244,502 Broadcom Inc. $AVGO Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in Broadcom Inc. (NASDAQ:AVGO) by 3.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,589,736 shares of the semiconductor manufacturer’s stock after buying an additional 244,502 shares during the period. Broadcom comprises approximately 2.6% of Pictet Asset Management Holding SA’s holdings, making the stock its 5th largest holding. Pictet Asset Management Holding SA’s holdings in Broadcom were worth $2,665,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position 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 period. Bank of America Corp DE grew its position in shares of Broadcom by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock worth $23,202,543,000 after buying an additional 2,685,916 shares during the period. Wellington Management Group LLP raised its stake in shares of Broadcom by 3.8% during the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock worth $19,484,611,000 after buying an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Broadcom by 2.9% during 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 worth $15,178,195,000 after buying an additional 1,140,598 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Broadcom during the second quarter worth approximately $11,998,148,000. 76.43% of the stock is currently owned by institutional investors.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: A broader recovery in AI and chip shares helped lift Broadcom after concerns about data-center expansion and AI regulation contributed to the recent sell-off. Falling oil prices also supported the wider market. Why is Broadcom stock surging?
• Positive Sentiment: Coverage of Google’s large chip-spending forecast renewed focus on Broadcom’s role in custom AI chips. Broadcom is developing custom processors that could help Google and OpenAI meet AI-computing needs beyond reliance on GPUs. The Real Winner of Google’s Chip Forecast: Broadcom
• Positive Sentiment: Several investment articles argued that Broadcom’s AI and custom-chip prospects could support substantial upside, despite its recent share-price weakness. These are bullish opinions, not company guidance. Broadcom: Despite Two Fearful Narratives, Big Healthy Upside
• Neutral Sentiment: Broadcom said it will report fourth-quarter and fiscal 2026 results after the market closes on December 9. The date sets a potential upcoming catalyst but provides no new financial results. Broadcom earnings announcement
• Neutral Sentiment: Broadcom contributed its VM API project to the Cloud Native Computing Foundation Sandbox, an open-source ecosystem development that may support its software presence but is not an immediate earnings catalyst. Broadcom contributes VM API project to CNCF
• Negative Sentiment: Risks remain: articles cited margin pressure and a sizable financing structure as concerns, while debate over data-center permitting, policy and AI infrastructure debt could weigh on the chip trade. That makes the recent recovery vulnerable if investor concerns return. Broadcom analyst outlook and risks

Broadcom Stock Up 8.8%

NASDAQ:AVGO opened at $319.48 on Tuesday. The stock has a 50-day moving average price of $346.90 and a two-hundred day moving average price of $366.13. Broadcom Inc. has a 1 year low of $289.77 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 stock has a market cap of $1.53 trillion, a price-to-earnings ratio of 40.80 and a beta of 1.49.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion for 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%. The company’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.69 earnings per share. As a group, equities analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Analysts Set New Price Targets

AVGO has been the topic of a number of recent research reports. Citigroup cut shares of Broadcom from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 27th. William Blair downgraded Broadcom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 27th. Lake Street Capital upgraded Broadcom to a “buy” rating in a research report on Thursday, September 3rd. Sanford C. Bernstein reiterated a “buy” rating on shares of Broadcom in a report on Monday, September 21st. Finally, Jefferies Financial Group assumed coverage on Broadcom in a report on Thursday, September 3rd. They issued a “buy” rating and a $550.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $530.52.

Broadcom Profile

Broadcom Inc is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics.

Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.