Broadcom Inc. $AVGO Stake Raised by Andra AP fonden

Key Points

• Andra AP fonden increased its Broadcom stake by 25.9% in the second quarter, adding 168,260 shares to reach 817,960 shares valued at approximately $309 million. Broadcom now represents 3.4% of the fund’s portfolio, while institutional investors own 76.43% of AVGO.
• Broadcom reported quarterly revenue of $29.59 billion, up 85.5% year over year, and adjusted EPS of $3.32, beating analyst estimates. Its custom AI-chip business remains a major growth catalyst, with management projecting $115 billion in AI semiconductor revenue for fiscal 2027.
• Analysts maintain a broadly positive outlook, with an average “Moderate Buy” rating and a $509.04 price target, though AVGO trades below its 50-day and 200-day moving averages and faces valuation and semiconductor-cycle risks. The company also declared a quarterly dividend of $0.65 per share.

Andra AP fonden increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 25.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 817,960 shares of the semiconductor manufacturer's stock after purchasing an additional 168,260 shares during the period. Broadcom makes up 3.4% of Andra AP fonden's portfolio, making the stock its 4th largest holding. Andra AP fonden's holdings in Broadcom were worth $308,984,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Fullerton Advisors LLC raised its stake in Broadcom by 1.3% in the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer's stock worth $616,000 after buying an additional 25 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co raised its position in shares of Broadcom by 0.5% in the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer's stock worth $1,656,000 after acquiring an additional 25 shares in the last quarter. RFG Holdings Inc. lifted its stake in shares of Broadcom by 0.3% during the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer's stock worth $2,631,000 after purchasing an additional 26 shares during the last quarter. Yukon Wealth Management Inc. lifted its stake in shares of Broadcom by 1.1% during the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer's stock worth $774,000 after purchasing an additional 26 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC boosted its position in Broadcom by 2.6% during the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer's stock valued at $399,000 after purchasing an additional 27 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom AI-chip opportunity remains the primary catalyst. Management projects approximately $115 billion in AI semiconductor revenue for fiscal 2027 and $230 billion for fiscal 2028, highlighting substantial expected demand from hyperscale customers. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Recent coverage characterizes Broadcom as a high-quality growth and AI stock, citing its ninth consecutive earnings beat and triple-digit year-over-year AI revenue growth. Analysts and financial commentators argue that the stock’s relatively muted 2026 performance does not reflect the scale of its earnings opportunity. Broadcom's AI Opportunity Is Bigger Than Its Stock Price Suggests
• Positive Sentiment: Broadcom’s CEO pushed back against concerns that the AI boom is slowing and reaffirmed the company’s targets. Anthropic is expected to become a major customer for Broadcom’s custom silicon, strengthening the company’s exposure to leading AI developers. Our Targets Haven’t Changed: Broadcom’s CEO Pushes Back on the AI Slowdown Scare
• Positive Sentiment: Investors also receive income support: Broadcom’s next quarterly dividend is scheduled for payment on September 30 to eligible shareholders. Its dividend, combined with AI exposure, has led several articles to identify AVGO as an attractive income-and-growth holding. Broadcom to Pay Dividends on September 30
• Neutral Sentiment: Despite the bullish outlook, AVGO trades below both its 50-day and 200-day moving averages, indicating that momentum has not fully recovered. Its high valuation means continued gains will likely depend on Broadcom converting its AI forecasts into sustained revenue and profit growth. Chip Trillionaires Club
• Negative Sentiment: Some comparative analysis favors NVIDIA over Broadcom, Micron and AMD, citing valuation and semiconductor-cycle risks. This could limit near-term upside if investors rotate toward companies viewed as having stronger risk-adjusted AI exposure. Chip Trillionaires Club

Analysts Set New Price Targets

AVGO has been the subject of a number of recent research reports. Bank of America boosted their target price on shares of Broadcom from $450.00 to $530.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. Piper Sandler started coverage on shares of Broadcom in a research report on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 price objective on the stock. Weiss Ratings cut shares of Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Susquehanna restated a "positive" rating and issued a $490.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, May 28th. Finally, Dbs Bank raised shares of Broadcom to a "moderate buy" rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has an average rating of "Moderate Buy" and an average price target of $509.04.

Broadcom Stock Up 0.2%

Shares of AVGO traded up $0.67 during mid-day trading on Tuesday, hitting $363.33. 9,092,236 shares of the company traded hands, compared to its average volume of 25,251,098. The company has a market capitalization of $1.73 trillion, a PE ratio of 46.40 and a beta of 1.44. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $378.48 and a 200 day moving average of $379.78. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00.

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

Broadcom Dividend Announcement

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

Insider Buying and Selling

In other news, Director Justine Page sold 1,602 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the transaction, the director directly owned 17,426 shares of the company's stock, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the firm's stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 53,492 shares of company stock worth $20,840,292 in the last 90 days. Insiders own 1.90% of the company's stock.

About Broadcom

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.