Broadcom Inc. $AVGO is State of New Jersey Common Pension Fund D’s 8th Largest Position

State of New Jersey Common Pension Fund D boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,558,145 shares of the semiconductor manufacturer’s stock after purchasing an additional 55,310 shares during the period. Broadcom comprises approximately 1.9% of State of New Jersey Common Pension Fund D’s holdings, making the stock its 8th largest position. State of New Jersey Common Pension Fund D’s holdings in Broadcom were worth $514,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC acquired a new stake in shares of Broadcom in the second quarter valued at about $27,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom during the second quarter worth about $28,000. LGT Financial Advisors LLC purchased a new position in Broadcom in the second quarter valued at about $31,000. New England Capital Financial Advisors LLC acquired a new stake in shares of Broadcom during the 2nd quarter valued at approximately $31,000. Finally, JCIC Asset Management Inc. acquired a new stake in shares of Broadcom in the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In other news, insider Charlie B. Kawwas sold 1,928 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $327.80, for a total transaction of $631,998.40. Following the completion of the transaction, the insider owned 23,582 shares of the company’s stock, valued at $7,730,179.60. This represents a 7.56% 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 bought 1,000 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average price of $325.13 per share, with a total value of $325,130.00. Following the completion of the acquisition, the director owned 36,602 shares of the company’s stock, valued at $11,900,408.26. This trade represents a 2.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 779,101 shares of company stock worth $283,804,325 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AVGO has been the topic of a number of research analyst reports. Rosenblatt Securities boosted their target price on Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadcom in a research report on Monday, December 29th. Susquehanna reissued a “positive” rating and issued a $450.00 price objective (up from $400.00) on shares of Broadcom in a research note on Thursday, December 4th. KeyCorp restated an “overweight” rating and set a $500.00 target price (up from $460.00) on shares of Broadcom in a report on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $433.13.

Broadcom Stock Up 2.3%

Shares of NASDAQ AVGO opened at $332.54 on Wednesday. The firm has a market cap of $1.58 trillion, a P/E ratio of 69.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The firm’s 50 day moving average price is $340.88 and its 200 day moving average price is $341.32.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the prior year, the company posted $1.42 EPS. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio is 54.62%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Wall Street note sees upside — some brokers argue the recent selloff creates a buying opportunity and project roughly ~29% upside as AI/data‑center tailwinds reassert. Read More.
• Positive Sentiment: Product catalyst: Broadcom launched Wi‑Fi 8 positioned for “AI‑ready” enterprise upgrades — a favorable development for recurring enterprise networking revenue exposure. Read More.
• Positive Sentiment: Analyst consensus is bullish — surveys show a “Buy” consensus on AVGO, supporting investor confidence. Read More.
• Neutral Sentiment: Market breadth lift — Broadcom is benefiting from a broader Nasdaq advance and rotation into AI/large‑cap tech names today, which can amplify price moves independent of company‑specific news. Read More.
• Neutral Sentiment: Valuation review pieces note that recent pullback and AI momentum make AVGO worth reassessing — these analyses outline upside if growth sustains but stop short of new convictions. Read More.
• Neutral Sentiment: Dividend/ETF coverage mentions Broadcom as a tech income play in some dividend ETF discussions — supportive for longer‑term holders but not an immediate price driver. Read More.
• Neutral Sentiment: Short‑interest reports in the feed show anomalous zero/NaN values for February — data looks unreliable and shouldn’t be interpreted as a material shift in positioning. (Data entries 2/16–2/17)
• Negative Sentiment: Valuation concerns remain — some coverage explicitly acknowledges Broadcom’s AI relevance but warns the stock trades at a premium that could limit near‑term upside. Read More.
• Negative Sentiment: Peer comparison headwind — analyst pieces comparing NVDA vs AVGO favor NVIDIA on valuation and data‑center dominance, which could divert incremental AI multiple expansion away from Broadcom. Read More.

About Broadcom

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.