Broadcom Inc. $AVGO is Supplemental Annuity Collective Trust of NJ's 9th Largest Position

Key Points

• Supplemental Annuity Collective Trust of NJ reduced its stake in Broadcom by 9.4% in Q4 to 22,100 shares, making AVGO its 9th-largest position worth about $7.65 million (~2.0% of the fund).
• Broadcom is benefiting from strong AI-driven demand and positive analyst attention—MarketBeat shows a consensus rating of "Moderate Buy" with an average price target of $435.30 after a quarter of 29.5% revenue growth and an EPS beat.
• Insiders have sold a total of 324,282 shares (~$106.4M) in the past 90 days even as institutional ownership remains high at 76.43%, reflecting heavy institutional involvement alongside notable insider exits.

Supplemental Annuity Collective Trust of NJ lowered its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,100 shares of the semiconductor manufacturer's stock after selling 2,300 shares during the period. Broadcom comprises about 2.0% of Supplemental Annuity Collective Trust of NJ's portfolio, making the stock its 9th largest position. Supplemental Annuity Collective Trust of NJ's holdings in Broadcom were worth $7,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nichols & Pratt Advisers LLP MA raised its holdings in shares of Broadcom by 18.3% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 3,167 shares of the semiconductor manufacturer's stock valued at $1,096,000 after purchasing an additional 490 shares during the last quarter. Elevated Financial Group LLC purchased a new stake in shares of Broadcom in the fourth quarter valued at about $343,000. Dumont & Blake Investment Advisors LLC purchased a new stake in shares of Broadcom in the fourth quarter valued at about $203,000. Simon Quick Advisors LLC raised its holdings in shares of Broadcom by 8.0% in the fourth quarter. Simon Quick Advisors LLC now owns 29,426 shares of the semiconductor manufacturer's stock valued at $10,184,000 after purchasing an additional 2,183 shares during the last quarter. Finally, Facet Wealth Inc. grew its position in Broadcom by 91.5% during the fourth quarter. Facet Wealth Inc. now owns 13,953 shares of the semiconductor manufacturer's stock valued at $4,650,000 after buying an additional 6,667 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: AI demand thesis: Bernstein says AI agent-driven chip demand is “off the charts,” implying sustained revenue upside for Broadcom’s data‑center and AI product lines. Bernstein Analyst: AI Agents Drive Chip Demand ‘Off the Charts,' Supply Can't Keep Up
• Positive Sentiment: Company AI positioning: Analysis argues Broadcom’s AI engine and silicon roadmap could power the next decade, supporting higher-margin, recurring revenue potential. Broadcom's AI Engine Could Power The Next Decade
• Positive Sentiment: Macro/sector tailwind: Nasdaq strength and AI enthusiasm continue to spotlight AVGO alongside NVDA and MU as AI infrastructure winners, supporting multiple expansion potential. AI Enthusiasm Powers Nasdaq to All-Time High: 3 Stocks to Grab
• Positive Sentiment: Product catalyst: Broadcom launched a fourth wave of Wi‑Fi 8 chips and a 10G PON chip, broadening its broadband TAM and offering near-term revenue diversification outside pure AI silicon. Broadcom’s New Wi-Fi 8 Push Adds Another Leg To Growth Story
• Positive Sentiment: Institutional buying: Manning & Napier increased its AVGO stake, a signal of continued confidence from some asset managers. Manning & Napier Boosts Broadcom Stake by 22,013 Shares
• Neutral Sentiment: Upcoming catalyst: Broadcom set its Q2 FY2026 earnings release and conference call for June 3 — a formal moment for management to reset guidance and could spark volatility. Broadcom Inc. to Announce Second Quarter Fiscal Year 2026 Financial Results on Wednesday, June 3, 2026
• Neutral Sentiment: Analyst sentiment/coverage: Multiple outlets note bullish analyst recommendations on AVGO; useful for flows but may already be priced in and can produce headline-driven volatility. Wall Street Bulls Look Optimistic About Broadcom Inc. (AVGO): Should You Buy?
• Negative Sentiment: Near-term price pressure: A Zacks note flags that AVGO dipped more than the broader market today — consistent with profit taking and rotation despite the positive fundamentals. Why Broadcom Inc. (AVGO) Dipped More Than Broader Market Today

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. DA Davidson upgraded shares of Broadcom to a "hold" rating in a research report on Friday, February 13th. Seaport Research Partners restated a "neutral" rating on shares of Broadcom in a research report on Wednesday, April 8th. Weiss Ratings lowered shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company upgraded shares of Broadcom from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $410.00 to $430.00 in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

Broadcom Price Performance

AVGO stock opened at $416.41 on Tuesday. The firm has a 50 day moving average of $347.36 and a 200-day moving average of $349.79. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a 12 month low of $195.94 and a 12 month high of $429.31. The firm has a market capitalization of $1.97 trillion, a P/E ratio of 81.33, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same period last year, the business earned $1.60 earnings per share. Broadcom's revenue was up 29.5% compared to the same quarter last year. As a group, sell-side analysts predict that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Activity

In other news, insider S. Ram Velaga sold 38,841 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the completion of the transaction, the insider directly owned 96,147 shares in the company, valued at approximately $30,920,875.20. This trade represents a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 39,116 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the completion of the sale, the insider directly owned 74,626 shares in the company, valued at $24,000,467.86. This represents a 34.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 324,282 shares of company stock valued at $106,425,249 over the last ninety days. 1.90% of the stock is owned by insiders.

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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