2,032 Broadcom Inc. $AVGO Shares Acquired by Cim Investment Management Inc.

Cim Investment Management Inc. boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.7% during the second quarter, Holdings Channel.com reports. The fund owned 22,900 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,032 shares during the period. Broadcom comprises 2.0% of Cim Investment Management Inc.’s investment portfolio, making the stock its 8th largest position. Cim Investment Management Inc.’s holdings in Broadcom were worth $8,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. State Street Corp boosted its holdings in shares of Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock worth $75,367,711,000 after buying an additional 16,651,378 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Broadcom by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock valued at $38,396,634,000 after acquiring an additional 1,548,699 shares during the period. Norges Bank bought a new position in Broadcom during the fourth quarter worth $24,252,196,000. Bank of America Corp DE boosted its stake in Broadcom by 4.6% during the second quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock worth $23,202,543,000 after acquiring an additional 2,685,916 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Broadcom by 3.8% in 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 purchasing an additional 1,892,721 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of Broadcom 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 transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,890 shares of company stock worth $20,241,368 over the last three months. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of research analyst reports. Bank of America cut their price objective on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Weiss Ratings lowered Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Sanford C. Bernstein reissued a “buy” rating on shares of Broadcom in a research note on Monday, September 21st. TD Cowen restated a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Finally, New Street Research increased their target price on Broadcom from $420.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $527.20.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is being highlighted as a potentially undervalued semiconductor and AI-infrastructure stock. Its role in developing custom AI accelerators for hyperscale customers supports the long-term growth narrative, particularly because the shares have lagged some peers. This Semiconductor Stock Is a Bargain; Seize It With This ETF
• Positive Sentiment: Analysts cited in recent coverage have continued raising Broadcom’s price targets, with one report showing an average target of $527.20. That implies substantial potential upside from recent trading levels and reinforces bullish sentiment. Broadcom Inc. Stock Has Average Target Price of $527.20
• Positive Sentiment: Broadcom has increased its annual dividend for 15 consecutive years, most recently by 10% in December 2025. Strong free-cash-flow generation through the first three quarters of fiscal 2026 raises expectations for another dividend increase, typically announced in December. Broadcom’s Dividend Has Grown About 90-Fold Since 2010
• Neutral Sentiment: Broadcom has attracted increased attention from Zacks users, but the report mainly reviews factors affecting the company’s outlook rather than announcing a new fundamental development. Broadcom Inc. Is Attracting Investor Attention
• Negative Sentiment: Broadcom has substantially underperformed Marvell in the custom-AI-chip trade this year, highlighting investor concerns that its strong growth prospects may already be reflected in the valuation. The stock also remains below its reported 50-day and 200-day moving averages, suggesting lingering technical pressure. Marvell vs. Broadcom: Which Custom AI Chip Stock Has More Room to Run?

Broadcom Stock Up 1.6%

AVGO traded up $5.53 during midday trading on Tuesday, reaching $355.10. 18,945,171 shares of the company were exchanged, compared to its average volume of 25,179,324. The company has a market cap of $1.70 trillion, a price-to-earnings ratio of 45.35 and a beta of 1.44. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The company’s fifty day moving average price is $375.79 and its 200 day moving average price is $380.50. 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 (NASDAQ:AVGO) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the previous year, the firm earned $1.69 earnings per share. Broadcom’s quarterly revenue was up 85.5% on a year-over-year basis. As a group, analysts expect that Broadcom Inc. will post 10.36 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is currently 33.21%.

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.