Broadcom Inc. $AVGO Stock: State of Alaska Department of Revenue Grows Holdings

State of Alaska Department of Revenue boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 1.8% during the third quarter, Holdings Channel.com reports. The fund owned 566,975 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,850 shares during the quarter. Broadcom accounts for 1.8% of State of Alaska Department of Revenue’s holdings, making the stock its 10th largest holding. State of Alaska Department of Revenue’s holdings in Broadcom were worth $193,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Networth Advisors LLC raised its holdings in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 71 shares during the period. Core Capital Management & Research inc. acquired a new position in shares of Broadcom in the 2nd quarter valued at about $31,000. Harborfront Financial Group LLC acquired a new position in shares of Broadcom in the 2nd quarter valued at about $38,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Broadcom during the 2nd quarter worth about $60,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Broadcom during the 2nd quarter worth about $64,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Bank of America cut their price target on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Lake Street Capital upgraded shares of Broadcom to a “buy” rating in a research note on Thursday, September 3rd. BNP Paribas Exane increased their price objective on shares of Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Morgan Stanley reissued an “overweight” rating and issued a $505.00 price objective (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. Finally, TD Cowen reissued a “buy” rating and issued a $475.00 target price (down from $500.00) on shares of Broadcom in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $527.20.

Broadcom Stock Down 0.6%

NASDAQ AVGO opened at $344.33 on Friday. The stock has a market cap of $1.64 trillion, a PE ratio of 43.98 and a beta of 1.46. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The business has a 50 day moving average price of $366.31 and a two-hundred day moving average price of $383.89. 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 (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same quarter last year, the company earned $1.69 earnings per share. As a group, sell-side analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Announces Dividend

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

About Broadcom

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.