Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Makes New $20.77 Million Investment in Broadcom Inc. $AVGO

Key Points

• Retail Employees Superannuation Trust purchased 59,153 Broadcom shares worth approximately $20.77 million, making AVGO its sixth-largest holding at 5.1% of the portfolio. Institutional investors collectively own 76.43% of the stock.
• Analysts remain broadly bullish, with 37 Buy, one Strong Buy and three Hold ratings; the average price target is $527.20. Broadcom recently reported quarterly EPS of $3.32 and revenue of $29.59 billion, up 85.5% year over year.
• Broadcom shares opened at $337.80, while the company pays a quarterly dividend of $0.65, or $2.60 annually, yielding about 0.8%. Investors remain focused on strong AI-chip and networking demand, balanced against concerns about high valuations and a potential AI-spending slowdown.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 59,153 shares of the semiconductor manufacturer's stock, valued at approximately $20,774,000. Broadcom comprises approximately 5.1% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's investment portfolio, making the stock its 6th biggest holding.

A number of other hedge funds have also recently bought and sold shares of AVGO. Vestia Personal Wealth Advisors grew its position in Broadcom by 42.7% in the 3rd quarter. Vestia Personal Wealth Advisors now owns 3,075 shares of the semiconductor manufacturer's stock worth $1,080,000 after purchasing an additional 920 shares during the last quarter. Jeppson Wealth Management LLC increased its holdings in shares of Broadcom by 3.3% during the 3rd quarter. Jeppson Wealth Management LLC now owns 13,246 shares of the semiconductor manufacturer's stock worth $4,652,000 after purchasing an additional 421 shares during the period. JDH Wealth Management LLC raised its position in shares of Broadcom by 4.0% during the third quarter. JDH Wealth Management LLC now owns 1,029 shares of the semiconductor manufacturer's stock valued at $361,000 after buying an additional 40 shares during the last quarter. Investment Research Partners LLC raised its position in shares of Broadcom by 0.5% during the third quarter. Investment Research Partners LLC now owns 10,254 shares of the semiconductor manufacturer's stock valued at $3,601,000 after buying an additional 51 shares during the last quarter. Finally, Secure Asset Management LLC lifted its stake in shares of Broadcom by 8.1% in the third quarter. Secure Asset Management LLC now owns 22,020 shares of the semiconductor manufacturer's stock valued at $7,733,000 after buying an additional 1,658 shares during the period. 76.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AVGO. Rosenblatt Securities initiated coverage on Broadcom in a research report on Thursday, September 3rd. They set a "buy" rating and a $600.00 target price on the stock. Cantor Fitzgerald upped their price target on Broadcom from $525.00 to $600.00 and gave the company an "overweight" rating in a report on Thursday, September 3rd. President Capital upped their price target on Broadcom from $520.00 to $546.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Arete Research raised their price objective on Broadcom from $488.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley reissued an "overweight" rating and set a $505.00 price objective (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. One equities 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $527.20.

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 P/E ratio of 43.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The business's 50 day simple moving average is $359.37 and its 200-day simple moving average is $384.63.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly 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 return on equity of 48.33% and a net margin of 42.94%. The business had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the company earned $1.69 EPS. Broadcom's revenue for the quarter was up 85.5% on a year-over-year basis. As a group, sell-side analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

More Broadcom News

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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