Securian Asset Management Inc. Sells 2,809 Shares of Broadcom Inc. $AVGO

Securian Asset Management Inc. lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.2% in the 2nd quarter, Holdings Channel reports. The fund owned 125,814 shares of the semiconductor manufacturer’s stock after selling 2,809 shares during the quarter. Broadcom accounts for 1.7% of Securian Asset Management Inc.’s holdings, making the stock its 10th largest holding. Securian Asset Management Inc.’s holdings in Broadcom were worth $46,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AVGO. Bank of America Corp DE grew its holdings in shares of Broadcom by 1.5% in the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after purchasing an additional 894,564 shares during the period. Bartlett & CO. Wealth Management LLC raised its stake in Broadcom by 129.3% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock worth $34,061,000 after purchasing an additional 62,050 shares during the period. First Bank & Trust boosted its holdings in Broadcom by 17.2% in the 2nd quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer’s stock valued at $3,968,000 after purchasing an additional 1,545 shares during the last quarter. Fifth Lane Capital LP boosted its holdings in Broadcom by 77.8% in the 4th quarter. Fifth Lane Capital LP now owns 4,000 shares of the semiconductor manufacturer’s stock valued at $1,384,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Wealthcare Capital Partners LLC grew its stake in shares of Broadcom by 36.4% in the 2nd quarter. Wealthcare Capital Partners LLC now owns 4,407 shares of the semiconductor manufacturer’s stock valued at $1,665,000 after buying an additional 1,176 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AVGO. Zacks Research downgraded shares of Broadcom from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Wall Street Zen lowered Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $525.00 target price on shares of Broadcom in a research note on Thursday, June 4th. Susquehanna restated a “positive” rating and issued a $490.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Broadcom in a research note on Monday, August 3rd. Twenty-eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $493.24.

Insider Transactions at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harry L. You purchased 1,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the purchase, the director directly owned 38,466 shares of the company’s stock, valued at approximately $14,369,743.62. This trade represents a 2.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is owned by insiders.

Broadcom Stock Down 3.2%

NASDAQ:AVGO opened at $379.83 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average is $389.46 and its two-hundred day moving average is $374.39. Broadcom Inc. has a 52 week low of $281.87 and a 52 week high of $495.00. The stock has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 63.31, a price-to-earnings-growth ratio of 0.75 and a beta of 1.45.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The business had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The company’s revenue was up 47.9% on a year-over-year basis. Research analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, June 22nd. Broadcom’s dividend payout ratio (DPR) is 43.33%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom AI accelerator business continues to gain traction, while its partnership with Alphabet on custom silicon and infrastructure supporting Anthropic workloads reinforces expectations for sustained AI-related demand. Broadcom vs. Nvidia: 1 Metric Shows Which AI Chipmaker Is the Better Bargain
• Positive Sentiment: Analyst sentiment remains broadly constructive. Broadcom received a Zacks Rank upgrade to Buy, and the average analyst price target implies substantial upside, supported by rising earnings estimates. Broadcom Inc. Upgraded to Buy
• Positive Sentiment: The company is scheduled to pay its regular quarterly dividend of $0.65 per share on September 30, providing continued shareholder income. Broadcom to Pay Dividends Next Month
• Neutral Sentiment: VMware Explore 2026 will showcase private-cloud and AI capabilities, potentially highlighting growth opportunities for Broadcom’s VMware business, although the event has not yet provided a material financial update. VMware Explore 2026
• Negative Sentiment: Several comparisons favor Astera Labs over Broadcom because of Astera’s faster growth, improving estimates, and exposure to AI connectivity demand. This may encourage investors to rotate toward smaller AI infrastructure stocks. ALAB vs. AVGO
• Negative Sentiment: Reports that hedge funds reduced or exited Broadcom positions during the second quarter, including shifts into other semiconductor names, are adding to selling pressure and weakening institutional sentiment. Hedge Funds Turn Bearish on Broadcom
• Negative Sentiment: Investors remain concerned about a reported VMware vCenter Syslog Server security vulnerability, AI funding uncertainty, and the possibility that rising AI infrastructure costs could pressure margins. These risks are particularly important given AVGO’s elevated valuation. Broadcom Bounce and VMware Concerns

Broadcom 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.