Broadcom Inc. $AVGO Stock Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its Broadcom stake by 2.8% in the third quarter, bringing its holdings to 777,092 shares valued at approximately $272.9 million. Institutional investors and hedge funds collectively own 76.43% of AVGO.
• Broadcom reported quarterly earnings of $3.32 per share, beating estimates by $0.10, while revenue rose 85.5% year over year to $29.59 billion. The company also pays a quarterly dividend of $0.65 per share, yielding about 0.8% annually.
• Wall Street maintains a “Moderate Buy” consensus on Broadcom, with an average price target of $527.20, despite UBS downgrading the stock to “Hold.” Analysts continue to cite growth opportunities in AI chips, networking and infrastructure software.

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 777,092 shares of the semiconductor manufacturer's stock after purchasing an additional 20,893 shares during the quarter. Broadcom accounts for 1.8% of Sumitomo Mitsui DS Asset Management Company Ltd's portfolio, making the stock its 7th largest position. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Broadcom were worth $272,907,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AVGO. State Street Corp lifted its holdings in shares of Broadcom by 8.7% during the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock worth $75,367,711,000 after purchasing an additional 16,651,378 shares during the period. Bank of America Corp DE boosted its position in Broadcom by 4.6% in the second quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer's stock valued at $23,202,543,000 after buying an additional 2,685,916 shares during the last quarter. Wellington Management Group LLP boosted its position in Broadcom by 3.8% in the second quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer's stock valued at $19,484,611,000 after buying an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Broadcom by 2.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer's stock worth $15,178,195,000 after buying an additional 1,140,598 shares during the period. Finally, Legal & General Group Plc acquired a new position in Broadcom in the 2nd quarter worth approximately $11,998,148,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Up 1.0%

Shares of AVGO opened at $337.80 on Thursday. The company has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 43.14 and a beta of 1.46. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The stock's 50-day moving average price is $359.37 and its 200-day moving average price is $384.63. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. 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 earnings per share. Broadcom's quarterly revenue was up 85.5% on a year-over-year basis. On average, sell-side analysts predict that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Fox Advisors raised shares of Broadcom to an "outperform" rating in a research report on Thursday, September 3rd. BMO Capital Markets lifted their price objective on shares of Broadcom from $455.00 to $575.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. BNP Paribas Exane upped their price objective on shares of Broadcom from $675.00 to $715.00 and gave the company an "outperform" rating in a report on Friday, September 4th. Arete Research increased their price objective on shares of Broadcom from $488.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, UBS Group lowered shares of Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $527.20.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom launched Arcot Scam Defense, a feature designed to help financial institutions block AI-enhanced social-engineering fraud in card-not-present transactions. The product could strengthen Broadcom’s infrastructure-software portfolio and create additional enterprise demand. Broadcom Launches Arcot Scam Defense to Block Social Engineering Fraud
• Positive Sentiment: Broadcom’s 10-year agreement with NTT DOCOMO to advance the telecommunications company’s private cloud using VMware Cloud Foundation reinforces the durability of its recurring software revenue and enterprise-cloud strategy. Broadcom to Advance NTT DOCOMO's Private Cloud with VMware Cloud Foundation
• Positive Sentiment: Several analyses continue to highlight Broadcom as a leading beneficiary of custom AI-chip and networking demand. One report cited a 236% increase in AI-chip sales, while investors view its combination of custom silicon, AI networking and infrastructure software as a potential alternative to Nvidia. Broadcom Sees AI Chip Sales Up 236%
• Neutral Sentiment: Commentary comparing Broadcom with Apple and other semiconductor stocks presents AVGO as a long-term AI and infrastructure-software opportunity, but emphasizes that the investment case depends on sustained customer spending and execution. Apple vs. Broadcom: Which Tech Stock Is a Better Buy in 2026?
• Negative Sentiment: Semiconductor shares have pulled back amid interest-rate concerns, worries that AI infrastructure spending may be excessive, and broader warnings of a possible AI-stock bubble. Broadcom CEO Hock Tan’s comments comparing AI spending with a “casino” and warning about capital constraints have also unsettled some investors. Chip Stocks Have Pulled Back

About Broadcom

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software products. Its semiconductor solutions support data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company's semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.

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