Broadcom Inc. $AVGO Position Raised by Andra AP fonden

Andra AP fonden lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 25.9% during the second quarter, Holdings Channel.com reports. The firm owned 817,960 shares of the semiconductor manufacturer’s stock after acquiring an additional 168,260 shares during the period. Broadcom comprises 3.4% of Andra AP fonden’s investment portfolio, making the stock its 4th biggest holding. Andra AP fonden’s holdings in Broadcom were worth $308,984,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AVGO. State Street Corp boosted its holdings in shares of Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock worth $75,367,711,000 after purchasing an additional 16,651,378 shares during the last quarter. Security National Bank of Sioux City Iowa IA acquired a new position in Broadcom during the second quarter worth $227,000. Wellington Altus USA Inc. boosted its stake in Broadcom by 18.3% during the second quarter. Wellington Altus USA Inc. now owns 2,344 shares of the semiconductor manufacturer’s stock worth $885,000 after buying an additional 362 shares during the last quarter. Twin Peaks Capital Ltd purchased a new stake in Broadcom in the 2nd quarter valued at $7,555,000. Finally, Anchor Investment Management LLC increased its stake in shares of Broadcom by 7.3% in the 2nd quarter. Anchor Investment Management LLC now owns 25,525 shares of the semiconductor manufacturer’s stock worth $9,269,000 after acquiring an additional 1,741 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Up 0.2%

AVGO traded up $0.67 on Tuesday, hitting $363.33. The company had a trading volume of 9,092,236 shares, compared to its average volume of 25,251,098. The company’s fifty day moving average price is $378.48 and its 200 day moving average price is $379.78. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.73 trillion, a P/E ratio of 46.40 and a beta of 1.44.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter last year, the firm posted $1.69 earnings per share. Broadcom’s revenue was up 85.5% compared to the same quarter last year. As a group, equities analysts expect that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AVGO. Royal Bank Of Canada started coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set an “outperform” rating on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Broadcom in a research report on Monday, August 3rd. Evercore set a $578.00 target price on shares of Broadcom in a report on Thursday, September 3rd. KeyCorp reissued an “overweight” rating and issued a $575.00 price target on shares of Broadcom in a research note on Thursday, September 3rd. Finally, Lake Street Capital upgraded shares of Broadcom to a “buy” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $509.04.

More Broadcom News

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

Insider Activity at Broadcom

In other news, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 53,492 shares of company stock worth $20,840,292. Insiders own 1.90% of the company’s stock.

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.