Broadcom Inc. $AVGO is The Manufacturers Life Insurance Company's 9th Largest Position

Key Points

• The Manufacturers Life Insurance Company increased its Broadcom stake by 32.2% in the second quarter to 7.02 million shares worth approximately $2.49 billion, making AVGO its ninth-largest holding. Institutional investors collectively own 76.43% of Broadcom.
• Broadcom’s outlook is being driven by strong demand for custom AI chips, with management projecting substantial AI semiconductor revenue growth. However, hyperscalers developing their own accelerators remain a key risk.
• Analysts maintain a broadly positive view, with a consensus rating of “Moderate Buy” and an average price target of $509.04. Broadcom also reported quarterly revenue of $29.59 billion, up 85.5% year over year, and declared a quarterly dividend of $0.65 per share.

The Manufacturers Life Insurance Company boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 32.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,023,467 shares of the semiconductor manufacturer's stock after purchasing an additional 1,712,701 shares during the period. Broadcom makes up about 1.3% of The Manufacturers Life Insurance Company's investment portfolio, making the stock its 9th biggest holding. The Manufacturers Life Insurance Company owned approximately 0.15% of Broadcom worth $2,486,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Networth Advisors LLC boosted its stake in shares of Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 71 shares during the period. Harborfront Financial Group LLC acquired a new position in shares of Broadcom in the second quarter worth about $38,000. Cherry Tree Wealth Management LLC increased its holdings in Broadcom by 44.9% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock worth $45,000 after purchasing an additional 40 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of Broadcom in the 4th quarter valued at approximately $56,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $64,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip business is the central bullish catalyst. Management projects AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, as hyperscalers seek alternatives to standard GPUs to improve computing costs and efficiency. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Commentators including Jim Cramer view AVGO as potentially “too cheap to ignore” following a decline of roughly 30% from its yearly peak. The argument is that strong AI growth, repeated earnings beats, and a lower share price create an attractive risk-reward setup for long-term investors. Jim Cramer on Broadcom
• Positive Sentiment: Broadcom’s CEO Hock Tan reportedly expressed strong confidence despite recent AI-related market fears. The company also benefits from continued semiconductor-sector strength and expectations that AI infrastructure investment will remain elevated. Broadcom CEO Hock Tan says he isn’t worried
• Neutral Sentiment: Investor attention is unusually high, with multiple reports highlighting AVGO as one of the most-watched stocks. These articles largely recap existing earnings and valuation themes rather than announce a new company-specific development. Broadcom is Attracting Investor Attention
• Negative Sentiment: Risks include hyperscalers developing their own AI accelerators, which could reduce reliance on outside suppliers. Meta, for example, could save billions by using internally designed chips. Broadcom’s VMware and enterprise-software growth story also has mixed industry evidence, making the AI forecast the more important driver for the stock. Meta Can Save $8.5 Billion by Using Its Own Chips

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Lake Street Capital raised shares of Broadcom to a "buy" rating in a research report on Thursday, September 3rd. Rosenblatt Securities started coverage on Broadcom in a report on Thursday, September 3rd. They issued a "buy" rating and a $600.00 price target for the company. Mizuho increased their target price on shares of Broadcom from $480.00 to $530.00 and gave the stock an "outperform" rating in a report on Thursday, June 4th. Susquehanna restated a "positive" rating and issued a $490.00 price target (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Finally, Weiss Ratings lowered Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has an average rating of "Moderate Buy" and a consensus price target of $509.04.

Insiders Place Their Bets

In other Broadcom news, Director Gayla Delly sold 1,890 shares of the company's stock in a transaction 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 transaction, the director owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the sale, 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 53,492 shares of company stock worth $20,840,292. 1.90% of the stock is owned by insiders.

Broadcom Stock Up 3.0%

Shares of AVGO stock opened at $357.67 on Friday. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The business's fifty day moving average is $378.91 and its 200-day moving average is $379.01. The stock has a market cap of $1.71 trillion, a PE ratio of 45.68 and a beta of 1.44.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.Broadcom's revenue was up 85.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.69 earnings per share. Equities analysts expect that Broadcom Inc. will post 10.36 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

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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