Broadcom Inc. $AVGO Stock Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its stake in Broadcom Inc. (NASDAQ:AVGO) by 10.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 864,506 shares of the semiconductor manufacturer’s stock after acquiring an additional 79,451 shares during the quarter. Broadcom accounts for about 2.3% of QRG Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. QRG Capital Management Inc.’s holdings in Broadcom were worth $323,796,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AVGO. Fullerton Advisors LLC grew its position 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 valued at $616,000 after purchasing an additional 25 shares during the period. NORTHSTAR ASSET MANAGEMENT Co raised its position 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 worth $1,656,000 after purchasing an additional 25 shares during the last quarter. RFG Holdings Inc. raised its position 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 worth $2,631,000 after purchasing an additional 26 shares during the last quarter. Yukon Wealth Management Inc. lifted its stake in Broadcom by 1.1% in the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock valued at $774,000 after buying an additional 26 shares in the last quarter. Finally, NerdWallet Wealth Partners LLC lifted its stake in Broadcom by 2.6% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer’s stock valued at $399,000 after buying an additional 27 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of the firm’s 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 $12,072,413.88. This trade represents a 5.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $598,923.72. Following the transaction, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 53,492 shares of company stock valued at $20,840,292. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Oppenheimer reiterated an “outperform” rating and set a $535.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. Rosenblatt Securities initiated coverage on Broadcom in a research report on Thursday, September 3rd. They issued a “buy” rating and a $600.00 target price on the stock. Truist Financial lowered their price target on Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. BMO Capital Markets boosted their price target on Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, Erste Group Bank reissued a “hold” rating on shares of Broadcom in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $509.04.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-AI-chip and networking businesses continue to attract bullish attention. Coverage highlights management’s projections for approximately $115 billion in AI semiconductor revenue in fiscal 2027 and $230 billion in fiscal 2028, with inference demand and hyperscaler-designed chips providing potential growth beyond Nvidia’s training-chip market. Elon Musk Is Going All In on Nvidia, but Are These Two Chip Stocks Better Buys?
• Positive Sentiment: Several analysts and investor-focused articles continue to view AVGO favorably, citing its strong AI exposure, major customers, dividend growth and recent earnings momentum. Broadcom’s latest quarterly results exceeded consensus estimates for both earnings and revenue, while revenue increased sharply year over year. A top chip stock analyst sees big things for Nvidia, Broadcom
• Neutral Sentiment: Broadcom’s chief executive continues to defend the company’s approximately $350 billion AI-chip outlook, arguing that customer relationships focused on inference support continued spending even if some AI companies call for slower frontier-model development. Delivering that forecast remains the key test for the investment case. Broadcom CEO Holds $350B Outlook Strong
• Negative Sentiment: China is reportedly reviewing Broadcom networking switches used in state-backed data centers as Beijing seeks to promote domestic semiconductor suppliers and reduce reliance on foreign AI infrastructure. The review raises potential regulatory, market-access and customer-concentration concerns. China surveys Broadcom switch use in state data centers
• Negative Sentiment: The broader market also pressured semiconductor shares as rising oil prices and Treasury yields ended a four-session equity rally. With AVGO trading below its 50-day and 200-day moving averages and at an elevated earnings multiple, investors may be taking profits or demanding clearer evidence that aggressive AI forecasts can be achieved. Why are Intel, AMD, Broadcom stocks down on Wednesday?

Broadcom Price Performance

AVGO stock traded down $9.55 during mid-day trading on Wednesday, reaching $354.99. The company’s stock had a trading volume of 22,932,577 shares, compared to its average volume of 25,303,502. 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 company’s 50 day moving average is $377.99 and its two-hundred day moving average is $380.11. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The stock has a market cap of $1.69 trillion, a PE ratio of 45.34 and a beta of 1.44.

Broadcom (NASDAQ:AVGO) last issued 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. The business had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The business’s revenue for the quarter was up 85.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.69 EPS. Equities research analysts expect that Broadcom Inc. will post 10.36 EPS for the current year.

Broadcom Announces Dividend

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

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.