Intech Investment Management Reduces $10M in Broadcom Inc. ($AVGO)
Intech Investment Management has trimmed its holdings in Broadcom Inc. by 3.22%, according to the latest 13F filing.
Key Points
- Intech Investment Management reduced its Broadcom Inc. stake by 27,212 shares, a 3.22% decrease, now holding 817,913 shares.
- Broadcom Inc. trades at $381.86 with a market cap of $1.82 trillion and a forward P/E of 19.74, reflecting its strong position in the semiconductor industry.
- UBS, B of A Securities, and others maintain 'buy' ratings on Broadcom, with price targets up to $580, signaling continued analyst confidence.
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Intech Investment Management has trimmed its stake in Broadcom Inc. (NasdaqGS: AVGO), according to the latest Form 13F filing with the SEC. The filing, reflecting holdings as of the end of the reporting period, shows a reduction of 27,212 shares, bringing Intech's total to 817,913 shares. This represents a 3.22% decrease in their holdings, valued at approximately $312.3 million.
What Changed in Intech Investment Management's Broadcom Position
Intech Investment Management reduced its holdings in Broadcom Inc. by 27,212 shares, moving from 845,125 shares to 817,913 shares. This adjustment marks a 3.22% decrease in their position. The value of their stake stands at about $312.3 million, suggesting a strategic rebalancing within their portfolio.
Other Institutional Activity in Broadcom
Several other major funds have also adjusted their positions in Broadcom. BlackRock, Inc. increased its holdings by 6,049,826 shares, bringing its total to 385,944,774 shares valued at approximately $119.5 billion. Vanguard Capital Management LLC added significantly, with 308,015,865 shares valued at about $95.3 billion. State Street Corp grew its holdings by 1,295,881 shares, now totaling 191,380,232 shares worth approximately $59.2 billion. FMR LLC added 926,640 shares, reaching a total of 124,112,876 shares valued at about $38.4 billion. Meanwhile, Capital World Investors reduced its stake by 7,068,689 shares, ending with 116,188,483 shares valued at roughly $35.9 billion.
Broadcom Inc. Stock Up 1.8%
Shares of Broadcom Inc. (NasdaqGS: AVGO) recently traded around $381.86. The company boasts a substantial market capitalization of approximately $1.82 trillion. Broadcom's forward P/E ratio is 19.74, suggesting expectations of future earnings growth. The stock has a beta of 1.433, indicating higher volatility compared to the market. Over the past year, Broadcom's stock has ranged from a low of $244.17 to a high of $495.00. Its 50-day moving average is $406.45, while the 200-day moving average is $358.10.
$AVGO stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Broadcom reported revenue of approximately $75.5 billion, with a revenue growth rate of 47.9%. The company's net margin stands at 38.85%, with a return on equity (ROE) of 37.28%. Broadcom's earnings per share (EPS) is $6.00. The next earnings report is scheduled for June 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
14 target raises vs 1 cuts.
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EPS & revenue
EPS met estimates. Revenue missed estimates by 2.3%.
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Profit surprise
EBITDA missed by 14 percent. Operating income missed by 28 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 14 target raises, 1 target cut.
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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 maintaining growth investments.
Insider Buying and Selling at Broadcom Inc.
Recent insider transactions include purchases by insiders such as Henry Samueli, Gayla Delly, Diane Bryant, Low Check Kian, and Justine Page, each acquiring 864 shares on April 20 and 21, 2026, at a price of $0.00. Additionally, Low Check Kian sold 117 shares at an average price of $399.63 on April 20, 2026.
Analysts Set New Price Targets
On June 4, 2026, several analysts updated their views on Broadcom. UBS, B of A Securities, Mizuho, Oppenheimer, JP Morgan, and Jefferies maintained 'buy' ratings with price targets ranging from $485 to $580. Macquarie downgraded the stock to 'hold' with a target of $437. The consensus among 45 analysts is a 'strong buy', with a mean target price of $522.06.
About Broadcom Inc.
Broadcom Inc. is a leading technology company based in Palo Alto, California. It designs, develops, and supplies a wide range of semiconductor devices and infrastructure software solutions. The company operates in two main segments: Semiconductor Solutions and Infrastructure Software. Broadcom's products are used in various applications, including data center networking, wireless communication, and industrial automation. Led by CEO Hock E. Tan, Broadcom employs around 33,000 people worldwide.
Bottom Line
Intech Investment Management's recent reduction in Broadcom Inc. holdings is part of a broader trend among institutional investors adjusting their positions in the semiconductor giant. While the 13F filing offers a snapshot of past activity, it may not reflect current holdings. Investors continue to watch Broadcom closely due to its significant market presence and the technology sector's dynamic nature.
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