75,367,711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Fullerton Advisors LLC increased its stake in shares of Broadcom by 1.3% in the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer’s stock worth $616,000 after purchasing an additional 25 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co lifted its stake in shares of Broadcom by 0.5% during the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer’s stock valued at $1,656,000 after buying an additional 25 shares in the last quarter. RFG Holdings Inc. lifted its stake in shares of Broadcom by 0.3% during the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer’s stock valued at $2,631,000 after buying an additional 26 shares in the last quarter. Yukon Wealth Management Inc. boosted its holdings in Broadcom by 1.1% in the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock worth $774,000 after buying an additional 26 shares during the period. Finally, NerdWallet Wealth Partners LLC boosted its holdings in Broadcom by 2.6% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer’s stock worth $399,000 after buying an additional 27 shares during the period. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AVGO. Susquehanna reissued a “positive” rating and set a $490.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Bank of America upped their price objective on Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Oppenheimer reiterated an “outperform” rating and set a $535.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, June 4th. Lake Street Capital raised Broadcom to a “buy” rating in a report on Thursday, September 3rd. Finally, Citigroup restated a “buy” rating and issued a $515.00 price target (up from $500.00) on shares of Broadcom in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $509.04.

Insider Activity at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the transaction, the director directly owned 17,426 shares of the company’s stock, valued at $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 53,492 shares of company stock valued at $20,840,292. 1.90% of the stock is owned by corporate insiders.

Broadcom Price Performance

Shares of AVGO stock traded up $0.77 during trading hours on Tuesday, hitting $363.43. The stock had a trading volume of 9,092,236 shares, compared to its average volume of 25,251,098. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The stock has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 46.40 and a beta of 1.44. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The stock’s 50-day moving average price is $378.48 and its two-hundred day moving average price is $379.78.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The firm’s revenue was up 85.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.69 earnings per share. Equities analysts forecast that Broadcom Inc. will post 10.36 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom’s dividend payout ratio is currently 33.21%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom AI-chip opportunity remains the primary catalyst. Management projects approximately $115 billion in AI semiconductor revenue for fiscal 2027 and $230 billion for fiscal 2028, highlighting substantial expected demand from hyperscale customers. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Recent coverage characterizes Broadcom as a high-quality growth and AI stock, citing its ninth consecutive earnings beat and triple-digit year-over-year AI revenue growth. Analysts and financial commentators argue that the stock’s relatively muted 2026 performance does not reflect the scale of its earnings opportunity. Broadcom’s AI Opportunity Is Bigger Than Its Stock Price Suggests
• Positive Sentiment: Broadcom’s CEO pushed back against concerns that the AI boom is slowing and reaffirmed the company’s targets. Anthropic is expected to become a major customer for Broadcom’s custom silicon, strengthening the company’s exposure to leading AI developers. Our Targets Haven’t Changed: Broadcom’s CEO Pushes Back on the AI Slowdown Scare
• Positive Sentiment: Investors also receive income support: Broadcom’s next quarterly dividend is scheduled for payment on September 30 to eligible shareholders. Its dividend, combined with AI exposure, has led several articles to identify AVGO as an attractive income-and-growth holding. Broadcom to Pay Dividends on September 30
• Neutral Sentiment: Despite the bullish outlook, AVGO trades below both its 50-day and 200-day moving averages, indicating that momentum has not fully recovered. Its high valuation means continued gains will likely depend on Broadcom converting its AI forecasts into sustained revenue and profit growth. Chip Trillionaires Club
• Negative Sentiment: Some comparative analysis favors NVIDIA over Broadcom, Micron and AMD, citing valuation and semiconductor-cycle risks. This could limit near-term upside if investors rotate toward companies viewed as having stronger risk-adjusted AI exposure. Chip Trillionaires Club

About Broadcom

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.