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

TD Asset Management Inc grew its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,423,446 shares of the semiconductor manufacturer’s stock after buying an additional 382,304 shares during the quarter. Broadcom accounts for 2.0% of TD Asset Management Inc’s investment portfolio, making the stock its 8th largest holding. TD Asset Management Inc’s holdings in Broadcom were worth $2,449,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AVGO. Longfellow Investment Management Co. LLC acquired a new stake in Broadcom in the second quarter valued at about $27,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Broadcom in the 2nd quarter valued at approximately $28,000. New England Capital Financial Advisors LLC purchased a new stake in shares of Broadcom in the second quarter valued at approximately $31,000. JCIC Asset Management Inc. acquired a new position in Broadcom during the third quarter worth $31,000. Finally, Manning & Napier Advisors LLC purchased a new position in Broadcom in the third quarter worth $34,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Key Headlines Impacting Broadcom

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.

Broadcom Trading Down 1.5%

Shares of AVGO opened at $325.49 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61. The stock has a market cap of $1.54 trillion, a price-to-earnings ratio of 68.38, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21. The firm has a 50 day simple moving average of $336.79 and a 200-day simple moving average of $342.42.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The firm had revenue of $18.02 billion for 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%.Broadcom’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. Equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given 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 a boost from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is 54.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AVGO shares. Robert W. Baird set a $420.00 price target on shares of Broadcom in a research note on Friday, December 12th. Zacks Research upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Susquehanna reiterated a “positive” rating and set a $450.00 price target (up from $400.00) on shares of Broadcom in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft set a $430.00 price target on Broadcom and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $500.00 price objective (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has an average rating of “Buy” and an average target price of $433.13.

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 38,281 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total value of $12,542,769.65. Following the transaction, the insider directly owned 266,494 shares in the company, valued at approximately $87,316,759.10. This represents a 12.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry Samueli sold 320,316 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $400.53, for a total transaction of $128,296,167.48. Following the sale, the director directly owned 37,326,540 shares in the company, valued at $14,950,399,066.20. This represents a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 779,101 shares of company stock worth $283,804,325. Company insiders own 2.00% of the company’s stock.

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.