Broadcom Inc. $AVGO Holdings Raised by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 765,061 shares of the semiconductor manufacturer’s stock after purchasing an additional 38,502 shares during the period. Broadcom makes up about 2.0% of Sumitomo Mitsui DS Asset Management Company Ltd’s portfolio, making the stock its 6th biggest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Broadcom were worth $252,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Broadcom by 2.4% during the 2nd quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock worth $469,566,000 after buying an additional 39,466 shares during the last quarter. Capital Counsel LLC NY purchased a new position in Broadcom in the second quarter worth approximately $221,000. Waterloo Capital L.P. increased its stake in Broadcom by 7.0% during the second quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer’s stock worth $13,331,000 after acquiring an additional 3,180 shares during the last quarter. RiverFront Investment Group LLC raised its position in Broadcom by 107.6% in the second quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer’s stock valued at $4,555,000 after purchasing an additional 8,566 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in shares of Broadcom by 23.6% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 46,317 shares of the semiconductor manufacturer’s stock valued at $12,767,000 after purchasing an additional 8,829 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

AVGO has been the subject of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $430.00 price objective (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of Broadcom from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Truist Financial boosted their price target on shares of Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Robert W. Baird set a $420.00 price objective on shares of Broadcom in a research report on Friday, December 12th. Finally, KeyCorp reiterated an “overweight” rating and issued a $500.00 target price (up previously from $460.00) on shares of Broadcom in a report on Friday, December 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $435.57.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Mizuho raised its price target on AVGO to $480 and kept an Outperform rating — a direct, high-profile analyst upgrade that signals institutional confidence and adds upward pressure on the stock. Mizuho Raises Firm’s PT on Broadcom (AVGO) Stock
• Positive Sentiment: Major banks (Goldman, BofA, Mizuho) have named Broadcom a 2026 “top pick,” with price targets as high as $500 — a consensus of blue‑chip institutional conviction that can draw buy-side flows. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks
• Positive Sentiment: Analysts and research pieces highlight Broadcom’s growing role in custom AI ASICs and XPU customers — positioning the company as a key alternative to Nvidia in bespoke AI hardware, which supports longer-term revenue upside. Should You Forget Nvidia and Buy These 2 Artificial Intelligence (AI) Stocks Instead?
• Positive Sentiment: Bernstein reiterated an Outperform and called competition fears “overblown,” citing Broadcom’s leadership in AI ASIC innovation — a reassuring note that can reduce investor fear around market-share erosion. Bernstein Says AI Competition Fears Around Broadcom (AVGO) Are Overblown
• Neutral Sentiment: Analysts flag an AI-driven supply crunch and custom silicon upside — a double-edged trend: it could lift Broadcom’s order book but also create near-term supply-chain volatility and capex-driven market movement. Broadcom, Marvell In Focus As Semicondcutor Analyst Flags AI-Driven Supply Crunch, Custom Silicon Upside
• Neutral Sentiment: Broadcom showcased new Wi‑Fi products at CES 2026 — positive for product-cycle narrative and diversification, but not an immediate earnings catalyst on its own. Broadcom Inc. (AVGO) Launches new Wi-Fi Products at CES 2026
• Negative Sentiment: Investors remain sensitive to Broadcom’s Dec. 11 earnings margin warning — that report triggered a sell-off and is the main source of downside risk until gross-margin trajectory is visibly stable. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks

Insider Activity at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 30,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total value of $10,434,600.00. Following the sale, the chief financial officer owned 277,237 shares of the company’s stock, valued at $96,428,573.34. This trade represents a 9.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harry L. You acquired 1,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were bought at an average cost of $325.13 per share, with a total value of $325,130.00. Following the completion of the transaction, the director owned 36,602 shares of the company’s stock, valued at approximately $11,900,408.26. This represents a 2.81% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 779,901 shares of company stock worth $284,069,237 over the last quarter. 2.00% of the stock is currently owned by insiders.

Broadcom Trading Down 4.2%

Shares of AVGO stock opened at $339.89 on Thursday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. The company has a 50 day moving average price of $359.19 and a 200 day moving average price of $332.62. The stock has a market capitalization of $1.61 trillion, a P/E ratio of 71.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, beating the consensus estimate 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 net margin of 36.20% and a return on equity of 37.45%. The firm’s revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 EPS. Equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently announced 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. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s payout ratio is presently 54.62%.

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.