New Mexico Educational Retirement Board Buys 18,856 Shares of Broadcom Inc. $AVGO

New Mexico Educational Retirement Board raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 235,416 shares of the semiconductor manufacturer’s stock after buying an additional 18,856 shares during the period. Broadcom comprises about 2.2% of New Mexico Educational Retirement Board’s portfolio, making the stock its 6th largest holding. New Mexico Educational Retirement Board’s holdings in Broadcom were worth $88,928,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Broadcom in the fourth quarter valued at approximately $24,252,196,000. Legal & General Group Plc acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $11,998,148,000. Bank of New York Mellon Corp purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $10,528,191,000. Jupiter Topco LLC purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $7,396,271,000. Finally, Deutsche Bank AG acquired a new position in shares of Broadcom in the 2nd quarter valued at $5,661,216,000. Hedge funds and other institutional investors 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 latest results showed powerful AI momentum: AI semiconductor revenue increased 221% to $16.7 billion, while management raised its fiscal 2027 AI revenue outlook to approximately $115 billion, up from more than $100 billion previously. Some projections cited in the coverage point to $230 billion in AI revenue by fiscal 2028. Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Nvidia GPUs
• Positive Sentiment: Analysts continue to raise their expectations, with Cantor reportedly assigning a $600 price target. Bullish analysts argue that hyperscalers increasingly want custom accelerators, AI networking and complete data-center architectures—not only Nvidia GPUs—giving Broadcom a larger role in inference and other workloads. Top Analyst Sets $600 Broadcom Stock Target
• Positive Sentiment: A multi-generation Amazon AI-silicon agreement with Qualcomm also highlights the growing data-center market for custom chips. Although Qualcomm is the direct beneficiary, the deal reinforces the strategic importance of custom silicon and supports the broader investment case for Broadcom’s design and networking business. Qualcomm Amazon AI Silicon Deal
• Neutral Sentiment: The post-earnings reaction has been mixed because investors are scrutinizing near-term guidance, Broadcom’s share of customers’ tensor processing unit programs, and whether constrained chip supply can keep pace with demand. Wall Street remains broadly optimistic, but expectations are exceptionally high. Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
• Negative Sentiment: Bearish coverage points to margin pressure, customer concentration, supply constraints and a premium valuation—Broadcom trades at roughly 47 times earnings—leaving limited room for execution mistakes. These concerns help explain why strong earnings did not produce a uniformly positive market response. Broadcom Buy, Sell or Hold Analysis

Broadcom Price Performance

Broadcom stock opened at $368.56 on Wednesday. The company has a fifty day simple moving average of $383.09 and a 200-day simple moving average of $378.02. The firm has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 47.07 and a beta of 1.44. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period last year, the firm posted $1.69 earnings per share. The company’s revenue for the quarter was up 85.5% on a year-over-year basis. On average, equities analysts anticipate that Broadcom Inc. will post 10.25 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on AVGO. Rosenblatt Securities began coverage on shares of Broadcom in a research report on Thursday, September 3rd. They set a “buy” rating and a $600.00 price target on the stock. TD Cowen reissued a “buy” rating and set a $475.00 target price (down from $500.00) on shares of Broadcom in a research note on Thursday, September 3rd. Mizuho upped their price target on Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Weiss Ratings lowered Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Finally, Bank of America upped their target price on Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Thirty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $504.93.

Insider Buying and Selling

In related news, Director Gayla Delly sold 1,890 shares of the stock in a transaction that occurred on 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 sale, the director owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the transaction, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. The trade was a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,644 shares of company stock valued at $24,016,214 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

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.