Broadcom Inc. $AVGO is Mitsubishi UFJ Trust & Banking Corp's 8th Largest Position

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its Broadcom stake by 4.2%, selling 92,950 shares to hold 2,099,299 shares, making AVGO its 8th-largest position worth about $726.6 million (≈1.7% of the firm's holdings).
• Broadcom is benefiting from AI tailwinds—announcing VMware Cloud Foundation 9.1 and receiving bullish analyst moves—leaving a MarketBeat consensus of "Moderate Buy" with an average target of $435.30.
• Insiders sold 324,282 shares (~$106.4M) over the last quarter while institutions own 76.43% of the stock; Broadcom recently beat Q2 estimates (EPS $2.05 vs. $2.03) with revenue $19.31B, and a market cap of about $2.02 trillion.

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,099,299 shares of the semiconductor manufacturer's stock after selling 92,950 shares during the quarter. Broadcom accounts for about 1.7% of Mitsubishi UFJ Trust & Banking Corp's holdings, making the stock its 8th biggest holding. Mitsubishi UFJ Trust & Banking Corp's holdings in Broadcom were worth $726,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Miller Global Investments LLC purchased a new position in Broadcom during the fourth quarter worth about $31,000. JCIC Asset Management Inc. purchased a new position in Broadcom during the third quarter worth about $31,000. Nvest Wealth Strategies Inc. purchased a new position in Broadcom during the fourth quarter worth about $33,000. Family CFO Inc purchased a new position in Broadcom during the fourth quarter worth about $35,000. Finally, Manning & Napier Advisors LLC purchased a new position in Broadcom during the third quarter worth about $34,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom announced VMware Cloud Foundation 9.1, positioning AVGO to capture more spend tied to production AI infrastructure (software + hardware stack synergy could improve enterprise contract value). Broadcom Announces VMware Cloud Foundation 9.1
• Positive Sentiment: Bernstein commentary that AI agent demand is “off the charts” supports upside for leading chip suppliers, a bullish demand signal that benefits Broadcom’s data-center and AI infrastructure businesses. Bernstein Analyst: AI Agents Drive Chip Demand ‘Off the Charts'
• Positive Sentiment: Multiple outlets highlight Broadcom as an AI beneficiary (Zacks, Yahoo, Seeking Alpha), reinforcing positive sentiment and analyst interest that can lift the stock on flows and upgrades. Broadcom Inc. (AVGO) is an Incredible Growth Stock: 3 Reasons Why
• Neutral Sentiment: Sector and ETF momentum (strong gains in semiconductor/AI ETFs) is amplifying flows into leading chip names, which can lift AVGO even without company-specific catalysts. Up 160% in One Month, This AI ETF Can Still 5X
• Neutral Sentiment: Broadcom set its Q2 FY2026 earnings release date (June 3); the scheduled report keeps attention on upcoming guidance and could sustain trading volume. Broadcom Inc. to Announce Second Quarter Fiscal Year 2026 Financial Results on Wednesday, June 3, 2026
• Negative Sentiment: Recent coverage noted a prior intraday dip where AVGO fell more than the broader market — a reminder of volatility and that shares can swing on short-term profit-taking. Why Broadcom Inc. (AVGO) Dipped More Than Broader Market Today

Analysts Set New Price Targets

Several research analysts have weighed in on AVGO shares. Morgan Stanley increased their target price on shares of Broadcom from $462.00 to $470.00 and gave the stock an "overweight" rating in a research note on Friday, March 6th. DA Davidson raised shares of Broadcom to a "hold" rating in a research note on Friday, February 13th. Rosenblatt Securities reissued a "buy" rating and set a $500.00 price target on shares of Broadcom in a research report on Tuesday, April 7th. Mizuho reissued an "outperform" rating and set a $480.00 price target on shares of Broadcom in a research report on Thursday, April 16th. Finally, Seaport Research Partners reissued a "neutral" rating on shares of Broadcom in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and an average target price of $435.30.

Insider Transactions at Broadcom

In related news, insider Charlie B. Kawwas sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $345.23, for a total value of $3,452,300.00. Following the sale, the insider owned 787,184 shares of the company's stock, valued at $271,759,532.32. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Justine Page sold 2,018 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director directly owned 18,164 shares in the company, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 324,282 shares of company stock valued at $106,425,249 over the last quarter. Insiders own 1.90% of the company's stock.

Broadcom Stock Up 2.6%

Shares of AVGO opened at $427.38 on Wednesday. The stock has a market capitalization of $2.02 trillion, a PE ratio of 83.47, a P/E/G ratio of 0.86 and a beta of 1.43. Broadcom Inc. has a 1 year low of $195.94 and a 1 year high of $433.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The company's 50-day simple moving average is $349.25 and its 200-day simple moving average is $350.33.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business's quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 earnings per share. Analysts forecast that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.6%. Broadcom's dividend payout ratio (DPR) is 50.78%.

About Broadcom

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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