Envestnet Asset Management Inc. Has $3 Billion Position in Broadcom Inc. $AVGO

Envestnet Asset Management Inc. increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,133,536 shares of the semiconductor manufacturer’s stock after acquiring an additional 735,257 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Broadcom were worth $3,003,100,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AVGO. Andra AP fonden increased its holdings in shares of Broadcom by 25.9% during the second quarter. Andra AP fonden now owns 817,960 shares of the semiconductor manufacturer’s stock valued at $308,984,000 after acquiring an additional 168,260 shares in the last quarter. State Street Corp lifted its holdings in shares of Broadcom by 8.7% in the 2nd 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 in the last quarter. Security National Bank of Sioux City Iowa IA bought a new position in shares of Broadcom in the 2nd quarter worth $227,000. Wellington Altus USA Inc. grew its position in Broadcom by 18.3% in the 2nd quarter. Wellington Altus USA Inc. now owns 2,344 shares of the semiconductor manufacturer’s stock valued at $885,000 after purchasing an additional 362 shares during the period. Finally, Twin Peaks Capital Ltd acquired a new stake in Broadcom in the 2nd quarter valued at $7,555,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on AVGO shares. Truist Financial lowered their price objective on shares of Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Royal Bank Of Canada assumed coverage on shares of Broadcom in a report on Thursday, September 3rd. They set an “outperform” rating for the company. UBS Group downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Lake Street Capital upgraded shares of Broadcom to a “buy” rating in a report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadcom currently has a consensus rating of “Moderate Buy” and an average target price of $509.04.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-AI-chip and networking businesses continue to attract bullish attention. Coverage highlights management’s projections for approximately $115 billion in AI semiconductor revenue in fiscal 2027 and $230 billion in fiscal 2028, with inference demand and hyperscaler-designed chips providing potential growth beyond Nvidia’s training-chip market. Elon Musk Is Going All In on Nvidia, but Are These Two Chip Stocks Better Buys?
• Positive Sentiment: Several analysts and investor-focused articles continue to view AVGO favorably, citing its strong AI exposure, major customers, dividend growth and recent earnings momentum. Broadcom’s latest quarterly results exceeded consensus estimates for both earnings and revenue, while revenue increased sharply year over year. A top chip stock analyst sees big things for Nvidia, Broadcom
• Neutral Sentiment: Broadcom’s chief executive continues to defend the company’s approximately $350 billion AI-chip outlook, arguing that customer relationships focused on inference support continued spending even if some AI companies call for slower frontier-model development. Delivering that forecast remains the key test for the investment case. Broadcom CEO Holds $350B Outlook Strong
• Negative Sentiment: China is reportedly reviewing Broadcom networking switches used in state-backed data centers as Beijing seeks to promote domestic semiconductor suppliers and reduce reliance on foreign AI infrastructure. The review raises potential regulatory, market-access and customer-concentration concerns. China surveys Broadcom switch use in state data centers
• Negative Sentiment: The broader market also pressured semiconductor shares as rising oil prices and Treasury yields ended a four-session equity rally. With AVGO trading below its 50-day and 200-day moving averages and at an elevated earnings multiple, investors may be taking profits or demanding clearer evidence that aggressive AI forecasts can be achieved. Why are Intel, AMD, Broadcom stocks down on Wednesday?

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the transaction, the insider directly owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director owned 31,326 shares in the company, valued at $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 53,492 shares of company stock worth $20,840,292 over the last three months. 1.90% of the stock is currently owned by insiders.

Broadcom Stock Down 2.6%

NASDAQ:AVGO traded down $9.55 during trading hours on Wednesday, hitting $354.99. 22,932,577 shares of the company traded hands, compared to its average volume of 25,303,502. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm’s 50-day simple moving average is $377.99 and its 200-day simple moving average is $380.11. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The company has a market cap of $1.69 trillion, a PE ratio of 45.34 and a beta of 1.44.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business’s revenue was up 85.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 EPS. Equities analysts predict that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom’s payout ratio is 33.21%.

Broadcom Profile

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.