Broadcom Inc. $AVGO Stock Holdings Increased by Journey Retirement Planning & Investment Management LLC

Posted by Geri Gentry on Oct 10th, 2026

Journey Retirement Planning & Investment Management LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 49.8% in the third quarter, HoldingsChannel reports. The fund owned 5,048 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,679 shares during the period. Broadcom accounts for 1.2% of Journey Retirement Planning & Investment Management LLC’s portfolio, making the stock its 14th biggest holding. Journey Retirement Planning & Investment Management LLC’s holdings in Broadcom were worth $1,773,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AVGO. Networth Advisors LLC increased its position in shares of Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 71 shares in the last quarter. Core Capital Management & Research inc. bought a new stake in shares of Broadcom in the second quarter worth approximately $31,000. Harborfront Financial Group LLC bought a new stake in shares of Broadcom in the second quarter worth approximately $38,000. IMG Wealth Management Inc. purchased a new stake in Broadcom in the second quarter worth approximately $64,000. Finally, Byrne Asset Management LLC bought a new position in shares of Broadcom during the 2nd quarter valued at $84,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom is reportedly arranging more than $50 billion in financing for custom AI chips being developed with OpenAI. Although discussions are preliminary, the potential project underscores the scale of expected demand for Broadcom’s custom silicon and could support substantial future revenue. Broadcom seeks more than $50 billion to finance OpenAI AI chips
Positive Sentiment: At the OCP Global Summit, Broadcom highlighted new networking technologies designed to help hyperscalers scale AI clusters. The announcements reinforce its positioning in high-speed networking and custom AI infrastructure. Broadcom AI networking innovations
Positive Sentiment: Record profits at Samsung and TSMC are being viewed as evidence that semiconductor demand and AI-related capital spending remain strong, a favorable backdrop for Broadcom’s chip and networking businesses. Record profits at Samsung and TSMC
Positive Sentiment: Analysts and commentators continue to point to Broadcom’s rapid AI revenue growth and its roughly 24% decline from its 52-week high as a potential entry point, despite expectations for strong earnings growth. Broadcom is lagging the market

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. KeyCorp reaffirmed an “overweight” rating and set a $575.00 price target on shares of Broadcom in a research report on Thursday, September 3rd. Fox Advisors upgraded shares of Broadcom to an “outperform” rating in a research note 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 target price on Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Finally, Piper Sandler started coverage on Broadcom in a research note on Wednesday, September 9th. They issued an “overweight” rating and a $460.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and a consensus price target of $527.20.

Get Our Latest Report on Broadcom

Broadcom Stock Up 0.4%

NASDAQ AVGO opened at $361.54 on Friday. 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. The firm has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 46.17 and a beta of 1.46. The company has a fifty day moving average of $371.24 and a two-hundred day moving average of $382.38.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 EPS. On average, analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio is presently 33.21%.

Broadcom Company Profile

(Free Report)

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.