Broadcom Inc. $AVGO is New Mexico Educational Retirement Board's 6th Largest Position

Key Points

• New Mexico Educational Retirement Board increased its Broadcom stake by 8.7% in the second quarter, owning 235,416 shares valued at approximately $88.9 million. Broadcom is now the board’s sixth-largest portfolio position, representing about 2.2% of its holdings.
• Broadcom exceeded quarterly expectations, reporting $3.32 in EPS and $29.59 billion in revenue, with revenue up 85.5% year over year. The company also declared a quarterly dividend of $0.65 per share, or a 0.7% annualized yield.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $504.93, driven by strong AI demand and rising custom-chip opportunities. However, investors remain cautious about the stock’s premium valuation, customer concentration, supply constraints and potential margin pressure.

New Mexico Educational Retirement Board boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,416 shares of the semiconductor manufacturer's stock after acquiring an additional 18,856 shares during the period. Broadcom comprises about 2.2% of New Mexico Educational Retirement Board's portfolio, making the stock its 6th largest position. New Mexico Educational Retirement Board's holdings in Broadcom were worth $88,928,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. ROSS JOHNSON & Associates LLC increased its holdings in Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 66 shares during the period. Networth Advisors LLC raised its stake in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 71 shares in the last quarter. SWAN Capital LLC lifted its holdings in Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 55 shares during the period. Harborfront Financial Group LLC bought a new stake in Broadcom during the 2nd quarter valued at $38,000. Finally, Cherry Tree Wealth Management LLC boosted its position in Broadcom by 44.9% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock valued at $45,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Trading Up 3.0%

Shares of Broadcom stock opened at $368.56 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The firm has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 47.07 and a beta of 1.44. The firm's 50 day simple moving average is $383.09 and its two-hundred day simple moving average is $378.02.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business's revenue for the quarter was up 85.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.69 earnings per share. Analysts predict that Broadcom Inc. will post 10.25 EPS for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom's payout ratio is presently 33.21%.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the sale, the director owned 17,426 shares of the company's stock, valued at $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the company's stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 61,644 shares of company stock worth $24,016,214 in the last 90 days. 1.90% of the stock is owned by company insiders.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s latest results showed powerful AI momentum: AI semiconductor revenue increased 221% to $16.7 billion, while management raised its fiscal 2027 AI revenue outlook to approximately $115 billion, up from more than $100 billion previously. Some projections cited in the coverage point to $230 billion in AI revenue by fiscal 2028. Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Nvidia GPUs
• Positive Sentiment: Analysts continue to raise their expectations, with Cantor reportedly assigning a $600 price target. Bullish analysts argue that hyperscalers increasingly want custom accelerators, AI networking and complete data-center architectures—not only Nvidia GPUs—giving Broadcom a larger role in inference and other workloads. Top Analyst Sets $600 Broadcom Stock Target
• Positive Sentiment: A multi-generation Amazon AI-silicon agreement with Qualcomm also highlights the growing data-center market for custom chips. Although Qualcomm is the direct beneficiary, the deal reinforces the strategic importance of custom silicon and supports the broader investment case for Broadcom’s design and networking business. Qualcomm Amazon AI Silicon Deal
• Neutral Sentiment: The post-earnings reaction has been mixed because investors are scrutinizing near-term guidance, Broadcom’s share of customers’ tensor processing unit programs, and whether constrained chip supply can keep pace with demand. Wall Street remains broadly optimistic, but expectations are exceptionally high. Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
• Negative Sentiment: Bearish coverage points to margin pressure, customer concentration, supply constraints and a premium valuation—Broadcom trades at roughly 47 times earnings—leaving limited room for execution mistakes. These concerns help explain why strong earnings did not produce a uniformly positive market response. Broadcom Buy, Sell or Hold Analysis

Analyst Upgrades and Downgrades

AVGO has been the subject of several recent research reports. Fox Advisors raised Broadcom to an "outperform" rating in a research report on Thursday, September 3rd. DA Davidson set a $350.00 price objective on Broadcom and gave the company a "neutral" rating in a research report on Friday. Lake Street Capital upgraded Broadcom to a "buy" rating in a research note on Thursday, September 3rd. Cantor Fitzgerald boosted their target price on shares of Broadcom from $525.00 to $600.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. Finally, BMO Capital Markets increased their price target on shares of Broadcom from $455.00 to $575.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Thirty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $504.93.

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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