Pictet Asset Management Holding SA Has $2.18 Billion Holdings in Broadcom Inc. $AVGO

Key Points

• Pictet Asset Management increased its Broadcom stake 17.2% in Q4 to 6,307,458 shares (≈$2.18 billion), making AVGO its 6th-largest holding and about 2.1% of Pictet’s portfolio.
• Company insiders have been net sellers recently — directors sold shares in April and insiders disposed of 324,282 shares (≈$106.4 million) over the past three months, leaving insiders with roughly 1.9% ownership.
• Analysts remain largely bullish with a consensus “Moderate Buy” and an average price target of $435.30 (several firms raised targets, JPMorgan to $500), while AI-driven demand and recent product launches support growth despite a high P/E and recent price volatility.

Pictet Asset Management Holding SA raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,307,458 shares of the semiconductor manufacturer's stock after acquiring an additional 927,552 shares during the quarter. Broadcom makes up about 2.1% of Pictet Asset Management Holding SA's portfolio, making the stock its 6th largest holding. Pictet Asset Management Holding SA owned about 0.13% of Broadcom worth $2,183,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Miller Global Investments LLC acquired a new position in Broadcom in the 4th quarter valued at approximately $31,000. JCIC Asset Management Inc. acquired a new position in Broadcom in the 3rd quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. acquired a new position in Broadcom in the 4th quarter valued at approximately $33,000. Family CFO Inc acquired a new position in Broadcom in the 4th quarter valued at approximately $35,000. Finally, Manning & Napier Advisors LLC acquired a new position in Broadcom in the 3rd quarter valued at approximately $34,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the firm's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the sale, the director directly owned 32,352 shares in the company, valued at approximately $11,592,045.12. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justine Page sold 2,018 shares of the firm's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director owned 18,164 shares of the company's stock, valued at $6,411,892. The trade was a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AVGO has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, March 5th. Benchmark restated a "buy" rating and issued a $485.00 price target on shares of Broadcom in a research report on Thursday, March 5th. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 price target on shares of Broadcom in a research report on Monday, January 5th. Rosenblatt Securities reiterated a "buy" rating and set a $500.00 price objective on shares of Broadcom in a research report on Tuesday, April 7th. Finally, Weiss Ratings cut shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

More Broadcom News

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

Broadcom Trading Down 1.2%

NASDAQ:AVGO opened at $416.41 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 81.33, a PEG ratio of 0.87 and a beta of 1.43. The firm has a fifty day simple moving average of $347.36 and a two-hundred day simple moving average of $349.79. Broadcom Inc. has a 12 month low of $195.94 and a 12 month high of $429.31.

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

Broadcom Announces Dividend

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

Broadcom Company Profile

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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