Formuepleje A S Buys 53,680 Shares of Broadcom Inc. $AVGO

Posted by George Bondi on Oct 16th, 2026

Formuepleje A S raised its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 50.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 160,697 shares of the semiconductor manufacturer’s stock after buying an additional 53,680 shares during the period. Broadcom makes up about 4.9% of Formuepleje A S’s investment portfolio, making the stock its 6th biggest position. Formuepleje A S’s holdings in Broadcom were worth $56,435,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Networth Advisors LLC raised its stake 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 position in Broadcom in the second quarter worth approximately $31,000. Harborfront Financial Group LLC purchased a new position in Broadcom during the 2nd quarter worth $38,000. Coppell Advisory Solutions LLC purchased a new position in Broadcom during the 2nd quarter worth $60,000. Finally, IMG Wealth Management Inc. purchased a new position in Broadcom during the 2nd quarter worth $64,000. 76.43% of the stock is currently owned by institutional investors.

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

Broadcom Stock Performance

Shares of NASDAQ:AVGO opened at $344.33 on Friday. The company has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 43.98 and a beta of 1.46. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $366.31 and a 200 day moving average of $383.89.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its earnings results 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. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The business had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter last year, the firm earned $1.69 EPS. The business’s revenue for the quarter was up 85.5% on a year-over-year basis. On average, sell-side analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analyst Weigh In

AVGO has been the subject of several research reports. Citic Securities upgraded Broadcom to a “buy” rating and upped their target price for the stock from $450.00 to $525.00 in a report on Tuesday, September 8th. Bank of America decreased their price objective on Broadcom from $530.00 to $460.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. DA Davidson set a $350.00 price objective on shares of Broadcom and gave the stock a “neutral” rating in a research note on Friday, September 4th. Cantor Fitzgerald increased their target price on shares of Broadcom from $525.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, The Goldman Sachs Group increased their target price on shares of Broadcom from $525.00 to $540.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $527.20.

Check Out Our Latest Analysis on Broadcom

About Broadcom

(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.