Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Broadcom Inc. $AVGO

Mirae Asset Global Investments Co. Ltd. increased its position in Broadcom Inc. (NASDAQ:AVGO) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,553,707 shares of the semiconductor manufacturer’s stock after buying an additional 190,570 shares during the period. Broadcom comprises approximately 2.0% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 10th largest position. Mirae Asset Global Investments Co. Ltd.’s holdings in Broadcom were worth $1,342,413,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. J. L. Bainbridge & Co. Inc. raised its holdings in Broadcom by 0.7% during the second quarter. J. L. Bainbridge & Co. Inc. now owns 4,487 shares of the semiconductor manufacturer’s stock valued at $1,695,000 after acquiring an additional 29 shares during the period. Robocap Asset Management Ltd lifted its position in shares of Broadcom by 8.4% in the second quarter. Robocap Asset Management Ltd now owns 16,019 shares of the semiconductor manufacturer’s stock valued at $6,051,000 after acquiring an additional 1,238 shares in the last quarter. Vanderbilt University purchased a new position in shares of Broadcom in the second quarter valued at about $3,524,000. Hidden Cove Wealth Management LLC boosted its stake in shares of Broadcom by 9.4% in the second quarter. Hidden Cove Wealth Management LLC now owns 5,439 shares of the semiconductor manufacturer’s stock worth $2,055,000 after acquiring an additional 468 shares during the period. Finally, Braeburn Wealth Management LLC boosted its stake in shares of Broadcom by 22.2% in the second quarter. Braeburn Wealth Management LLC now owns 1,494 shares of the semiconductor manufacturer’s stock worth $564,000 after acquiring an additional 271 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s upgrade to a Zacks Rank #2 (Buy) reflects improving earnings expectations. Analysts’ average price target implies roughly 32% upside, though consensus targets are not always reliable indicators. Broadcom Upgraded to Buy
• Positive Sentiment: Commentary argues Broadcom could reshape the AI narrative through strong custom-chip demand, networking exposure and visibility into future orders. Recent results also showed substantial year-over-year revenue growth and an earnings beat. Broadcom Is Set to Rewrite the AI Narrative
• Positive Sentiment: Investors see the VMware portfolio and the upcoming VMware Explore event as opportunities to expand private-AI cloud offerings and drive recurring software revenue. VMware Explore 2026
• Neutral Sentiment: Analysts broadly rate AVGO a Buy, and some individual investors continue purchasing below $400. However, the stock’s elevated valuation means strong future growth may already be reflected in the price. Wall Street Analysts See Broadcom as a Buy
• Negative Sentiment: Bearish analysis warns that AI infrastructure investment could pressure margins if customers demand lower prices or Broadcom faces rising development and manufacturing costs. Broadcom AI Margin Squeeze
• Negative Sentiment: VMware-related uncertainty and the broader semiconductor selloff contributed to recent weakness. Second-quarter filings also showed some prominent investors rotating from Broadcom into Lam Research or Taiwan Semiconductor, increasing concerns about institutional positioning. Funds Rotate Out of Broadcom

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the sale, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harry L. You purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the purchase, the director owned 38,466 shares of the company’s stock, valued at $14,369,743.62. This represents a 2.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 61,644 shares of company stock valued at $24,016,214 over the last 90 days. Insiders own 1.90% of the company’s stock.

Broadcom Trading Down 0.1%

Shares of AVGO stock opened at $392.43 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 65.41, a price-to-earnings-growth ratio of 0.75 and a beta of 1.45. Broadcom Inc. has a 12-month low of $281.87 and a 12-month high of $495.00. The stock’s 50-day moving average price is $389.71 and its 200-day moving average price is $374.06.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The company had revenue of $22.19 billion during the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm’s revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. Equities research analysts predict that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is 43.33%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial lifted their target price on Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Susquehanna restated a “positive” rating and issued a $490.00 price target (up from $450.00) on shares of Broadcom in a research note on Thursday, May 28th. Oppenheimer reaffirmed an “outperform” rating and set a $535.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, June 4th. KeyCorp reiterated an “overweight” rating and set a $575.00 price objective (up from $500.00) on shares of Broadcom in a research report on Thursday, June 4th. Finally, Dbs Bank upgraded shares of Broadcom to a “moderate buy” rating in a research report on Thursday, June 18th. Twenty-eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $493.24.

About Broadcom

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.