Gotham Asset Management Adds $4M in Broadcom Inc. ($AVGO)
Gotham Asset Management added 11,617 shares of Broadcom, raising its stake to 345,271 shares.
Key Points
- Gotham Asset Management increased its Broadcom Inc. holdings by 11,617 shares, a 3.48% boost, as of the latest SEC filing.
- Broadcom Inc. (NasdaqGS: AVGO) trades near $381.86 with a market cap of $1.82 trillion and a forward P/E of 19.74.
- Analysts largely maintain buy ratings on Broadcom, with price targets ranging from $400 to $580.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Gotham Asset Management has increased its holdings in Broadcom Inc. (NasdaqGS: AVGO) by 11,617 shares, bringing its total to 345,271 shares. The value of this stake is approximately $131.8 million, according to the latest Form 13F filing with the SEC. This represents a 3.48% increase from its previous position of 333,654 shares.
What Changed in Gotham Asset Management's Broadcom Position
Gotham Asset Management's recent filing shows it added 11,617 shares of Broadcom, boosting its stake by 3.48% to a total of 345,271 shares. The value of these holdings is now about $131.8 million. This move reflects Gotham's increased confidence in Broadcom's prospects.
Other Institutional Activity in Broadcom
BlackRock, Inc. added 6,049,826 shares to its Broadcom holdings, ending with 385,944,774 shares valued at roughly $119.5 billion. Vanguard Capital Management LLC took a new position with 308,015,865 shares worth about $95.3 billion. State Street Corp increased its stake by 1,295,881 shares, bringing its total to 191,380,232 shares valued at $59.2 billion. FMR LLC also grew its holdings, adding 926,640 shares for a total of 124,112,876 shares valued at $38.4 billion. Meanwhile, Capital World Investors reduced its position by 7,068,689 shares, now holding 116,188,483 shares valued at $35.9 billion.
Broadcom Inc. Stock Up 1.8%
Shares of Broadcom Inc. (NasdaqGS: AVGO) are trading near $381.86. The company has a market cap of approximately $1.82 trillion and a forward P/E ratio of 19.74, indicating growth expectations. Its beta is 1.433, suggesting higher volatility compared to the broader market. The stock's 52-week range has been between $244.17 and $495.00, with a 50-day moving average of $405.08 and a 200-day moving average of $357.68.
$AVGO stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its latest earnings report, Broadcom posted revenue of $75.46 billion, with a revenue growth rate of 47.9%. The company's net margin stands at 38.85%, and it reported a return on equity of 37.28%. The next earnings release is scheduled for June 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
14 target raises vs 1 cuts.
-
EPS & revenue
EPS met estimates. Revenue missed estimates by 2.3%.
-
Profit surprise
EBITDA missed by 14 percent. Operating income missed by 28 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
1 downgrade, 14 target raises, 1 target cut.
-
Earnings quality
Gross margin down 0.7 points. Operating margin up 10.1 points. Positive free cash flow.
Earnings Call Summary
Broadcom reported record quarterly revenue of $22.2 billion, up 48 percent from last year, driven by massive AI chip demand. AI chip sales alone hit $10.8 billion, up 143 percent, with bookings exceeding $30 billion against only $10.8 billion shipped, showing extreme customer demand. The company is executing partnerships with Google, Anthropic, OpenAI, and Meta to build large-scale AI compute clusters, with multiple gigawatt commitments starting to ramp in 2027 and beyond.
Guidance The company expects total sales of about $29.4 billion next quarter, up 84 percent year over year. Within that, AI chip sales should hit $16 billion, up over 200 percent. The company also raised its full-year AI sales target to $56 billion and reiterated guidance for 2027 AI sales to exceed $100 billion. Operating margins will stay stable at 67 percent even as the company grows.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Dividend
Broadcom offers an annual dividend rate of $2.60, yielding 0.68%. The dividend payout ratio is 41.26%, indicating a balanced approach to returning capital to shareholders while retaining earnings for growth.
Insider Buying and Selling at Broadcom Inc.
Several insiders at Broadcom made transactions in April 2026. Henry Samueli, Gayla Delly, Diane Bryant, Low Check Kian, and Justine Page each acquired 864 shares. Additionally, Low Check Kian sold 117 shares at an average price of $399.63.
Analysts Set New Price Targets
On June 4, 2026, UBS maintained its buy rating on Broadcom with a price target of $485. B of A Securities and Mizuho also kept buy ratings, setting targets at $530. Oppenheimer set a target of $535, while JP Morgan went higher with $580. Macquarie downgraded the stock to hold with a $437 target. The consensus among analysts is a strong buy, with an average price target of $522.06 based on 45 opinions.
About Broadcom Inc.
Broadcom Inc. is a leading technology company based in Palo Alto, California. It specializes in designing and supplying semiconductor devices and infrastructure software solutions. The company operates through its Semiconductor Solutions and Infrastructure Software segments, catering to various applications in enterprise networking, data centers, and telecommunications. Broadcom is led by CEO Mr. Hock E. Tan and employs around 33,000 people.
Bottom Line
Gotham Asset Management's increase in Broadcom shares signals confidence in the tech company's future. Broadcom continues to draw interest from institutional investors, as seen in the latest 13F filings. With a strong market position and positive analyst ratings, Broadcom remains a key player in the semiconductor industry. Investors keep a close eye on such moves to gauge market sentiment and potential trends.
Get Broadcom Inc. alerts
New 13F filings, insider trades, and analyst moves on $AVGO, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.