Broadcom Inc. $AVGO Stock: New York Life Investment Management LLC Increases Stake

New York Life Investment Management LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 718,674 shares of the semiconductor manufacturer’s stock after acquiring an additional 19,621 shares during the quarter. Broadcom makes up approximately 1.7% of New York Life Investment Management LLC’s holdings, making the stock its 11th biggest holding. New York Life Investment Management LLC’s holdings in Broadcom were worth $252,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Broadcom by 8.7% in the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock worth $75,367,711,000 after acquiring an additional 16,651,378 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Broadcom by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock valued at $23,202,543,000 after purchasing an additional 2,685,916 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Broadcom by 3.8% during the 2nd quarter. Wellington Management Group LLP now owns 51,580,703 shares of the semiconductor manufacturer’s stock valued at $19,484,611,000 after purchasing an additional 1,892,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Broadcom by 2.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,180,530 shares of the semiconductor manufacturer’s stock worth $15,178,195,000 after purchasing an additional 1,140,598 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Broadcom during the 2nd quarter worth approximately $11,998,148,000. Institutional investors own 76.43% of the company’s stock.

Trending Headlines about Broadcom

Here are a few of the latest headlines about AVGO:

• Positive Sentiment: Industry spending remains a supportive backdrop: analyst estimates for hyperscaler capital expenditures have risen sharply, suggesting continued investment in AI infrastructure that could underpin demand for Broadcom’s custom chips and related systems. Great News for Nvidia, Micron, Broadcom, and AMD Stock Investors
• Neutral Sentiment: Broadcom’s AI opportunity comes with customer-concentration risk: its five largest customers reportedly accounted for about 55% of recent-quarter revenue. Anthropic is expected to become its largest custom AI-chip customer in 2027, which could deepen reliance on a few major buyers. Broadcom’s customer concentration risk
• Negative Sentiment: Potentially tighter U.S. export controls and hardware-tracking rules could add compliance costs and delay international AI deployments. Such restrictions may affect Broadcom and other semiconductor suppliers, even if demand for AI infrastructure remains strong. Midterm Fallout, NVIDIA Turmoil, Anthropic’s IPO: Is Broadcom a Steal?

Broadcom Stock Up 5.5%

Shares of NASDAQ:AVGO opened at $364.36 on Friday. The firm has a market cap of $1.74 trillion, a P/E ratio of 46.53 and a beta of 1.49. 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 12-month low of $289.77 and a 12-month high of $495.00. The business has a fifty day simple moving average of $345.59 and a 200 day simple moving average of $366.48.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The firm had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the business earned $1.69 EPS. The business’s quarterly revenue was up 85.5% compared to the same quarter last year. Analysts predict that Broadcom Inc. will post 10.20 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 given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Analyst Ratings Changes

Several brokerages recently commented on AVGO. Citic Securities raised shares of Broadcom to a “buy” rating and increased their price objective for the company from $450.00 to $525.00 in a research note on Tuesday, September 8th. Citigroup cut shares of Broadcom from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 27th. Rosenblatt Securities reiterated a “buy” rating and set a $600.00 price target on shares of Broadcom in a report on Tuesday, October 27th. DA Davidson upgraded Broadcom from a “neutral” rating to a “buy” rating and increased their price target for the company from $350.00 to $400.00 in a research note on Tuesday, October 27th. Finally, Evercore set a $578.00 price target on Broadcom and gave the company an “outperform” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $530.52.

Broadcom Company Profile

Broadcom Inc. is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics. Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.