Panagora Asset Management Inc. Has $663.83 Million Position in Broadcom Inc. $AVGO

Posted by Brenda Bartman on Jun 16th, 2026

Panagora Asset Management Inc. grew its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 18.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,918,030 shares of the semiconductor manufacturer’s stock after buying an additional 295,017 shares during the quarter. Broadcom accounts for about 2.4% of Panagora Asset Management Inc.’s portfolio, making the stock its 7th biggest position. Panagora Asset Management Inc.’s holdings in Broadcom were worth $663,830,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Perryman Financial Advisory Inc. AD bought a new stake in shares of Broadcom in the 4th quarter worth $20,612,000. Potentia Wealth increased its holdings in shares of Broadcom by 10.4% in the 4th quarter. Potentia Wealth now owns 4,054 shares of the semiconductor manufacturer’s stock worth $1,403,000 after purchasing an additional 383 shares in the last quarter. Potomac Fund Management Inc. ADV increased its holdings in shares of Broadcom by 26.4% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 1,982 shares of the semiconductor manufacturer’s stock worth $686,000 after purchasing an additional 414 shares in the last quarter. Palisade Asset Management LLC increased its holdings in shares of Broadcom by 6.9% in the 4th quarter. Palisade Asset Management LLC now owns 3,216 shares of the semiconductor manufacturer’s stock worth $1,113,000 after purchasing an additional 207 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Broadcom by 4.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,173,391 shares of the semiconductor manufacturer’s stock worth $752,211,000 after purchasing an additional 96,690 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on AVGO shares. UBS Group set a $485.00 target price on Broadcom and gave the stock a “buy” rating in a report on Thursday, June 4th. Seaport Research Partners reissued a “neutral” rating on shares of Broadcom in a report on Wednesday, April 8th. Evercore reissued an “outperform” rating and issued a $582.00 target price on shares of Broadcom in a report on Tuesday, May 19th. Wells Fargo & Company reissued an “overweight” rating and issued a $545.00 target price (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Finally, Mizuho lifted their target price on Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $490.13.

Read Our Latest Analysis on AVGO

Broadcom Stock Performance

Shares of AVGO opened at $393.94 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. Broadcom Inc. has a one year low of $244.17 and a one year high of $495.00. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 65.66, a PEG ratio of 0.67 and a beta of 1.41. The business has a fifty day moving average of $405.85 and a 200 day moving average of $363.29.

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

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a $0.65 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s payout ratio is presently 43.33%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Director Harry L. You bought 1,000 Broadcom shares in a disclosed SEC filing, a vote of confidence that can reassure investors about the company’s outlook. SEC Form 4 filing
Positive Sentiment: Recent articles continue to frame Broadcom as a major beneficiary of the AI infrastructure buildout, with investors focusing on its custom compute, networking, and semiconductor exposure. Investopedia article
Positive Sentiment: Broadcom was included in bullish commentary about “beaten down” AI infrastructure stocks, suggesting some investors see the recent pullback as a buying opportunity rather than a fundamental deterioration. 247WallSt article
Positive Sentiment: Wall Street Zen reportedly upgraded Broadcom to Strong-Buy, adding to the bullish analyst tone around the stock. American Banking News article
Neutral Sentiment: Some coverage compared Broadcom with other AI infrastructure names and noted that competitors may have stronger near-term upside, which could temper enthusiasm but does not change Broadcom’s long-term AI thesis. Zacks article
Negative Sentiment: Recent market commentary said Broadcom’s stock pulled back after record quarterly results because investors were focused on cautious AI guidance and valuation concerns, which may be weighing on sentiment. Yahoo Finance article

Insider Buying and Selling

In related news, insider Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total value of $3,452,300.00. Following the completion of the sale, the insider owned 787,184 shares of the company’s stock, valued at $271,759,532.32. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider S. Ram Velaga sold 8,000 shares of Broadcom stock in a transaction on Friday, April 10th. The shares were sold at an average price of $370.52, for a total value of $2,964,160.00. Following the transaction, the insider owned 57,932 shares in the company, valued at $21,464,964.64. This trade represents a 12.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,233 shares of company stock valued at $18,125,134 over the last ninety days. 1.90% of the stock is owned by insiders.

About Broadcom

(Free Report)

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.