Broadcom Inc. $AVGO Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its position in Broadcom Inc. (NASDAQ:AVGO) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 566,975 shares of the semiconductor manufacturer’s stock after buying an additional 9,850 shares during the quarter. Broadcom accounts for approximately 1.8% of State of Alaska Department of Revenue’s holdings, making the stock its 10th biggest holding. State of Alaska Department of Revenue’s holdings in Broadcom were worth $193,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AVGO. Gunderson Capital Management LLC increased its position in Broadcom by 75.7% during the third quarter. Gunderson Capital Management LLC now owns 40,673 shares of the semiconductor manufacturer’s stock worth $14,284,000 after buying an additional 17,520 shares in the last quarter. Chiron Capital Management LLC lifted its position in shares of Broadcom by 29.0% in the third quarter. Chiron Capital Management LLC now owns 1,714 shares of the semiconductor manufacturer’s stock valued at $602,000 after acquiring an additional 385 shares in the last quarter. Formuepleje A S lifted its position in shares of Broadcom by 50.2% in the third quarter. Formuepleje A S now owns 160,697 shares of the semiconductor manufacturer’s stock valued at $56,435,000 after acquiring an additional 53,680 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its position in shares of Broadcom by 4.3% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 79,944 shares of the semiconductor manufacturer’s stock valued at $28,075,000 after acquiring an additional 3,294 shares in the last quarter. Finally, WealthPlan Investment Management LLC boosted its stake in shares of Broadcom by 18.3% during the third quarter. WealthPlan Investment Management LLC now owns 42,367 shares of the semiconductor manufacturer’s stock valued at $14,879,000 after acquiring an additional 6,549 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI business remains a major growth driver. Reports highlight 221% growth in AI chip sales, strong demand for custom accelerators, and hyperscaler interest in alternatives to Nvidia’s higher-cost architecture. Some analysts believe Broadcom could benefit as AI spending broadens beyond Nvidia. Prediction: Broadcom Could Be the AI Winner After Nvidia
• Positive Sentiment: Bullish coverage points to Broadcom’s combination of high-margin semiconductors, networking products, custom silicon, and recurring infrastructure software revenue. Supporters argue that weaker non-AI segments are masking strong execution and creating a long-term buying opportunity. I’m Simply Not Worried About Broadcom’s Multi-Segment Drag
• Neutral Sentiment: Comparisons with Nvidia, Applied Materials, Marvell Technology, and SK Hynix emphasize Broadcom’s differentiated exposure to networking and custom AI chips, although SK Hynix recently showed stronger overall revenue momentum. These comparisons reinforce the investment debate rather than introduce a new company-specific catalyst. Broadcom vs. SK Hynix Revenue Trends
• Negative Sentiment: Tan cautioned that AI investing is becoming “casino”-like and that investors may underestimate how difficult it will be for AI companies to earn returns as spending and financing costs rise. He warned that tighter capital availability could slow AI infrastructure expansion. Broadcom CEO Hock Tan Warning About Casino-Like Investing
• Negative Sentiment: Investors are also examining potential off-balance-sheet financing and a reported $50 billion debt arrangement, increasing concern about leverage and counterparty risks if AI demand or customer returns weaken. Broadcom Off-Balance-Sheet Financing Risk
• Negative Sentiment: Apple’s reported cuts to iPhone 18 Pro component orders raise questions about Broadcom’s smartphone-related sales, while the continuing technology sell-off is weighing on high-valuation AI stocks broadly. Apple Cut iPhone 18 Orders

Analyst Ratings Changes

A number of analysts recently commented on AVGO shares. Citic Securities upgraded Broadcom to a “buy” rating and lifted their price objective for the stock from $450.00 to $525.00 in a research report on Tuesday, September 8th. President Capital upped their target price on shares of Broadcom from $520.00 to $546.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Lake Street Capital raised shares of Broadcom to a “buy” rating in a research note on Thursday, September 3rd. Bank of America lowered their price target on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Broadcom in a research report on Thursday, September 3rd. They issued a “buy” rating and a $550.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and a consensus target price of $527.20.

Broadcom Stock Performance

NASDAQ AVGO opened at $344.33 on Friday. The business’s 50-day moving average price is $366.31 and its 200 day moving average price is $383.89. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The company has a market capitalization of $1.64 trillion, a PE ratio of 43.98 and a beta of 1.46. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.10. The firm had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The firm’s quarterly revenue was up 85.5% on a year-over-year basis. During the same period last year, the company earned $1.69 EPS. On average, research analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio is presently 33.21%.

Broadcom Company Profile

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company’s semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.