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

State Street Corp boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,031,610 shares of the semiconductor manufacturer’s stock after buying an additional 16,651,378 shares during the period. Broadcom makes up about 1.5% of State Street Corp’s investment portfolio, making the stock its 8th largest holding. State Street Corp owned 4.36% of Broadcom worth $75,367,711,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Networth Advisors LLC boosted its stake in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Core Capital Management & Research inc. bought a new stake in Broadcom during the 2nd quarter valued at about $31,000. Harborfront Financial Group LLC purchased a new position in Broadcom in the second quarter worth about $38,000. Cherry Tree Wealth Management LLC raised its holdings in Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock worth $45,000 after buying an additional 40 shares during the last quarter. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Broadcom in the fourth quarter worth approximately $56,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Justine Page sold 1,602 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,492 shares of company stock worth $20,840,292 in the last quarter. Company insiders own 1.90% of the company’s stock.

Key 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

Analyst Ratings Changes

Several brokerages recently weighed in on AVGO. Piper Sandler began coverage on shares of Broadcom in a research report on Wednesday, September 9th. They set an “overweight” rating and a $460.00 price target for the company. Morgan Stanley restated an “overweight” rating and issued a $505.00 price target (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. Citigroup reaffirmed a “buy” rating and set a $515.00 price target (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. JPMorgan Chase & Co. increased their price objective on Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $515.00 price objective (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $509.04.

Broadcom Stock Performance

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

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate 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%.Broadcom’s revenue was up 85.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 earnings per share. On average, equities analysts forecast that Broadcom Inc. will post 10.36 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is presently 33.21%.

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.