Liberty Atlantic Advisors LLC bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,463 shares of the semiconductor manufacturer’s stock, valued at approximately $514,000.
A number of other institutional investors have also made changes to their positions in the business. State Street Corp lifted its holdings in Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock valued at $75,367,711,000 after purchasing an additional 16,651,378 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Broadcom by 4.6% in the second quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock valued at $23,202,543,000 after purchasing an additional 2,685,916 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Broadcom by 3.8% in the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock valued at $19,484,611,000 after purchasing an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Broadcom by 2.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer’s stock valued at $15,178,195,000 after purchasing an additional 1,140,598 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of Broadcom in the second quarter valued at about $11,998,148,000. 76.43% of the stock is owned by institutional investors and hedge funds.
Broadcom Stock Up 0.7%
Shares of NASDAQ AVGO opened at $357.31 on Wednesday. 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 52 week low of $289.96 and a 52 week high of $495.00. The stock has a market capitalization of $1.71 trillion, a P/E ratio of 45.63 and a beta of 1.46. The stock’s fifty day moving average is $369.27 and its 200 day moving average is $383.32.
Broadcom Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a dividend of $0.65 per share. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio is presently 33.21%.
Analysts Set New Price Targets
Several brokerages recently commented on AVGO. Wall Street Zen downgraded shares of Broadcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. The Goldman Sachs Group increased their price target on shares of Broadcom from $525.00 to $540.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Raymond James Financial reissued an “outperform” rating and issued a $475.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. Royal Bank Of Canada began coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set an “outperform” rating for the company. Finally, Cantor Fitzgerald boosted their price objective on Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and a consensus price target of $527.20.
Get Our Latest Stock Analysis on AVGO
Trending Headlines about Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom is preparing to launch an AI networking platform at the OCP Global Summit 2026. The announcement reinforces expectations that the company can benefit from hyperscaler demand for custom AI infrastructure and networking equipment. Broadcom To Launch AI Networking Platform At OCP Global Summit 2026
- Positive Sentiment: Erste Group Bank modestly raised its FY2027 EPS forecast for Broadcom to $17.59 from $17.54. Although the firm maintained a “Hold” rating, the estimate increase signals continued confidence in the company’s earnings growth. Erste Group Bank Raises Broadcom EPS Estimate
- Positive Sentiment: Broadcom introduced VMware HyperArmor, a security product designed to protect the ESX hypervisor within VMware Cloud Foundation. The release could strengthen the company’s infrastructure-software offering and support cross-selling to enterprise customers. Broadcom Introduces VMware HyperArmor
- Neutral Sentiment: CEO Hock Tan cautioned that capital availability, rather than memory-chip supply, may be the largest near-term constraint on AI expansion. His comments highlight demand risks but also underscore the scale of Broadcom’s AI opportunity. Broadcom CEO Identifies Capital Constraints
- Negative Sentiment: Broadcom remains under pressure after retreating sharply from its record high, despite reported AI-chip revenue of $16.7 billion. The decline reflects profit-taking, elevated expectations and investor concern that AI spending may not justify the stock’s premium valuation. Broadcom Stock Down From Peak Despite AI Revenue
- Negative Sentiment: Broader semiconductor-equipment stocks sold off as investors locked in gains from the AI rally, creating a negative read-through for chip-related names, including AVGO. Semiconductor Equipment Stocks Slide
Broadcom Profile
Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.
The company’s semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.
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