Royal London Asset Management Ltd. Has $1.42 Billion Position in Broadcom Inc. $AVGO

Royal London Asset Management Ltd. reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 7.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,763,485 shares of the semiconductor manufacturer’s stock after selling 299,988 shares during the quarter. Broadcom makes up about 2.6% of Royal London Asset Management Ltd.’s holdings, making the stock its 7th largest position. Royal London Asset Management Ltd.’s holdings in Broadcom were worth $1,421,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AVGO. Toth Financial Advisory Corp raised its position in shares of Broadcom by 4.4% in the second quarter. Toth Financial Advisory Corp now owns 34,043 shares of the semiconductor manufacturer’s stock valued at $12,860,000 after purchasing an additional 1,448 shares during the period. Mufg Securities Americas Inc. boosted its holdings in shares of Broadcom by 8.7% in the second quarter. Mufg Securities Americas Inc. now owns 142,602 shares of the semiconductor manufacturer’s stock worth $53,868,000 after acquiring an additional 11,436 shares during the period. Van ECK Associates Corp grew its position in shares of Broadcom by 5.5% in the second quarter. Van ECK Associates Corp now owns 14,830,051 shares of the semiconductor manufacturer’s stock valued at $5,602,052,000 after purchasing an additional 772,559 shares in the last quarter. Northstar Asset Management Inc. raised its stake in shares of Broadcom by 746.8% during the 2nd quarter. Northstar Asset Management Inc. now owns 7,130 shares of the semiconductor manufacturer’s stock valued at $2,693,000 after purchasing an additional 6,288 shares during the period. Finally, Ferguson Wellman Capital Management Inc. raised its stake in shares of Broadcom by 0.9% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 707,464 shares of the semiconductor manufacturer’s stock valued at $267,244,000 after purchasing an additional 6,399 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s latest results showed powerful AI momentum: AI semiconductor revenue increased 221% to $16.7 billion, while management raised its fiscal 2027 AI revenue outlook to approximately $115 billion, up from more than $100 billion previously. Some projections cited in the coverage point to $230 billion in AI revenue by fiscal 2028. Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Nvidia GPUs
• Positive Sentiment: Analysts continue to raise their expectations, with Cantor reportedly assigning a $600 price target. Bullish analysts argue that hyperscalers increasingly want custom accelerators, AI networking and complete data-center architectures—not only Nvidia GPUs—giving Broadcom a larger role in inference and other workloads. Top Analyst Sets $600 Broadcom Stock Target
• Positive Sentiment: A multi-generation Amazon AI-silicon agreement with Qualcomm also highlights the growing data-center market for custom chips. Although Qualcomm is the direct beneficiary, the deal reinforces the strategic importance of custom silicon and supports the broader investment case for Broadcom’s design and networking business. Qualcomm Amazon AI Silicon Deal
• Neutral Sentiment: The post-earnings reaction has been mixed because investors are scrutinizing near-term guidance, Broadcom’s share of customers’ tensor processing unit programs, and whether constrained chip supply can keep pace with demand. Wall Street remains broadly optimistic, but expectations are exceptionally high. Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
• Negative Sentiment: Bearish coverage points to margin pressure, customer concentration, supply constraints and a premium valuation—Broadcom trades at roughly 47 times earnings—leaving limited room for execution mistakes. These concerns help explain why strong earnings did not produce a uniformly positive market response. Broadcom Buy, Sell or Hold Analysis

Broadcom Stock Performance

Shares of AVGO opened at $368.56 on Wednesday. The company has a market cap of $1.75 trillion, a PE ratio of 47.07 and a beta of 1.44. 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 stock has a 50-day moving average price of $383.09 and a 200-day moving average price of $378.02. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business’s revenue for the quarter was up 85.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 EPS. As a group, equities analysts forecast that Broadcom Inc. will post 10.25 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.65 dividend. 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 (DPR) is presently 33.21%.

Analysts Set New Price Targets

AVGO has been the subject of several analyst reports. Evercore set a $578.00 target price on Broadcom in a research note on Thursday, September 3rd. Wells Fargo & Company reissued an “overweight” rating and issued a $545.00 price target (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Citigroup reaffirmed a “buy” rating and set a $515.00 price objective (up from $500.00) on shares of Broadcom in a research note on Friday. Rosenblatt Securities started coverage on shares of Broadcom in a report on Thursday, September 3rd. They set a “buy” rating and a $600.00 target price on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $535.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. Thirty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $504.93.

Insiders Place Their Bets

In other Broadcom news, Director Gayla Delly sold 1,890 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harry L. You acquired 1,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the transaction, the director owned 38,466 shares in the company, valued at approximately $14,369,743.62. This represents a 2.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 61,644 shares of company stock valued at $24,016,214 over the last three months. 1.90% of the stock is currently owned by corporate insiders.

Broadcom Company Profile

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.