Securian Asset Management Inc. lessened its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,814 shares of the semiconductor manufacturer's stock after selling 2,809 shares during the quarter. Broadcom comprises approximately 1.7% of Securian Asset Management Inc.'s investment portfolio, making the stock its 10th largest holding. Securian Asset Management Inc.'s holdings in Broadcom were worth $46,655,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its position in Broadcom by 1.5% during the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer's stock valued at $18,179,719,000 after acquiring an additional 894,564 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in Broadcom by 129.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer's stock worth $34,061,000 after purchasing an additional 62,050 shares in the last quarter. First Bank & Trust grew its stake in shares of Broadcom by 17.2% during the 2nd quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer's stock worth $3,968,000 after purchasing an additional 1,545 shares during the period. Fifth Lane Capital LP grew its stake in shares of Broadcom by 77.8% during the 4th quarter. Fifth Lane Capital LP now owns 4,000 shares of the semiconductor manufacturer's stock worth $1,384,000 after purchasing an additional 1,750 shares during the period. Finally, Wealthcare Capital Partners LLC increased its holdings in shares of Broadcom by 36.4% during the 2nd quarter. Wealthcare Capital Partners LLC now owns 4,407 shares of the semiconductor manufacturer's stock valued at $1,665,000 after purchasing an additional 1,176 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Broadcom
In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of the business's stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 194,989 shares of the company's stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is currently owned by corporate insiders.
Broadcom Stock Performance
NASDAQ:AVGO opened at $379.83 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24. The stock has a market capitalization of $1.81 trillion, a PE ratio of 63.31, a P/E/G ratio of 0.75 and a beta of 1.45. Broadcom Inc. has a fifty-two week low of $281.87 and a fifty-two week high of $495.00. The company has a fifty day moving average of $389.46 and a two-hundred day moving average of $374.39.
Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.04. The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company's revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 earnings per share. As a group, research analysts forecast that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.
Broadcom Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, June 22nd. Broadcom's payout ratio is presently 43.33%.
Key Stories Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom’s custom AI accelerator business continues to gain traction, while its partnership with Alphabet on custom silicon and infrastructure supporting Anthropic workloads reinforces expectations for sustained AI-related demand. Broadcom vs. Nvidia: 1 Metric Shows Which AI Chipmaker Is the Better Bargain
- Positive Sentiment: Analyst sentiment remains broadly constructive. Broadcom received a Zacks Rank upgrade to Buy, and the average analyst price target implies substantial upside, supported by rising earnings estimates. Broadcom Inc. Upgraded to Buy
- Positive Sentiment: The company is scheduled to pay its regular quarterly dividend of $0.65 per share on September 30, providing continued shareholder income. Broadcom to Pay Dividends Next Month
- Neutral Sentiment: VMware Explore 2026 will showcase private-cloud and AI capabilities, potentially highlighting growth opportunities for Broadcom’s VMware business, although the event has not yet provided a material financial update. VMware Explore 2026
- Negative Sentiment: Several comparisons favor Astera Labs over Broadcom because of Astera’s faster growth, improving estimates, and exposure to AI connectivity demand. This may encourage investors to rotate toward smaller AI infrastructure stocks. ALAB vs. AVGO
- Negative Sentiment: Reports that hedge funds reduced or exited Broadcom positions during the second quarter, including shifts into other semiconductor names, are adding to selling pressure and weakening institutional sentiment. Hedge Funds Turn Bearish on Broadcom
- Negative Sentiment: Investors remain concerned about a reported VMware vCenter Syslog Server security vulnerability, AI funding uncertainty, and the possibility that rising AI infrastructure costs could pressure margins. These risks are particularly important given AVGO’s elevated valuation. Broadcom Bounce and VMware Concerns
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. UBS Group set a $485.00 price target on shares of Broadcom and gave the stock a "buy" rating in a report on Thursday, June 4th. Susquehanna reiterated a "positive" rating and issued a $490.00 price objective (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $500.00 to $580.00 and gave the stock an "overweight" rating in a research note on Thursday, June 4th. Wall Street Zen cut Broadcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Finally, Jefferies Financial Group set a $550.00 price target on Broadcom and gave the company a "buy" rating in a research note on Thursday, June 4th. Twenty-eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $493.24.
Check Out Our Latest Analysis on Broadcom
Broadcom Profile
(
Free Report)
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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