Broadcom Inc. $AVGO Holdings Increased by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG increased its Broadcom stake by 11.1% in the second quarter to 353,809 shares valued at approximately $133.7 million. Institutional investors collectively own 76.43% of AVGO.
• Broadcom reported quarterly EPS of $2.44, exceeding estimates, while revenue rose 47.9% year over year to $22.19 billion. The company also declared a quarterly dividend of $0.65 per share, equivalent to a 0.7% yield.
• Analysts remain broadly bullish, with 29 Buy ratings and a consensus “Moderate Buy” rating alongside a $491.97 price target. However, potential debt-funded AI expansion and increasing competition from Marvell’s Google partnership present risks.

Bank Pictet & Cie Europe AG raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 353,809 shares of the semiconductor manufacturer's stock after purchasing an additional 35,335 shares during the period. Broadcom accounts for 2.6% of Bank Pictet & Cie Europe AG's portfolio, making the stock its 9th largest position. Bank Pictet & Cie Europe AG's holdings in Broadcom were worth $133,651,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Gray Private Wealth LLC lifted its stake in Broadcom by 32.7% during the 2nd quarter. Gray Private Wealth LLC now owns 1,423 shares of the semiconductor manufacturer's stock valued at $538,000 after acquiring an additional 351 shares during the period. Provenance Wealth Advisors LLC lifted its holdings in Broadcom by 25.8% in the second quarter. Provenance Wealth Advisors LLC now owns 2,310 shares of the semiconductor manufacturer's stock valued at $873,000 after acquiring an additional 474 shares during the period. Munich Reinsurance Co Stock Corp in Munich lifted its holdings in Broadcom by 15.9% in the second quarter. Munich Reinsurance Co Stock Corp in Munich now owns 388,246 shares of the semiconductor manufacturer's stock valued at $146,660,000 after acquiring an additional 53,138 shares during the period. Mizuho Markets Americas LLC boosted its position in Broadcom by 4.8% in the second quarter. Mizuho Markets Americas LLC now owns 32,734 shares of the semiconductor manufacturer's stock worth $12,365,000 after purchasing an additional 1,513 shares during the last quarter. Finally, PICTET BANK & TRUST Ltd grew its stake in shares of Broadcom by 33.5% during the 2nd quarter. PICTET BANK & TRUST Ltd now owns 5,953 shares of the semiconductor manufacturer's stock valued at $2,249,000 after purchasing an additional 1,495 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Trading Up 1.2%

AVGO stock opened at $368.45 on Friday. Broadcom Inc. has a twelve month low of $287.17 and a twelve month high of $495.00. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 61.41, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The firm's fifty day simple moving average is $388.57 and its two-hundred day simple moving average is $374.80.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.04. The firm had revenue of $22.19 billion during the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business's revenue was up 47.9% on a year-over-year basis. During the same quarter last year, the business earned $1.58 EPS. As a group, analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 43.33%.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI financing deal could expand Broadcom’s growth opportunity: Broadcom is reportedly discussing $70 billion to $80 billion of debt financing—potentially approaching $100 billion—to provide AI chips to Anthropic and other companies. The arrangement could support substantial future chip demand, although the financing remains under discussion. Broadcom debt deal expected to reach upwards of $70 billion
• Positive Sentiment: Analysts remain constructive: BMO initiated coverage with an “outperform” rating and a $455 price target, implying meaningful upside from recent levels. Other recent commentary also argues that Broadcom’s AI cycle and long-term custom-chip position could support further gains. Broadcom Stock Picks Up Another Lofty Bull Note
• Positive Sentiment: Strong AI demand underpins the bullish case: Reports cite approximately $30 billion in quarterly AI bookings and management’s goal of exceeding $100 billion in AI sales by 2027. Broadcom’s latest reported quarter also showed 47.9% year-over-year revenue growth, reinforcing the company’s momentum. Broadcom's AI Boom: Is a 2x Stock Gain Still Within Reach?
• Neutral Sentiment: Debt-funded expansion introduces execution and balance-sheet risk: Borrowing tens of billions of dollars could accelerate AI infrastructure growth, but it would also increase leverage and financing costs if customer demand or deal economics disappoint. Broadcom reportedly eyes nearly $100 billion debt package
• Negative Sentiment: Marvell’s Google partnership threatens Broadcom’s custom AI-chip dominance: Marvell’s agreement covers products connected to Google’s TPU ecosystem, including inference accelerators and networking components. Google also received warrants that could align it more closely with Marvell, raising concerns about future share loss for Broadcom despite Broadcom’s existing multiyear Google partnership. Marvell Constructs an AI Moat With Alphabet Warrants

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AVGO. JPMorgan Chase & Co. increased their price objective on shares of Broadcom from $500.00 to $580.00 and gave the stock an "overweight" rating in a research note on Thursday, June 4th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Broadcom in a research report on Monday, August 3rd. BMO Capital Markets initiated coverage on Broadcom in a research note on Thursday. They set an "outperform" rating and a $455.00 price objective for the company. DA Davidson lifted their target price on shares of Broadcom from $375.00 to $400.00 and gave the company a "neutral" rating in a research note on Thursday, June 4th. Finally, Zacks Research cut Broadcom from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Twenty-nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $491.97.

Insiders Place Their Bets

In related news, Director Justine Page sold 1,602 shares of the firm's stock in a transaction dated Monday, June 29th. The shares were 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 of the company's stock, valued at $6,514,884.36. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 61,644 shares of company stock worth $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 is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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