Broadcom Inc. $AVGO Holdings Raised by TD Asset Management Inc

TD Asset Management Inc grew its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,423,446 shares of the semiconductor manufacturer’s stock after buying an additional 382,304 shares during the quarter. Broadcom accounts for approximately 2.0% of TD Asset Management Inc’s portfolio, making the stock its 8th biggest position. TD Asset Management Inc owned approximately 0.16% of Broadcom worth $2,449,069,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock valued at $133,261,046,000 after purchasing an additional 6,222,802 shares during the last quarter. State Street Corp lifted its position in shares of Broadcom by 0.5% during the 2nd quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock worth $51,071,601,000 after purchasing an additional 873,963 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Broadcom by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock worth $29,827,649,000 after purchasing an additional 2,226,585 shares during the last quarter. Norges Bank acquired a new position in shares of Broadcom during the second quarter worth $18,579,549,000. Finally, Invesco Ltd. increased its holdings in Broadcom by 8.4% in the second quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock valued at $10,598,641,000 after buying an additional 2,978,768 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: New product catalyst — Broadcom introduced its BroadPeak connectivity chip targeting 5G Advanced and 6G with ~40% lower power use; company forecasts AI revenue to double and strong semiconductor growth, which supports longer-term revenue upside. Read More.
• Positive Sentiment: Analyst upgrades — Zacks moved AVGO to a Buy (Rank #2), reflecting rising optimism on earnings prospects that can help demand for the shares ahead of results. Read More.
• Positive Sentiment: Wall Street bullishness — Analysts’ consensus price targets imply substantial upside (reports show ~30–35% potential), keeping a favorable institutional bias into earnings. Read More.
• Positive Sentiment: Institutional interest — Notable funds (including ARK) added shares and some firms raised estimates, signaling continued investor conviction in AVGO’s AI exposure and growth runway. Read More.
• Neutral Sentiment: Earnings preview — Multiple previews expect Broadcom to meet/beat revenue and EPS estimates, but markets will key on Q2 guidance, gross-margin trajectory and management commentary on AI mix. Upcoming report is the immediate catalyst to watch. Read More.
• Neutral Sentiment: Options positioning — Some traders recommend covered-put or other income strategies into the quarter, indicating cautious, income-focused positioning rather than outright directional conviction. Read More.
• Negative Sentiment: Analyst target trim — Citi reduced its price target (from $480 to $458) despite keeping a Buy, a modest signal that some sell‑side desks are tempering upside after recent guidance and margin discussion. Read More.
• Negative Sentiment: Near-term weakness & margin concerns — Recent coverage notes share declines and investor worry about gross-margin pressure from a faster-growing, lower‑margin AI mix; that uncertainty is pressuring the stock into earnings. Read More.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Henry Samueli sold 320,316 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $400.53, for a total transaction of $128,296,167.48. Following the transaction, the director directly owned 37,326,540 shares of the company’s stock, valued at approximately $14,950,399,066.20. This trade represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kirsten M. Spears sold 30,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the completion of the sale, the chief financial officer directly owned 277,237 shares of the company’s stock, valued at $96,428,573.34. The trade was a 9.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 779,101 shares of company stock valued at $283,804,325. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AVGO. Wolfe Research raised Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price target for the company in a report on Friday, January 30th. Robert W. Baird set a $420.00 target price on Broadcom in a research report on Friday, December 12th. The Goldman Sachs Group restated a “buy” rating and set a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Morgan Stanley upped their price target on Broadcom from $443.00 to $462.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Finally, Truist Financial raised their price objective on shares of Broadcom from $500.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Broadcom has a consensus rating of “Buy” and an average target price of $433.13.

Broadcom Trading Down 1.5%

NASDAQ:AVGO opened at $325.49 on Wednesday. The company has a market capitalization of $1.54 trillion, a PE ratio of 68.38, a P/E/G ratio of 1.06 and a beta of 1.21. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $414.61. The stock’s 50 day moving average price is $336.79 and its 200 day moving average price is $342.42. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The company had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 earnings per share. On average, research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.65 per share. The ex-dividend date was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is currently 54.62%.

About Broadcom

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.